MZUZU(MaraPost)–Malawi’s business tycoon Osward Lutepo who is suspected to have a hand in the looting and plundering of public resources at Capital Hill has handed himself to police soon after his arrival.

Lutepo who is reportedly to have been in the far east for business purposes was named in the cash-gate scandal after the Anti-corruption Bureau (ACB) discovered that his company International Procurement Services  received government money without providing any service.

Police deputy national spokesman Kelvin Maigwa confirned  Lutepo has handed himself in and is currently under arrest.

Maigwa said the Police will interrogate Lutepo.

Two officers at the Office of the President and Cabinet were also arrested for allegedly issuing a payment of over a billion to Lutepo’s company, which did not have any contract with the government, according to ACB.

In a related development Malawi Police have confiscated US$ 184 000 (about K73.6 million) cash which was being kept by Pika Manondo, the prime suspect in the shooting of Paul Mphwiyo, the Budget Director.

According to Maigwa, Manondo was keeping the money in a self-deposit box at the First Merchant Bank (FMB), Lilongwe Branch.

Manondo, who has been placed on international police organisation Interpol’s wanted list, has recently told local media that he intends to return to Malawi this week.

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