9 March 2022, Lilongwe
The Financial Intelligence Authority (FIA) has since July 2021 preserved K41,935,435.22 and motor vehicles belonging to various individuals. The properties, which relate to four cases, were preserved through orders granted by the courts. The FIA made the preservation applications in court after its financial analyses on particular transactions pointed to linkage to financial crimes.
The Preservation Orders obtained in court are as follows:
(a) Financial Intelligence Authority v Gregorio Elias Chiphambo and others obtained in October 2021 involving K9,557,979.15 and motor vehicles (Mazda Bongo minibus, Nissan Tiida Latio, Toyota Toyoace 3 tonner truck, and Volskwagen Polo);
(b) The Financial Intelligence Authority v Chimwemwe Alfred Dokiso Chirwa and others obtained in November 2021 involving K8,675,259.01;
(c) The Financial Intelligence Authority v Muhammed Imran Abdul Rashid and others obtained in December 2021 involving K11,353,516.03; and
(d) The Financial Intelligence Authority v Lefnos Omigo Chigamula obtained in February 2022 involving K12,348,681.
The Preservation Orders were made by the FIA under Section 65 of the Financial Crimes Act which empowers a competent authority to apply to the court for an order prohibiting any person, subject to the conditions and exceptions specified in the order, from dealing in any manner with any realizable or tainted property.
All Preservation Orders obtained in court can be accessed under Publications section of the FIA website.