Malawi’s largest public pension fund is sitting on a powder keg of mismanagement: K90.4 billion in unpaid pension contributions, K11.5 billion not credited to members, K4.9 billion paid out for a hotel project while the fund had no board, and a K463 million loss on a land deal in Lilongwe—all uncovered in a confidential regulatory […]

The post Pension Fund in Crisis: Audit Exposes K90.4bn Arrears, K463m Land Loss, K4.9bn Paid Without Board and K11.5bn Uncredited to Members appeared first on Malawi Nyasa Times – News from Malawi about Malawi.