By Mulotwa Mulotwa
As Governor of the Reserve Bank of Malawi [ RBM], Dr. Dalitso Kabambe was responsible for providing strategic direction and leadership, expectedly in line with the law.
The focus should have been on the design and execution of the objectives outlined by the monetary policies; strengthen the exchange rate stability and advocate for the soundness of the financial system, which in the end should have ensured economic growth.
RBM by law, is not supposed to provide LCs [ read as credit facilities] to private companies.
Dr Kabambe’s RBM, exchanged communication and provided Letters of Credit [ LCs], to private companies, most of them with no telephone numbers that work nor traceable physical addresses.
Mulotwa Mulotwa tried to make calls to these companies using numbers found on correspondences with central bank, to no avail.
Dr. Kabambe, who wants to rule Malawi is a nice fella. This warm hearted fella dealt with the below companies – to which he was kind and acted without due diligence – which defaulted as below:
(a) Mulli Brothers? MK1,401,989,682.71
(b) FF Trading? MWK233,281,504.98
(c) Rock-Ba-Rock? ?MK1, 035, 917, 939.85
(d) Web Commercials ?MWK308,225,488.37
(e) JF Trading ?MK 152, 582, 953.55
Get angry; companies from B to E; are all owned by company A!
The Ombudsman, DPP, FIU, ACB & AG should bang heads to establish whether there is no criminality on the part of Dr. Kabambe etal…
In our investigations, which took us to the Registrar General’s Department, interestingly documents indicate that JF Trading lawyer is Lloyd MUHARA! We end here, given the respect we have for Judges as a page. Chances are names can be similar and he is not the one.
To be safe, we will just say documents at the Registrar General’s office are forged.
But for all we know about DPP antics; late Bingu wa Mutharika’s corpse arrived at Waterkloof military air base in Pretoria at 2.30am on April 6, 2012 strapped to a stretcher, tube affixed in his mouth to fool the World that he was alive and to top it all, bearing a brand new name.
Names and DPP. DPP is crazy about names, a party Dr. Kabambe wants to lead in 2025 to plot number 1.
Sorry, we digressed – and for the party that once gave us Everton Chimulirenji as Veep – and knowing that once bitten twice shy – can Dr. Kabambe run matters of state given his pedigree at RBM?
Dalitso kabambe wikipedia
Declaimer: The views expressed in the article are for the author not necessarily of The Maravi Post or Editor