UAE: Malawi watchdog pursues explanation for Rak Gas payment


Issue 1021 - 26 Aug 2016 | 1 minute read

Malawian extractive industries watchdog Natural Resources Justice Network (NRJN) has raised concerns about a $235,700 payment made by the UAE-based Rak Gas to the government of the southern African state’s disgraced former president Joyce Banda. The payment, to the Reserve Bank of Malawi’s mines department, was made just weeks before elections in 2014 that removed Banda from power. Her government presided over ‘cashgate’, the biggest financial scandal in Malawi’s history.According to South Africa’s amaBhungane Centre for Investigative Journalism (previously affiliated with the Johannesburg weekly Mail & Guardian), the money was deposited at a time when all licences were meant to be suspended due to suspected irregularities.

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