{"id":19321,"date":"2022-03-29T19:15:41","date_gmt":"2022-03-29T19:15:41","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/escom-prepaid-units-worth-k60-billion-sold-on-black-market"},"modified":"2022-03-29T19:42:37","modified_gmt":"2022-03-29T19:42:37","slug":"escom-prepaid-units-worth-k60-billion-sold-on-black-market","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/escom-prepaid-units-worth-k60-billion-sold-on-black-market","title":{"rendered":"ESCOM prepaid units worth K60 billion sold on black market"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Malawi. <\/strong><\/span>Electricity Supply Corporation of Malawi (ESCOM) has lost K60 billion since 2018 due to a syndicate involving employees who have been selling prepaid units to companies and individuals in the country through parallel structures.<\/p>\n<p>ESCOM Chief Executive Officer Kamkwamba Kumwenda revealed the fraud, saying the sale of the unit started in 2018 after the company migrated to pre-paid meter billing system<\/p>\n<p>He said some companies and Malawians of Asian origin have been buying the prepaid units illegally. According to Kumwenda, ESCOM and Electricity Generation Company (EGENCO) employees have been selling their electricity allocations to these entities and individuals.<\/p>\n<p>Yesterday, Kamkwamba Kumwenda went to Kips Main Restaurant in Blantyre where he alleged that the company has been buying electricity from parallel markets and now owes ESCOM over K61 million.<\/p>\n<p>\u201cSome companies even have K17 million worth of electricity meaning they can\u2019t buy any units for the next five years,\u201d he said. He added that the company will embark on a nationwide inspection of 461,000 properties implicated in the syndicate.<\/p>\n<p>\u201cWe will name and shame all people who are doing such illegal activities for ESCOM is losing about K12 billion every year due to such unpatriotic tendencies,\u201d said Kumwenda.<\/p>\n<p><strong>For More News And Analysis About <a href=\"https:\/\/www.africa-press.net\/malawi\">Malawi<\/a> Follow <a href=\"https:\/\/www.africa-press.net\/\">Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Malawi. Electricity Supply Corporation of Malawi (ESCOM) has lost K60 billion since 2018 due to a syndicate involving employees who have been selling prepaid units to companies and individuals in the country through parallel structures. ESCOM Chief Executive Officer Kamkwamba Kumwenda revealed the fraud, saying the sale of the unit started in 2018 [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":19320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8],"tags":[233,371,300,3490,4333,234],"class_list":["post-19321","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","tag-africa-press","tag-africa-press-malawi","tag-corruption","tag-electricity-supply-corporation-of-malawi-escom","tag-kamkwamba-kumwenda","tag-malawi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>ESCOM prepaid units worth K60 billion sold on black market - Malawi<\/title>\n<meta name=\"description\" content=\"Electricity Supply Corporation of Malawi (ESCOM) has lost K60 billion since 2018 due to a syndicate involving employees ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/malawi\/all-news\/escom-prepaid-units-worth-k60-billion-sold-on-black-market\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ESCOM prepaid units worth K60 billion sold on black market\" \/>\n<meta property=\"og:description\" content=\"Electricity Supply Corporation of Malawi (ESCOM) has lost K60 billion since 2018 due to a syndicate involving employees ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/escom-prepaid-units-worth-k60-billion-sold-on-black-market\" \/>\n<meta property=\"og:site_name\" content=\"Malawi\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-03-29T19:15:41+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-29T19:42:37+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/03\/img-6243610955866.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/escom-prepaid-units-worth-k60-billion-sold-on-black-market#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/escom-prepaid-units-worth-k60-billion-sold-on-black-market\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"ESCOM prepaid units worth K60 billion sold on black market\",\"datePublished\":\"2022-03-29T19:15:41+00:00\",\"dateModified\":\"2022-03-29T19:42:37+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/escom-prepaid-units-worth-k60-billion-sold-on-black-market\"},\"wordCount\":217,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/escom-prepaid-units-worth-k60-billion-sold-on-black-market#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2022\/03\/img-6243610955866.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"corruption\",\"Electricity Supply Corporation of Malawi (ESCOM\",\"Kamkwamba Kumwenda\",\"Malawi\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/escom-prepaid-units-worth-k60-billion-sold-on-black-market#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/escom-prepaid-units-worth-k60-billion-sold-on-black-market\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/escom-prepaid-units-worth-k60-billion-sold-on-black-market\",\"name\":\"ESCOM prepaid units worth K60 billion sold on black market - 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