K1bn cashgate criminal proceeds: Malawi yet to decide how to dispose it

Government says it is yet to make a decision on how to use over K1 billion in cash and property realised from criminal proceeds of the infamous ‘cashgate’ scandal, the plunder of billions of money at Capital Hill in Lilongwe.

ACB's Matemba: There will be an indaba

ACB’s Matemba: There will be an indaba

Reyneck Matemba, deputy director of graft busting body, the Anti Corruption Bureau (ACB) said the organisation will have to call for an indaba with officials from ministry of Finance and the Attorney General among others to discuss how to use the repossessed cash and property.

The High Court has so far convicted 10 people, including main cashgate payer Oswald Lutepo who stole K4.2 billion from the public purse.

“This issue involves more than one government agency to make a decision on how to dispose off proceeds of crime.

“The money belonged to the ministry of Finance, the attorney general and other officials from the ministry of Justice are also very much involved,” said Matemba.

ACB’s comment comes amid fears that some of the properties, including buses that have been parked for two years now, are losing monetary value.

Matemba, however, said the ACB would ensure that the property is disposed off as soon as possible. Trials for the cashgate are still going on.

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23 thoughts on “K1bn cashgate criminal proceeds: Malawi yet to decide how to dispose it”

  1. tulo amalawi says:

    only 1billion and they ate 577 billion and u ve spent 300 billion on the cases any logic here shaaaa!

  2. Victor says:

    This is as good at stealing or wasting the money.

    2 whole years and those buses are still rotting?

    I have seen them at MAN/TEM garage in Chirimba. The parts for sure will be ‘borrowed’ for their workshop.

    And the rest of the stolen proceeds? They will not increase in value sitting there.

    ACB and Ministry of Finance, come to a decision. It is long overdue!

    Are you listening Mr. The Right Honourable Goodall Gondwe??

  3. Clive says:

    MULIBE MANYAZI INDABA YA CHANI THAT’S ZULU WORD TAUZANI A MALAWI CHICHEWA MUPITA CHIPINDA CHOMATA, MUZIKAKAMBILANA AMALAWI AKUFA NJALA, NGATI MUKUDYA KWANUKO WAIT 4 THAT INDABA.

  4. mavuto says:

    Koma anthu inu muli serious? Mmene achulukira mavuto m’dzikomo ndikumati simunaganize mmene mungagwiritsire ntchito ndalama zochockoera ku milandu ya kuwonongeka kwa ndalama m’dzikomo? Zoona zimenezi a Malawi anzanga? Haaaayi

  5. atoti says:

    Try buying drugs, maize

  6. Ngalamayi says:

    Is this progress that will reassure donors, investors? Do we know the sentences received by those 10 who’ve been convicted? How many are in jail now? More of this openness will give people confidence in a government which seemed intent on covering up the misdeeds of those high up in power… or are these convicted just ‘small fish’ in this scandal?

  7. NAMAKHWA says:

    MONSEMUJA TINAMVA
    ZOTI MA BUS AKUNGOWONONGEKA
    SIMUNAKAMBILANEBE
    ZOTI MUGULITSE
    NDALAMAZO ZIGWIRE
    NTCHITO YOGULIRA
    CHIMANGA NDI MANKHWALA
    MZIPATALA WANTHU AKUFA

    INU BASI BUSY NDI
    MAPWEVUPWEVU ???

  8. Akungolonje says:

    Bora nanunso musabenso ndikungogwinyinira into your pockets, put it to the best disposal for the betterment of the nation and the staggering economy.

  9. kukhala says:

    PLEASE EDUCATE WHY DO SEE THE WORD INDABA FEATURING IN OUR MEDIA OR DOES INDABA MEAN ?

  10. Tap tap says:

    Sickening business! Take funds back where they came from. This is why cashgaters would say the money was not stollen because no government department has evidence for loss of funds!

  11. Nkhombokombo says:

    That money should be used to pay the long outstanding payments to the vendors who supplied goods and services to the Govt. Some unlucky vendors have had their credits not for over two years or more! For the Buses sell them at cost and claim duty. The longer these moneys and Buses stay the less the less value they will claim. Do not pretend you don’t have ideas on these these things!!

  12. Matako says:

    You give it back to the rightful owners . The Malawians. That can be done through the treasury!!! Not through Muthalika’s bank account or anyone else’s.

  13. Mzati Noxie says:

    koma katundu winayo koma mwati alipo?Indaba ya chani?Tengani ndalama onjezelani ku chimanga anthu asapitilire kufa ai.Ma indaba amenewo mudzikapangilanso malo odula,dzakudya dzodula anzanu alibe chilichonse?Mukufuna ma allowance sichoncho?Si cashgate ina imeneyo?Samalani,anthu ali tchelu kuti awone kuti katundu ameneyo ayenda bwanji.Once again samalani!

  14. 2016 welcome says:

    Cashgate in a self claimed God fearing nation. What an oxymoron!

  15. Msena says:

    Mukamadzagulitsa ma bus aja chonde dzandidziwitseni n’dzapezeko imodzi yokha

  16. Concerned Citizen says:

    Proceeds from criminal activities should be used to repair damage arising from the criminal act, since cashgate was against the state then I would suggest channelling some of that money to repairing and day to day running of the Kachere Youth Rehabilitation Centre. Those kids need chance in life.

  17. Silent Observer says:

    Pepani achakulungwa, ndalama musagawanenso ai. Pali zinthu zambiri zofunikira m’dziko muno. Chonde, ndapota nanu.

  18. eluby chikopa says:

    Gulani chimanga mmwasanga osachedwa apa!

  19. Dr Kamoto, Chief Kwataist says:

    Buy condoms

  20. Osowadi Mutepo says:

    invest in irrigation

  21. Mbudye says:

    ACB and Director of Public Prosecutions Office (DPP) should seriously consider having an Asset Recovery Unit that can properly manage such issues. It is surprising that since the cashgate trials started no serious consideration has gone towards management of the recovered assets. Amalawi why do we do things that way?! Timachedwa pang’ono all the time ?!

  22. Charo chasyuza says:

    This is the country run by people who have no clue or vision. People are perishing with hunger and shortage of medical drugs in our hospitals and yet govt sold MSB and is stocking K12B frm MSB sale and K1b confiscated frm cash-gate convicts, shame! You want the angels to come down frm heaven and tell you what to do with the proceeds? Shame!

  23. Chibalo says:

    The best way is to invest the money into building a hotel and called it Public Revenue hotel to employ people and finance public servants. Think in a business way guys. If you start sharing it among your departments nothing will be seen to have been achieved. I want to warn you NEVER buy Maize or Medicine with this money because we are tired of consumption mentality. Just as we are Waiting with baited breath on MSB money, we want you to think of investment basi.
    .

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