Tag Archives: Iqbar Sodagar Moinuddian Mohmad

Malawi

Asian businessman on custodial charge for attempting to externalize forex

Maravi Post correspondent 1 Comment

LILONGWE-(MaraviPost) –  The Lilongwe Magistrates Court has on Wednesday put a Malawian businessman of Indian origin, Iqbar Sodagar Moinuddian Mohmad on custodial charge for attempting to externalize foreign currency.

an Indian man arrested for attempting to externalize foreign currency

The court has however set January 11, 2017 as the day the suspect will be formally charged with three counts, namely; illegal possession of foreign currency, attempting to externalize forex and money laundering.

This means that Mohmad will remain in police custody till next week when the state is expected to charge him. Continue reading Asian businessman on custodial charge for attempting to externalize forex →

Business, Lifestyle

Indian Businessman Arrested at KIA for Attempting to Externalize Forex

MaraviPost 1 Comment
Iqbar-Sodagar had 622,820 USA Dollars ,2 015 British Pounds and 15,860 Euros

A 38 year-old Malawian businessman of Indian Origin was arrested on Friday December 30,2016 at Kamuzu International Airport (KIA) for attempting to externalize foreign currency.

The money in his possession include 622,820 USA Dollars ,2 015 British Pounds and 15,860 Euros which after exchanging them into Malawi Kwacha will be almost Mk540 Million. Continue reading Indian Businessman Arrested at KIA for Attempting to Externalize Forex →