{"id":57710,"date":"2024-01-30T22:32:27","date_gmt":"2024-01-30T22:32:27","guid":{"rendered":"https:\/\/www.africa-press.net\/malawi\/all-news\/over-30-million-mismanaged-at-salima-sugar-company-says-attorney-general"},"modified":"2024-01-30T22:44:35","modified_gmt":"2024-01-30T22:44:35","slug":"over-30-million-mismanaged-at-salima-sugar-company-says-attorney-general","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/malawi\/all-news\/over-30-million-mismanaged-at-salima-sugar-company-says-attorney-general","title":{"rendered":"Over $30 million mismanaged at Salima Sugar Company, says Attorney General"},"content":{"rendered":"

Africa-Press – Malawi. <\/strong><\/span>Attorney General Thabo Chakaka-Nyirenda says over US$30 million (about K51 billion) has been misappropriated at Salima Sugar Company. This has been disclosed by the Attorney General during a press briefing at the Ministry of Justice office in Lilongwe.<\/p>\n

Chakaka said through an instituted inquiry into Salima Sugar Company it has been revealed that there has been rampant mismanagement and misuse of resources at the company.<\/p>\n

\u201cMalawi Government is currently repaying debts obtained by the company from various institutions without the board\u2019s approval or government advisory,\u201d said Chakaka-Nyirenda.<\/p>\n

He added that the law will take its course on everyone involved as the inquiry has also exposed the involvement of some company officials, civil servants as well as other government officials.<\/p>\n

\u201cAudit consults who were appointed as forensic auditors found that Salima Sugar Company Limited was dealing businesswise with related and suspicious companies incorporated in foreign countries, in particular India, United Arab Emirates \u2013 Free Zone Area, Seychelles, and South Africa.<\/p>\n

\u201cAdditionally, a senior officer incorporated Salima Sugar Company Limited in Dubai without the knowledge of the Malawi Government. A bank account in the name of Salima Sugar Company Limited was opened in Dubai,\u201d he explained.<\/p>\n

He indicated that government hasn\u2019t benefited from the forex revenue earned through the company\u2019s exports which he described as a set back to the country\u2019s economy.<\/p>\n

Chakaka-Nyirenda has, however, assured Malawians that his office is doing all it can to recover the money and make sure that the law takes it\u2019s course on those involved.<\/p>\n

For More News And Analysis About Malawi<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Malawi. Attorney General Thabo Chakaka-Nyirenda says over US$30 million (about K51 billion) has been misappropriated at Salima Sugar Company. This has been disclosed by the Attorney General during a press briefing at the Ministry of Justice office in Lilongwe. Chakaka said through an instituted inquiry into Salima Sugar Company it has been revealed […]<\/p>\n","protected":false},"author":84,"featured_media":57709,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,12],"tags":[233,371,234],"class_list":["post-57710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-policy","tag-africa-press","tag-africa-press-malawi","tag-malawi"],"yoast_head":"\nOver $30 million mismanaged at Salima Sugar Company, says Attorney General - Malawi<\/title>\n<meta name=\"description\" content=\"Attorney General Thabo Chakaka-Nyirenda says over US$30 million (about K51 billion) has been misappropriated at Salima S ...\" \/>\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\/over-30-million-mismanaged-at-salima-sugar-company-says-attorney-general\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Over $30 million mismanaged at Salima Sugar Company, says Attorney General\" \/>\n<meta property=\"og:description\" content=\"Attorney General Thabo Chakaka-Nyirenda says over US$30 million (about K51 billion) has been misappropriated at Salima S ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/malawi\/all-news\/over-30-million-mismanaged-at-salima-sugar-company-says-attorney-general\" \/>\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=\"2024-01-30T22:32:27+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-01-30T22:44:35+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1706641996.680194.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"479\" \/>\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=\"2 minutes\" \/>\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\/over-30-million-mismanaged-at-salima-sugar-company-says-attorney-general#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/over-30-million-mismanaged-at-salima-sugar-company-says-attorney-general\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Over $30 million mismanaged at Salima Sugar Company, says Attorney General\",\"datePublished\":\"2024-01-30T22:32:27+00:00\",\"dateModified\":\"2024-01-30T22:44:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/over-30-million-mismanaged-at-salima-sugar-company-says-attorney-general\"},\"wordCount\":275,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/over-30-million-mismanaged-at-salima-sugar-company-says-attorney-general#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/malawi\/sites\/36\/2024\/01\/sm_1706641996.680194.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Malawi\",\"Malawi\"],\"articleSection\":[\"all news\",\"policy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/malawi\/all-news\/over-30-million-mismanaged-at-salima-sugar-company-says-attorney-general#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/over-30-million-mismanaged-at-salima-sugar-company-says-attorney-general\",\"url\":\"https:\/\/www.africa-press.net\/malawi\/all-news\/over-30-million-mismanaged-at-salima-sugar-company-says-attorney-general\",\"name\":\"Over $30 million mismanaged at Salima Sugar Company, says Attorney General - 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