K92bn forensic report not ready: Malawi AG says only ‘audit query’ analysis

A forensic audit report expected to unravel the  K92 billion (US$206.7 million) Cashgate which was reportedly mismanaged during the first Democratic Progressive Party (DPP) is not ready , Auditor General has said confirming what President Peter Mutharika told a news conference last week.

President Mutharika:  Just an audit query

President Mutharika: Just an audit query

Mutharika told journalists that there is an “audit query” involving the K92 billion.

The President, however, explained that the said report to be released should not be confused with issues revolving the cashgate scandal.

“I understand that this was an audit query so let’s not confuse this with cashgate situation”, said Mutharika.

On Monday, a statement from National Audit Office (NAO) signed by Auditor General Stephenson Kamphasa, there is no forensic audit report but the data analysis results.

Kamphasa said the results of the data analysis are only the first step towards a full forensic investigation and does not in any way mention anyone let alone implicating them.

“The data analysis in not a forensic audit, rather it is the first stage of such audit which needs to be looked into and will be followed by forensic investigations.” Kamphasa said.

“ From the data analysis alone, it is not possible to establish exact amounts or causes of the discrepancies nor how many of these funds were misappropriated. Therefore, at this stage, no loss of money has been determined nor the names of those behind it,” reads part of the statement by the Auditor General seen by Nyasa Times.

As a next step, the NAO, with support from German government, intends to conduct and finalise further investigations into the causes, individuals and companies involved and the amount of money concerned within a time frame of around 10 months.

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Roots
Guest
I think the Auditor General should eb entirely blamed for misleading the country. You recall he mentioned of the MK92 billion as a counter to cashgate under PP. He was politicall and i wonder why you still keep him in the office. The AG was unproffessional and remain so. I can assure the country that he will find it difficult to convince the people that MK92 billion was cashgate. He used PP to attack DPP now he is changing everything and statements. I will reveal to you later what was contained in the MK92 billion audit query and not cash… Read more »
Memo
Guest

Mr Auditor General can you explain in simple terms what happened to the MK92b so that every Malawan who leaves on less than a dollar a day understands. Where does the trail lead to ???????

KAMBEWA CHISALE
Guest

SO WHO is fooling who? THE contract was to Audit AND not WHAT YOU WANT to cheat us. Fossil. Very soon the contract will be posted in THE social media. That’s the end of Dpp.

Edmund
Guest
I appeal to the German government to help Malawians not just in funding the Audit exercise but provide the technical support and supervision in the whole exercise so that at least the truth can be known whether we lost MK92B or not. As Malawians we are a very weak race (endangered species) we can not riot against a corrupt government that is why politicians have always taken us for a ride right from the days of Bakili Muluzi, Bingu, Joyce Banda. Believe me these noise will soon die away and no action will be taken against the offenders. That is… Read more »
kenkkk
Guest

The important thing is the trail of evidence and where this trail passes through who and to whom it eventually ends.Of course names spice up the report.

But names or no names it doesn’t matter you dpp stupid heads or those clamouring for names. Peter’s name may not be there or may be removed but the trail of evidence could end up at his feet and therefore get nabbed. Do you get it auditor general? There is therefore no need for you the AG to defend or try to protect anyone here mentioned or not.

Douglas Ndindi
Guest

This is indeed Malawi. One day we hear of “audit report”, the next day we are told it’s an “audit query”. All these coming from people who are professionals in the field of auditing. Are these two different things, or maybe the difference is in how these “professionals” interpret one and the same thing? Inu ma auditor musatizunguze mitu, mwamva? Can you agree on one thing and tell us what exactly it is? And don’t forget to tell us the difference too!! Iyaah!

Mhesha
Guest
The major challenge amongst Malawians is PHUMA! This lack of patience erodes their ability to listen and understand the true shape of any issue. These auditors, PWC, are internationally recognized professionals and it is even much better because in this task, they are being funded by donors in the name of the Germany Government, and not DPP government, as this would have been another issue to cause a lot of noise from many Malawians. Right from the onset, PWC stated that they will carry out the task in 19 months. As of now, we still have 10 months to go,… Read more »
Thomas
Guest

Y this morning Mr President saying is not ready this after noon Mr speaker he got it what kind of government is this tell me guys

sipokosi
Guest

I thought Price Water house has already finalised the audit/investigation? Why do we need another investigation by NAO? NAO have already taken too long to finalise this query. How sure are we that this time around they will do the needful. How independent is the auditor General? How can we force Price Water House to submit their report to Parliament?

Tione
Guest

Patrick Phiri ndiwe mbuzi. Umadziwa kuti wamisala adaona nkhondo? Iwe sizikukuwawa eti? Amakugawira? A Malawi ndinu anthu osatheka ndipo simudzathekanso. Zoona mtchona azitibera ife nkumasekerera zopusazi kwinaku tikuvutika? Mxiii!

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