Malawi’s Attorney General, Frank Mbeta, has distanced himself from the controversy surrounding the purchase of Amaryllis Hotel, stating that his role was limited to providing legal advice and not evaluating the financial aspects of the deal.
Mbeta emphasized that his office’s primary concern was ensuring that the transaction complied with existing laws and regulations.
The Attorney General’s clarification comes amid growing scrutiny over the K128 billion purchase of the hotel by the Public Service Pension Trust Fund (PSPTF).
Critics have questioned the prudence of the investment, given the hotel’s struggling financial situation and the significant disparity between the purchase price and earlier valuations.
Mbeta explained that his office became involved in the matter following a complaint lodged by the Malawi Law Society, prompting him to advise the Anti-Corruption Bureau (ACB) to investigate potential corruption.
The ACB ultimately found no evidence of wrongdoing, but the Reserve Bank of Malawi raised concerns about the financial risks associated with the transaction.
The Public Accounts Committee (PAC) has summoned Mbeta to testify on the matter, with some lawmakers seeking clarity on his role in the purchase process.
Mbeta has expressed willingness to cooperate, provided proper procedures are followed.
The controversy has sparked heated debate, with calls for greater transparency and accountability in the management of public funds.
As the investigation continues, Malawians are watching closely to see how the situation unfolds.
