{"id":32658,"date":"2026-04-21T20:57:08","date_gmt":"2026-04-21T18:57:08","guid":{"rendered":"https:\/\/www.channelafrica.co.za\/channelafrica\/?post_type=news&#038;p=32658"},"modified":"2026-04-21T20:57:08","modified_gmt":"2026-04-21T18:57:08","slug":"malawi-launches-probe-into-7-million-pension-funds-used-for-hotel-purchase","status":"publish","type":"news","link":"https:\/\/www.channelafrica.co.za\/channelafrica\/news\/malawi-launches-probe-into-7-million-pension-funds-used-for-hotel-purchase\/","title":{"rendered":"Malawi launches probe into $7 Million pension funds used for hotel purchase"},"content":{"rendered":"<div>Parliament in Malawi has launched an investigation into unlawful use of close to $7 million of Public Service Pension Trust Funds for the \u00a0purchase of Blantyre&#8217;s Amaryllis Hotel in November last year.<\/div>\n<div><\/div>\n<div>The saga implicating President Peter Mutharika is seen as a major corruption scandal just months into his second term.<\/div>\n<div><\/div>\n<div>Parliament&#8217;s probe follows independent assessors report that valued the property at only about $2.4 million.<\/div>\n<div><\/div>\n<div>The deal has especially outraged Malawians because it appears that about $4.2million of pensioners savings have disappeared.<\/div>\n<div><\/div>\n<div>Consultant at the Institue of Security Studies, ISS in Pretoria South Africa, Peter Fabricius sheds some light.<\/div>\n<div>&#8220;The accusations were not actually directed at him but there were questions raised like why did he not do anything about. \u00a0Why did he not set up a commission of Inquiry as he had promised during his elections trail. \u00a0So parliament has taken it upon themselves to investigate.&#8221;<\/div>\n<div><\/div>\n<div>&#8211;ChannelAfrica&#8211;<\/div>\n","protected":false},"featured_media":32660,"template":"","meta":{"_acf_changed":false},"news-type":[78,26],"class_list":["post-32658","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-featured","news-type-general_news","entry"],"acf":{"short_description":"The saga implicating President Peter Mutharika is seen as a major corruption scandal just months into his second term. \u00a0","published_date":"","news_description":"The saga implicating President Peter Mutharika is seen as a major corruption scandal just months into his second term. \u00a0","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/32658","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":1,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/32658\/revisions"}],"predecessor-version":[{"id":32661,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/32658\/revisions\/32661"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/32660"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=32658"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=32658"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}