ACB now has no excuses in finance and economic crimes-Economist


Malawi University of Business and Applied Sciences (MUBAS) economist, Betchani Tchereni has said Anti Corruption Bureau (ACB) has no excuses following the appointment of judges to the newly-minted Financial and Economic Crimes division of the High Court.

Chief Justice Rezine Mzikamanda appointed three learned judges; Justice Redson Kapindu as Judge-in-Charge as well as High Court judges Violet Chipao and Anneline Kanthambi.

Tchereni said proponents of the court like him had hoped its establishment would expedite cases and it has come to fruition.

"All things being equal, ACB shouldn't have any excuses.

"We must ensure that the statistics for successful prosecutions are clearly on the public side."

Tchereni expressed optimism saying this is the route to get to triumph on the governance index.

He added this will also help attract more investors, development partners and of course the dreaded International Monetary Fund (IMF).

"We cried for it, we hoped and created much hope that with its establishment financial crimes related cases can be expedited."

Tchereni did however mention the division should not be frustrated.

"We welcome it and hope that our confidence in the judiciary will not be quickly frustrated."

Minister of Justice, Titus Mvalo said Mvalo said courts are overwhelmed with different hearings apart from corruption cases which result in cases taking too long to conclude.

Mvalo explained the financial and economic division will concentrate on that bring effectiveness in handling the cases.