MALAWI CASHGATE REPORT PDF

It prompted Britain and other donors to freeze aid while dozens of civil servants, businessmen and politicians were put on trial. Last year the government estimated that Cashgate had cost it about 13bn kwacha. According to the newspaper, the report suggested that the companies were in league with officials of commercial banks. A total of 32 cheques worth 1. The auditor discovered evidence suggesting that fraudulent cheques were written out in big batches between April and September

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It prompted Britain and other donors to freeze aid while dozens of civil servants, businessmen and politicians were put on trial. Last year the government estimated that Cashgate had cost it about 13bn kwacha. According to the newspaper, the report suggested that the companies were in league with officials of commercial banks.

A total of 32 cheques worth 1. The auditor discovered evidence suggesting that fraudulent cheques were written out in big batches between April and September Paul Mphwiyo, budget director in the finance ministry, was shot and seriously wounded in September as he was about to expose a corruption ring. Malawi held elections in May Nine individuals who received government money, either directly or through close relatives, without providing goods or services, were registered by the Malawi Electoral Commission as election candidates, the South African newspaper noted.

Lutepo was sacked by Banda after the scandal came to light; he ran as an independent candidate, but lost. Banda, also defeated at the polls, has always maintained her innocence. They were briefly arrested last year and released on bail, but there appears to have been little further development in the case.

Topics Global development. Transparency Malawi Africa news. Reuse this content. Most popular.

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Case study: the Malawi ‘cashgate’ scandal

Capital Hill Cashgate Scandal or "Cashgate" is a financial scandal involving looting, theft and corruption that happened at Capital Hill , the seat of Government of Malawi. The scandal was uncovered during the administration of President Joyce Banda , though it is believed to have begun prior to her taking office. The scandal first came to light in September , when an accounts assistant in the Ministry of Environment was found with several thousand dollars USD in his car. Following Cashgate's revelation, the British government sponsored an independent audit into the scandal, focusing on transactions made through Malawi's electronic financial management system. In October, , more than 70 people were arrested in connection to Cashgate — many of whom were subsequently tried and convicted. President Joyce Banda also fired her entire cabinet. In October , Baker Tilly provided the Government of Malawi with a confidential report summarizing individual case files from its original audit.

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Money from Malawi ‘Cashgate’ scandal allegedly funded electoral campaigns

We use cookies to give you a better experience. Cases of bad public financial management are, unfortunately, not uncommon: the financial and business press often report stories from around the world of misappropriation and misallocations that attract public attention, and public anger, at least for some time. Since the establishment of a multi-party democratic system in , Malawi struggled to set its largely agricultural economy on a path of development, even with the assistance of the International Monetary Fund IMF and other donors. How did this happen?

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