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Malawi24

Malawi24Sep 4, 2026

PCL ordered to pay billions over PTC collapse

Press Corporation PLC (PCL) has been hit with a multibillion-kwacha bill over the collapse of its former retail giant, Peoples Trading Centre (PTC).The Court has ordered PCL to pay K7.07 billion to the liquidator of PTC, after finding that the conglomerate allowed its wholly owned subsidiary to continue operating and accumulating debts despite being aware...

CrimeHigh Court

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