The Anti-Corruption Bureau (ACB) has said they instituted investigations into former president Bingu wa Mutharika’s wealth but it did not yield any results.
ACB director of investigations Dan Mponda told Public Accounts Committee (PAC) of Parliament that former boss at the bureau Justice Rezine Mzikamanda authorised investigations on the matter in July 2013.
He said the ACB did institute an inquiry into the alleged accumulation of wealth of the former president (Bingu wa Mutharika) through an international inquiry using international requests for information.
“We tried to get information through intelligence but it was not forthcoming,” Mponda said.
Mponda said ACB followed up on most of the local payments Bineth Trust, Silver Grey Foundation and other entities that belonged to Mutharika but that they were mismatch.
ACB and Financial Intelligence Unit (FIU) were submitting reports detailing progress into the investigation of the K61 billion wealth of wa Mutharika’s estate.
PAC had earlier written the ACB, FIU, Auditor General and Transparency International through the local National Integrity Platform (NIP) to investigate claims in a motion Mzimba West member of Parliament Harry Mkandawire (People’s Party-PP) brought to the House that Mutharika’s wealth was more than the stated K61 billion.
The House referred the issue to Pac which tasked the bodies to investigate the claims and report back to the committee because it had no investigative capacity.
Committee chairperson Alekeni Menyani said the committee wrote to the investigation agencies last year with instructions to probe the authenticity of documents which Mkandawire submitted to the House alleging that Mutharika’s wealth was stashed in various bank accounts and various countries and had eluded the scrutiny of the government a
Mutharika’s wealth was valued at K61 billion accumulated in the eight years he was president from 2004 to 2012.
In 2004, Mutharika declared to the Speaker of Parliament that his wealth was K150 million.Follow and Subscribe Nyasa TV :