Four arrested for damaging currency

Written by 

Police in the central region on Saturday arrested four men for willfully and unlawfully damaging Malawi banknotes.

13
November


The four have been identified as Fabiano Kachepa aged 30 years, from Kalembo village T/A Kalembo, district Balaka; Lumbani Nyasulu aged 36 from Uliba village T/A Wansambo, Karonga district; Dastain Maluwaya aged 63 years and Makalani Elisa, 25 years, both from Tandwe village T/A Malenga Ntchisi district.


The suspects were attending a wedding ceremony at Maziko Garden within Area 47.


They were seen dancing and stepping on banknotes, and damage the notes in the process. The police who were strategically present at the place arrested the four instantly, and charged them in line with Section 23(2) (c) of the Reserve Bank Act which prohibits any person from willfully defacing, soiling or damaging bank currency.


This follows an outcry from the Reserve Bank of Malawi (RBM) Governor Dalitso Kabambe that the central bank  was wasting about Mk13.5 billion annually in replacing the damaged banknotes.


This year alone, RBM has already spent Mk10billion in replacing banknotes, according to Kabambe.


Meanwhile, the suspects are on police bail, and they will be taken to court once the preparations are completed.

Get Your Newsletter