K92bn DPP cashgate audit starts – Malawi Auditor General

Auditor General Stephenson Kamphasa has told the Public Accounts Committee (PAC) of Parliament that his office alongside audit firm PriceWaterhouse Coopers (PwC) has commenced the K92 billion investigations into the forensic audit covering 2009 to 2013.

Kamphasa: We are not investigating K92billion cashgate from 2009 to 2013

Kamphasa: We are not investigating K92billion cashgate from 2009 to 2013

A comprehensive forensic audit of ministries and departments covering the period between 2009 and 2012 under the Democratic Progressive Party (DPP) rule in what is being christened as ‘DPP K92bn cashgate’ scandal is being funded by Germany government.

Kamphasa said the National Audit Office (NAO) would establish the facts behind the preliminary audit into the government central payment system which may have led to the loss of K92 billion.

“The 2009 to 2013 forensic audit is currently underway and the K92 billion preliminary findings fall within the period in which the forensic audit is being carried out, of the Central Payment System,” Kamphasa told parliament committee

Kamphasa said the funding from the German government for the new forensic audit did not cover 2005 to 2009 financial years and efforts were being made to look for donors to finance the audit.

An interim investigative audit report of the government payment system known as Integrated Financial Management and information System (Ifmis) that the National Audit Office carried out between November 2011 and first half of 2012, which was kept under wraps, showed that government lost over K90 billion through abuse and irregularities.

Katrin Pfeiffer, head of development cooperation at the German embassy, said her government had provided support to this audit as one of many components under its technical cooperation project Strengthening Public Financial and Economic Management in Malawi, implemented by GIZ.

“The audit is to quantify the amount misappropriated over the period 2009 – 2013. It will be submitted to the Auditor General in order to be used by the Malawi authorities (Executive, Legislative and Judicative) and other interested parties to determine suitable actions to remedy the situation caused by the presumed misappropriations,” she said.

Germany has stressed that it wants the full recovery of money that was stolen through cashgate to resume budgetary support to Malawi.

“We are much interested in the recovery of money and the arrest of the culprits,” German Ambassador to Malawi Peter Woeste told Capital Radio, a private broadcaster.

Germany envoy said Malawi government has to seal all loopholes first to warrant aid resumption.

“No one would put money into a bucket that has holes and is still leaking,” he said.

The Anti Corruption Bureau (ACB) says roughly K20 billion went missing during Joyce Banda’s two year rule. They add that probably another K90 billion went missing over the eight years of the presidency of the late Bingu wa Mutharika, equal to roughly $500m at the exchange rate of the time.

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MKWAPU
Guest

WE WANT ALL INVOLVED IN CASHGATE TO PAY BACK
WE PAY TAX AND THEN SOMEBODY STEALS OUR HARD EARNED MONEY.
LUTEPO DOND ALLOW TO DIE GIVE US MORE NAMES. WE KNOW U KNOW THERE R ALOT ÖFTHEM U WERE.DEALING WITH.SOME OF THEM HAVE TAKEN OFF THEIR TRUCKS

abdullah
Guest
to say the the fact it looks like every reader want to fill there pocket first. The want to push malawi at next stage. We are the citizens of malawi what we get? =nothing. All i know is since foregners take over the readership things are tigth here in malawi. We sufering in our own mother land. K92bn pending now 13bn….the geting rich we geting poor and poor if we grow our cash crop the will came and leave with nothng. And now madefu come and the collected our last food. We stand in midle of no where. Mom why… Read more »
muffins
Guest

Apa zingoonetsa kuti democracy ku. Malawi yangobweletsa. MBAVA zambili. Koma tsono nthawi yafika wachuma ndiopanda adziwika. Kumangoophyeza anthu

VYOTO
Guest
IN THE FIRST PLACE, PETER MUTHALIKA SHOULD NOT HAVE BEEN ELECTED AS PRESIDENT SINCE IT WAS ALREADY KNOWN THAT BEING LATE BINGU’S BROTHER OF THE MK61 BILLION WEALTH ACCUMULATION IN JUST 8 YRS AND DPP PRESIDENT OF THE THIS MK92 BILLION CASH GATE.WITH THIS BACKGROUND, IF OUR DONORS WERE GIVEN A CHANCE TO CHOOSE A PRESIDENT FOR US THEY COULD NOT HAVE GONE FOR PETER.THE DONORS ACTION SO FAR HAVE DEMONSTRATED THAT JUST LIKE THE ALL MALAWIANS EXCEPT FOR THE LOMWES OF COURSE HAVE NO TRUST AT ALL IN PETER MUTHALIKA. HERE IS A BIG TEST TO KPMG – MALAWI… Read more »
Sankhanizakaliya
Guest

If it is,don’t hide akuluakulu bcz u jst veiw the minor ones

Federalism
Guest

Tikungovuti enafe pamene Anthuwa ndichimozimozi

Chikasandungu
Guest

Tinangopanga mistak kuvota boma ili,komatu zipani zinalipo zambimbi,kaya tiona mwina mulungu watinsungira zabwino koma nde eeeeeeeee!!! pokwana ma prsdt 10 chumanso muno chisala ndi anthu ochepa.

Salter
Guest

Zikhaletu zenizenitu apa sikuti asiyile pa njira ayi!

ZIKOMO KAMBIRI
Guest

Zikhale zenizeni komanso pa Mulakho Broadcasting Station Mudzalengezenso

namitupa boy mj
Guest

i agree with germany government, all stolen money must b fully recovered & culprits b arrested.tatopa ndikufufuza, no actions?

wpDiscuz

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