Chitipa Police Spokesperson Gladwell Simwaka said the two were found splashing money on April 4 at around 21:00 hours at Vilishala pub at the trading centre.
Simwaka said police arrested the two following a tip off from well-wishers on the suspects’ behavior.
“Police followed up the tip that some people were boasting of huge sums of money in K2,000.00 bank notes at a local beer drinking joint so we launched investigations which led to the arrest of the two,” said Simwaka.
He said Mtambo and Sikwese were found in possession of K2, 000 notes amounting to K82, 000 which had similar serial numbers as; AD0348543 (24 notes), AD0348554 (11 notes) and AD0348558(6 notes).
Simwaka said that further investigations are underway to establish the source of the fake money.
The suspects are expected to appear in court soon to answer charges of being found in possession of fake currency which is contrary to Section 382 of the Penal Code.
Mtambo is from Mwenefuvya village while Sikwese hails from Siyombwe village, both in the area of Traditional Authority Mwaulambia in Chitipa.