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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33 thoughts on “K92bn DPP cashgate audit starts – Malawi Auditor General”

  1. MKWAPU says:

    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

  2. abdullah says:

    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 iborn thes county?
    Not malawi i used to know with love peace and harmony.

  3. muffins says:

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

  4. VYOTO says:

    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 TO PROVE ITS PROFESSIONALISM ON THIS EXERCISE.BARKLEY TILLY ALREADY SET THE STANDARDS IN TERMS OF TIMELINESS AND QUALITY.DELAYS ON THIS AUDIT (MK92 BILLION) UNLIKE THE MK20 BILLION AUDIT HAVE ALREADY BEEN NOTED, INFORMATION REGARDING COMMENCEMENT AND CLOSURE OF THE AUDIT ARE NOT BEING SHARED WITH THE PUBLIC.

    KPMG’S REPUTATION DAMAGE IS IN THE PIPE LINE!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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

  6. Federalism says:

    Tikungovuti enafe pamene Anthuwa ndichimozimozi

  7. Chikasandungu says:

    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.

  8. Salter says:

    Zikhaletu zenizenitu apa sikuti asiyile pa njira ayi!

  9. Zikhale zenizeni komanso pa Mulakho Broadcasting Station Mudzalengezenso

  10. namitupa boy mj says:

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

  11. K92 Billion audit was supposed to be done first before the 13 Billion audit, God is watching you and all of you will be punished. Mulungu siosewera naye kuti inu mukazunze mizimu ya anthu. God is in Control.

  12. Ganizani n says:

    Kodi cashgate ndi ya lutepo basi? Daily tikukamba zaiye, anaba yekha 20bn? Mangani ena nzathuyi apumeko

  13. Mzozwerahai says:

    MR KAMPHASA, TELL THE NATIONA THE TRUTH EH! CAMEREON BAMBO. FEW MONTHS AGO YOU WERE SOLELY FOR JB AND NOW YOU TALK VOCAL AGAINST LUTEPO AH! NDI ZIKO ILI BABA THE SAME CHAIR YOU ARE NOW,OTHERS WHO TRULY GONE TO SCHOOLS
    KU ULAYA FAILED. MIM YOMWEYI MUKUNAMIZA NAYO ANTHU? DO YOU LUTEPO IS A
    GRADUTAE THAN YOURSELF? TELL THE NATION THE TRUTH BABA.

  14. Muhlomwe wankulu says:

    Mulli ndi Mbwiyako Mathanyulayo wa zino limodzi nkamwayo mukumva bwaa? Simunazi bibile muntamva zankhaniyi koma? Munya muona!

  15. Mccarthy says:

    Nothing will come out believe me, these politicians, they taking for ride.

  16. Billy Wayatsa says:

    Why did Bingu pretend to be fighting corruption when he was No 1 thief? He arrested innocent people on stupid charges of corruption when he was the main thief.

  17. Quota system says:

    Where did the money for building ndata come from?

  18. Chilungamo Chimawawa says:

    Please you Auditors do your professional job perfectly without taking bribes or fearing any authority. I know DPP and Peter Mutharika will try their level best to hide information and use all financial means to bribe investigators because it is what they are accustomed to. Malawians want to know the truth behind the plundering of this huge amount of money!

  19. Apm kdi wagona? Dzuka tipemphere.

  20. KING SOLOMONS WISDOM says:

    REVOLUTION,REVOLUTION I SEE IT COMIN GOD SHALL GIV US ACOUNTABLE LEADERS .LETS KEEP ON PRAYING.MAY GOD ALMIGHTY SEE US THRU PEACEFULY. DONORS R SAYING MEND THE LEAKIN BEGGARS BUCKET,BUT THE SAME CULPRIT GOVT. IS EVEN MAKIN MORE HOLES IN THE BUCKET WITH IMPUNITY,LOOK AT NACGATE AND PRESS BRIBERLY AS EVIDENCE.THERE IS NO SECRET UNDER THE SUN . GOD DID NOT LET THE ISRAELITES DOWN AND THE SAME GOD WHO NEVER CHANGES IS WATCHING HIS SONS.MALAWI HAS MANY ISRAELITES-AND GOD ALMIGHTY IS WATCHFUL ON THEIR WELBEING.CAN ANYONE DEFEAT ISRAEL??.MALAWIANS LET US BE STILL AND PRAY AND WE SHALL KNOW THERE IS GOD ALMIGHTY IN MALAWI.I CAN SEE CHARIOTS GETTING STUCK IN THE MUD. GOD BLESS MALAWI.

  21. nabanda says:

    Tiyeni nazo. Afufuze basi!

  22. Patriot says:

    Why the secrecy?
    JB was open with the K24 Audit Firm.
    DPP mukufuna kubisa chiyani? Kapena ndalamw zaku Germany zo mwadya ngati zaku NAC?
    Ndani sadziwa kuti dzina la Lutepo lilimonso mu K92 billion loot? Ndipo ndalama zambiri anaba nthawi imeneyo. Paja ankafuna kuyambisa Company ya ndege.

  23. nikisi says:

    There is no doubt that the person at the center of all these cash gates is Ken Lipenga the only person who was finance minister between 2009 and 2013 in both regimes without break,and was also involved in the MRAgate where money was borrowed from commercial banks to fill the gaps at exhorbitant interest rates and had lied to parliament until George Mnesa uncovered the deal gone bad unjustly enriching the banks.
    The Reserve bank governors,the MRA director generals and the CEOs of the National and Standard banks together with the secretary to treasury,the accountant general and budget directors of the time should equally be seriously taken to task on this investigation.

  24. Mojamoja says:

    The audit should start from 2005 to 2012, the whole period the DPP was in power and not only from 2009!!!!!!!!!!!!!!!!!!

  25. Wawaman says:

    A Lutepo akawapezanso apa aziti Bingu amapindula nawo, Why accepting to just being used like a condom?

  26. winston chigulu says:

    Vuto olamulawo ali mu NAC GATE tilibe pothawira

  27. Jakisoni wa malungo says:

    Ine akuluakulu to be honest am now tired with these cash gate stories. They are investigating up to when and when are they going to finish the corruption cases? They keep on investigating but the steaing is still going on and on. Tikhalire zimenezi?? Look now the NAC gate, if true??? what shud we expect from our leaders, is malawi going to develop? The roads we have been seeing during kamuzu era are still the same ones we see today. No improvements nothing!!!

    ASATIUZENSO ZA KUBA KWA NDALAMA, AMENE ATABEYO MWAYI WAKE. KULAMGA KWAKE AKUDIKILA CHANI? KODI ATAWALANDA ACHINA LUTEPO AND SELL THEIR PROPERTIES , SENZANIS MANSION ETC YOU MEAN THEY CAN NOT DO SOMETHING ZOONEKA?

  28. Kakha Erutu says:

    Pangani zomwezo a NAO tithese mnyozo. Wakuba ndi yemwe anachulidwa kale uja ndi a Lutepo.

  29. smartmpepe says:

    German come on keep on pushing,these thieves must known to the public

  30. jumujum says:

    sapezeka wapezeka Mulungu akuona zimenezi ngati anamva kulira kwa ana a israel ifenso Mulunguyo atimvera kulira kwathu K92 billion ndalama zambiri ndithu.

  31. vindere says:

    Malawi is drowning and there ‘s nobody near to rescue us.

  32. jumujum says:

    K92 billion kwacha cashgate amalawi mumadziwa kuba. inu ofufuza fufuzani bwino ife amalawi tikufuna kuti ndalamazo zibwerere msanga kuti tigulire mankhwala m’zipatala. m’chipatala kumasowa ndi asipulini yomwe boma loipa iri.

  33. Lake Malawi says:

    Zayambika, Kaya zanu izo ine ndiri pheee kudya bonya wanga.

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