By Chisomo Phiri
Malawi Police in Lilongwe have on Wednesday arrested former chairperson for Salima Sugar Company, Sherieesh Bitgiri over four counts of Trustees fraudulent disposing of trust property, money laundering, fraud and execution of a security by false pretences.
National Police Spokesperson Peter Kalaya confirmed Bitgiri’s arrest with local media.
According to Kalaya, police also established that Bitgiri also registered another company by the name Salima Sugar in Dubai.
While in Dubai, he also obtained a $300 million loan using the name Salima Sugar without involvement of all the trustees of Salima Sugar.
He said Bitgiri is also involved in criminal money.
Bitgiri is currently being kept at Lumbadzi police station and expected to be taken to court today.