'Cashgate' trial begins in Malawi
President Joyce Banda ordered investigation of politicians and businessmen over millions of dollars in embezzlement.
A trial looking into the biggest financial scandal in Malawi's histor ... read full comment
'Cashgate' trial begins in Malawi
President Joyce Banda ordered investigation of politicians and businessmen over millions of dollars in embezzlement.
A trial looking into the biggest financial scandal in Malawi's history has begun in the capital, Lilongwe.
At least 68 prominent figures stand accused of stealing funds in what has been dubbed "Cashgate" by the media. It is estimated that more than $100m over a 10-year period has been lost.
A senior Malawian civil servant and two executives on Wednesday became the first of dozens of defendants to go to trial.
"The cases have started and I pray that they'll go fast so that Malawians can finally know what happened," Information Minister Brown Mpinganjira told the AFP news agency. "We have been looking for answers and the answers can be found through the court proceedings."
We have been looking for answers and the answers can be found through the court proceedings.
Brown Mpinganjira, Information Minister
President Joyce Banda, who has appointed international investigators to probe the allegations, has said that about 30 percent of the country’s budget could have been looted.
So far authorities have tracked $20m in stolen state funds, Mpinganjira said, amid rumours the figure could exceed $100m.
Government officials allegedly used a central computer payment system to transfer money to non-existent firms for supposed services, then deleted the companies' information from the system.
Foreign aid withheld
Donor countries are withholding millions of dollars in financial aid pending the investigation. Western donors provide about 40 percent of the country's annual income.
"People are awaiting the outcome of this case with great intensity, knowing as they do that in the past cases such as this have simply disappeared," said Al Jazeera's Mike Hanna, reporting from Lilongwe.
"People want to know if this case will go through and whether people will be held responsible."
Allegations of the massive looting of government funds surfaced after the shooting of budget director Paul Mphwiyo in September.
Mphwiyo, who survived the attack, had reportedly planned to reveal a corruption ring.
Banda dissolved the cabinet in October and sacked the powerful ministers of justice and finance.
The president, who took office after the death of her predecessor in 2012, faces presidential, parliamentary and local government elections in May.
More arrests in the Cashgate saga are expected when a probe backed by Britain and the European Union is completed, according to Mpinganjira.
Source: Al Jazeera and agencies
Sethoo 10 years ago
Dziwofi asem,your house is like a zoo and you are talking about Malawi.
Dziwofi asem,your house is like a zoo and you are talking about Malawi.
Zoobie-Zoobie 10 years ago
no vision, no plan, no clue
no vision, no plan, no clue
dean 10 years ago
Mahama's management style is like SSS graduate who has been a manager of a company, lack of experience in management will flop him. Besides cos he has chosen to work with the inexperience in order to cheat he will continuall ... read full comment
Mahama's management style is like SSS graduate who has been a manager of a company, lack of experience in management will flop him. Besides cos he has chosen to work with the inexperience in order to cheat he will continually fail.
LOOTERS 10 years ago
THE REASON THE NDC FEAR A NANA AKUFO ADDO PRESIDENCY IS THAT HE IS LIKELY TO DO WHAT PRESIDENT BANDA IS DOING IN MALAWI ......... INSTITUTE INVESTIGATIONS SPANNING FROM THE PNDC DAY TO TODAY AND PROSECUTING ALL FOUND TO HAVE ... read full comment
THE REASON THE NDC FEAR A NANA AKUFO ADDO PRESIDENCY IS THAT HE IS LIKELY TO DO WHAT PRESIDENT BANDA IS DOING IN MALAWI ......... INSTITUTE INVESTIGATIONS SPANNING FROM THE PNDC DAY TO TODAY AND PROSECUTING ALL FOUND TO HAVE ENGAGED IN CORRUPTION. JJ DE FEAR .... KUFUOR DE FEAR .... AND MAHAMA DE FEAR. THAT IS WHY THEY DO NOT WANT NANA ADDO TO BECOME PRESIDENT.
Frank Agyena-Karikari 10 years ago
Yes you are right. Addo would have done that. It is not only NDC that does not like him. Some of his own corrupt NPP people are scared of him because he is a no nonsense man and will not let them have a field day.
Yes you are right. Addo would have done that. It is not only NDC that does not like him. Some of his own corrupt NPP people are scared of him because he is a no nonsense man and will not let them have a field day.
GO ON, KILL US !!! 10 years ago
And just what is the right price when fuel prices either remain stable or continue to drop on the international market ? How many times does the Government remove the same subsidy ? Any time they want money they remove subsi ... read full comment
And just what is the right price when fuel prices either remain stable or continue to drop on the international market ? How many times does the Government remove the same subsidy ? Any time they want money they remove subsidies completely. Then when they have finished looting our money and need more they again remove completely the subsidy that had already been removed completely ..... And it goes on and on and on while Ghanaians suffer. One of these days our leaders are going to wake up and find every Ghanaian in the streets like we see happening elsewhere ..... Ukraine.... Egypt ....... Tunisia ........ etc. etc.
KOKU MANU TIMANKRA 10 years ago
MAHAMA SHEGE. YOU AND YOUR NONSENSE NDC ARE BOGUS. YOU REPRESENT A SYMBOL OF SHAME, LIES, DECEIT AND FRAUD. YOU WILL PISS IN BED
MAHAMA SHEGE. YOU AND YOUR NONSENSE NDC ARE BOGUS. YOU REPRESENT A SYMBOL OF SHAME, LIES, DECEIT AND FRAUD. YOU WILL PISS IN BED
'Cashgate' trial begins in Malawi
President Joyce Banda ordered investigation of politicians and businessmen over millions of dollars in embezzlement.
A trial looking into the biggest financial scandal in Malawi's histor ...
read full comment
Dziwofi asem,your house is like a zoo and you are talking about Malawi.
no vision, no plan, no clue
Mahama's management style is like SSS graduate who has been a manager of a company, lack of experience in management will flop him. Besides cos he has chosen to work with the inexperience in order to cheat he will continuall ...
read full comment
THE REASON THE NDC FEAR A NANA AKUFO ADDO PRESIDENCY IS THAT HE IS LIKELY TO DO WHAT PRESIDENT BANDA IS DOING IN MALAWI ......... INSTITUTE INVESTIGATIONS SPANNING FROM THE PNDC DAY TO TODAY AND PROSECUTING ALL FOUND TO HAVE ...
read full comment
Yes you are right. Addo would have done that. It is not only NDC that does not like him. Some of his own corrupt NPP people are scared of him because he is a no nonsense man and will not let them have a field day.
And just what is the right price when fuel prices either remain stable or continue to drop on the international market ? How many times does the Government remove the same subsidy ? Any time they want money they remove subsi ...
read full comment
MAHAMA SHEGE. YOU AND YOUR NONSENSE NDC ARE BOGUS. YOU REPRESENT A SYMBOL OF SHAME, LIES, DECEIT AND FRAUD. YOU WILL PISS IN BED
what are you waiting