Pension Fund in Crisis: Audit Exposes K90.4bn Arrears, K463m Land Loss, K4.9bn Paid Without Board and K11.5bn Uncredited to Members
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Malawi’s largest public pension fund is sitting on a powder keg of mismanagement: K90.4 billion in unpaid pension contributions, K11.5 billion not credited to members, K4.9 billion paid out for a hotel project while the fund had no board, and a K463 millio
Pension Fund in Crisis: Audit Exposes K90.4bn Arrears, K463m Land Loss, K4.9bn Paid Without Board and K11.5bn Uncredited to Members
Malawi’s largest public pension fund is sitting on a powder keg of mismanagement: K90.4 billion in unpaid pension contributions, K11.5 billion not credited to members, K4.9 billion paid out for a hotel project while the fund had no board, and a K463 million loss on a land deal in Lilongwe—all uncovered in a confidential regulatory […] The post Pension Fund in Crisis: Audit Exposes K90.4bn Arrears, K463m Land Loss, K4.9bn Paid Without Board and K11.5bn Uncredited to Members appeared first on Malawi Nyasa Times - News from Malawi about Malawi. Read more
