Malawi's banks laxity shocks analysts - BNL Times

Malawi's banks laxity shocks analysts - BNL Times: "Economic analysts have described as shocking the revelations that the Reserve Bank of Malawi, commercial banks and the office of the Auditor General allowed huge amounts of money from public coffers to be paid out without checking with relevant government control officers in relevant departments and ministries."



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Malawi: Forensic report reveals US$30m was siphoned from Malawi govt. coffers

Malawi: Forensic report reveals US$30m was siphoned from Malawi govt. coffers: " A British-funded forensic audit into the massive plunder of the Malawi government coffers has uncovered that over 13 billion Malawi kwacha (over US$ 30 million) was looted by politicians, business persons and civil servants.

The audit, conducted by British accounting firm, Baker Tilly, covered the period between April 2012 and September 2013. Coincidentally President Joyce Banda took over power on 7 April, 2012, following the sudden death two days earlier from cardiac arrest complications of President Bingu wa Mutharika."



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