British forensic audit firm which investigates Malawi’s worse financial scandal dubbed ‘cashgate’, changed its name and is now called RSM, uniting under a single common brand with RSM audit, tax and consulting firms across the world. Former president Joyce Banda ordered an audit which, RSM (formerly Baker Tilly UK), undertook between April and September 2013 and established […]
Germany, United Kingdom, Norway, Ireland and The European (EU), who are backing the forensic audit into the K557 billion (about $883million) ‘cashgate’ between 2009 and 2013 want the investigations done under heightened ecurity and secrecy to prevent compromising investigations following the break in and theft of documents related to the probe at a house of […]
British Forensic Auditors Baker Tilly has moved in to carry out fraud and forensic services at Blantyre Water Board (BWB). The Anti-Corruption Bureau (ACB) has been probing BWB on allegations of abuse of office levelled against the board’s suspended chief executive (CE) Andrew Thawe and procurement irregularities at the board. But the bureau is waiting the conclusion […]
Typical of all audits, PricewaterHouseCoopers report has figures, graphs and pie charts to aid our understanding of how much we have once again been screwed of our tax money. When all is calculated, K577 billion cannot be accounted for in the national treasury. The figure has been arrived at after an analysis of 1,788,295 bank […]
The enhanced intrigue, puzzlement and speculation about the deepening levels of State rapine by the governments led by the People’s Party (PP) and Democratic Progressive Party (DPP) that the Price Water House Coopers’ (PwC) so-called ‘final analytics report’ has sparked raises the issue of the troubled relationship between donor-related government accountability and democratic accountability. It […]
An IT expert in United States says there’s no doubt about the authenticity of the Cashgate report containing names of individuals and companies allegedly involved in the plunder of government resources at Capital Hill. Doubters claimed the report released by Malawi government last week had been altered but US based software expert James Knox-Davies in […]
“Be realistic, demand the impossible!” –Ernesto Che Guevara Is it only me who thinks the publication of the Baker Tilly report by the Malawi Government is ill-advised, premature, misguided and risky? I will explain why I hold that view a little later. But, of course, most of us wanted the famous – read ‘infamous’ – […]
Attorney General Kalekeni Kaphale has clarified that the payments government made to Rummage Pace topping the ‘cashgate’ external forensic audit report were dully cleared by his office and were included in the report on suspicion that they overcharged. In the Baker Tilly report appendix, Rummage Pace (owned by Anil Lawlani/Raju Ralwani) reportedly were paid K12, […]
Critics have question the credibility of the Baker Tilly forensic audit report containing names of companies and individuals who allegedly siphoned money from Malawi Government coffers which has revealed that a total of K24.2 billion was plundered within a period of six months from April to September 2014. Many Malawians took it on social media […]
Member of Parliament for Zomba Malosa, Roy Kachale has reacted to his mentioning in the Baker Tilly forensic audit report containing names of companies and individuals who allegedly siphoned money from Malawi Government coffers in a scandal dubbed ‘cashgate’. The auditors identified nine people who are linked to companies involved in cashgate, among Kachale. Kachale, […]
Some members of the opposition Malawi Congress Party (MCP) have been implicated in plunder of government resources dubbed cashgate amounting to K24 billion between April and September, 2013. The names are contained in the Baker Tilly forensic audit report which Malawi government released on Thursday. The MCP members implicated include lawmaker Lingstone Belekanyama, Wyson Zinyemba […]
Malawi Government on Thursday released the Baker Tilly forensic audit report into the cashgate scandal which contains a list of 49 individuals who between them had a hand in siphoning K24 billion of public funds. Former commander Henry Odillo and his deputy Clement Kafuwa have been implicated as they were signatories several cheques, K3 billion […]
Malawi Government on Thursday publicly released the much-awaited Baker Tilly forensic audit report into state funds that had been stolen by corrupt officials containing names of companies and individuals but contrary to popular smear former president Joyce Banda and former vice president Khumbo Kachali names are not there. Minister of Justice Samuel Tembenu told the […]
Names of suspects in what is known as Malawi’s Cashgate public finance scandal that rocked the country last year as contained in the British Forensic Auditors Baker Tilly report has started being revealed in dribs and drabs. Government is yet to formally release details of the comprehensive audit report by the British auditing firm. Malawians trashed […]
Commentators have asked government to reveal the names of those suspected to be at the centre of the plunder known as cashgate as contained in the forensic audit by Baker Tilly so that they can show up at the police or Anti-Corruption Bureau (ACB) . Minister of Information, Tourism and Culture Kondwani Nankhumwa warned those involved to […]
PricewaterhouseCoopers (PwC), the world’s biggest accounting firm is expected to conduct comprehensive forensic audit of ministries and departments covering the period between 2005 and 2012. The new forensic auditor according to treasury spokesperson, Nations Msowoya, would continue from where British auditor Baker Tilly, who uncovered traces of cashgate, left. ‘Cashgate’ denotes the systematic skimming of millions of dollars […]
Malawi former president Joyce Banda has applauded her successor Peter Mutharika for continuing with what she started on crackdown into the biggest financial scandal in Malawi’s history called cashgate. Banda, during a lecture at the prestigious London School of Economics and Police Science on Wednesday evening said former EU envoy to Malawi Alexander Baum played a vital role in […]
It is welcome news that British aid to Malawi has produced a forensic audit of Malawi government accounts by Baker Tilly and that German aid is about to produce another similar audit by Price Waterhouse. Maybe there will be some more arrests. Maybe the reports will be made public. It is certain that Aid-money will […]