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Trustees Face Court Over Amaryllis Hotel Deal | Malawi News
The Registrar of Financial Institutions, also Malawi’s Reserve Bank governor, is suing the Public Service Pension Trust Fund trustees over their controversial acquisition of the Amaryllis Hotel in Blantyre — demanding they cancel the deal and return all funds spent. The High Court has issued a court order and published summons to locate the 12 trustees, who now have 30 days to respond or risk contempt charges. An injunction from August 2026 and an earlier penalty from May 2026 are being enforced, with trustees still owing 40 million Kwacha in fines. Former board chair Chizaso Eric Nyirongo, a…
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