Malawi: ACB Rearrests Zameer Karim - Court Revokes Bail

15 April 2021

The graft busting body, the Anti Corruption Bureau (ACB) has today re-arrested Asian businessman Zameer Karim of Pioneer Investments after the High Court revoked his bail.

ACB spokesperson Egritta Ndala has confirmed the arrest.

She said Karim was being kept at Blantyre Police Station waiting to be remanded to prison until the next date of trial.

The business tycoon was charged with intent to defraud Ecobank Malawi K850 million by allegedly obtaining fraudulently a loan purportedly guaranteed by the Malawi Police Service.

More From: Nyasa Times

Don't Miss

AllAfrica publishes around 900 reports a day from more than 130 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.