ACB fails to obtain information on Bingu wealth

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.

Ndata Palace: One of Bingu’s assets

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.

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9 thoughts on “ACB fails to obtain information on Bingu wealth”

  1. Richard Soko says:

    No Credible international Organization can respond to a request from an a non constitutional govt organization. The right procedure is to use the High Court and through an apoeal from the court , the ACB or DPP can deploy Note Verbale to the ICC or International Court of Justice other this deliberate strategy to fail

  2. Likwezembe says:

    DPP Sizathekanso

  3. ACB INSIDER says:

    AKAKHALA PA NKHATE. BUT GOD IS THE RIGHTEOUS JUDGE. ALL THOSE WHO STEAL FROM THE POOR WILL NEVER ENJOY THEIR WEALTH NEITHER THERE CHILDREN. KAMUZU ACCUMULATED ALOT WEALTH ; NDI IJA NUMBA INGOKHALA KUKASUNGU, MULUZI ACCUMULATED ALOT OF WEALTH: NDI UYO MILANDU YOSATHA, AKAZI KUMUSIYA… BINGU STOLE OUR MONEY THROHG KICK BACKS ON PROJECTS: NDI UYO NYUMBA INGOKHALA.. AMAYI WAS INVOLVED IN CASHGATE; NDI AWAO ALI KU EXILE. CHAPONDA NDI UYO ANA PEZEKA NDI MA MILLION NYUMBA….. SO EVEN IF ACB IS SAYING THEY HAVE NO INFO. SOME OF US KNOW THAT BINGU’S WEALTH WAS ILL GOTTEN AND GOD SMOKED HIM OUT.

  4. wa Mwale says:

    I can see some people celebrating that there is no trace to Bingu’s where abouts, these are people who who takes no care no matter how much money dpp shall steal as long as they are in power its okay. It is very surprising to see that the dpp followers have no interest in taking care of this country’s economy. No wonder they are destroying everything which they found like ware houses, offices, markets, shops, parastatals, and many other things. Kwa iwo zirine kanthu chipani cha dpp chilibe chisoni mpang’ono pomwe ndidziko la Malawi, anthu amene anaba ndalama za boma onse MN a chaponda, Bingu, nankhumwa, ndi ena ambiri kwa iwowo zilibe kanthu. Okay? Chabwino tamva. Koma chimodzi chpoti mudziwe nchakuti amene amalamulira zonse ndi Mulungu. He will fight you from top to bottom, like Nebukinezara, Beshazara, Farao, Hitra, ndipo listiyi ndiyayitari je worned.

  5. benjones says:

    WHAT A SHAME!!!!!

  6. chikoti says:

    Owooo,so what next PAC? Mumatizolowera kumatiuza mubodza opanda nawo umboni ….masiku akukwana nonse mukutisikonezera dzikoli mukhaka pansi…

  7. MASO A NKHONO says:

    Mwayetsa Dpp
    Ndi Chibwana ??

    Mwsyetsa Dpp ikugona
    Ndi ma plan ??

    2019 mulilanso !!

  8. khanyiziral says:

    Really?

    1. zako izo says:

      mwachepa inu. Anali achikulire ameneaja

Comments are closed.