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Malawi Savings Bank CEO says he received ‘political pressure’ to give loans

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The Malawi Saving Bank (MSB) Chief Executive Officer Ian Bonongwe has made a scathing revelations which conclude that the wholly-owned state bank was being forced by the Democratic Progressive Party (DPP) administratiobn to release the loans now turned “toxic” to politically connected politicians. Speaking during Times TV interview on Saturday June 20, 2015, Bonongwe admitted...

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