Auditor General hands to ACB names of 13 companies in ‘grand corruption’

Officials from the graft busting body, the Anti-Corruption Bureau (ACB) says it has received 13 company names from the Auditor General on the suspects of the infamous K577 billion plunder of public resources following  a forensic audit conducted by RSM Risk Assurance LLP of the UK covering 2009 to 2014.

ACB Czar Lucas Kondowe: We have the files

ACB Czar Lucas Kondowe: We have the dossier of grand corruption

ACB director Lucas Kondowe confirmed receipt of the company names from the Auditor General’s office.

“We have received the 13 files of the companies suspected to have been involved in the cashgate. What we are waiting is the report  which contain individual names,” Kondowe said.

He said as soon as the office gets the report, ACB officers will study it thoroughly to see a line of prosecution.

“As soon as we get the report, we will get to business, we will see how to prosecute the cases,” said Kondowe.

The public money loot is said to have happened between 2009 and 2014.

The summary of the ‘grand corruption’ audit report, however, says the K577 billion that is regularly quoted as unaccounted for is incorrect and has reduced the un-reconciled amount to K236 billion.

Says the report in its Executive Summary: “It is likely that the remaining unreconciled amount could be reduced further if additional analysis were to be taken.”

Auditor General Stepheson Kamphasa on Tuesday held the names of the suspects named in the report, saying he needed a legal opinion from the Attorney General.

Bingu wa Mutharika died of heart attack in 2012 whilst Banda went into self imposed exile soon after losing the presidential election to President Peter Mutharika in the 2014 May general election.

Reports indicate seven sitting cabinet ministers are implicated but their names are still kept under wraps

But following speculations , Minister of Labour Henry Mussa pleaded innocence, rejecting any link to the plunder. Minister of Agriculture George Chaponda also exonerated himself after being told in parliament that he is amongst the seven rotten ministers.

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Anonymous
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Anonymous
2 months 10 days ago

For Bingu so loved the Asians he gave the biggest piece of cake to them only for Peter to ……………….

I love the propaganda machine its in s/d full swing Over Drive.

You cant fool everyone and not every one is blind.

Jack Chiwaya
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Jack Chiwaya
2 months 10 days ago

Escom kuli cashgate yovuta yabwera ndi Mr Nkhono Tiwone. 1.4 billion to be paid without documents. Journalists investigate.

masa-Balaka
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masa-Balaka
2 months 11 days ago

Tisamachite kufusanso kuti zilipati ndalama zathunzo

Khima
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Khima
2 months 11 days ago

Kumalawi anthu anazolowela over pricing mu chilichonse no wonder ma quotation amapita ku boma are abdormally inflated. Imagine when u get ur car to service garage after ngozi, amachita kukufunsa mulipila nokha kapena insurance?? what does that mean…As for kumulipila munthu kawiri on same supply just shows weakness of controls plus kupanda mantha basi, people in this country are never afraid to defraud the government. We dont need azungu to teach us basic process controls, we deliberately choose to create a fraud conducive environment.

Racist McTumbukaFace
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Racist McTumbukaFace
2 months 11 days ago

We know the mwenye companies; Lido Electricals, HTD, Oi, ….

VYOTO
Guest
VYOTO
2 months 11 days ago

This chap holding the position of ACB Director is too cosmetic in his approach.We need the likes of Kamdoni Nyasulus or the no nonsense Justice Duncan Mwaungulu at ACB.It all boils down to one Professor Peter Muthalika, a very clueless Professor unlike his late Brother whom showed some focus within his first two years as president.At a time when Malawians and Development Partners are expecting to see vibrant anti corruption and financial management systems,the evidence on the ground is so far to the contrary

Phiri braya
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Phiri braya
2 months 11 days ago

Hang the bastards as poor people have been deprived of ways to get daily food.
Call FBI to help this investigation no compromise

Mwanache B
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Mwanache B
2 months 11 days ago

Zatopsesa izi

Achimidzimidzi
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Achimidzimidzi
2 months 11 days ago

Mr. Lucas Kondowe is very incompetent and a coward to handle this issue.

As far as I know, he is the most handy puppet at ACB

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