Bingu WA Mutharika
Late Bingu WA Mutharika

BLANTYRE-(MaraviPost)–Public Accounts Committee (PAC) of Malawi Parliament has said it will start investigating Bingu wa Mutharika’s wealth of at least K61 billion, alleged to be stashed in offshore accounts, next week.

There have allegations made by opposition members who ordered that funds stashed in offshore accounts belonging to the ex-president – part of it was illegally obtained – and should be brought back and utilised towards recovering the country’s ailing economy.

Speaking in an interview with ZBS on Wednesday, Committee vice-chairperson of PAC Kamlepo Kalua said his body would start summoning the Financial Intelligence Unit (FIU), Anti-Corruption Bureau (ACB) and Reserve Bank of Malawi (RBM) starting from next week.

“We are talking about Anti-Corruption Bureau (ACB) Director, we are talking about the governor Reserve Bank of Malawi, we are talking about the Human Rights Commission of Malawi, we are talking about the director of Financial Intelligence Unit, awe are talking about the director of Ombudsman. These are the people who can assist to move forward in investigating the unexplained wealth of the late president Bingu Wa Mutharika,” said Kalua.

Kalua also said that the meeting is subject to funding from parliament.

“It’s up to the speaker to tell us when we can meet but we are ready to meet next week as scheduled. But the speaker has a final say. So we are waiting for him if he may be commited to provide enough money from the parliament.
“But we are for it. By next week we can be meeting. We should be meeting in Lilongwe so that we deal with this issue once and for all,” he said.

He said the committee wants the three institutions to testify and provide information pertaining to transactions that allegedly took place under their noses between 2004 and 2012.

Mkandawire, who is also a member of parliament for Mzimba West, blew the whistle on Portuguese multidisciplinary engineering group Mota Engil that it has been front runners in providing bribes to grease the wheels of government contracts.

He highlighted that some of his money was accumulated through inducements from Mota Engil.

Mota Engil made separate cheque payments to the late president wa Mutharika personal accounts at some commercial banks from as low as K1 million (about $4 000) to as high as K10 million (about $40 000) at a time.

Among others, Mota-Engil made the cheque deposits into the late president’s personal bank account number 0140001886701 at Capital City Branch of Standard Bank.

One cheque worth K10 million was deposited into Mutharika’s Standard Bank account number 0140001886701 on March 3 2010.

On the deposit slip, the depositor only identified himself as Mota-Engil, but the signature is the same as the one on an FMB cheque number 9480 belonging to Mota-Engil. The other signature on the three cheques is for managing director Antonmarco Zorzi.

The other two cheques are numbered 12570 (worth K2.5 million) and 12571 (worth K1 million). These cheques were written on March 24 2011.
The other two cheques are numbered 12570 (worth K2.5 million) and 12571 (worth K1 million). These cheques were written on March 24 2011.

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