LILONGWE-(MaraviPost)-The embattled Salima Sugar Company is reportedly facing a severe financial and operational crisis, following concerns over the procurement of wrong mill spare parts valued at approximately MK3 billion during President Lazarus Chakwera’s Malawi Congress Party (MCP) regime.
According to information gathered, the company is struggling to maintain the mill in readiness for the upcoming production season.
This is despite the significant investment in spare parts, raising questions about the effectiveness of the procurement process.
Sources further indicate that utility providers, including ESCOM and the Water Board, have suspended services due to outstanding payments, worsening the company’s operational challenges.
Investigations also suggest that conditions at the factory have deteriorated, with reports pointing to poor hygiene standards that may pose risks to both workers and the surrounding environment.
Additionally, there are growing concerns over broader financial mismanagement, with claims that over MK20 billion in public funds allocated to the project may have been misused over time.
These allegations include suspected procurement irregularities and inflated contracts, which have drawn public scrutiny.
This comes as previously reports exposed on mismanagement yet none has been held accountable.
There are also questions surrounding the tenure of the former Chief Executive Officer of Salima Sugar Wester Kosamu with some stakeholders calling for a thorough investigation into decisions made under previous leadership and any potential links to financial losses.
MCP regime used Salima Sugar as a cash cow to steal billions of tax payers money .
These are tax payers money stolen and those involved must be accountable to Malawians .
President Peter Mutharika’s Democratic Progressive Party (DPP) government is yet to reinstitute Salima Sugar Company for productive state firm.
LILONGWE-(MaraviPost)-The opposition Malawi Congress Party (MCP) guru Dawn Gowa Nyasulu, Managing Director of Nyasa Hills Ltd faces is under fire receiving an advance payment of MK200 million from Salima Sugar Company to supply fertilizer, which he has failed to deliver.
Source told this publication that Nyasulu shared part of the money with his associate, Wester Kosamu, Salima Sugar’s Executive Secretary.
This comes as Malawians were later told Salima Sugar required a government bailout, effectively draining taxpayers’ money.
Meanwhile, authorities say every tambala will be recovered to ensure Malawians enjoy the benefits of their resources, as calls grow for accountability and punishment of those implicated.
Efforts to get feedback on the matter from both Kosamu and Nyasulu proved futile for several attempts.
LILONGWE-(MaraviPost)-The country’s state-owned sugar producer, Salima Sugar Limited, a subsidiary of Greenbelt Authority on Friday night, December 6, 2024 scooped two awards in National Product Magazine (NPM) Gala.
During the awards which Trade and Industry Minister Sosten Gwengwe graced for 40 awards, Salima Sugar won “The best Sugar Producer of the Year”.
Not only but also Salima Sugar Company Executive Secretary and Chair Webster Kossam was voted as “Most improved Ceo in Manufacturing sector of The Year”.
In his excitement, Kosamu desriced the award as a motivation considering the efforts that the company has demonstrated the time that the country was hit with sugar crisis.
According to Kossam, the company produced 21,000 metric tons from 18, 000 metric (previous company regime) while hoping reach 30 metric tons when full operation scale is done.
He therefore assured the nation the the company will continue working on different reforms to ensure that salima become the biggest sugar producer in Malawi and SADC Region.
Kosamu therefore also called upon more investors from both government and the public sector to utilise the land that has been idle therefore realizing more exports.
“The awards have motivated us greatly that will work hard for expansion of sugar cultivation for the idle 4,000 hectors of land.
“We want more partners in this sugar venture that we produce more for export as forex scarcity”, appeals Kossam.
NPM Managing Director Arthur Chinyamula expressed gratitude on the country’s leadership recognition of the magazine’s role.
Chinyamula assured the manufacturers that the magazine will continue unlocking trade barriers with quality information about products.
“We have received Malawi government’s recognition on what the magazine is advancing on local products promotions.
“We want Malawians products be flooded in the entire SADC Region while in return the country will generate much needed forex. So, we appeal local manufacturers to embrace the magazine,” urges Chinyamula.
About 40 manufacturers, individuals, media were awarded for their contributions in various spheres of business.
During the awards, NPM also launched 110th edition titled, “On The Road to Malawi 2063: Unlock Trade Barriers”.
Below are some of key awards.
Personality of the Year in Beauty Industry: Spiwe Mzembe
Make Up Artist of The Year: Cecilia Magaleta
Best Food Packaging of the Year: Easy pack limited
Cooking oil Brand of the year: Agri Value Chain their cooking oil brand Purola.
Bottled Water Supply of the Year: Namadzi bottlers.
Best Service Delivery in Banking sector: Eco Bank.
Best Sauce and Pepper Manufacturer of the Year in Malawi: Harry Admson
Best Beverage Manufacturer of the Year: Trade Kings for Zambia
Overall Business Woman of the Year: CHACHA
Entrepreneur of the Year: Lehome furniture by lefunati Tambala won as furniture
Botique of the Year: Emmie Kankwech
Fertilizer Company of the Year: ETG Agri input Malawi
Innovative CEO of the Year in Agriculture Sector: Pixus Agricuture Ceo Ronald Ngwira
Oustanding CEO in Manufacturing Sector of the Year: Agri Value Chain Ceo Regnish Debraal
Sugar Company of The Year: Salima Sugar Limited
Improving Ceo in Manufacturing sector of The Year: Salima Sugar Executive Chair Webster Kossam
Best Business Journalist of The Year: Alex Banda of Zodiak business reporter Alex Banda
Best Online Journalist of The Year: Macdonald Chiwayula of MBC.
BLANTYRE-(MaraviPost)-Pressure is continuing to mount on the calls to have Salima Sugar Company Limited (SSCL) Acting Executive Chairperson Wester Kosamu to be removed from his position.
Joining the calls is the Mzuzu City Youth Caucus is urging the Attorney General’s office to expedite the prosecuting of the culprits who swindled public money.
“We also ask the appointing authority for the immediate removal of Mr Wester Kosamu as a Chairperson of Salima Sugar company for he is compromised to continue exercising his duties,” reads the statement signed by Gomezgani Nkhoma.
He noted with concern that recently MYC wrote Salima Sugar Company demanding information in line with the Access to Information Act but the efforts yielded no results.
“We believe the act was deliberate to frustrate our efforts of holding officers at the company accountable. The Mzuzu Youth Caucus therefore demands the immediate removal of Mr Kosamu to save the face of a company and the reputation of our beloved country,” he said.
He says the action is necessary now because it is still fresh in the minds of Malawians that the Malawi Law Society Disciplinary Committee had recently suspended Kosamu from practising Law for six months for allegedly misappropriating a client’s money.
“This major development is enough for Kosamu to be removed from office and it has left tongues wagging as to why he’s still manning the institution at a time when his judgment is questionable,” he said.
The grouping has since commended the office of the Attorney General for making public findings of the audit his office ordered to be carried out at Salima Sugar.
Salima Sugar is currently entangled in a web of misfortune due to poor management at the helm of it largely due to personal aggrandizement.
BLANTYRE-(MaraviPost)-The Centre for Democracy and Economic Development Initiatives (CDEDI) is questioning the merit of maintaining Salima Sugar Company Limited leadership that is characterized by numerous financial scandals.
The target in the whole process is Executive Chairperson Wester Kosamu who at the moment is not understandable as to how he rose to the ranks and files of the company soon after the Malawi Law Society (MLS) Disciplinary Committee suspended him from practising law for six months on alleged misappropriation of clients money.
While commending Attorney General Thabo Chakaka-Nyirenda for making public contents of the recent forensic audit commissioned by the Malawi Government on SSCL, Namiwa says the starting point should be to immediately remove the SSCL Executive Chairperson Wester Kosamu from his position.
“The best expected of him was to step down then. To be precise, we at CDEDI find Mr. Kosamu too conflicted to continue representing the interest of Malawians at SSCL, let alone at the Greenbelt Authority (GBA),” says CDEDI Executive Director Sylvester Namiwa in a statement.
“If the AG is really serious about clearing the corporate governance rubble at SSCL, we believe government’s starting point should be to immediately remove the SSCL Executive Chairperson Mr. Wester Kosamu from his position. Actually, he does not seem to represent the kind of change Malawians anticipate to see at SSCL,” he says.
There is also documentary evidence indicating that in just a few months that Kosamu has served as SSCL Executive Chairperson he has suspectedly abused his position by instructing SSCL to pay K7, 514, 250 in respect of customs duty for his personal property, a super link trailer.
According to Namiwa, infact based on available documents, SSCL paid in two instalments of K3,514,250 through Payment Voucher 1767 and Cheque no: 008058 and also Payment Voucher 1766 and Cheque no: 008057.
Further confirming the abuse of power, it is also alleged that Kosamu single-handily signed a consent order for an out-of-court settlement on a lawsuit involving SSCL without the boards approval, and committed SSCL to pay about K252 million in respect of the same.
“In view of what has transpired at SSCL, CDEDI urges government to keep an open eye on all joint venture entities under the GBA as we strongly fear that what is happening at SSCL could also be happening elsewhere. It should start with forensic auditing of all those GBA entities,” he said.
Namiwa has therefore, urged government to desist from selective justice when pursuing the matter at hand.
“In the same vein, CDEDI would like to appeal for periodic updates on the matter, to avoid speculations and misinformation that may thwart the well-intended exercise,” he says.
Through the televised press briefing beamed live on Malawi Broadcasting Corporation television, the AG recently assured Malawians that every tambala suspected to have been lost in this enterprise will be recovered.
“We would like to believe that the AG meant what he said, and he will keep his word to the letter,” said the CDEDI Executive Director.
Meanwhile, CDEDI seeks support from all well-meaning Malawians towards the AGs efforts in bringing sanity at SSCL.
“We know that all these efforts are aimed at saving SSCL, which was established to break the monopoly in the sugar manufacturing industry for the benefit of low-income consumers,”.
LILONGWE-(MaraviPost)-The country’s civil rights group, Centre for Democracy and Economic Development Initiatives (CDEDI) on Monday, December 4, 2023, demanded Salima Sugar Company Limited (SSCL) Executive Chairperson Wester Kosamu to make public the scope of audit work justifying the MK623 million claim by Audit Consult.
CDEDI Executive Director Sylvester Namiwa told the news conference in the capital Lilongwe that his grouping wants the Sugar company to also disclose all other related reimbursements as well as any relevant documentary evidence that validates the amount being claimed.
The grouping calls came barely a week after the High Court in Blantyre froze all Salima Sugar bank accounts until the company settled the MK623 million it owes to the audit firm which conducted a forensic audit.
“It is given this that we urge Attorney General Thabo Chakaka-Nyirenda to vacate the injunction which has crippled SSCL’s operations. Malawians may wish to know that the initial contract for the audit signed in June 2023 was pegged at MK160 million, and was duly paid but by the time the draft audit report was released the cost of producing the audit had ballooned to MK250 million.
“In the same vein, Cdedi demands an explanation from SSCL former executive chairperson Shirieesh Betgri on why he accepted liability for an audit that was commissioned by the government in the exercise of its oversight role,” said Namiwa.
Namiwa notes that current developments at SSCL smack more of politics than institutional governance, which, if not checked, will have far-reaching consequences on the survival of the company.
CDEDI therefore believes the developments will scare away both existing and potential investors.
Below is CDEDI’s full statement…..
DEMAND FOR TRANSPARENCY IN SALIMA SUGAR AUDIT PAYMENTS
The Centre for Democracy and Economic Development Initiatives (CDEDI) has learnt with dismay that the recent forensic audit commissioned by the Malawi Government on Salima Sugar Company Limited (SSCL) will cost Malawians close to MK1 billion.
It is worth highlighting that apart from Malawians having 40 percent shareholding in SSCL— through the Greenbelt Authority (GBA)—the company was established to break the monopoly enjoyed by Illovo Sugar Company for the benefit of the low-income consumers.
So, it is with that understanding that as a watchdog, and a mouthpiece of the voiceless, we at CDEDI have been closely following developments at Salima Sugar; hence our interest in matters surrounding the forensic audit commissioned by the government.
To put it bluntly, we, like most well-meaning Malawians were shocked to read in The Nation newspaper of November 30, 2023, an article titled ‘Salima Sugar accounts frozen over MK623 million debt’.
According to the article, SSCL owes Audit Consult MK623 million following the forensic audit it conducted on behalf of Malawians recently.
It is given this that we urge Attorney General Thabo Chakaka-Nyirenda to vacate the injunction which has crippled SSCL’s operations.
Thus far, CDEDI challenges the SSCL executive chairperson Mr. Wester Kosamu to make public the scope of the audit work and related reimbursements as well as any relevant documentary evidence to justify the K623 million claim by Audit Consult.
Malawians may wish to know that the initial contract for the audit signed in June 2023 was pegged at MK160 million, and was duly paid but by the time the draft audit report was released the cost of producing the audit had ballooned to MK250 million.
In the same vein, CDEDI demands an explanation from SSCL’s former Executive Chairperson Mr. Shirieesh Betgri on why he accepted liability for an audit that was commissioned by the government in the exercise of its oversight role.
Frankly speaking, current developments at SSCL smack more of politics than institutional governance, which we fear will have far-reaching consequences on the survival of the company.
And this, for sure, will scare away both existing and potential investors. That is, to say the least about its impact on the country’s ailing economy.
That said, CDEDI wishes to warn politicians to take their hands off this otherwise only promising public-private partnership initiative, knowing that the rest have collapsed due to political interference.
Without mincing words, political party financing is rearing its ugly face at SSCL that brought hope to many Malawians that someday sugar would not only be affordable but the company would also create more jobs and help to generate the much-needed foreign currency in improving the country’s economy for the betterment of all.
Last, but not least, CDEDI hereby gives concerned parties seven days to do the needful; or we will be forced to take drastic action in the interest of the common good.
A total of MK114 billion (US$72) million was borrowed from India and local banks with part of it raised from shareholders equity to finance the set-up of Salima Sugar company, but the money trail, just like its scarce sugar, is as murky as its set up.
Salima Sugar Company To save the project, the government which had 40 percent of the shareholding, borrowed MK12 billion and later an additional K6 billion to pay for the land and sugar-growing operations. The loans, with interests, now stand roughly at MK25 billion.
The government says the loans have not been paid, and associates of the company’s ousted Chairman claim all loans could be repaid within 2 years.
It is difficult to find the truth about the company, but Finance Minister Sosten Gwengwe and Salima Sugar Chairperson Wester Kosamu say the reforms that are being introduced will see Malawians gain, unlike the previous arrangement that has been running it between 2016 and January 2023.
Producing 25,000 tonnes each year valued at K27 billion at today’s exchange rate, neither the sugar nor profits have been seen in Malawi, yet the people of Malawi continue to service the loan from India while a few people continue to enjoy the benefits of the plant.
In the beginning- India pumped US$35 million, Malawi borrowed US$25 million (K25 billion). Malawi’s debt profile includes US$35 million debt indicating that was borrowed from India to set up the Salima Sugar factory. However, the story is hazy as to where the money went, who ate it, and what it was used for. This was around 2011, 2012 and 2013.
On 15th August 2016 opening the Salima Sugar factory, then President Peter Mutharika publicly said the initial money was stolen by the previous government and his administration had to find resources to save the company.
The initial loan discussions were started under the Late President Bingu wa Mutharika’s administration and concluded in 2012 and 2013 under the regime of President Joyce Banda.
It was not clear which “previous government” the President referred to in 2016.
“US$35 million was used to pay for the factory. It advertised for partners to run the company in 2013/14 and Aum Sugar was given the contract. The money from India was paid to the Malawi Government and not to Aum Sugar,” an associate of Aum Sugar explained in an exclusive interview granted to The Investigator Magazine.
The total money for the project is, therefore, US$35 million from the Government of India, CDH Bank loans worth US$25 million to GBA, and US$12 million raised as equity by Aum Sugar out of the agreed US$17 million. Roughly around US$72 million was pumped into the company.
It is how and where this US72 million was used or repaid that has seen its former chairperson arrested and allegations of wild parties with taxpayers’ funds made.
We could not trace the exact dates the funds went into the Treasury, but it could be estimated to be around 2012 for Indian loans and around 2016 for Malawian loans.
Aum Sugar was given the contract in 2015 after the factory had already been built. Malawi Government- Green Belt Authority and Aum Sugar form partnership
In 2014, the Government identified Aum Sugar, a partnership from India to set up and run the Salima Sugar Company.
The shareholding was 60% to 40 percent in favor of Aum Sugar, whose main partner with US$4 million worth of shares in Aum Sugar was Shirieesh Betgiri, who assumed the role of Executive Chairman.
Shirieesh Betgiri the then Executive Chairman of the GBA According to sources and the GBA chairman Kosamu, the agreement included raising US$17 million which was to be operations capital, but the company only managed to raise US$12 million until this year when the shareholding had to be restructured to reflect the real contributions.
The GBA has its own 2500 hectares, of which at least 1200 hectares have been developed and kept by Salima Sugar. The GBA was the recipient of a K25 billion loan from the banks and not the Salima Sugar Company, claim the sources.
“There is a forensic audit which we instituted to establish exactly where the company is. All those questions will be answered. As a Board, just like all Malawians, we all have questions, once we get the report, we can push reforms that will make sense that this project benefits the country,” said Kosamu in a telephone interview.
There is a forensic audit that we instituted to establish exactly where the company is – Kosamu “The government was supposed to guarantee loans to Salima Sugar, but they changed and brought in GBA which had 2500 hectares of their own. Salima Sugar developed 1200 hectares of the GBA’s hectarage and the company has its own 500 hectares,” explained our source.
The Salima Sugar Company claims it invested US$12 million into the 500 hectares with the construction of six dams as Lake Malawi is 9 kilometers from the plantations’ six underground pipes.
The GBA states that the US$25 million was used to set up the 1200 hectares of land and start the operations of the company.
There is no certification of the costs, and the anticipated audit report could reveal the real costs.
MK25 billion loans, profit or losses?
The company started actual sugar production and its output is now estimated at 25,000 tonnes per year which is from over 130 million tons of sugar cane, according to insiders.
The company sells all its sugar locally, though it is mainly in 50-kilogram bags, which is why it is rarely found on the Malawi market, said another source.
“The company has never declared any profit. In 2021 it made K24 billion, but they declared that they had issues with the production, and nothing was declared. You are looking at a whole K24 billion,” said a source.
Again, depending on who you ask, there is a dispute if the company is making a profit or loss.
Malawi Government detains Indian nationals working without permits at Salima Sugar Factory – Photo credit: Grace Kapatuka
“It is true that no profit or dividends has ever been declared. But as to why and why, I would be wrong to assume anything. Let us wait for the audit report to make an intelligent comment,” said Kosamu.
Our insider claimed that Betgiri ran the show and that he could explain where the money realized from the sale ended up.
The former chairman’s backer at the company claims the money went straight into banks to repay the loans.
“In 2016 the interest rates were very high to 2018, they ranged from 38 percent to 25 percent. All payments were made at CDH Bank.
The bank kept 60% and gave Salima Sugar 40% for operations based on invoices. With high interests, the loans had soured, but they could be repaid within three years and the company can declare profits,” he said.
However, this is disputed as the loans, paid to GBA, have a life span of around 10 years and at K27 billion a year and even at 60 percent of K24 billion sales being held by the bank, the K18 billion loan should have been settled in a few years.
“If CDH has been taking or holding 60 percent from the sales they should be taking at least K10 billion a year, the K25 billion loan should have been retired within two or three years. It does not make sense that six years later the company is boggled down by these loans,” said our financial expert.
The outstanding loans questions could not be cleared, and the two versions contradict each other, leaving Malawians to ask, where and who got the money and where does the Salima Sugar money really go.
The Investigator Magazine will be tracking the payments and bank statements of the company it has received.
Did Betgiri borrow US$300 million?
Betgiri, former Chairman of the company was arrested by the Malawi Revenue Authority, working with the Financial Intelligence Unit and others claiming that he had borrowed US$300 million in Dubai against the company.
Gift Trapence, Chairperson of the Human Rights Defenders Coalition, had written to the FIA and other prosecution agencies making several serious allegations, that as published in local media.
The company’s worth is less than US$150 million and there is no indication that the former chairman could have been trusted to borrow “US$300 million” against the company.
“We will have to wait for court to get the details, it should be interesting,” said his associate.
On June 21, 2023, Platform for Investigative Journalism reported that Betgiri was arrested by Police after he established a clandestine bank account in Dubai under the name of Salima Sugar Company.
The Investigator Magazine has traced a company registered in Dubai by the same name, but not a bank account, and a former GBA Board member explained to us that nothing came out of the proposed financing from Dubai.
“Just like Bridgin Foundation joke to the President and Government. There was a promise that someone could finance Salima Sugar’s expansion at a low rate. They said the company should open a company and the money will be paid. Betgiri was given go ahead but the company disappeared, so no money was paid, no bank account opened and GBA was aware of all of this,” said the board member who pleaded for strict anonymity.
Police spokesman Peter Kalaya, according to the PIJ and Shirieesh Betgiri lawyer Wapona Kita confirmed the arrest and was remanded at Lumbadzi Police Station in Lilongwe before he was released on bail.
Among the charges include the alleged US$300 million financing and charges of fraud other than false pretences, obtaining execution of a security by false pretence, trustees fraudulently disposing of trust property, and money laundering.
No Malawians, but 150 Indians employed
The start of the company sent shock waves to many agriculture graduates as Indian nationals were shipped into the country and took up most of the top jobs to run the company. The Board agreed.
In July 2020, then-Immigration Minister Richard Chimwendo Banda visited the company and expressed shock that there were a lot of Indians at the factory doing jobs that Malawians could do.
The following day Department of Immigration arrested 67 Indian nationals for working at the factory without a permit and later the numbers were reduced to 50 after discussions. Others allege the matter died down after “a tithe” was collected.
Workers of the company, all Indians The company sources said there is no Sugar training factory in Malawi, despite Illovo operating in the country for ages.
“The agreement was reached, they were reduced to 50, then around 30 could remain with Malawians taking over after training. Otherwise, these came to fill the skills gap,” said an official at the company.
Who is buying and selling Sugar, where is Salima Sugar
The issue of who is selling Salima sugar, two versions again emerge, from the old Board and the new Board adding more mystery to the whole saga.
Our source claimed the company has had 1-kilogram packaging machines for a while, while the other side disputes this, saying it was selling its sugar in 50-kilogram bags.
The other claim is that Malawians of Asian origin are the only ones who had distribution contracts that denied indigenous nationals a share of the Salima Sugar business.
“Only one or two were black Malawians. The rest operated like a cartel,” charged our source.
Kosamu said his Board which took over in January cancelled all contracts and is now processing new bids.
“I can’t say much about the past. The future is that people will be able to find Salima Sugar at Nkhamenya as well as in Chitipa or Nsanje, the new contracts are being processed to rectify whatever was wrong with the past,” he said.
Apart from the Aum Sugar, The Investigator Magazine has established that the Secretary to the President and Cabinet (then called Chief Secretary), Secretary to the Treasury, Principal Secretary for the Ministry of Agriculture, and the Green Belt Authority have been board members since inception.
This raises questions as to what role these Board members played as public representatives during the past six years, as resources were being poured into the company.
Both past and present occupants of the position were not willing to engage in what their role was when billions were being borrowed and spent.
“It’s a difficult question. That institution is very political. Very political. Whatever is happening has politics to it. Asking civil servants what happened is like asking them to hang themselves,” said a former Principal Secretary.
He added that the fact that the Office of the President and Cabinet was part of the Board, whatever happened might have had the blessing of the highest echelons of power.
Trips to Dubai, India
Whilst Begtiri associates claim the Board members have never been to Dubai but only India, our sources gave us a trail of several Salima Sugar officials who have been frequenting the United Arab Emirates.
“There are officials that kept traveling to Dubai at one point. Some of them are deceased. Even senior government officials at the rank of SPC went to Dubai once or twice,” claimed our source saying the other one was somewhere in 2021.
Kosamu said since January none of the Government officials have traveled outside Malawi on the Salima Sugar business.
“Not a Minister, not a PS, or even myself have been to Dubai on the company business. If it was happening it was before us,” he charged.
The former team disputed the Dubai allegations stating that the trips were made to India four times to meet other shareholders.
“Being senior government officials necessary approvals were obtained. The company paid for the travel and nothing else,” said the official.
Can Kosamu deliver the change Malawians need?
“We are pushing reforms, we have managed to increase government shareholding from 40 percent to 49 percent and reduce the old ownership to 51 percent. The shareholders agreed the company needs more of Malawian hence my appointment as Executive Chairman to see transition,” said the Kosamu.
He said the nine percent was converted from the US$5 million that Aum Sugar failed to raise to meet its US$17 million obligation.
Further changes include expansion of production, availability of sugar in local market, and improvement in the quality of services.
“Very soon Malawians will see Salima sugar everywhere. We are committed to improving the sector. We will start by making sure the company benefits Malawians,” he promised.
What next for Salima Sugar?
Will Malawians ever know the truth, this depends on the audit said to be almost ready and who is implicated in the scam.
The Investigator Magazine has been informed of a possible MK1 billion that an individual borrowed from a private company and paid with sugar.
Source: The Investigator Magazine
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