K92bn cashgate report first, budget second – Malawi opposition

Opposition members of Parliament have vowed to block the passage of this year’s budget until a forensic audit report on the K92 billion (US$206.7 million) Cashgate which was reportedly mismanaged during the first Democratic Progressive Party (DPP) administration is table and debated in Parliament.

Goodall walks in Parliament
Goodall walks in Parliament

K92 billion went missing over the eight years of the presidency of the late Bingu wa Mutharika and the structure of that government is the same which incumbent Peter Mutharika is using.

Germany-funded financial investigation—conducted by PricewaterhouseCoopers (PwC) will expose ministries and departments behind the K92 billion heist between 2009 and 2012 as well as broader public finance malfeasance as it also covers the years up to 2014, according to sources close to the audit exercise.

There fevered speculations that the President may be implicated in the cashgate scandal and top ministers in his cabinet.

National Audit Office spokesperson Lawrence Chinkhunda said the report is expected to be formally submitted to the Minister of Finance Goodall Gondwe in accordance with the Public Audit Act, for onward tabling in Parliament.

He said the report covers a period of five years, which includes the period when the K92 billion issues occurred but pointed out that it is “not restricted to the K92 billion.”

Gondwe said the report has not yet been submitted to him.

But opposition lawmakers pressed government to release the audit report through the Speaker’s office to avoid the government tampering with its contents.

Addressing a news conference in the evening, President Mutharika said he would pursue convictions in all scandals, pledging that his administration will not spare anyone as far as cash-gate is concerned.

Germany funded forensic audit to the tune of K9.76 billion.

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Cardiac Arrest
Cardiac Arrest
6 years ago

Pricewater house Audit of the MK92B is a Bomshell. I’m glad Mathanyula said no one will be spared. I will hold him to those words. Opposition foot to the pedal don’t let up till this mess is done with,

Mike
Mike
6 years ago

Mukungofuna kumatipweteketsa mutu ndikhani zopanda ntchito. Malawi should move forward not backward. Budget ndi zimenezo amalawi apindulandi chiyani.

Mulakho
6 years ago

Tiyenawoni,speed Yoseyija,kubera Mavot amafuna kubisa zimenezi. Auponda!

zakubwererani
zakubwererani
6 years ago

Afinyenikwambiri ndalamazo zinachuluka udyo

Munnyabu
Munnyabu
6 years ago

Watch how North and Centre handle important issues I mean the opposition with its coutious speaker: Malawians watch how these God sent, will rescue u from jaws of these Yao and Llomwe hypocrites, they wil fish them out on this one no one is shielding them infact everybody is feed up enough is enogh

Agama
Agama
6 years ago

If the budget passes then this money is going to be cashgated as well.So we need the report first.You rushed to rig the elections hoping to conceal everything,Oh you missed the point.You just brought yourself into Lions den.What goes around comes around!!

gona nkuphe
gona nkuphe
6 years ago

Cashgate ya mayi jb anthu anamangidwa mpaka pano akumangidwabe ndiye awa amangidwe nawo basi, nobody above the raw

Mabvuto Chiumia
Mabvuto Chiumia
6 years ago

TABLE IT NOW IN PARLIMENT

A M
A M
6 years ago

AT THE AGE OF 75 UPWARDS EVERYTHING IS UPSIDE UPSIDE DOWN

I HAVE MY GRANDPA OF THE SAME AGE

OH MY GOSH

James Alfonso
James Alfonso
6 years ago

I hope they will listen to opposition and bring the report, other wise I see the government parading chiefs to back calls for budget.

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