AmaBhungane: Politically connected brothers, scandal, toxic loans – Malawi edition | Daily Maverick: "Sterling Timber received a 1.4-billion kwacha (R58-million) loan from Malawi Savings Bank (MSB) in 2011 to set up a timber processing plant, which it never built.
The Centre for Investigative Journalism Malawi has now been reliably informed that the treasury paid its debt to MSB – which allegedly still stood at R58-million – when the bank was sold to a private company last year."
'via Blog this'
No comments:
Post a Comment