Email a copy of ' KPMG faults Illovo Malawi in multibillion Kwacha fraud: Case adjourned' to a friend
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Email a copy of ' KPMG faults Illovo Malawi in multibillion Kwacha fraud: Case adjourned' to a friend
In a bid to appreciate talents and innovations made by gospel musicians in the country, the Lilongwe based promotion firm,...
Eastern Produce of Malawi (EPM), a company that grows and processes tea in Mulanje and Thyolo MUST be externally audited too. Malawi could be loosing revenue from EPM too. The company buys too much from abroad just to give their foreign friends business.
For once it’s not money stolen frm government. Very rare indeed!! Let’s see a mbhuno locked up because of this corruption..but in Malawi, he will buy his freedom
I was hoping to hear that Malawi government is an interested party in this case because a lot of forex was dubiously externalised.
Forex as well as Corporate Tax. Most of the transferred funds would have been deducted as (illegal) expenses , thereby reducing taxable profits. MRA should have been involved in this case. For the record all the big foreign owned companies in Malawi evade corporate taxes in this manner. Having worked in the tobacco sector, Tom Malata of MRA should know how the fake expenses are “generated”. It has been going on for years, aided by the big audit firms…
Shaa! at the helm of finance of Illovo Malawi is a former Deloitte audit partner, Mr Katandula a very knowledgeable and brilliant mind, I hope this does not tarnish his career.
This happened before he changed jobs, nsanje lekani bwana