By Chisomo Phiri
The High Court of Malawi, Commercial Division,on Thursday ruled in favor of Executive Director(ED) of Salima Sugar Company Limited(SSCL),Wester Kosamu, stating that the defendants, who claimed to be the board of directors, have no authority to remove him from his position.
Justice Masauko Msungama said that only the company’s shareholders have the power to remove Kosamu, and they must act through a simple majority resolution.
The court also nullified the resolution to remove Kosamu and the appointment of new signatories to the company’s bank accounts.
Commenting on the court’s decision,Kosamu expressed his relief, saying:”Sometimes justice must not just be done, but be seen to be done.”
The ruling comes after Kosamu obtained a court injunction in December last year, restraining the board from firing him.
He is accused of mismanaging K51 billion at SSCL.
 of Salima Sugar Company Limited(SSCL),Wester Kosamu, stating that the defendants, who claimed to…){kind=link}