The Public Accounts Committee (PAC) of Malawi Parliament has disclosed that it has been geared to probe on the wealth of former Malawi leader late Bingu wa Mutharika.
Confirming the development, PAC chairperson Alekeni Menyani said the committee is to find out the source of Bingu’s wealth and how he was transacting with foreign banks.
“Locally we are going to ask the Malawi Economic Justice Network (MEJN) to provide an economic analysis and we are to work with National Integrity Platform and Economic Association of Malawi (ECAMA) to help understand the economic aspect of the whole issue,” said Menyani.
He added that the committee has involved four institutions, three local and one international, to probe how late Bingu wa Mutharika got his wealth.
The institutions are the Auditor General’s Office, the Financial Intelligence Unit, the Anti-Corruption Bureau and Transparency International.
Mzimba South MP Harry Mkandawire presented a document in Parliament accusing the former head of state of being corrupt by getting 10 percent cut from all government contracts awarded to Mota Engil, an international contractor, and other international companies.
His remarks were concurred by a shocking revelation that Bingu had only K150 million at the time he was taking the office of the president but got K91 billion during his reign.