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 finance
from January 1 2009 to December 31 2014 – initially assumed to be the ‘K92 billion (US$204.4 million) – has found crime liaisons that officials have used since 2005, called Integrated Finance
Management Information System
The data analysis that has culminated into a 52-page report titled ‘Final Analysis Report: Reconstruction of the
Malawi Government Cashbook for
Purposes of Further Investigation’ has shown K577 billion (US$1.3 billion) were abused.
The submission came amid accusations that the Democratic Progressive Party (DPP) administration wanted to
downplay the report ostensibly
because part of the potential
mismanagement may have happened under their watch with the late Bingu wa Mutharika as president.
Human rights activist Billy Mayaya told Nyasa Times on Wednesday that the preliminary findings by
Pricewaterhouse Coopers in tracing the origins of cashgate makes very dim reading.
“To not only have K577 billion not
accounted for is not only incredulous but a great betrayal of Government’s commitment to serve the citizens of this Malawi,” Mayaya told Nyasa Times.
“As civil society, we demand a
comprehensive forensic audit to follow without delay,” he said.
“We also insist that the President,
Minister of Finance and the Auditor be summoned to parliament to answer
questions pertaining to this issue,”
Specifically, Mayaya said, the Public Accounts Committee must go further to
probe the rot of financial
mismanagement that not only extends
to the Ministries but districts
assemblies as well as the highest
echelons of government.
“As civil society we will not allow the
government impede investigations by
hiding the names of people implicated.
In 2012 they were at the forefront
demanding accountability from the
Joyce Banda administration now that
the axe is raised above their heads,
they want to stall the process. We will
not let that happen on our watch.
Enough is enough,” Mayaya declared.