Lutepo pleads guilty, convicted: Malawi cashgate

Businessperson Oswald Lutepo has
pleaded guilty to charges of theft and
laundering K2.1 billion believed to have
been obtained in the plunder of
government funds popularly referred
to as Cashgate and has been convicted
by High Court in Zomba.

Appearing before Justice Redson
Kapindu and entered a plea of guilty for
his charges.
The Judge convicted Lutepo on his own
plea and revoked his bail. He is now in
the hands of Prison authorities waiting
for sentencing.

Lutepo’s lawyer Osward Mtupila
confirmed, saying the convict changed
his plea to “guilty” upon his legal
advice.
“We analysed the evidence [by the
prosecution] on money laundering and
concluded that it will be difficult for us
to defend,” Ntupila told Nyasa Times in
an interview.

“There is no better explaination on the
money,” said the lawyer.
Lutepo is regarded a chief cashgate
suspect and has been making media
confession on his wrong doing.
A forensic audit report into the plunder
of public resources at Capital Hill due to
abuse of public finance management
tools dubbed ‘Cashgate’ established
that K24 billion was stolen between
April and September 2013.

However,Cashgate dates back to 2005 when the
Integrated Financial Management and
Information System (Ifmis) was
launched.
Through various means, Lutepo
allegedly got the second highest
payments on the list of individuals
amounting to K4.4 billion (US$9.8
million) -Nyasa Times

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