Parliament in Malawi has launched an investigation into unlawful use of close to $7 million of Public Service Pension Trust Funds for the purchase of Blantyre’s Amaryllis Hotel in November last year.
The saga implicating President Peter Mutharika is seen as a major corruption scandal just months into his second term.
Parliament’s probe follows independent assessors report that valued the property at only about $2.4 million.
The deal has especially outraged Malawians because it appears that about $4.2million of pensioners savings have disappeared.
Consultant at the Institue of Security Studies, ISS in Pretoria South Africa, Peter Fabricius sheds some light.
“The accusations were not actually directed at him but there were questions raised like why did he not do anything about. Why did he not set up a commission of Inquiry as he had promised during his elections trail. So parliament has taken it upon themselves to investigate.”
–ChannelAfrica–
