Auditor General quashes Ntata on Mutharika being ‘biggest fish’ in K92bn cashgate

The National Audit Office has quashed claims by Allan Ntata, the late Bingu wa Mutharika’s legal adviser, implicating President Peter Mutharika in the K92 billion (US$206.7 million) Cashgate which was reportedly mismanaged during the first Democratic Progressive Party (DPP).

Kamphasa: K92 billion audit query analysis report ready

Kamphasa: K92 billion data analysis not forensic

Ntata claimed pressure is mounting on President Mutharika not to release the MK92 billion forensic audit report because he is linked to the looting from the public purse at Capital Hill during late Bingu’s eight-year rule.

Germany-funded financial investigation—conducted by PricewaterhouseCoopers (PwC) will expose ministries and departments behind the K92 billion heist between 2009 and 2012 as well as broader public finance malfeasance as it also covers the years up to 2014, according to sources close to the audit exercise.

PWC have finalized results of data analysis in the K92 billion audit query and presented the interim report to Parliament likely to tabled this week.

The report covers a period of five years, which includes the period when the K92 billion issues occurred but pointed out that it is “not restricted to the K92 billion.”

According to a statement by Auditor General Stephenson Kamphasa, the data analysis results are only the first step towards a full forensic investigation and does not in any way mention anyone let alone implicating them.

“The data analysis in not a forensic audit, rather it is the first stage of such audit which needs to be looked into and will be followed by forensic investigations.” Kamphasa said.

“ From the data analysis alone, it is not possible to establish exact amounts or causes of the discrepancies nor how many of these funds were misappropriated. Therefore, at this stage, no loss of money has been determined nor the names of those behind it,” reads part of the statement by the Auditor General seen by Nyasa Times.

As a next step, the NAO, with support from German government, intends to conduct and finalise further investigations into the causes, individuals and companies involved and the amount of money concerned within a time frame of around 10 months.

K92 billion went missing over the eight years of the presidency of the late Bingu wa Mutharika and the structure of that government is the same which incumbent Peter Mutharika is using.

According to Ntata, a Mrs Sadiq of HTD allegedly defrauded government through the Malawi Police close to K20 billion on bogus purchase of motor vehicles like KIA Sorento and President Mutharika is “closely linked and associated with HTD and the bogus payments could be linked to him.”

Ntata alleges that from 2010 to 2011, Mutharika travelled regularly with a Mr Harris Sidik the Director of HTD.

“This was the time the two were allegedly sharing their share of the MK92 billion,” claims Ntata.

The implication of the President might just heap more trouble on him as Parliament is likely to seek for his audience in the chamber to answer these implications. Currently, Mutharika is playing hide and seek with Parliament where he is wanted to explain the proposed sale of Malawi Savings Bank and other contentious issues.

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Keen Observer
Guest

Ntata might just be right but is he confessing or what?????? Cos I know that he is saying the truth but is he himself clean from this mud??????? I don’t think so. The other name that is missing here is Mulli……..,

Innocentmasamba
Guest

Abig nsomba ayingwile kt ena atengelepo phunzilo.apo ayi 2015-2016 bug apange nd ndalama zathumba mwake asamatilime aphawife shirt

jon
Guest

we will see who is shamed

jj
Guest

Mtata’ to be honest with you’ you are the Bigfish on 92billion then peter!
Do not distance your self on ths scandal’
dont forget you were katswiri wa malemu’ shame on you.
Dzenje ukukumba apali ugwelamo wekha.

Louis Gobede Chunga
Guest

Ntata Is Just Trading Himself To Malawians Nothing Else. Look The Veicles Were Supplied Is That Cashgate? What Amud Person Ntata Is. Nawe Kabwila Udzikhala Ngati Unapita Ku Sukulu Udziyamba Waganiza Kaye Usanalankhule

vaanwyk
Guest

Musamnene Ntata kut ndi wamisala wonama. akulu amati “wamisala anaona nkhondo”
My beloved fellow malawians, this man u call kamphasa is a lier! Even though he can sing songs of lies, by shielding the “big fish” l swear God will shame him. The eye of God sees even in the dark. Dede Kamkondo wrote a novel wth a title “Truth will Out”. No matter how long it might take. Every lie has an expiry ery date tagged on it.
MUNKATI JB JB LERO NG’OMBE ZAYANG’ANA KU DAZIBOM,.

Ethurama
Guest

Rubbish & Un-proffessional Kamphasa Waisting Our Resources…To Hell

Phwado
Guest

Kaya ndiwe kamphasa kapena Kamkeka ukukhala ngati udadya nawo!Wandikaikitsa zedi!

mphatso
Guest

I dont understand the fact that Ntata claims HTD supplied kia sorentos.I thought in cashgate things were not supplied at all.

Tione
Guest

Tulutsani report tilione basi lidzere kwa speaker

wpDiscuz

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