Amaryllis Hotel Probe Urges Action, Recoveries

Amaryllis Hotel probe urges action, recoveries

Public Accounts Committee (PAC) of Parliament has recommended further investigations, legal action, recovery of losses and individual accountability in the controversial K128.7 billion Public Service Pension Trust Fund acquisition of Amaryllis Hotel in Blantyre. The committee’s inquiry report also demands an urgent restructuring of the fund, noting that the transaction exposed severe failures in fiduciary …

PAC report names Zamba, others over K128.7bn Amaryllis hotel purchase - Featured News Malawi

Parliament's Public Accounts Committee (PAC) has recommended further investigation, legislative reform, recovery of losses and individual accountability over... Read the latest breaking news on Nyasa Times.

Amaryllis report: parliament flags serious governance failures in K128.7BN hotel deal

ShareBy Suleman Chitera10 September 2026 A Parliamentary investigation into the purchase of Amaryllis Hotel by the Public Service Pension Trust Fund (PSPTF) has raised serious concerns over the management of public pension money, describing the transaction as a major breakdown in governance, fiduciary discipline and investment prudence. Read moreBiography Of Dr Thomson MpinganjiraThe Public Accounts…