Gun shot survivor former budget director Paul Mphwiyo is still facing charges in connection to the cashgate scandal. Mphwiyo was arrested in 2014 on charges of money laundering, theft and conspiracy to defeat course of justice. His wife, Thandie Mphwiyo, was also charged with money laundering and theft. Commentators believe Mphwiyo masterminded the looting of […]
Officials from graft busting body, the Anti Corruption Bureau (ACB) say they are awaiting more files from the Auditor General before they start prosecution of the so called K577 billion cashgate case. ACB director Kondowe said the remaining files include those that have the names of the seven cabinet ministers suspected to have been involved […]
Leader of opposition in parliament and president of Malawi Congress Party (MCP) Lazarus Chakwera has faulted the Peter Mutharika led-government of shielding seven cabinet ministers implicated in the K230 billion Cashgate report. Mutharika has said he will not act on any minister implicated because the Auditor General has not mentioned them despite names already in […]
A renowned economist has expressed worry over government’s slowness on pouncing on those who plunder public financial resources, saying this gives encouraging signals to public purse thieves. Ben Kalua, an economist at Chancellor College was commenting on reports that the government is reluctant to act on suspects of K1.3 billion Electricity Supply Corporation of Malawi […]
There is no longer any doubt in the mind of the thinking Malawian that for over fifty years, a very select few have been drinking and getting intoxicated from the appetizing calabash that is Malawi’s public funds, at the expense of Malawi’s most vulnerable and helpless citizens. In the wake of the MK577 billion Cashgate […]
Calls are resonating on Kamuzu Palace walls for President Peter Mutharika to fire the seven senior cabinet ministers involved in the K577 billion cashgate. This foillows a vague and contradictory statement State House issued on Saturday defiantly saying Mutharika will not fire the seven cabinet ministers. Sources in the civil society say civil society leaders […]
Malawian President Peter Mutharika has put his foot down saying he would not fire any minister implicated in the K577 billion (about $856 million) financial analysis report in the wake of revelations that seven Cabinet ministers were allegedly involved in the mismanagement of the public funds. A statement from Presidential Press Secretary Mgeme Kalilani says […]
The Auditor General Stephenson Kamphasa’s report with details of individuals and companies suspected to have been involved in abuse of public resources between 2009 and 2014 has some stale information including companies cleared of cashgate, the Public Accounts of Parliament (PAC) has observed. PAC vice chairman Kamlepo Kalua rubished the reports in the new forensic audit, […]
Malawi’s anti-corruption and good governance expert and also barrister of law Allan Z Ntata has asked the Peter Mutharika led government not to shield 7 corrupt ministers implicated in the forensic audit that established that about K236 billion in public funds could not be reconciliated between 2009 and December 31 2014 as it is setting a wrong precedence. Ntata […]
Officials from Parliament Accounts Committee have hit at graft busting body, the Anti Corruption Bureau (ACB) for its failure to prosecute culprits in the infamous K577 billion ‘cashgate’ —the financial scandal involving looting, theft and corruption at Capital Hill, the seat of Malawi Government. Parliamentary Accounts Committee (PAC) vice chairman Kamlepo Kalua accused the ACB […]
President Peter Mutharika will not fire any minister despite demands to axe seven reportedly implicated in the ‘grand corruption’ financial analysis report, State House has said. Presidential spokesman Mgeme Kalilani said Mutharika is not aware of any ministers involved in the mismanagement of the public funds. “We have to put the matter in proper prespective […]
Malawian names and companies appearing in milions of files from the so-called Panama Papers have been known by Nyasa Times and are now revealed with Asian business persons dominating to have placed their wealth in tax havens as forensic audit conducted by RSM Risk Assurance LLP of the UK covering 2009 to 2014 has traces businesses involved. In its […]
The forensic audit conducted by the RSM Risk Assurance Services LLP of the United Kingdom covering the period 2009 to 20114 has handed 13 cases files to the Auditor General for onward transmission to the Anti-Corruption Bureau (ACB) but wants further work on 38 of the 50 cases the firm examined. “Businesses and transactions selected do […]
Malawi risks to face another “Cashgate”—the financial scandal involving looting, theft and corruption at Capital Hill, the seat of Malawi Government—because government has not taken strong measures to curb the financial management vices, according to auditors—RSM Risk Assurance Services LLP of the United Kingdom (UK). In the high-level fraud, millions of dollars of public money were […]
Malawi Law Society (MLS) has backed the decision of Auditor General (AG) Stephen Kamphasa to seek legal advice from the Attorney General before releasing names and companies named in the forensic audit that established that about K236 billion in public funds could not be reconciliated between 2009 and December 31 2014. MLS president John Suzi-Banda […]
Officials from the graft busting body, the Anti-Corruption Bureau (ACB) says it has received 13 company names from the Auditor General on the suspects of the infamous K577 billion plunder of public resources following a forensic audit conducted by RSM Risk Assurance LLP of the UK covering 2009 to 2014. ACB director Lucas Kondowe confirmed […]
Auditor General (AG) Stephen Kamphasa says he has sought legal advice from the Attorney General on whether to release names and companies named in the forensic audit that established that about K236 billion in public funds could not be reconciliated between 2009 and December 31 2014. Kamphasa said there was some“legal implications” on the release […]
Malawians are up in arms on social media against government failure to release names of seven cabinet ministers allegedly involved in the K577 billion plunder of public resources at Capital Hill and the contradictions with figures Auditor General Stephenson Kamphasa has presented in his report. The government on Monday said it would release names of […]