Senior resident magistrate Florence Msekandiana has granted bail to businessperson Shafee Ahmed Chunara.
Chunara was arrested on Monday in connection with the importation of Cement worth K5 billion (about $7 million) duty free using former president Peter Mutharika’s tax-free status.
The court has since charged him with two counts of Fraud and Money Laundering.
He has been given a K10 million bail bond and on condition that he surrenders two sureties worth K50 million each.
