FISD Group Limited Company Executive director Frank Mwenechanya

LILONGWE-(MaraviPost)-The country’s top irrigation, water and clean energy service provider, FISD Group Limited Company Executive director Frank Mwenechanya has withdrawn his appointed as National Construction Industry Council (NCIC) member.

This follow last week arrest along side three other company’s directors on allegation of fraud which they have denied.

In a leaked letter to Malawi government’s Secretary to The President and Cabinet, Zanga Zanga Chikhosi dated November 16, 2020, FISD boss Mwenechanya feels not worthy to remain in the board due to criminal charges state has leveled against him.

“It is with deep regret that I am writing to inform you of my decision not to be part of the members of the board of NCIC as per your circular dated September 23, 2020. The decision is in line with current development where the state opened up a criminal case against me and other three directors/shareholders of FISD Limited Company.

“Due to this my moral stand to the society is compromised and for the integrity of the board and appointing authority it will not be right to serve in NCIC board. Therefore, it was an honour and appreciate your consideration for this important and noble role and will be more than willing to serve the nation after the outcome of the court proceedings,” reads the letter signed by Mwenechanya.

Chikhosi has however acknowledged the receipt of the withdrawal letter without much comment.

Lilongwe Magistrate Court  on Friday, November 13, 2020 granted bail to four FISD Directors who were arrested for being suspected of defrauding and forgery in its dealings with the government.

The suspects are Frank Mwenechanya, Arthur Mpama, Moses Chirambo and Kondwani Nanchukwa.

In her bail ruling Magistrate Shyreen Chirwa said Constitution of the Republic of Malawi on Section 42 says everyone has a right to access bail.

Chirwa said Section 118 also gives right for any suspect to apply for bail.

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