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 […]
German Ambassador Peter Woeste has said the burglary into the house of a high-ranking German official handling the K557 billion forensic audit of government coffers could be politically motivated possibly to defeat justice. Published reports indicated that thugs broke into the house of the official who is working on financial management system reforms where they […]
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 […]
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 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 […]
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 […]
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 […]