Cashgate property trace response overwhelming -Malawi Police

Fiscal Police officer in charge Yacks Bonongwe has said many people have responded positively to the public to help them trace properties that were bought using cashgate money.

Senzani's cashgate  sprawling mansion

Senzani’s cashgate sprawling mansion

He said many people are informing the law enforcers on Cashgate property and bank account and that the response has been ” overwhelming, .”

Bonongwe said Fiscal Police “ did not anticipate” such a response.

“ This will help us to make more inroads in our investigations”, said Fiscal Police officer in charge.

Currently, the prosecution is fighting to recover about K2.1 million from another convict, Victor Sithole; K1.4 million of the money used to purchase grain produce while K750 000 was used to pay rentals in Area 47 in Lilongwe.

If successful, according to special prosecutor in Cashgate cases Kamudoni Nyasulu, government will have so far recovered K220 million from the K24 billion that the Baker Tilly forensic audit found was siphoned from government within six months from April to September 2013.

Through the courts,three convicts: former principal secretary of Tourism Tressa Senzani (K62 million), Maxwell Namata and Luke Kasamba collectively paid back K24 million.

The recovered money represents just under one percent amounts almost nothing if the K92 billion that is
suspected to have been stolen between 2009 and 2012 is brought into the equation.

From Sithole, the prosecution already seized K112 million, $31,850 and R1220 250, which is in the custody of the Reserve Bank of Malawi.

The prosecution has so far secured six convictions and has recovered K63 million from former Ministry of Tourism Principal Secretary Tress Namathanga who was sentenced to three years imprisonment and K14 million from Maxwell Namata who was sentenced to eight years imprisonment.

Meanwhile, the High Court in Lilongwe  on Tuesday was expected to hear an application for confiscation of K40 million for which businessperson Wyson Zinyemba Soko was convicted and sentenced to seven and a half years for theft and money laundering.

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Stone cold steve Austine
Guest
Stone cold steve Austine

Very shamefull

Mkunthamavenda
Guest

Southerners have swindled this country to its knees. No wonder, they are born into broken families.

nazimbiri
Guest

koma azimayi pa malawi mwatovutatu.kuba komanso uhule.kubera anthu osauka.mumafunika saizi imeneyo mukulera zizukulu koma sopano mutokafera kundende.

popapo
Guest

Can Senzani disclose where she got money to build such a mansion with the Malawi PS salaries. Yet you want to grab Whispers Bar for Sithole, is there justice in Malawi?

Vyapasi
Guest

“Cashgate” involved individuals, systems and financial institutions. The latter include several commercial banks at the centre of this whole scheme. It would be naive if bank were not punished. How could they tolerate such huge sums of money pass through their tellers. Actually it is the banks who hold the exact information of who stole how much. I rest my case!!!

shaq
Guest

Some niggaz be snitches huh?!

ndadabwa
Guest

kodi nanga 62 billion anaba bingu ili pati

Twaniche
Guest

No justice in malawi courts.

Wagona nkhule waliwa
Guest

Those cashgaters who are dead mukakumbe manda awo ndikukawa kwilira mu cell kuti mitembo yao idzawolere mu cell! iyaaa! lqe

Hoitty
Guest

Sad that this mansion somehow escaped seizure paja eni ake anabwenza kale zonse zomwe anaba zokwana 63 million

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