LILONGWE (Malawi NewsNow)-Business woman, Caroline Savala, convicted of cashgate activites as she was found guilty of theft and money laundering amounting to K84 million did not show remorse hence sentenced seven year imprisonment for money laundering and three years for theft, Judge Fiona Mwale said.
The sentences will run concurrently.
Prosecutors requested the harshest sentence available – imprisonment for 11 years for money laundering – in part, they claimed, because Savala demonstrated “ lack of remorse” by pleading innocence.
Judge Mwale dismissed defense counsel’s mitigation plea that Savala was cooperative , saying that is not the case because she wasted court’s time by not pleading quity.
Mwale who described Savala as lacking integrity, said she deserved a maximum sentence.
“She was not cooperative; at times she refused to answer questions during cross examination for fear of implicating herself. She knew that the proceeds which were gotten were obtained from fraudulent means. In fact this case was technical and she was liable to receiving the maximum sentence,” Mwale said.
In sentencing Savala, Judge Mwale said she considered the impact cashgate has brought to the country and the economy.
Cashgate led to donor freeze among other things.