Auditor General office says investigation in K236bn cashgate now enters last phase

Officials from the office of the Auditor General say investigations into the infamous K236 billion now goes into the third and last phase.

Kagwamminga: Money now available

Spokesperson for the National Audit Office (NAO)  Rabson Kagwamminga  said following the release of K500 million from Treasury on the exercise, the office is now doing procurement and outsourcing of jobs for the exercise.

Finance, Economic Planning and Development minister Goodall Gondwe announced in parliament that the government has set aside K500 million for the auditing and investigation of the K236 billion cashgate, spanning in two administrations of late Bingu wa Mutharika and Joyce Banda.

Government has battled allegations that there are seven cabinet ministers involved in the infamous cashgate.

The Attorney General Kalekeni Kaphale ordered the Auditor General and the Anti-Corruption Bureau not to release the findings of the first and second phases of the investigations.

“The money is now available and we are following procurement procedures,” said Kagwamminga

The United Kingdom’s Department for International Development say they will provide technical advice.

A foreign forensic investigator is expected in the country to help with the investigations. There are reports that former president Bingu wa Mutharika amassed over K90 billion in offshore accounts.

President Peter Mutharika has vehemently denied these reports.

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Umwana Wamwana Wane
Umwana Wamwana Wane
5 years ago

What surprises me is the behavior of the Attorney General. What reasoning is there for him to stop the publishing of the names. Is he trying to work for the 7 cabinet ministers or for the good of he 17 million Malawians whoes taxes are being abused. Let him allow the Auditor General or parliament publish the names. If the ministers have a case to answer so it be, if not they will be freed. He tried to defend Chaponda but see what happened, MK166million cash in the house for such an educated man when he knows pretty well that… Read more »

5 years ago

A twist in the story, i thought parliament was to release the names last month. Oh Oh Oh so that guy was lying parliament has no powers we said this the same time this guy was boasting. Ha! ha! ha!

5 years ago

While the government has the power to cover up the results of any enquiries, further investigations are just a waste of money: the truth is out there already: it just needs to be accessible for all to see…and quickly, before Malawi is drained dry of public funds.

C Banda
C Banda
5 years ago

“Government has battled allegations that there are seven cabinet ministers involved in the infamous cashgate.”

The media is very coy about naming the seven ministers, but it must be common knowledge as to who they are. Where on the internet can simple villagers find these names?

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