Malawi needs redemption: HTD Ltd and the untouchable cashgate Asians

Before I present my reflections and analysis in this entry of Loose Cannon , let me commend my readers for the fabulous response that I have received in terms of feedback. Some were encouraging comments about my perceptive jottings while other -usual suspects – were annoyed with me being a critic of those holding public office. Never mind of threats poured to me, I am not a coward so I don’t dwell much on that.Loose cannon

Now, to the current subject.

Malawi needs redemption but it is not forthcoming. The only cancer that is eating at its very core is bribery and corruption.

The country has in place good governance institutions such as Anti Corruption Bureau (ACB) and Financial Intelligence Unit (FIU) yet nothing is working. In fact some individuals in the very same institutions are the ones that are prone to corruption. Wasn’t someone arrested the other day at FIU because of bribery and selling of information for money?

It forced the body to issue a statement to the media to try to clear the embarrassment, yet it communicated nothing apart from proving guilt.

The tragedy is that even when media highlight these issues no one takes notice and this malaise is prevalent even in the highest echelons of government.

Nyasa Times exposed the intricate syndicate web of the murky world that is HTD Limited externalising money and winning tenders and being paid top dollar through suspicious means yet nobody seems to care.

Financial Intelligence Units of South Africa and Hong Kong are being engaged to check the colossus that is HTD, yet the presidency is quiet.

Auditors recommended that Malawi Revenue Authority should consider assessing tax obligations for HTD and that Reserve Bank should investigate the illegal transfer of forex yet nobody is taking action.

Anti Corruption Bureau was also advised to prove the payments from Ministry of Defence that were in order and that goods were supplied and that Fiscal Fraud Unit should investigate the invoices that are used to clear vehicles if they are different from the ones sent to Banks for forex application but both bodies are waiting to sit down properly before taking action.

The Baker Tilly’s cashgate report estimated K20 billion ($38.2 million) looting in government for goods not delivered and services not rendered for a six-month period between April and September 2013 and some guilty companies are owned by Malawians of Asian origins yet, none of them has been interrogated or mentioned as witness in a court of law.

The ‘K577 billion’ reconstruction of cashbook carried out by PricewaterhouseCoopers also reveals a number of companies of Malawians of Asian origins being at the heart of Cashgate and yet nobody has been asked to stand before a court of law.

Is it because some of the Asians involved, such as managers from HTD, have British passports and Malawi does not want to upset the British this time around by arresting their citizens?

Even in Britain, HTD Limited boss Abdul Majid Aboobaker has a track record. A research on him shows his companies, Caber Trading in 1995 and Falcon Crescent Corporation Limited were involved in bootleg deals.

But Malawi belongs to all Malawians. President Peter Mutharika must do the right thing and act on ‘cashgate’ Asians in general and HTD in particular. His inaction is complicity and one wonders whether it is because his party, the DPP, is largely funded by Asians.

As for HTD, remember that he personally opened their so called Motor City office complex at Ginnery Corner in Blantyre. First Lady Gertrude Mutharika’s charity is also beneficiary of HTD largess. HTD member is an official of First Lady’s charity BEAM. Is this what is tying APM’s hands?

Time to put a stop to this  “double standards” of not pursuing Malawians of Asian origin doing business in the country involved in financial scams in government.

Loose Cannon newslog is waiting and Malawians are waiting.

Corruption is worse that prostitution. The latter might endanger the moral of an individual, tje former invariably endangers the morals of the entire country.”Karl Kraus

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Soulsista
Guest
Mw for life….sukuvesesa zinthu. If you are a constructive analyst then you will be able to draw out critical themes from these comments. Mind you …..Most of these comments are based on facts not second opinions. ….Those commenting know what they are talking about…plus the author has a point..Sizugwirizana with being educated…tiziopa kunena zomwe tikuona?? Za Racism osayamba cx az far as I kno we are a peaciful nation….foreignerz know this very well…infact its these foreignerz omwe amatisala…. Tisapite kutali: Zenophobia….Wasnt tht out of racism?? Plus maforeigners analiko ambiri but omwe anakhudzidwa kwambiri anali ndani?? Malawians….ndipo ma report timati SouthAfricans… Read more »
malawi for life
Guest
Its so sad to read all the comments here. All you that talk about indian pakis ..asians etc.. what are you thinking?? Are all the foreigners same?? Look at your hand ..look at the fingers are they all the same??? Hmmm..are they??? Well lets not be racist. I have alot of malawian freinds and are more close then my fellow indians, pakis in short foreigners.! Ask yourself ..according to what some of you say on here. Lets say there are afew malawians ..criminals that im talking about, now would you say all malawians are criminals, just for some u cannot… Read more »
Yosefe Gambatula
Guest
Malawi is a rich country.If Malawi was not rich,you wouldn’t see all these Asians rushing to Malawi and some are claiming to be losing their passports on weekly basis if you happen to check on the newspapers on lost properties.It has become a common trend with Indians and Pakis..These crooks are conniving with our immigration people to get some dodgy work permits.They have capitalised on the crooked system of politicians who are only interested in self enrichment than developing the ever dwindling Malawi.Its time all Malawians woke up and demonstrated in the street to remove the crap leadership that is… Read more »
thako la mmwenye
Guest

kodi iwe matemba, Alexander Makina,mpongozi wa a lipenga ku mangochi kuno amangidwa liti? Anaba nawo za cashgate ameneyi ndipo akuti anamuthawitsila ku embassy ku zambia chifukwa akudziwa zinsinsi zambiri za a mayi

RIPPERS
Guest
WHY ARE WE CALLING THESE BRITISH CITIZEN – AND HOLDERS OF BRITISH PASSPORT – MALAWIANS OF ASIAN ORIGINS – THEY SHOULD BE SIMPLY CALLED EXPATRIATES AS THESE BRITISH PASSPORT HOLDERS ARE NOT TRUE MALAWIANS IF THEY ARE TRUE MALAWIANS THEY SHOULD HAVE DENOUNCED THERE BRITISH CITIZENSHIP AND STAY WITHIN MALAWI AND PAY PROPER TAXES AND MAKE MALAWI BETTER BUT INSTEAD OF DOING THAT THESE BRITISH CITIZENS ARE WHO ARE WITH BRITISH CITIZENSHIP STAYING IN MALAWI WITH PERMANENT RESIDENCE PERMIT THEY ARE HERE TO GET BUSINESS OUT OF GOVT AND DOING BUSINESS IN MALAWI AND GET FOREX OUT OF COUNTRY BY… Read more »
chilipaine
Guest

WE NEED “OPERATION TIBWEZERENI”…THE SOLDIERS WENT AMOK IN 1993 TO FORCE MYP TO HAND OVER ARMS, WE SHOULD MOBILISE FOR ALL THE STOLEN MONEY TO BE RETURNED….BY ANY MEANS NECESSARY…

Truck
Guest

MALAWI WE ARE FAILING TO DEVELOP BECAUSE OF CASHAGTE LOOK AT MOZAMBIQUE AND ZAMBIA THEY ARE MUCH FURTHER DEVELOPED MORE THAN OUR COUNTRY MALAWI AND YOU MUST WATCH OUT THE WHOLE WORLD IS WATCHING ON US.INSTEAD OF PUTTING TOUGH LAWS ON CASHAGATE TO GIVE THEM BAIL THATS WHY NOW CASHAGATERS ARE PLANNING TO KILL LAWYERS HOW CAN YOU GIVE A DANGEROUS CRIMINAL BAIL ITS A JOKE

Soulsista
Guest
For the Indian please read the article careful…….It is refering to all Malawians including those of Asian origins plus Asians non-citizens. Asia is a Continent and has 48 nations. Asia is not only India….Get it straight Plus there are alot of playerz involved in Cashgate apart from topdogs on the A- List. So Thom’s focal point is to look at this scenario beyond Govt. officals……which to me is the way to go…I mean how come we have more Asians flocking to Malawi which is perceived a poor non- opportunistic country?? and why Asians be involved in Real Estates?? It is… Read more »
Dwambazi
Guest

Dzuka Malawi DUka. Lets mobilize!!!

Khamani!!
Guest

Nothing will happen unless people take to the streets . If you don’t threaten them in their homes where they “eat” your money then you might as well forget it.

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