GABORONE-(MaraviPost)-Malawian-born businessman Simbi Phiri, who is based in South Africa, has won a major victory in Botswana’s Lobatse High Court, which ordered the release of his R24 million that had been frozen.

According to Fine24 and city press-online papers said, since April last year, Phiri had been under investigation by Botswana’s anticorruption unit, the Directorate on Corruption and Economic Crime (DCEC), which falls under the director of public prosecutions.

The papers added that the DCEC obtained a restraining order that froze eight Stanbic Bank accounts belonging to Phiri and his businesses.

In his ruling this week to unfreeze the accounts, Lobatse High Court Judge Michael Leburu said the DCEC’s investigation was “half-hearted” and “lopsided” because it had not interviewed Phiri since starting the probe. Continue reading Botswana court frees Malawian tycoon Simbi Phiri’s accounts →