Malawi govt defends ex-president's K61bn offshore accounts

2016-06-21 11:57
The late Malawi president Bingu wa Mutharika. (AFP, File picture)

The late Malawi president Bingu wa Mutharika. (AFP, File picture)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

Lilongwe - Malawi's ruling Democratic Progressive Party (DPP) has come out in defence of former president Bingu wa Mutharika, saying that the late leader had the capacity to accumulate an estimated K61bn without having to loot government funds.

According to All Africa, Information Minister Patricia Kaliati rubbished accusations of corruption against the ex-president, saying that evidence proving corruption was non-existent.

Kaliati also said that Mutharika worked for the World Bank, the United Nations (UN), was the owner of several farms and had published books during his tenure.

While addressing allegations of billions of looted funds being held in offshore accounts registered in Mutharika's name, Kaliati claimed that the late president had retired from the UN at D1 grade, thereby leading him to have several offshore accounts containing large amounts.

"They are talking about bank accounts, where are the bank documents legally produced by the so called banks? They are talking about houses and other infrastructures, where are the title deeds of these things? There are no real documents here."

The minister described allegations made by opposition members as "a pathetic political move" made by "disappointed individuals, failures and thieves".

Kaliati's utterances followed from a declaration made by the Malawi Law Society, backing calls for a probe into Mutharika's accumulated wealth.

The allegations were made by opposition members who ordered that funds stashed in offshore accounts belonging to the ex-president be brought back and utilised towards recovering the country's ailing economy.

"There is money there which belongs to the people of Malawi," Member of Parliament Harry Mkandawire was quoted as saying.


Read more on:    dpp  |  bingu wa mutharika  |  malawi  |  corruption  |  southern africa

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
/News
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.