Pressure Mounts to Release Names of Malawi ‘Cashgate’ Suspects

Pressure Mounts to Release Names of Malawi ‘Cashgate’ Suspects

March 06, 2014 BLANTYRE — Pressure is mounting on British forensic auditors to release the names of suspects in what is known as Malawi’s Cashgate scandal.   Malawians have trashed the report of the audit team, which omitted names of individuals and companies said to be involved in the massive corruption scandal. 

The government of Malawi hired a British company, Baker Tilly International, to audit its departments between April and September 2013.

The company’s report found the government lost about $30 million during that period through fraud, theft and unethical actions.

The report says nearly half of the money went to 16 private companies for services they did not provide.

It says this was done by taking advantage of a loophole in the government’s financial management system.  That "hole" has now been sealed.  

However, auditors say they could not release the names of people and companies allegedly involved in the scandal to avoid jeopardizing the ongoing investigations. Members of parliament’s Public Accounts Committee, or PAC, say the absence of suspects’ names renders the report a useless document, and infringes upon the rights of taxpayers to know who embezzled the money. “We want to […]

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