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Post a Comment. The Blantyre magistrate court has ordered a Chinese national who was earlier convicted after pleading guilty on money laundering counts to pay a fine of half million Kwacha or in default serve a prison sentence of three months with hard labor. And in passing his 30 minute sentence, Magistrate Mzondi Mvula observed that the trial borders on technical law infringement and that the state did not give strong grounds regarding why the convict should be handed a custodial sentence. He further added that it had become apparently known that the money in question belongs to the accused. On state prosecutors plea to have the money forfeited, Mvula said doing so would scare away investors as they would not be interested in investing in the country for fear of having their money snatched by the authorities. Earlier in the morning, the Chinese admitted to the money laundering charges which the police had slapped him with. However, through lawyer Ralph Kasambara he told Senior Resident Magistrate Mvula that he came with the money from China and wanted to do investments in Malawi but he changed his mind after realizing that materials he were looking for are far much expensive here in Malawi than in his native country.

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This incident occurred early in the morning on Thursday. However, the cause of death is unknown yet. Although it is announcing that he was ill from last days and stick to the bed. But he could not get rid … Read more. Due to the corona virus, fifty-six individuals died in twenty-four hours.

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This incident occurred early in the morning on Thursday. However, the cause of death is unknown yet. Although it is announcing that he was ill from last days and stick to the bed. But he could not get rid … Read more. Due to the corona virus, fifty-six individuals died in twenty-four hours.

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This message contains confidential information. Meanwhile Malawi is operating without forex bureaus following an order by the Reserve Bank to shut all of them down. Back Login. Kunena Menu. Kunena div. Trade currencies at your convenience Free forex training U. Thank u soo much ! Savvy trader in the making How to avoid troubles in long term and short term But your worship it has to be understood here that I brought the money with me from China and I was foolish enough not to understand the laws of Malawi on foreign money transactions. Exchange traded currency futures — Transparency, a

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Start Prev 1 Next End 1. This forced Mvula to lash out at the state prosecution for the missing money. Kunena version detailed: Kunena 3. Powered by Kunena Forum. Topics that are moved into this category are generally considered to be closed. Board Categories Kunena - To Speak! Savvy trader in the making How to avoid troubles in long term and short term Bank of America hires 2 to head forex options unit Zuari Forex to consider financial results on Aug Back Templates Plugins Subscription page. How does forex trading work? Database collation check: The collation of your table fields are correct. This version addresses most of the issues that were discovered in K 6. Newer Post Older Post Home. Please Log in or Create an account to join the conversation. Warning: Spoiler!