High Court sustains forfeiture of over K120m funds for Sukali’s Ideal Stationery
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The High Court in Lilongwe has ruled that K120,917,295.60 that the Financial Intelligence Authority (FIA) ordered National Bank of Malawi to freeze an account of Lucy Rachael Sukali (trading as Ideal Stationery) be maintained and that the forfeited funds shouHigh Court sustains forfeiture of over K120m funds for Sukali’s Ideal Stationery
The High Court in Lilongwe has ruled that K120,917,295.60 that the Financial Intelligence Authority (FIA) ordered National Bank of Malawi to freeze an account of Lucy Rachael Sukali (trading as Ideal Stationery) be maintained and that the forfeited funds should be put in the Confiscation Fund. Judge Charles Mkandawire ruled this forfeiture in pursuant to […] The post High Court sustains forfeiture of over K120m funds for Sukali's Ideal Stationery first appeared on Malawi Nyasa Times - News from Malawi about Malawi. Read more