MUTHARIKA (A) What hugely profitable beneficial trusts does Mutharika have (as allowed him by Section 88(4)) that have allowed

him to accumulate such immense wealth t o afford him the following? a) Build a K14B Ndata house b) Acquire a $18m Presidential villa and yatch in Portugal c) A lavish expenditure of K200M on his 78th birthday d) Acquisition of a $60m hotel in Portugal through the Reserve Bank of Mala wi (RBM) e) Extending a K400M loan to Mulli Brothers Ltd to purchase Bestobell throu gh Malawi Savings Bank (MSB) at Ginnery Corner in Blantyre f) Purchase of a K300M Lonhro house in Limbe g) To act as surety to Mulli Brothers Ltdâ s overdraft facilities with MSB (K5B) , NBM (K2.5B), NBS (K2B), First Merchant Bank (K1.2B) and Stanbic Bank (K0.8B) h) Money for building a K1.8B mausoleum for his late wife, Ethel i) Acquisition of K20B worth of shares in Zimbabwe Commercial Bank j) Purchase of a personal K65M Maybach Benz (sent to his farm in Zimbabwe) k) Purchase 150 Toyota pick-ups for his party DPP valued at K400M l) A lavish expenditure of K350M on his April 2010 first wedding anniversar y to Callista m) A K7.8B IndeBank joint account with President Robert Mugabe n) Purchase a K38M house in Nyambadwe on August 24, 2010 (from Shanil Muluz i) o) K100M February 2010 valentine celebrations (B) Mutharika would be in a better position to Educate the Malawi Nation on how the below listed unlawful transactions have helped advance the requirements of Prudent Economic Management (as per Section 13(n) of the Constitution) and Su stained Public Trust and Good Governance (as per Section 13(o) of the Constituti on): a) Mutharika draws K50M from Malawi Savings Bank every two weeks for his pe rsonal use b) Mutharika got K200M from Reserve Bank of Malawi to buy maize for Robert Mugabeâ s Zimbabwe c) Mutharika instructed the sale of the old presidential jet without the ap proval of the National Assembly d) Mutharika instructed MRA to surrender 10% of MRAâ s revenue to DPP 2014 Campa ign e) Mutharika instructed ESCOM to give Mulli Brothers Ltd K160M to buy Chita kale Estate f) Mutharika has allowed the Chinese nationals in the country to externaliz e forex without undue restrictions g) Mutharika instructed the transfer of K5B from Treasury to Masangwiâ s shippin g company h) Mutharika instructed Press Trust and National Bank of Malawi to deposit to his personal account K70M every month i) Mutharika instructed government to send 8 vehicles and 4 tractors (that Malawi government received fro the government of Libya) to his farm in Zimbabwe j) 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 k) Mutharika instructed Treasury to deposit K60M to Malawi Savings Bank to be used towards wooing and silencing NGOs l) Mutharika fraudulently pocketed K1.6B through his FBM account from money meant for preparation for 2009 general elections m) Mutharika draws K20M allowance each time he makes an internal trip (or o n â government projectâ tours) n) Mutharika instructed the Reserve Bank of Malawi to extend to his wife Ca llista a loan of K160M o) Mutharika instructed government to give his wife Callista a K2M allowan ce each time she travels away from station

p) Mutharika instructed the Governor of the Reserve Bank of Malawi to trans fer $6m to his Zimbabwe account q) Mutharika fraudulently benefited to the tune of K3.8B from MTL Privatiz ation proceeds r) Mutharika diverted $8m given to the government of Malawi by the governme nt of Taiwan for the Army and Police Marine at Monkey-bay s) Mutharika diverted a $50m loan from Taiwan authorized by the National As semblyfor the construction of the National Assembly t) Mutharika instructed government topping of K10M over every Safe Motherho od function u) Mutharika set the salary for his wife Callista at K1.3M per month for do ing charity work which previously was not salaried work Section 13(o) of the Constitution requires the President to put in place effecti ve measures which will â guarantee accountability, transparency, personal integrity a nd financial probityâ to strengthen and ensure sustained Public Faith & Trust and Go od Economic Governance. There is ample evidence of financial malpractice by P resident where existing financial control instruments and systems were deliberat ely thwarted and frustrated. (C) Mutharika would, again, be in a better position to Educate the Malawi Na tion on how the below listed corrupt decisions have helped to subordinate his s elf-interests to the interests of the people of Malawi in the running of the aff airs of the nation (as per Section 88(5) of the Constitution) a) Mutharika accepted the selling of Chikangawa Forest to Mulli Brothers Lt d b) Paladin Mining Company is depositing $5m every quarter to Mutharikaâ s Austra lia account c) Mota-Engil is giving Mutharika 50% of all contract proceeds through his Portugal account d) Mutharika accepted the award of a K6B government stationary supply contr act to Mulli Brothers Ltd (without tender ) e) Mutharika accepted the award of a K4B government fertilizer subsidy supp ly contract to Mulli Brothers Ltd (without tender) f) Mutharika accepted the award of an K11B government petrol & diesel suppl y-by-tanker contract to Mulli Brothers Ltd (without tender) g) Mutharika accepted the award of a K200M supply of foods-to-prisons cont ract in Malawi to Mulli Brothers Ltd (without tender) h) Mutharika instructed the Governor of the Reserve Bank of Malawi to offer Mulli Brothers Ltd a $8m loan on February 24, 2011 Section 88(5) of the Constitution forbids the President from using his office fo r personal gain or placing himself in situations where his material interests co nflict with the responsibilities and duties of his office. The onus is on the President to assure the nation his actions are above suspicion and innocent.

Master your semester with Scribd & The New York Times

Special offer for students: Only $4.99/month.

Master your semester with Scribd & The New York Times

Cancel anytime.