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Freezing of Karim Acc. Intact -YAS Lawyers

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Mbvundula: The accounts remain frozen- Mbvundula: The accounts remain frozen- Zodiak

Lawyers representing the Youth and Society (YAS) say a bank account in which Zameer Karim of the controversial Pioneer Investment is alleged to have drawn money with the court’s approval in Lilongwe is not the same account which the organisation asked the courts to freeze.

Lozindaba Mbvundula, a lawyer with Ritz Attorneys at Law told Zodiak in Blantyre on Monday that the account which YAS obtained a court order on was the one the business person holds with National Bank.

She said the account Karim is alleged to have had access to was an FMB account, one which the Financial Intelligence Unit (FIU) sought a freeze order on after the K145 million scandal broke out.

Local media reports indicated that Judge Kenan Manda of the High Court Commercial Division of Lilongwe gave the order to unfreeze the FMB account effectively granting the businessperson access to it.

The move was allegedly done before state agencies — the Anti-Corruption Bureau (ACB) and the Financial Intelligence Authority (FIA)—could be notified of the new order.

“There were two freezing injunctions that were obtained - one by YAS freezing Zameer Karim’s National Bank account as well as DPP’s account. The account that was opened by Justice Manda was frozen by the FIU after they heard about this case so they also obtained a freezing injunction but then Mr Karim went and discharged that action,” she said.

Mbvundula said the National Bank Account remains frozen until the Supreme Court determines the matter.

"As of now the bank accounts are still frozen as of date and will remain frozen until the ruling is granted," she said.

Meanwhile, the Supreme Court has shelved its ruling to 14th September on whether it should hear the case in which YAS is demanding justice on the circumstances which led to the K145 million scam.

The court will also on the same day deliver its verdict on whether or not to unfreeze Karim’s and DPP accounts.

In closed chambers on Monday, lawyers representing Karim and DPP argued before Judge Renzine Mzikamanda the matter should not go to the Supreme Court as there no prospects of success arguing it was already settled after the High Court ruled YAS had no ground to sue.

YAS lawyers maintain their clients have a case arguing that their matter is not abuse of the court process as alleged by the DPP and others.

The case stems from the move by Karim, who was given a contract to supply food rations to the police, to donate money to the ruling DPP. The party returned the money.

 

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