Germany fund Malawi probe on DPP K92bn cashgate

Germany government has funded a comprehensive forensic audit of ministries and departments covering the period between 2009 and 2012 under the Democratic Progressive Party (DPP) rule in what is being christened as ‘DPP K92bn cashgate’ scandal.

The German Ambassador to Malawi Dr Peter Woeste: Recover the cashgate money

The German Ambassador to Malawi Dr Peter Woeste: Recover the cashgate money

President Mutharika: Germany wants the K92 billion 'audit query' to be thoroughly investigated

President Mutharika: Germany wants the K92 billion ‘audit query’ to be thoroughly investigated

Germany has given EUR18 240 000.00 (K 9.76 billion) to conduct an audit into the fraud.

“The German-funded audit is to quantify the amount misappropriated over the period 2009-2013,” Katrin Pfeiffer, head of development cooperation at the German embassy, said in a statement.

An interim investigative audit report of the government payment system known as Integrated Financial Management and information System (Ifmis) that the National Audit Office carried out between November 2011 and first half of 2012, which was kept under wraps, showed that government lost over K90 billion through abuse and irregularities.

Price waterhouse Coopers (PwC) International has been named as the audit firm to carry out the exercise.

Pfeiffer said her government had provided support to this audit as one of many components under its technical cooperation project Strengthening Public Financial and Economic Management in Malawi, implemented by GIZ.

“The German-funded audit will build on experiences and findings of the British-funded audit,” Pfeiffer told Weekend Nation.

She added:  “The audit is to quantify the amount misappropriated over the period 2009 – 2013. It will be submitted to the Auditor General in order to be used by the Malawi authorities (Executive, Legislative and Judicative) and other interested parties to determine suitable actions to remedy the situation caused by the presumed misappropriations.”

Germany has  stressed that  it wants the full recovery of money that was stolen through cashgate to resume budgetary support to Malawi.

“We are much interested in the recovery of money and the arrest of the culprits,” German Ambassador to Malawi Peter Woeste told Capital Radio, a private broadcaster.

Germany envoy said Malawi government has to seal all loopholes first to warrant aid resumption.

“No one would put money into a bucket that has holes and is still leaking,” he  said.

Revelations

The drama began in September 2013  when Paul Mphwiyo, the then  budget director and the person former president Joyce Banda  had tasked to close the loopholes in the public purse, was shot three times in the head in Lilongwe. Miraculously, he survived the attack and is amongst state witness in his shooting case.

Ralph Kasambara, former minister of Justice, has been accused of orchestrating the assassination attempt of Mphwiyo and if facing charges related to that. He is also facing separate money laundering charges together with chief suspect Oswald Lutepo.

Some 60 cashgate cases are in the courts, and this week the justice minister Samuel Tembenu indicated in parliament that more people involved in the plunder will be arrested.

The Anti Corruption Bureau (ACB) says roughly K20 billion went missing Banda’s two year rule. They add that probably another K90 billion went missing over the eight years of the presidency of the late Bingu wa Mutharika, equal to roughly $500m at the exchange rate of the time.

In total about 30 per cent of the country’s budget could have been looted over a decade – almost as much as donors have provided Malawi over the same period.

A  first  senior government official  Treza Namathanga Senzani was jailed last week  for three years over the scandal.

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vecious
Guest

those who took part in cashgate should face trial.even though he or she is in a high position.

tonde
Guest

we all sinners,dont blame others

Ex-con
Guest
After scanning through many comments some fools are blamining the whites for cut off aid or loans to the motherland. To be honest, we should blame ourselves for letting these thieves govern our beloved country. These people are busy firing competent Malawian from top jobs including MRA and replacing them with the mulakhos who did not even spend time at tertiary education. Very sad. They are busy catching small fish on cash gate leaving big ones which might include APM. You want a proof, remember how they deprived MCP of its victory in May 14? I am not a sympathetic… Read more »
Wanzeru Wakummawa
Guest

Apa nde yalakwa basi, take cover

Favour
Guest

Nanu a DPP mukamangovomera zili zonse zomwe atsamunda anganene ndiye zanu.Don’t we have auditors here?Kupeputsa boma kumeneko.Let them go ndi ndalama zawozo.

mona
Guest

Maina a 13 billion atuluke

Mbowe Mulambia
Guest

God has answered our prayer chilungamo chioneke.

Nkhwanjee!
Guest

MCP, that’s the blessing of being in opposition – you are clean, clean, clean, clean, but DPP eesh! dirty, filthy, tainted, bloody hands. PP ooh! make mbu mwana mbuuu
, UDF wow! in between.

Akweni
Guest

MCp clean? From which planet are you from? There is no party that is clean in Malawi,because the people are the same,they just change colours,in fact MCP is the dirtiest party in Malawi,people used to be fed to crocs can you imagine that?shut Tha f*****k up now,you bell end!!

Mwini chisa STENZO
Guest

President akalowa m’boma should not favour tribe imene ali but considering all tribes ALOMWE ALOMWE KWACHAN ZIKAKUKANIKAN LAWIRAN AMZANU AMVINEMO NDILOSIYIRANA BWALO OSADZIONA OCHENJERA MUPUSA GOD IS NOT HUMAN AS OF NOW SIMUNGATISANDUTSE ANYAN sitingakusiye ngati tidafa until u say amen

Leader of opposition
Guest

Yaa! Apa ndie movie ikoma tsano.

wpDiscuz

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