Former Chairman of the National Provident Fund (now NASFUND) Jimmy Maladina has been cleared of conspiracy and misappropriating K2.65 million.
A three-man Supreme Court Bench this morning found that the trial judge made an error in his decision when he made adverse findings against the accused.
Justices Les Gavara Nanu, Don Sawong and Terrence Higgins found that the trial judge misdirected himself on law and misapplied principles of law when he found Maladina guilty of conspiring to defraud NPF and misappropriating K2.65m.
This is the decision of Maladina's appeal against his conviction from last year.
The court allowed his appeal quashing his conviction.
His bail of K10, 000 will be refunded to him.
More detailed report of decision to come later.
Caption: File picture.