Parliament engages FDH Bank over the controversial Amaryllis Hotel purchase deal by Public Service Pension Trust Fund
* FDH Bank recommended that the hotel should be sold at around K30 billion, based on their 2023 assessment, but the hotel was ultimately sold for K128 billion * The transaction wasn’t particularly profitable compared to the investment made—FDH Bank Managing Director Noel Mkulichi By Patience Longwe, MANA & Duncan Mlanjira, Maravi Express The Public Accounts Committee (PAC) of Parliament has begun investigating the proposed purchase of Amaryllis Hotel by the Public Service Pension Trust Fund and today, it…









