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.

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.