Former Salima Sugar Board Chairperson Shineesh Belgirl arrested
Malawi Police on Wednesday arrested former Salima Sugar Company Board Chairperson Shireesh Betgiri for various charges leveled against him from 2019 to 2023.
Malawi Police on Wednesday arrested former Salima Sugar Company Board Chairperson Shireesh Betgiri for various charges leveled against him from 2019 to 2023.
Politics, education, health, and more—get the latest news that matters most to you.
protected by reCAPTCHA
Advertisement
Sources close to the investigations reveals that Betgiri has been charged with four counts which include fraud other than false pretence, obtaining execution of security by false pretence, fraudulently disposing of trustees property and money laundering.
According to the sources the suspect between the year 2019 and 2023 opened another Salima Company in Dubai and obtained a loan amounting to $300Million which is almost K300Billion Malawi currency.
Advertisement
The suspect is due to appear before court anytime sooner.
In April this year Government fired Salima Board shareholders who are also directors of Aum Sugar Allied Ltd and in Aum Shirieesh Betgiri and Bruhat Betgiri and replaced them with other experienced personnel.
Former Board of Directors for Salima Sugar through their lawyer Wapona Kita obtained an injuntion against their dismissal from their board member positions.
Advertisement
However recently the Commercial Division in the High Court of Malawi removed an injunction which Mother’s Dairy and Energy Farms Limited against AUM Sugar and Allied Limited alongside Prashant Sharma for removing representative in the board of directors for Salima Sugar Company Limited.
To provide the best experiences, we and our partners use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us and our partners to process personal data such as browsing behavior or unique IDs on this site and show (non-) personalized ads. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Click below to consent to the above or make granular choices. Your choices will be applied to this site only. You can change your settings at any time, including withdrawing your consent, by using the toggles on the Cookie Policy, or by clicking on the manage consent button at the bottom of the screen.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.