Inside K53bn deal - The Nation Online

Inside K53bn deal - The Nation Online: Parliament’s Public Accounts Committee (PAC) has expressed fears of profiteering in the controversial K53 billion Immigration uniforms supply deal and demanded documentation after noting what it termed exorbitant prices for items.

In an interview on Tuesday, PAC chairperson Alekeni Menyani said his committee has cast doubt at some claims in the deal such as a single uniform shirt for an Immigration officer pegged at about K60 000 and in some cases a belt quoted at K100 000.

World Bank says corruption is one of Malawi's major obstacles to prosperity | Malawi Nyasa Times - Malawi breaking news in Malawi

World Bank says corruption is one of Malawi's major obstacles to prosperity | Malawi Nyasa Times - Malawi breaking news in Malawi



Corruption continues to be one of the major obstacles blocking Malawi's road to prosperity, this is according
to World Bank country manager Greg Toulmin.

Audit Report Reveals Misprocurement of K9.3 Billion at Escom, Admarc - World News Report - EIN News

Audit Report Reveals Misprocurement of K9.3 Billion at Escom, Admarc - World News Report - EIN News

Escom launches probe into fleecing of money syndicate | Malawi Nyasa Times - Malawi breaking news in Malawi

Escom launches probe into fleecing of money syndicate | Malawi Nyasa Times - Malawi breaking news in Malawi



Escom launches probe into fleecing of money syndicate
June 5, 2018 Owen Khamula - Nyasa Times 18 Comments
Board chairperson for technically insolvent power utility Electricity Supply Corporation of Malawi (Escom), Thom Mpinganjira has said he has instituted a grand investigation to find
out how some members of staff connived with the powerful ruling Democratic Progressive Party (DPP) officials to fleece the powerhouse huge sums of money which left Escom with a
debt trap of K54 billion.

Donors want justice on police fraud | The Times Group

Donors want justice on police fraud | The Times Group: The European Union (EU) and the United States (US) in Malawi have said they expect that the Anti-Corruption Bureau (ACB) will pursue investigations in relation to suspected fraud in a Malawi Police Service (MPS) contract without any interference.

A leaked document of investigations by ACB on the contract between MPS and Pioneer Investments implicated President Peter Mutharika as having benefitted from what the graft-busting body suspects were fraudulent transactions in the contract.

National News - The Nation Online

National News - The Nation Online: CATEGORY: NATIONAL NEWS

Govt audit exposes rot
JUNE 28, 2018 0 COMMENTS
Unsupported payments rise to K5 billion Missing payment vouchers and other important documents rose to K2 billion in 2017 from K158 million in 2016.…

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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US charges tobacco companies for bribery in Malawi

The Securities and Exchange Commission today charged two global tobacco companies with violations of the Foreign Corrupt Practices Act (FCPA) for paying more bribes to government officials in in Malawi and other countries to illicitly obtain tobacco sales contracts.  Between 2002 and 2003, Universal subsidiaries paid a total of $850,000 to high-ranking Malawian government officials that were not accurately recorded in Universal's books and records. TO READ MORE CLICK HERE