The Court in Lilongwe has granted bail to four FISD Limited Company directors.
The four namely;40-year-old Moses Chirambo, FISD executive director Frank Mwenechanya aged 40, Kondwani Namchukwa aged 40 and 35-year-old Aurther Mpama were arrested on Wednesday by the police in Lilongwe.
The four are accused of misappropriating government funds.
The arrest of the four comes as FISD is demanding K2.4 billion from government over termination of a contract.
