Mutharika’s declared wealth made known

The assets President Peter Mutharika declared to the Office of Director of Public Officers’ Declarations in as part of efforts to promote transparency and curb corruption in the country has been made public after private Zodiak Broadcasting Service revealed the contents.

After obtaining the declaration document, Zodiak publicised that Mutharika has over US $8 millions in two bank accounts in Unites States where he lived and worked as a law lecture.

The President’s declaration also says Mutharika gas about MK70,000,000.00 in a Standard Bank account at City Centre.

According to a declaration made on 31st July 2014, his savings account number 290167363 at Commerce Bank 800 Forsyth Blod (USA) holds U$250,000.00 whereas his retirement account with TIAA also in USA holds U$8.2million and Standard Bank Malawi has MK63,976,490.00.

He declared a fleet of nine vehicles priced at betweenMK32,000,000 and U$25,000.00 all being used but said to have been bought between 2001 and 2014 using pension funds.

According to Mutharika, he has a Toyota Land Cruiser registration number TO 6307, valued at MK40,000,000, a Mercedez Benz in USA valued at$25,000.00 bought in2001, a BMW reg. BR160 valued at 73,000,000, a Suzuki Vitara reg. BR2677MK51,000,000, a KIA reg LL1359 MK37,000,000, Nissan Pick Up BP8089MK35,000,000, Motor Home reg. BQ 4576 MK121,000,000, a Land Rover reg. TO5606 MK38,000,000 and an Artego-Benz TO 3847 MK32,000,000.

He declared public ownership of a house in Area 10 on 457 Ulemu drive since 2008 from his salary and savings but whose value was not indicated, another house number NY 453 in Nyambadwe valued at MK7,000,000 and a third declared bought in 1982 at U$750,000 on 81st Louis MO63105 in 250 Brentwood from his US salary
savings.