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NBS Bank Financial Controller arrested over money laundering, theft by servant offences

 
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NBS Bank Financial Controller arrested over money laundering, theft by servant offences
by Kudzai Chinoda - Thursday, 7 September 2017, 11:24 AM
 

Nyasa Times Reporter

The Fiscal Police in Blantyre have arrested NBS Bank’s Financial Controller, identified as Matthias Sulumba, for money laundering and theft by servant charges.

Sulumbu, who hails from Magulugulu village in Karonga district and stationed at the bank’s head office at Ginnery Corner in the commercial city, was arrested on Tuesday.

He spent a night in the cooler at Blantyre Police Station, according to Isaac Norman, one of the senior officers at the Fiscal Police.

Sulumbu is suspected to have stolen K55 million from the FDH Bank where he was working before he joined NBS bank.

In an interview monitored on public broadcaster, MBC, Norman said it is unfortunate that money laundering and related cases are being perpetrated by educated people.

He said Sulumbu will face charges bordering on money laundering, theft by servant and fraudulently false accounting.

“He has just been arrested and we hope within the 48 hours as prescribed by the laws of Malawi he will appear before the court.

“Cases of fraud are increasing in Malawi and unfortunately the ones perpetrating fraud are people who have gone to school and it is really affecting the economy of Malawi.

“For example, Sulumbu is a qualified accountant and he was taking money from the FDH Bank’ corporation account transfering it to his personal saving account. It’s really worrisome situation because as stewards he was supposed to take good care of the money of the bank,” asserted Norman.


Read More: https://www.nyasatimes.com/nbs-bank-financial-controller-arrested-money-laundering-theft-servant-offences/

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