Saturday, January 28, 2023
HomeMalawiChaponda's wealth grows to K8 billion within two years

Chaponda’s wealth grows to K8 billion within two years

In just a day after millions of Kwachas and United States Dollars were found in former agriculture minister Dr George Chaponda’s house in area 10 in Lilongwe, it has been revealed that the fired minister’s worth has grown to a whopping K8 billion in just a space of two years.

George Chaponda
George Chaponda: worth over MK8 billion in just a space of two years

This is according to how Chaponda declared his assets in 2014 and 2016.

For example, in 2014 the fired agriculture minister registered six items with only four vehicles and one tractor.

However, in 2016 Chaponda who was the Foreign Affairs minister by then registered 51 items including 23 vehicles.

He is also reported to have different bank accounts within banks.

For instance, Chaponda has a special account for dollars, Euros and Kwachas in the National Bank of Malawi.

However, Chaponda has vehemently defended himself arguing that his source of wealth is not illegal as some Malawians might want others to believe.

He said he has different kinds of means of sourcing his wealth such as house rentals, hotel business, UN pension and his current salary among others.

Some political and economic pundits have however asked the Anti-Corruption Bureau (ACB) to investigate Chaponda saying no one can accumulate such wealth in just a space of two years.

The Maravi Post has over one billion views since its inception in December of 2009. Viewed in over 100 countries Follow US: Twitter @maravipost Facebook Page : maravipost Instagram: maravipost    
RELATED ARTICLES

Most Popular

Recent Comments

The History of online Casinos – Agora Poker – hao029 on The History of online Casinos
Five factors that will determine #NigeriaDecides2023 - NEWSCABAL on Leadership Is Difficult Because Governance Is Very Stubborn, By Owei Lakemfa
Asal Usul Texas Holdem Poker – Agora Poker – hao029 on The Origins of Texas Holdem Poker
Malawi has asked Mike Tyson to be its cannabis ambassador - Techio on Malawi lawmaker Chomanika against Mike Tyson’s appointment as Cannabis Brand Ambassador over sex offence
Finley Mbella on Brand Chakwera leaks Part 1
Maria Eduarda Bernardo on The 2021 Guide to Trading Forex Online
Atsogo Kemso, Political Foot Soldier on Why MCP and UTM Alliance Will Fail
Em. Prof. Willem Van Cotthem - Ghent University, Belgium on Malawi army, National bank cover Chilumba barrack with trees
Christopher Murdock on Why dating older woman is dangerous?
Samantha The Hammer on Why dating older woman is dangerous?
Muhindo Isevahani on The Cold War Against TB Joshua
JCON/SCOAN/BKN(888/8885/8808) on The Cold War Against TB Joshua
Keen Observer on Jesse Kabwila, Then and Now
Francesco Sinibaldi on Advertising in 2020 and beyond
VICTORIA NAMENE FILLIPUS on Is TB Joshua not another religious fraudster?
Princess on