NBM, FCB, and Mukuru at the Heart of a Chinese-Backed Multi-Billion Kwacha Heist Robbing Malawi of Forex
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National Bank of Malawi (NBM), First Capital Bank (FCB), and Mukuru are at the center of a multi-billion Kwacha scheme that has siphoned Malawi’s foreign currency into the pockets of Chinese nationals, their local proxies, and shadowy crypto networks—leav
NBM, FCB, and Mukuru at the Heart of a Chinese-Backed Multi-Billion Kwacha Heist Robbing Malawi of Forex
National Bank of Malawi (NBM), First Capital Bank (FCB), and Mukuru are at the center of a multi-billion Kwacha scheme that has siphoned Malawi’s foreign currency into the pockets of Chinese nationals, their local proxies, and shadowy crypto networks—leaving the country’s economy gasping for dollars. Investigations, done the Platform of Investigative Journalists (PIJ), reveal that […] The post NBM, FCB, and Mukuru at the Heart of a Chinese-Backed Multi-Billion Kwacha Heist Robbing Malawi of Forex appeared first on Malawi Nyasa Times - News from Malawi about Malawi. Read more
