Bingu, Peter Mutharika had joint bank account: Court freezes Callista’s prorpety

The recent revelations that  former president the late Bingu wa Mutharika accumulated a staggering K61billion within eight years in office refuses to die as new developments shows that DPP leader Professor Peter Mutharika had joint accounts with his late brother outside the country.

Yeremia Chihana of YMW Property Investment Limited and Registered Property Evaluator , contracted to assess Mutharika’s real estate, shares and stocks, bank balances, chattels and other assets,  discovered that the  accounts were in Isle of Man, Zambia, United States, Portugal, Singapore, Taiwan, Mainland China and Australia.

YMW contacted Peter Mutharika to provide some details on the fallen leader’s estate.

“We are valuers and we were contracted by the Malawi Registrar General to assess the real estate, shares and stocks, bank balances, chattels and other assets that form the estate of [the late Mutharika] as of the date of death on 5th April 2012,”  reads a letter Chihana wrote Peter on  June 25 2013 letter .

Peter Mutharika: Not aware of any bank accounts

Peter Mutharika: Not aware of any bank accounts

“Upon examining the will of late Professor Bingu wa Mutharika, we have noted that you are one of the administrators/executioners of the will. We are, therefore, of the view that you would be in a position to provide some information on the accounts that were held in the name of Prof.Bingu wa Mutharika and yourself as either a co-signatory or administrator/executioner.”

But in response on June 26 2013, Peter—through his lawyer Kalekeni Kaphale—said: “Without prejudice to our client’s right to comment on the propriety of your appointment as valuer, our client is not aware of any bank accounts held in the name of the deceased and/or in our client’s name either as co-signatory or as administrator/executor of the will or in any other capacity whatsoever in the listed countries in indeed in any other country.”

Mutharika, at the time of his ascendancy to the presidency in 2004, declared that he had K150 million worth of assets but true to accusations  prior to his death  that he had amassed worthy dubiously,  he ended up amassing assets amounting to K 61,350, 437, 237. 62.

Meanwhile, published reports  say the High Court in Zomba has blocked a house belonging to former first lady Callista Mutharika on suspicion that it was bought using the late Bingu wa Mutharika’s [stolen] money.

Mutharika allegedly bought the house for Callista in 2009 from State-owned Malawi Housing Corporation (MHC).

The property is a victim of the Zomba High Court’s order issued on June 26 2013 freezing all but one bank account belonging to the late leader and also blocking the rest of the former leader’s estate from usage or transaction.

Mutharika, who was serving his second and final five-year term, died while in office in April last year. His brother, Peter Mutharika, is running for presidency next year.

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