FDH Bank vacates court injunction on HRDC

Written by  MBC Online

FDH Bank, one of the leading commercial banks in the country,  has withdrawn a court injunction taken against the Human Rights Defenders Coalition (HRDC) which restrained the group from involving the bank in local politics.

16
July


In a published statement, the Bank said the injunction has been withdrawn after a "frank and cordial discussion with HRDC leadership" on the matter.


“The bank wishes to clarify that the injunction was not meant to stop HRDC from organising demonstrations on governance issues in the country,” the Bank said in the statement.


“We therefore wish to advise the public that FDH Bank remains committed to serving Malawians professionally adhering to rules set by the regulator of financial institutions in the country, the Reserve Bank of Malawi (RBM).” 


In an interview wih a local newspaper on Tuesday, lawyer representing the HRDC, Wesley Mwafulirwa, said the two parties had discussions at the weekend and agreed that the injunction woujld be withdrawn.


He said: “I can confirm that that we had discussions which led to the conclusion that FDH should withdraw the injunction and they have done that. Let me also mention that we have signed a consent order affecting the same.”


Blantyre based lawyer Chancy Gondwe represented FDH Bank during the discussion.


FDH Bank obtained the injunction last week which stopped HRDC from making public a report dated 5th July 2019 which among other things alleged that the bank financed the rigging of the May 2019 elections.

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