The Lilongwe Magistrates Court on Wednesday convicted businessman Allan Harrison Magombo in connection with the plunder of public resources known as Cashgate in a case he is accused of siphoning and pocketing about K32.4 million of public funds.
Magombo who owns a company named Down Stairs is said to have received K16,555,126.08 and K15, 920,000.00 respectively from Ministry of Local Government in 2013 without providing any services to government.
He was arrested the by the Anti-Corruption Bureau (ACB) who recieved a complaint on 12th September, 2013 that government officers at Capital Hill were making entries in the Integrated Financial Management Information System (IFMIS).
The Bureau established that Magombo received payments from Ministry of Local Government for rendering no service.
He was charged with two counts of theft and one count of money laundering contrary to Section 278 and Section 35(1) (c) of the Penal Code and the Money Laundering, Proceeds of Serious Crime and Terrorist Financing Act.
The court is expected to deliver its sentence on 18th February, 2016.Follow and Subscribe Nyasa TV :