Human Rights Defenders Coalition (HRDC) has given President Peter Mutharika 21 days to take an action over the controversial purchase of the Amaryllis Hotel using pension funds, warning that failure to act will force the coalition to take further lawful measures.
Speaking at a press briefing in Lilongwe, HRDC Chairperson Michael Kayiyatsa said the coalition is concerned with revelations emerging from the ongoing inquiry by the Parliamentary Public Accounts Committee (PAC), describing the transaction as a serious breach of public trust.
He said the deal raises credible concerns of corruption, conflict of interest and failure of governance, stressing that pension funds must be handled with the highest level of care.
Kaiyatsa said the transaction, reportedly valued at over K128 billion, raises serious questions under the Public Finance Management Act of 2022, particularly on whether the investment was lawful, prudent and in the best interest of beneficiaries.
He also pointed to concerns over irregularities in property valuations, alleged reliance on unqualified assessors, and lack of transparency during key stages of the deal, saying such issues suggest possible abuse of public resources.
He has since demanded the immediate removal of senior public officials linked to the transaction, including the Minister of Finance and the Attorney General, whom the coalition says cleared the deal despite risks.
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