LILONGWE-(MaraviPost)-Exposed! The Financial Intelligence Authority (FIA) and Malawi Police have secretly arrested and later released Shabbir Raidhan, a suspected illegal forex trader and money launderer, who is said to operate alongside his wife, Amina Raidhan.
This publication understands that Shabbir Raidhan and Amin Raidhan own a small florist business, La Fleur, in Area 6, which is being used as a front for money laundering.
The couple according to information available shows that there has been a large-scale forex externalization and money laundering activities, with transactions amounting to about MK5 billion per week in foreign currencies.
Some of their accounts linked to the suspected illegal trade scheme are 1010007387 and 1010007457 both held at National Bank .
They have another account with Standard Bank number 9100003769086 which is tied to their property valued at MK 1 billion according the records we have seen .
Malawi authorities refused to comment on the matter as we went to press…
More to come…..
