April 11, 2019 – WASHINGTON DC – 2019 World Bank/ IMF Spring Meetings. Building Human Capital in Africa: The Future of a Generation. His Majesty King Letsie III King of the Kingdom of Lesotho; Emtithal Mahmoud Spoken-word poet and UNHCR Goodwill ambassador; Paula Ingabire Minister of ICT, Rwanda; Ruth Kagia Deputy Chief of Staff, Office of the President of Kenya; Dalitso Kabambe Governor for the Reserve Bank of Malawi; Hafez Ghanem Vice President, Africa; Aïchatou Boulama Kané Minister of Planning, Niger; DJ Switch (Erica Armah-Bra Bulu Tandoh) Musician, Poet, Dancer, Motivational Speaker, Actress; Julie Gathoni Sumira Gichuru Entrepreneur; Wawira Njiru Founder of Food 4 Education. Photo: World Bank / Ian Foulk

LILONGWE, June 29 (Reuters) – The former governor of the Reserve Bank of Malawi, Dalitso Kabambe, and three other former senior officials have been charged with four counts of financial impropriety, including money laundering, at a magistrates’ court in Lilongwe.

The charges on Tuesday follow his arrest on Monday and come in the wake of a forensic audit by Deloitte which showed the central bank made several irregular payments to companies linked to the former ruling Democratic Progressive Party, including to a local bank listed on the Malawi Stock Exchange.

Kabambe, who has denied any wrongdoing, has not yet entered a plea.

After being replaced at the central bank by the new president last year, he joined the Democratic Progressive Party and is seen as running for the party leadership before the next national election in 2025.

An economist, Kabambe held several senior government positions, including secretary to the Treasury before his appointment to the central bank.

He remains in custody after a ruling on his bail application was postponed to Wednesday.

(Reporting by Frank Phiri; Editing by Alison Williams)

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