WIRE — Six investors have dragged the Reserve Bank of Malawi (RBM) and Registrar of Financial Institutions to court, accusing the regulators of failing to properly supervise Alliance Capital Limited. The investors describe the Registrar's inactions as a lapse they say led to the loss of more than K2.2 billion invested in the now- Diana Koreia-Mpatsa, Donald Herrings Mphande, Chandrakant Makadia, Weston Chiwanda and Charles Yamikani Nseula—filed the claim in the High Court Commercial Division in Blantyre under Commercial Cause Number 55 of 2023. Read more click:- https://times.mw/etimes/
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