Malawi Government Releases Report That Names Cashgate Figures
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The Malawi government released yesterday an external forensic audit into the alleged theft of almost $50 million of public funds, a scandal known in the southern African nation as “Cashgate.”
The report into the 24 billion kwacha ($48 million) of missing funds, handed to the government on Sept. 25, shows that amounts were paid for goods and services that were allegedly never delivered. The document covers April 1, 2013, to Sept. 30, 2013, and details instances of inflated procurement prices and overpayments.