Africa-Press – Malawi. Blantyre-based businessman Salim Mahomed Sidik Jussab risks police arrest following revelations that he externalized foreign exchange in excess of US$400, 000 at a time the Government of Malawi is grappling with a forex shortage.
Sources at the Fiscal Police in Blantyre and the Reserve Bank of Malawi (RBM) have confirmed that they are investigating Jussab in relation to the said crime. The authorities are also investigating his bank accounts domiciled in the United Kingdom (UK) and United Arab Emirates (UAE).
Jussab is the Managing Director of Fasa Foods Limited based in Limbe, Blantyre. Recently, he has been in the public domain for bad reasons as he is allegedly connected to multiple criminal activities.
In the latest case, our sources said he externalized the much-sought-after forex through cryptocurrency – a digital currency. He later invested the money into Volo finance. A simple search on the internet indicates that Volo Finance is a US-based broker.
In another related criminal case, Malawi Voice reported that police in Blantyre are investigating Kauser Salim Jussab over a car suspected to be hot, and the suspect is a mother to on-the-run businessmen Mohamed Shabir Salim Jussab and Humair Salim Mahomed Sidik Jussab, wanted by police for multiple criminal charges.
Police, under the Anti-Motor Car Theft Department based at South West Region Police, have been hunting for Kauser in connection to information they have that her Mercedes Benz, registration number HENN4 is a stolen car.
Sources at South West Region Police told media last week that law officers went to Fasa Factory in Mapanga a couple of weeks ago, owned by her family, looking for her and the car, but they did not find her and the car.
“Investigations are ongoing. We expect that she would surrender herself here because we left a message,” said one source.
Meanwhile, the Malawi Revenue Authority (MRA) is also tightening a noose on Kauser’s son, Shabir, after his Limbe-based company, RR Trading, reportedly evaded duty on K50 million worth of school uniforms supplied to St. Andrews International Primary School in Blantyre.
On the other hand, St. Andrews has said it was not aware of issues surrounding RR Trading and that it evaded duty, adding the school was only waiting to be informed of what is required to be paid to the revenue-collecting body.
Shabir is embroiled in a number of criminal offences and is on the run for months now, with warrants of arrests hanging on his head. MRA disclosed it was gathering evidence on the duty evasion matter involving RR Trading.
St. Andrews International Primary School admitted RR Trading supplied them with uniforms, but was not aware of the duty evasion issues. The family of Jussab is being implicated in numerous scams immediately after Shabir left Malawi for Saudi Arabia.
MRA sources earlier also disclosed that businessman Humair, a young brother to Shabir, lied to authorities at the tax-collecting body on a hot car he brought in Malawi that he was a student returning home from school in South Africa to evade paying duty. MRA sources said the businessman used special exemptions MRA offers for certain individuals to evade the duty.
“Through our ongoing investigations, in collaboration with police, we have discovered that duty was not paid for this car in question, BZ 1382, VW double cab. We know it was being repaired at a garage in Blantyre, Fernando Motors. We have taken a special interest and we are investigating the matter further.
“The unfortunate part is that we have learnt that the person in question [Humair Jussab] is not in the country and police are also looking for him on other criminal charges in connection to the same car,” an officer disclosed earlier.
MRA disclosed it was gathering evidence on the duty evasion matter involving RR Trading. St. Andrews International Primary School admitted RR Trading supplied them with uniforms, but was not aware of the duty evasion issues. The family of Jussab is being implicated in numerous scams immediately after Shabir left Malawi for Saudi Arabia.
MRA sources earlier also disclosed that businessman Humair, a young brother to Shabir, lied to authorities at the tax-collecting body on a hot car he brought in Malawi that he was a student returning home from school in South Africa to evade paying duty. MRA sources said the businessman used special exemptions MRA offers for certain individuals to evade the duty.
“Through our ongoing investigations, in collaboration with police, we have discovered that duty was not paid for this car in question, BZ 1382, VW double cab. We know it was being repaired at a garage in Blantyre, Fernando Motors. We have taken a special interest and we are investigating the matter further.
“The unfortunate part is that we have learnt that the person in question [Humair Jussab] is not in the country and police are also looking for him on other criminal charges in connection to the same car,” an officer disclosed earlier.
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