By Vincent Gunde
The Anti – Corruption Bureau (ACB) says between 27th January and 6th March, 2026 a total of MK 5,497,000 ( approximately MK5.5 billion) was withdrawn in cash from Yusuf Investments Limited – owner of Amaryllis Hotel’s account at the National Bank of Malawi.
The ACB said these cash withdrawals have raised suspicions of Money Laundering and Corruption which the Bureau is actively probing.
Updating the nation on progress of the Amaryllis Hotel sale investigations, the ACB has assured Malawians that it is tracing the money trail and profiling public officials and other individuals suspected of having corruptly benefited from the transaction.
” The ACB will provide further updates as the investigation progresses in collaboration with the Finance Intelligence Authority (FIA), Malawi Police Service’s Fiscal and Fraud section, as well as international partners,” reads the update report in part.
Social commentator Stanley Onjezani Kenani writing on his face book page, says the Director of the Financial Intelligence Authority ( FIA) has been quietly relieved of her responsibility with no reasons given
It is being alleged that some powerful people in the current administration have been piling pressure on FIA Director to drop some cases it has been prosecuting but the Director has not been moved on the argument that it is only the court that can decide whether to dismiss a case or not.
The Amaryllis Hotel sale has resulted to some changes at the Anti – Corruption Bureau (ACB) staff members, Mr. Fidelis Chinsakaso, Acting Director of Investigations has been redeployed to Office of the President and Cabinet(OPC) with immediate effect and Ms. Bahati Msosa, Senior Legal Prosecuting Officer ( SLPO) has resigned and will continue working until 30th April, 2026 thereafter, she will proceed on leave for the remainder of her notice period.
Kenani said the Director of Legal at FIA has been seconded to Malawi College of Accountancy (MCA) to lecture saying FIA has a lot of cases pending before courts.
Rights activist Counsel Alexious Kamangila has made it clear that they will try to dodge themselves to be labeled clean but they will not succeed as per the list of individuals who have benefited from the Hotel sale is circulating on the social media.
