Former RBM Governor Mafuta Mwale raised profound financial regulatory red flags on proposed sale of Amaryllis Hotel at exorbitant K148 billion
* Proceeding with the transaction would be inconsistent with sound pension fund management principles and expose members to undue financial risk * From a prudential and regulatory perspective, the proposed transaction is likely to breach investment limits under the Financial Services (Investment Management of Life Insurers and Pension Funds) Directive, 2025 * And result in serious liquidity mismatch and heightened risk warn of regulatory breaches and systemic financial risk that could destabilize the pension sector By Duncan Mlanjira In…









