Nyasa Cigarette Shareholder under probe

….stake raises questions 

Part owner of cigarette maker Nyasa Manufacturing Company is under investigation in South Africa for money laundering and a litany of financial crimes, Al Jazeera investigations has revealed.

The Investigator Magazine has tried to solicit a comment from Mr Bulter and Fleetwood Haiya from the Nyasa Manufacturing company. We have not been successful as our messages have not been responded to.

Nyasa Manufacturing Company announced in October 2018 that its 50 percent stake was acquired by Simon Rudland, the owner of Gold Leaf Tobacco.

Gold Leaf was named in a four part series of Al Jazeera investigations as one of key players in gold smuggling deals from Zimbabwe.

Al Jazeera says the company is under investigation in South Africa for money laundering and possible ties with Gupta Family which fleeced South Africa over US$240 million.

Prophet Ubert Angel who is a close associate and spiritual father of Prophet Shepered Bushiri was also captured by the Al Jazeera under cover team boasting of his connection to the Zimbabwe ruling class including making a direct call to First Lady Mrs Munangagwa.

The Zimbabwe Government reacted angrily to the massive allegations and has since stripped the Ubert Angel of his Honorary Ambassadorship.

The revelations raises questions if the funds used to acquire Nyasa Manufacturing Company were not part of the dirty money laundering scheme.

The Investigator Magazine has asked for a comment from Financial Intelligence Unit, Anti- Corruption Bureau and Competition and Fair Trading Commission whether due diligence was done on the new investors.

If Rudland is found guilty in South Africa, it would be interesting how this could affect his business in Malawi.

We will update the story when we recieve feedback.

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