PLEADS GUILTY TO LAUNDERING K4.2bn, CASHGATE
Malawi - 16 June 2015. Business person and former People's Party senior member Oswald Lutepo has been convicted on his own plea of guilty on charges of money laundering and conspiracy to defraud government of K4.2 Bn between April and September 2013.
Following his plea in High Court in Zomba yesterday, Lutepo becomes the seventh person to be convicted on Cashgate-related charges since arrests began in 2013.
His lawyer, Oswald mtupila and Ministry of Justice and Constitutional Affairs spokesperson Apoche Itimu confirmed the development in seperate interviews yesterday. Mtupila said his client decided to plead guilty to save the court's time and resources at the commencement of the trial. Said Mtupila "It is true that he [Lutepo] has pleaded guilty to the charges levelled against him.
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