How our leaders swindle public money: Part 1 Below is the list of fraudulent transactions that occupied most of Bingu Wa Mutharikas time. This explains why he Bingu, was determined to have his blood brother, Peter Mutharika, succeed him in 2014. When he, suddenly, died on 5th April 2012 of Heart Attack, his brother in collaboration with crooked Cabinet Ministers hid the death details, sent dead person to South Africa and embarked on elaborate plans to steal Presidency from the rightful successor, Joyce Banda 1. Built a K14Bn Ndata house 2. Acquired a $18m Presidential villa and yacht in Portugal 3. A lavish expenditure of K200M on his 78th birthday 4. Acquisition of a $60m hotel in Portugal through the Reserve Bank of Malawi (RBM) 5. Mutharika instructed Treasury to deposit K60M to Malawi Savings Bank to be used towards wooing and silencing NGOs 6. Mutharika fraudulently pocketed K1.6B through his FBM account from money meant for preparation for 2009 general elections 7. Mutharika drew K20M allowance each time he makes an internal trip (or on ‘government project’ tours) 8. Purchased 150 Toyota pick-ups for his party DPP valued at K400M 9. Mutharika drew K50M from Malawi Savings Bank every two weeks for his personal use 10. Mutharika instructed MRA to surrender 10% of MRA’s revenue to DPP 2014 Campaign 11. Purchased a K38M house in Nyambadwe on August 24, 2010 (from Shanil Muluzi) 12. Purchased of a K300M Lonhro house in Limbe. 13. Mutharika instructed the transfer of K5B from Treasury to Masangwi’s shipping company 14. Mutharika fraudulently benefited to the tune of K3.8B from MTL Privatization proceeds 15. Mutharika diverted $8m given to the government of Malawi by the government of Taiwan for the Army and Police Marine at Monkey- bay 16. Mutharika diverted a $50m loan from Taiwan authorized by the National Assembly for the construction of the National Assembly 17. Paladin Mining Company is depositing $5m every quarter to Mutharika’s Australia account 18. Mota-Engil is giving Mutharika 50% of all contract proceeds through his Portugal account Mulli: Bingu Business Front Mulli: Bingu Business Front His people, widely, believed that Bingu had used Mulli Brothers as a business front in his scheme of fraudulent activities. Mulli Brothers is a family business establishment whose fortunes rose to the roof during Bingus Presidency. They had access to huge unsecured loans from Malawi Savings Bank (MSB) in addition to unfair business advantage. Below is the list of windfall deals 1. Extending a K400M loan to Mulli Brothers Ltd to purchase Bestobell through Malawi Savings Bank (MSB) at Ginnery Corner in Blantyre 2. To act as surety to Mulli Brothers Ltd’s overdraft facilities with MSB (K5Bn), NBM (K2.5Bn), NBS (K2B), First Merchant Bank (K1.2Bn) and Stanbic Bank (K0.8B) 3. Mutharika instructed ESCOM to give Mulli Brothers Ltd K160M to buy Chitakale Estate 4. Mutharika accepted the selling of Chikangawa Forest to Mulli Brothers Ltd 5 Mutharika accepted the award of a K6Bn government stationary supply contract to Mulli Brothers Ltd (without tender ) 6. Mutharika accepted the award of a K4Bn government fertilizer subsidy supply contract to Mulli Brothers Ltd (without tender) 7. Mutharika accepted the award of an K11Bn government petrol & diesel supply-by-tanker contract to Mulli Brothers Ltd (without tender) 8. supply of foods-to-prisons contract in Malawi to Mulli Brothers Ltd (without tender) 9. Mutharika instructed the Governor of the Reserve Bank of Malawi to offer Mulli Brothers Ltd a $8m loan on February 24, 2011 Callista: In Pound Seat Callista: In Pound Seat After the death of his first wife, Bingu re-married to Callista Chaponda-Chimombo, somebody who once served in his Cabinet as Minister of Tourism. A very beautiful woman in her own right. What the nation did not realize was that she would be a burden as Bingu spoilt her with public money. First, it was the most clourful wedding ever staged in Malawi then followed free fall expenditures: 1. A lavish expenditure of K350M on his April 2010 first wedding anniversary to Callista 2. Mutharika instructed government topping of K10M over every Safe Motherhood function 3. Mutharika set the salary for his wife Callista at K1.3M per month for doing charity work which previously was not salaried work 4. K100M February 2010 Valentine celebrations 5. Mutharika instructed the Reserve Bank of Malawi to extend to his wife Callista a loan of K160M 6. Mutharika instructed government to give his wife Callista a K2M allowance each time she travels away from station Bingu and Mugabe: Great Friends Bingu and Mugabe: Great Friends Bingu and Mugabe were very close. Bingu’s first wife, Ethel Mutharika who passed away in May 2007 was a Zimbabwean. Bingu’s Foreign policies were shaped or more informed by Mugabe philosophy of being a firebrand to the West. He stood by his friend in times of need to the detriment of his own country. Here is the list of amazing gestures of goodwill to Zimbabwe. 1. Mutharika got K200M from Reserve Bank of Malawi to buy maize for Robert Mugabe’s Zimbabwe 2. Mutharika instructed government to send 8 vehicles and 4 tractors (that Malawi government received from the government of Libya) to his farm in Zimbabwe 3. Mutharika instructed the Reserve Bank of Malawi to lend the government of Zimbabwe $30m at a time Malawi was experiencing an acute shortage of forex 4. Mutharika instructed the Governor of the Reserve Bank of Malawi to transfer $6m to his Zimbabwe account 5. Money for building a K1.8Bn mausoleum for his late wife, Ethel 6. Acquisition of K20Bn worth of shares in Zimbabwe Commercial Bank 7. Purchase of a personal K65M Maybach Benz (sent to his farm in Zimbabwe) 8. A K7.8Bn IndeBank joint account with President Robert Mugabe Who can trust DPP? Should we really blame the donors for withholding budgetary support to Malawi? I think we shot ourselves on the foot by voting for DPP in May 2014
Posted on: Sat, 27 Dec 2014 11:41:39 +0000
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