Five firms cleared by ACB in K236bn Cashgate: Malawi auditors probe 37 more files

The Parliamentary Public Accounts Committee (PAC) has said  out of the 13 files of the K236 billion Cashgate implicated in the K230 billion Cashgate report, five companies have been cleared on any wrongdoing by Anti Corruption Bureau (ACB) due to lack of evidence.

Alekeni Menyani MP: ACB has told us there was no evidence of corruption and the five firms are clreared of any wrong doing in K236bn cashgate

The cleared companies according to PAC and confirmed by ACB are: Top Prima Limited, Rummage Pace, Chicago Suppliers, Malachite FZE and Xelite Stripe Ltd.

Both PAC chairperson Alekeni Menyani and is deputy Kamlepo Kalua confirmed that they had a meeting with Attorney General Kalekeni Kaphale, Auditor General Stephson Kamphasa and ACB director Lucas Kondowe on the progress of  releasing names of companies and businesspersons implicated in the ‘grand corruption’  report.

Menyani said: “The ACB has told PAC that there is no evidence that suggest that there was corruption in the way these companies dealt with the government.”

On his party Kalua said ACB informed that the five firms have been cleared of any wrong doing and that 10 files have been concluded but that the bureau did not release names of the suspects.

“But there are more files which are under investigations. The ACB told us the companies were cleared due to lack of evidence linking to Cashgate and we were satisfied with that,” said Kalua.

“There are now 37 more files that auditors are investigating. We will press on to know more details,” said Kalua.

ACB director Kondowe said they are waiting for the Auditor General to handover the 37 files which are being probed by a private forensic audit firm working with National Audit Office.

Attorney General confirmed the five companies transactions with security organisations – Malawi Defence Force and Malawi Police Services – were legitimate.

The Attorney General maintains that making the names under investigations public could have legal implications.

He said such disclosures could be costly to the government as suspects could sue for loss of business is deemed corrupt in the public eyes and later be cleared on any wrong doing.



Follow and Subscribe Nyasa TV :

Sharing is caring!

Follow us in Twitter
oldest most voted
Inline Feedbacks
View all comments
Vox Rationi
Vox Rationi
5 years ago

And so the whitewash begins. A lack of evidence is not proof of innocence. All these people have had a very long time to cover up or destroy evidence so this is hardly surprising. Two of the major things cited by the Baker Tilly report were supplying to government at inflated prices (as has just happened in the Maizegate and Blantyre Waterboard cases) and payments made without supplying goods or services (Liftgate & Escom cases). Things in this country will never change because we Malawian’s have gone beyond civility to absolute stupidity. Everyday the government introduces new taxes on even… Read more »

5 years ago

So disclosing names of companies after being cleared doesnt imply that they were being suspected of corruption? Its the same as disclosing them now that they are being suspected.

5 years ago

So if companies are coming out clean than who has stolen the money? who do we hold responsible.

5 years ago
Reply to  benjones

Where did you see the money?

Read previous post:
Minister Kaliati  issues stern warning on nude or intimate pictures: Malawi to protect sexual privacy with law

Minister of Civic Education, Culture and Community Development, Patricia Kaliati has warned that government law enforcing agencies  will soon start...