Friday, August 12, 2022
  • About Us
  • ImagiNATION
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home News National News

State to examine Lutepo property assessor

by Lucky Mkandawire
10/08/2015
in National News
1 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

 

The Malawi Government says it will carefully scrutinise names of property valuers to be hired to re-evaluate assets Cashgate convict Oswald Lutepo intends to surrender to the State.

In an interview on Sunday, deputy director general of the Anti-Corruption Bureau (ACB), Reyneck Matemba, who is representing the State alongside the Director of Public Prosecutions (DPP) Mary Kachale, advised the defence to propose names that would not create suspicion if the process is to speed up.

Convict Lutepo being carried down the stairs after adjournment
Convict Lutepo being carried down the stairs after adjournment

He said: “There is a list of recognised valuers…”

Lutepo wants to restitute his Woget Industries Limited in Blantyre before the High Court in Zomba starts hearing his sentence submissions on August 31 2015.

However, the property is a subject of dispute following variations in valuations conducted separately by the defence and the State in 2013 and 2015 respectively.

While the defence claims the company was valued at K1.427 billion ($2.7 million) two years ago, government assessors put the property, which the State had initially targeted to confiscate, at K293 million.

On Friday, the High Court in Zomba adjourned hearing of the case to August 31 2015 to give time to the two parties to resolve the disparities on the actual value of the assets.

Lutepo was convicted on his own plea of guilty on charges of conspiracy to defraud government and money laundering K4.2 billion between April and October 2013.

 

Previous Post

Malawi finalises TV white spaces pilot phase

Next Post

Harry Mkandawire steals show at Soldier’s album launch

Related Posts

He was given 21 days to respond: Mutharika
National News

No DPP candidate endorsements from us—APM

August 12, 2022
Chakwera withheld delegated duties from Chilima
Front Page

Did ACB, LMC rush? 

August 12, 2022
National News

Minister allays Shoprite exit fears

August 12, 2022
Next Post
Lucius (L) admires Mkandawire’s dancing skillsto

Harry Mkandawire steals show at Soldier’s album launch

Opinions and Columns

Bottom Up

Mindset change should target Indian-Malawians

August 12, 2022
My Turn

Legalise cannabis for poor farmers

August 12, 2022
Editor's Note

Govt set to develop Whistleblower Protection Act

August 11, 2022
Business Unpacked

How government is killing parastatals softly

August 11, 2022

Malawi-Music.com Top10

Trending Stories

  • K1bn organic fertiliser plant rolls into action

    0 shares
    Share 0 Tweet 0
  • Did ACB, LMC rush? 

    0 shares
    Share 0 Tweet 0
  • Anti-judge vibe worries judiciary

    0 shares
    Share 0 Tweet 0
  • How government is killing parastatals softly

    0 shares
    Share 0 Tweet 0
  • ACB clarifies Buluma’s absence for trial

    0 shares
    Share 0 Tweet 0

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.