The Anti-Corruption Bureau – ACB has commenced investigations into the K30 billion Kwacha AIP fertilizer funds.
Martha Chizuma, ACB Director has told a joint Parliamentary Committee inquiring into the matter, that her office has set up two teams to investigate the matter.
According to Chizuma, the Bureau will investigate the 30 billion Kwacha AIP funds including the Paramount holdings fertilizer deal.
Chizuma says, they are hoping to conclude investigations into the matter by January next year.
Earlier, Chizuma told the Committee that ACB did not vet the Barkaat Food Company fertilizer contract as it was never submitted to her office.
Barkaat Food Company, a UK based company duped Malawi K750 million according to a statement released by the former Principal Secretary for Ministry of Agriculture Sandram Maweru.