One More Charge on Zameer Karim by State
Business person, Zameer Karim and Ecobank Malawi head of domestic banking Victoria Chanza were back in court Friday.
The duo is accused of forgery and fraud over the alleged use of false documents to obtain a K150 million loan at Ecobank.
And on Friday the state paraded two more witnesses to testify before Chief Resident Magistrate Patrick Chirwa who is hearing the matter.
First to take to the witness box was Justice Nkhoma a retired police officer who was heading the Forensic Documents Examination Unit then before George Khuza, Head of Credit at Ecobank witnessed the matter.
Director of Public Prosecution Dr. Steve Kayuni says the six witnesses paraded this far have helped them build their case.
Dr. Kayuni further says they have amended the charge sheet based on evidence gathered this far.
“As a state, we have added money laundering on the charge sheet based on the evidence we have gathered this far,” said Kayuni.
Tamando Chokotho, representing Chanza says out of all witnesses paraded, his client has not been implicated, arguing that the banker was a victim of the purported fraud, not an accomplice.
“Witnesses paraded thus far have failed to prove that Chanza was an accomplice. We are wondering why our client is being dragged on the matter to this end,” said Chokhotho.
Particulars of the case indicate that Karim, in August 2015, using his companies—Oil and Protein Company Limited and Pioneer Investments—obtained a K150 million loan from Ecobank using forged documents with a promise to pay back the loan from proceeds of the police food ration deal but never did
Last modified on Friday, 17/09/2021