Investigations for the food ration procurement case just got real as the Anti Corruption Bureau (ACB) has confirmed arresting the Chief Executive Officer for CDH Investment Bank, undercharges of conspiracy and money laundering.

An ACB report that was supposedly leaked, reported that  Malawi Police Service (MPS) procured 500,000 food ration packs from Pioneer Investment, at a price of K2.3 bn. Six days after the contract was signed, Pioneer Investment asked for upward adjustment of the contract from K2.3 bn to K2.79 bn with the difference being K466 million, which was fraudulently approved by MPS Director of Finance Mr G.I Bottoman.

Mr Bottoman and Zameer Karim (Pioneer Investment owner)  made an undertaking to CDH that MPS will remit K2,125,000,000 to the bank to enable Pioneer Investment to obtain a loan from the said bank to finance ration pack contract, of which the CEO of CDH is under arrest for.