Cashgate suspect and former Ministry of Finance budget director Paul Mphwiyo Paul Mphwiyo has been allowed by High Court in Lilongwe that he can travel to South Africa to undergo a follow-up surgery scheduled for July 21 2015 on his jaw following his shooting on September 13 2013. Mphwiyo’s lawyer, Shadreck Mhango of KD Freeman and […]
Malawi Congress Party (MCP) president and leader of opposition in parliament, Lazarus Chakwera has said the dubious sale of Malawi Savings Bank (MSB) and the PricewaterHouse Coopers report which indicated that K577 billion cannot be accounted for in the national treasury, has proved that the Peter Mutharika’s DPP government “cannot be trusted.” Chakwera said the […]
Civil Society organisations trading under the umbrella of National Taskforce on Millennium Development Goals, on Thursday pressed Government to conclude all cashgate cases to win back donors confidence. Malawi fell out of grace from the donor community following the looting of K92Billion from 2009 to 2012 and K13.6Billion from 2012 to 2014. The gruesome theft […]
There is still a lack of trust in Malawi government financial systems following the cashgate affair which started in 2005, Britain’s Department for International Development (DfID) director in Malawi, Jen Marshall, has said. She said with the lack of trust, donors including Britain are using off-budget support which she said, does not use government financial […]
There are fresh cashgate corruption scandal fears in Malawi Defence Force (MDF) and the law enforcement agencies are also probing HTD Limited on leads that they have been enjoying the favours of the government pay-out thought to have been made against dubious transactions – cashgate – where they were involve in illegal externalization of forex […]
It ‘s now done deal, prosecution has sealed a deal with Cashgate convict Oswald Lutepo, to testify against former president Joyce Banda and implicate in the K24 billion plunder of the public resources in return get amnesty. Lutepo recently changed his plea to guilty in the K4 billion fraud and money laundering charges and was […]
Former Malawi president Joyce Banda has said her nine-month absence from the country does not imply that she is in “self-exile” t, saying she was not implicated in the cashgate affair in the forensic audit report by British firm Baker Tilly and that she stepped on to the global stage to give an opportunity to […]
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 […]
Public Accounts Committee of parliament (PAC) vice chairman Kamlepo Kalua has vowed that he will push to reveal the list of corrupt ministers in the K570 billion forensic audit report that Auditor General Stevenson Kamphasa has presented to the committee to ensure justice prevail, while activist are planning streets protests to demand action. Price water-house […]
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 […]
The ruling Democratic Progressive Party (DPP) led government has come under attack from former ruling People’s Party (PP) for lacking transparency in handling the latest audit report that reveals massive looting of billions of public resources. PricewaterhouseCoopers (PwC) cashbook reconstruction report on the missing billions during the DPP government under the leadership of late Bingu […]
The Malawian authorities are investigating the Malawi Defence Force’s (MDF) payment of a whopping 1.9-billion kwacha (R60-million) to a South African company that allegedly provided nothing in return – and shifted half the money to its bank account in South Africa. This follows the arrest of the former defence force commander, General Henry Odillo, and […]
Mzimba Hora MP Reverend Christopher Mzomera Ngwira (People’s Party) on Wednesday in parliament blasted the Peter Mutharika administration as “useless government” as members of Parliament (MPs) demanded what they called a “genuine” report into the mismanagement of funds in government before the 2015/16 national budget is approved. Mzomera Ngwira also rose on a point of […]
The chairperson of the Legal Affairs Committee of Parliament, Peter Chakwantha, has accused the Democratic Progressive Party (DPP) of hiding a comprehensive audit report by PricewaterHouseCoopers (PwC) with names of those suspected to be at the centre of the plunder known as K92bn DPP-era cashgate. Chakwantha claims government has two versions of the report, one which is a data […]
The civil society leaders are calling for swift action in form of comprehensive forensic audit into payments amounting to K577 billion (US$1.3 billion) that are shown in bank statements, but cannot be traced in Capital Hill’s cashbook, according to preliminary findings by Pricewaterhouse Coopers. PwC examination of public finances from January 1 2009 to December […]
GOM-Cash-Book-Reconstruction-Analytics-final-report-15-May-2015 (1) Download and read the national audit report on the embezzelment of public funds between January 1, 2009 and December 31, 2014 at any of these two links: GOM-Cash-Book-Reconstruction-Analytics-final-report-15-May-2015 (1)
PricewaterhouseCoopers (PwC)Advisory Services who were working on methodologies on the reconstruction of the cashbook in the wake of audit query for the K92 billion (US$204.4 million) mismanaged under the watch of the first Democratic Progressive Party (DPP) administration led by former president the late Bingu wa Mutharika, have recommended comprehensive forensic audit. In the 52-paged […]
Speaker of the National Assembly Richard Msowoya on Tuesday June 23, 2015 referred the much awaited K92 billion (US$204.4 million) forensic audit report to Parliament Accounts Committee (PAC) contrary to what was announced on Monday that Government would table the report on Tuesday. The Speaker did not give specific reasons regarding the change despite the order paper indicating that […]