K62m yet to  be recovered from tractorgate, says Malawi govt

Government told a parliamentary committee that only K62 million has not been recovered from the controversial sale of tractors and other farm equipment infamously known as tractorgate.

The tractors that were auctioned off to Malawi government ‘beneficiaries’ for a pittance instead of given to farmers

Ministry of Agriculture director of administration Maxwell Tsitsi said this on Wednesday when he appeared before the Public Accounts Committee of Parliament.

He said so far, K360 million was recovered from the beneficiaries who included powerful politicians, businessmen and civil servants with high connections in government.

The farm equipment was bought using a loan from the Indian government and was meant to benefit low income, poor subsistence farmers before the powerful people hijacked the whole project.

The committee accused the government for selling the farm tractors at low cost.

The ministry officials conceded the equipment was indeed under-valued during disposal.

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Angoni apaphata
Angoni apaphata
10 months ago

Recover the tractors foolish

Mzozodo
Mzozodo
10 months ago

Stupid, so for all the ngongole we are repaying, people bought that fleet at K422 million? Bullshit

Kaisi Kaisi
10 months ago

After recovering the bloody money is the government going to pay back loan? Or the funds will be siphoned again???

Upile
Upile
10 months ago
Reply to  Kaisi Kaisi

This is a valid question. Infact my extension is is the recovery inclusive of interest or taxpayers will shoulder that portion as usual

Mabvuto
Mabvuto
10 months ago
Reply to  Upile

So out of k50 billion you have recovered k360million only, the rest we Malawians should pay on your behalf ,this government is trush indeed

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