Mutharika plans to keep K92 billion cashgate under wraps

Five month before the official report on the missing of K92 billion during the reign of Bingu wa Mutharika administration is out, President Peter Mutharika is already dismissing the loot as untrue.

President Mutharika: There is no such a things as K92 nillion cashgate

President Mutharika: There is no such a things as K92 nillion cashgate

In a recent interview with the state controlled MBC, Mutharika firmly dismissed the reports that the K92 billion went missing under the nose of his elder brother between 2009 and 2012.

“There is nothing like K92 billion, that is not true,” said the President.

The Auditor General told Malawi Parliament that it is investigating a staggering K557 billion that includes the K92 billion which went missing between 2009 and 2014.

Opposition MPs nearly rejected the national budget of 2015 and 2016 demanding a forensic audit report on the missing money.

Former president Bingu wa Mutharika is accused of amassing wealth in billions of kwacha during his term of office that ended tragically in 2012 when he died in office.

At the start of his office in 2009, he declared he had K150 million in wealth.

In May this year, a financial analysis report by audit and business advisory firm PricewaterhouseCoopers (PwC) established that about K577 billion in public funds could not be reconciled between 2009 and December 31, 2014.

In 2013, the shooting of former Ministry of Finance budget director Paul Mphwiyo led to revelations of the plunder of public resources at Capital Hill christened as ‘Cashgate’

Former president Joyce Banda ordered an audit which British forensic auditor, Baker Tilly, undertook between April and September 2013 and established that about K24 billion was siphoned from public coffers through dubious payments, inflated invoices and goods or services never rendered.

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patrick
Guest

mbava izi muzakapsa kumoto wa gehena inu kubela amphawi

patrick
Guest

this makes me to believe in my self. When Dr Bakili Muluzi apointed the late Bingu as ayellow candidate ifor the first time ditched yellow for then NDA .ismelled this shit .ijust dont like these thugs

Chigawaneni
Guest

Yet the poor ordinary civil servant is forced into the so called Civil Service Reform Programme. Are these architects of the programme, reformed themselves or they want to reform now that they have done the did and have had enough? Amalawi ndiye tikuphulitsidwa njerwa zamoto ndi andalewa. Chosangalatsa nchakuti Mulungu akuwona zonsezi.

not myname
Guest

Kodi tiziti joyisi adalinazo nzeru zofuna kudziwa zoona zomwe anthu angalankhulepo zonena boma lake eti? koma pitala eee sangayelekeze kufufuza dala poti mwina atha kudzithilira yekha chitedze pogona.Akanakhala joyi zikanamuwawa mpaka akadati, ‘a zungu aja bweraninso tafufuzaninso apa ine sindifuna kundimveka chinyau ai, aliyense adziteteze yekha,kuli bwino azilankhula zina osati JBF ikathandiza aziti zachoka m boma.’ Pitala Vuto lako ndi chiyani?pepa pepa pita tamvako dandaulo la anthu iwe,kodi upolofesa wako ndiwaugonthi?

Senior Chief Ngongoliwa
Guest
Senior Chief Ngongoliwa
JB is to blame for giving these thieves called DPP government on Silver Platter.She had all the chance to prevent it koma kunsava.When reports of suitcases filled with forex emerged after Bingu demise, instead of pursuing them she dismissed them as untrue.I know she did that on purpose that she would indulge in similar malpractice. See what her opponets did when her cashgate came to light-they pounced on it.She made more misstakes by picking Gwengwe as runningmate who has now deserted her.Had she pursued the DPP thieves ruthlessly including UDF’s Bakili Muluzi she would not be in self imposed exile… Read more »
Zanga Phe Basi
Guest

but your friend JB tried to let the audit take place though she knew pretty that she was part and parcel of the saga.

whether u like it or not you guys stole our money after returning from wherever u went and came back with nothing tangible.

Backilie Buluzi
Guest

The poor are never in the minds of these thieving politicians. Even the deputy speakers are in the spot light of katangale. What a country! We are in hell.

shiro
Guest

usova…….

Bwampini
Guest

APM has spoken like a real honest THIEF. Mathanyula reasoning! Kuti tenga ngati wana wobadwa dzulo! Shhhhupit

angoni apaphata
Guest

Wakula apa ndi uchitsilu. Audit imafulumika follow up. Tagwira ntchitotu ife mmbomamu mpaka pension. Mukunama chani apa ,

wpDiscuz

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