Chakwera pledges fresh probe into cash-gate if elected as Malawi leader

Malawi Congress Party (MCP) President Dr. Lazarus Chakwera has pledged that if voted into power next year, his party will re-investigate the looting of public funds at Capital Hill to catch allegedly shielded “big fish” and close all implicated banks.

Chakwera said this when he addressed a news conference in Lilongwe on Friday.

“All the beneficiaries to the cash-gate will be re-investigated and be brought to book. Banks involved in the scandal, will be investigated and closed down when found aiding and abating the money laundering activities that the cash-gate scandal has created,” said Chakwera.

Information technology (IT) specialists recently recovered a list of 50 fraudulent companies that were involved in the plundering of funds at Capital Hill.

Chakwera: There will be fresh investigations
Chakwera: There will be fresh investigations

The document shows that the 50 companies accumulatively were paid K1 330 000 000 yet they had no contract with government.

President Dr Joyce Banda recently told the press at Sanjika Palace in Blantyre that she would not shield anyone involved in the cash gate scandal.

The Malawi Council of Churches (MCM)  has since called on government and other stakeholders to have a concerted effort that would help to develop a roadmap in dealing with the financial scandal.

MCM made the call in statement signed by Chairperson, Rev Alex Maulana and General Secretary, Rev Dr Osbone Joda Mbewe.

“This kind of looting which had been there for years has had negative impact on rural masses that are the hardest hit as they are more dependent on public services.

“Besides that, this kind of looting is also in conflict with EconomicRecovery Plan which was established to transform the economic livelihoods of the people,” reads part of the statement.


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