PAC wants Reserve Bank governor interdicted: Malawi cashgate

Parliamentary Accounts Committee (PAC) wants the Reserve Bank of Malawi governor Charles Chuka to be interdicted or be deployed elsewhere to pave way for smooth investigation on the looting of government resources at Capital Hill- the centre of government business in Malawi.

This follows reports that the looting of public resources at Capital Hill as the plundered funds were filtered from the government’s Account Number One at the central bannk, also known as consolidated account.

“I cannot disclose much as the Parliamentary Accounts Committee will make this information known to the National Assembly on Wednesday 6th November, 2013 but PAC wants the Central Bank governor either interdicted or transferred to another department to pave way for investigation, he has to explain some irregularities we have noted which has seen government coffers losing Billions under his nose,” said one of the members within the PAC.

PAC recently resolved to summon Reserve Bank governor to explain the role of the bank in the Capital Hill cash-gate.

Chuka, Reserve Bank of Malawi governor

But last Saturday, Chuka could not appear before the committee as the they had to cancel it to allow members attend a funeral of former minister Eunice Kazembe.

PAC also wants the  Budget Director Paul Mphwiyo , who was shot  in September and is recuperating in South Africa,  to appear before the committee to hear his side of the story.

If that will not be possible, PAC is demanding the government to make an arrangement that some of its members should go to South Africa to interrogate him on the same.

PAC also wants formation of a commission of Enquiry to establish whether Mphwiyo’ shooting is connected to the looting at Capital Hill or something else.

PAC is expected to present a fresh report to Parliament on its findings and recommendations on Tuesday after consultations with various institutions working on the cash-gate such as the Anti-Corruption Bureau (ACB).

The committee has made 18 recommendations, but these are expected to increase after the business committee mandated the committee to incorporate recommendations members of Parliament made in plenary.

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