Tag: Amaryllis Hotel

The High Court’s Financial Crimes Division has upheld the continued restriction of funds linked to the sale of Amaryllis Hotel, ...

By Taonga Kaipa:   The Lilongwe Magistrates Court has ordered economist Collins Magalasi to remain in custody until September 11, 2026, when he is expected to return to court in a case in which he is facing theft and money laundering charges linked to the Amaryllis Hotel transaction. The order follows an application by the State for additional time to facilitate ongoing investigations into the matter. The court considered Magalasis bail application on Friday, before directing that he remains in custody until next week. Defence lawyer Andy Kaonga said the defence would await the courts detailed ruling to understand the reasons for denying bail, noting that six other accused persons in the same case had been granted bail. “We will wait for the courts ruling because that is what will help us understand the reasons for the decision,” said Kaonga. The defence also raised concern over Magalasis health, telling the court that he had been unwell since Monday. The court has allowed him to seek medical attention at his own cost. Kaonga said the defence would provide relevant medical documentation when Magalasi returns to court on September 11, explaining that it was difficult to obtain such documentation while his client remained in custody. The State is continuing with investigations into the allegations, while the matter remains before the court for further proceedings.  

A company at the centre of a parliamentary probe into the sale of a prominent hotel in Malawi has refused ...

Yusuf Investing Limited (YIL) risks being charged with contempt of Parliament, after it refused to appear in the ongoing inquiry ...

A dramatic complaint has been lodged by the Chairperson of Parliament’s Public Accounts Committee (PAC), Steven Baba Malondera Kamsiyamo, accusing ...

Member of Parliament for Nkhatabay Central, Symon Vuwa Kaunda alleged that the former State House Chief of Staff, Prince Kapondamgaga's ...

The Malawi Law Society (MLS) has intensified scrutiny over the controversial purchase of the Amaryllis Hotel by the Public Service ...

By The Atlas News Desk: The Registrar of Financial Institutions at the Reserve Bank of Malawi has demanded that the ...

By The Atlas Desk: A quiet paper trail in January 2026 has sparked serious questions over the Public Service Pension ...