PAC report names Zamba, others over K128.7bn Amaryllis hotel purchase
Parliament's Public Accounts Committee is calling for a probe into the K128.7 billion purchase of the Amaryllis Hotel by the Public Service Pension Trust Fund. The committee found serious failures in governance and fiduciary duty during the transaction. Officials are now seeking to recover lost funds and hold specific individuals accountable.
<p>Parliament’s Public Accounts Committee (PAC) has recommended further investigation, legislative reform, recovery of losses and individual accountability over the K128.7 billion Public Service Pension Trust Fund purchase of Amaryllis Hotel. The committee’s report was adopted on March 31, under committee chairperson Steven Malondera. PAC said the transaction represented serious lapses in fiduciary discipline, governance and […]</p> The post <a href="https://www.nyasatimes.com/pac-report-names-zamba-others-over-k128-7bn-amaryllis-hotel-purchase/">PAC report names Zamba, others over K128.7bn Amaryllis hotel purchase</a> appeared first on <a href="https://www.nyasatimes.com">Malawi News | Breaking News, Politics, Business & Sports | Nyasa Times</a>.
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