The Democratic Progressive Party (DPP) government has taken its brinkmanship game to another level by resorting to cook up evidence to link former president Joyce Banda to the infamous theft of public money popularly known as the ‘Cashgate scandal’. During his inauguration as President earlier this year, Prof Peter Mutharika declared that dealing with Cashgate […]
The Public Accounts Committee (PAC) of the Malawi National Assembly will again summon three of the major players in the country’s Public Finance Management (PFM) system to answer further on issues related to the plunder of billions of kwachas from government coffers. The probe into the financial plunder known as ‘cashgate’ already saw the Reserve […]
The billions of kwacha in public funds stolen in a scandal dubbed as cashgate has been revised from K13 billion to K20.3 billion, according to the Anti-Corruption Bureau (ACB). British audit firm, Baker Tilly, which was hired by the British Government to carry out a forensic audit first discovered that K13 billion was stolen within […]
Malawi’s Justice Minister Samuel Tembenu on Friday October 3 told parliament that more arrests are coming up and will involve high profile personalities suspected to have played a role in the plundering of public coffers at Capital Hill popularly referred to as cash-gate. Tembenu presenting a ministerial statement on the final forensic report by British […]
Malawi’s Justice and Constitutional Affairs Minister, Samuel Tembenu, on Friday told parliament that there is “no really such thing as K92 billion cashgate”; backing Auditor General (AG) Stephenson Kamphasa that it was merely an “audit query”. The AG explained that the K92 billion Cashgate “ remains an audit query requiring further investigation in order to […]
British Forensic Auditors Baker Tilly have finally handed over the much awaited full cashgate report to the Auditor General of Malawi, Steven Kamphasa, senior government officials have confirmed to Nyasa Times . Kamphasa received the report this week and he is expected to hand it over to Minister of Finance Goodal Gondwe after reviewing it. […]
One of Malawi’s ‘cashgate’ cases in which businessman cum politician Wyson Zinyemba Soko is answering charges of theft and money laundering involving about K40 million is hanging in limbo after three witnesses have refused to testify. The witnesses who have refused to testify are interdicted Chief Tourism officer Leonard Kalonga alongside George Banda and Michael […]
The National Audit Office (NAO) has justified the hiring of British auditing firm, Baker Tilly to audit the Integrated Finance Management System (IFMS), stating the Malawi Government lacked funding to engage local auditors to screen the system. This has come amidst questions raised by some quarters of the society demanding an explanation as to why […]
As a Malawian, I would like to express my utmost disappointment over your firm’s handling of the forensic audit report on the cashgate scandal in Malawi, especially the releasing of the names of the culprits. With due respect, as a Malawian, and I believe I speak for many, your report unearthed nothing new. There was […]