Malawi: Critics Demand Action As Pressure Mounts On Peter Mutharika Over Amaryllis Hotel Deal
The K128.7 billion deal is under scrutiny for inflated valuation and governance failures, with the July 2023 appraisal valuing the hotel at K47 billion, PAC says.
7 Articles
7 Articles
Malawi: Critics Demand Action As Pressure Mounts On Peter Mutharika Over Amaryllis Hotel Deal
Critics are piling pressure on President Peter Mutharika to move beyond assurances and take decisive action over the controversial purchase of Amaryllis Hotel, warning that failure to act will reinforce public distrust in the fight against corruption.
AG denies authorising hotel deal
By Pemphero Malimba: Attorney General Frank Mbeta Tuesday denied authorising the purchase of the Amaryllis Hotel by the Public Service Pension Trust Fund (PSPTF). Mbeta was speaking during his appearance before Parliament’s Public Accounts Committee (Pac) at the Parliament building in Lilongwe, as part of the ongoing public inquiry into the transaction. Mbeta said reports presented to him by the Reserve Bank of Malawi (RBM) and the Anti-Corrupti…
Attorney General Distances Office from Controversial Hotel Purchase
By Suleman Chitera Attorney General Frank Mbeta has told Parliament’s Public Accounts Committee (PAC) that his office had no legal mandate over the controversial purchase of a hotel by a public pension fund, insisting the institution operates independently as a trust. Appearing before the committee, Mbeta clarified that the fund in question is not a parastatal body but a trust established by deed, with its own governance structure and decision-m…
Mbeta to Face PAC Over Controversial Amaryllis Hotel Purchase
Attorney General Frank Mbeta is expected to appear before the Public Accounts Committee today to answer questions regarding the purchase of the Amaryllis Hotel. This comes as the committee continues to investigate the circumstances surrounding the acquisition of the hotel for 128 billion kwacha using funds belonging to retired civil servants. Mberta has failed to appear before the committee on two previous occasions, citing other pressing commit…
Critics dare APM on Hotel purchase saga
A week ago, President Peter Mutharika said he is following with keen interest Parliament’s inquiry into the controversial purchase of Amaryllis Hotel by the Public Service Pension Trust Fund. In his statement, he said he would not shield any corrupt public official, throwing his weight behind Parliament’s Public Accounts Committee (PAC) probe. It’s purchase at the centre of controversy: Amaryllis Hotel. l Nation “The fact that this inquiry is ta…
Amaryllis Hotel saga deepens as Jimu implicates Zamba | Malawi 24 | Latest News from Malawi
Suspended Principal Officer of the Public Service Pension Trust Fund (PSPTF), George Jimu, has told Parliament that the fund was subjected to undue influence from senior government officials, including former Secretary to the President and Cabinet, Colleen Zamba, and Director of Legal Services, Chizaso Nyirongo, despite the absence of a legally constituted board. Appearing before […] The post Amaryllis Hotel saga deepens as Jimu implicates Zamba…
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