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BLANTYRE — Malawi President Peter Mutharika yesterday vowed to crack down on corruption after a multi-million-dollar graft scandal rocked his predecessor’s administration and led donors to suspend $150 million in aid. An audit ordered by former president Joyce Banda found that $30 million in state funds had been looted by officials in less than six months last year. The so-called Cashgate theft is the biggest financial scandal in the history of Malawi, which depends heavily on foreign aid. Mutharika promised to unveil the “truth” around Cashgate.
“There will be no sacred cows . . . indeed, there will be no untouchables,” he said in his maiden State-of-the-Nation address in parliament.
Although Banda claimed credit for uncovering the fraud, there has been speculation that Mutharika might pursue corruption charges against her over Cashgate. Mutharika, who was elected in disputed elections last month, pledged that his government would maintain “zero tolerance to corruption, fraud, theft and any other economic crime.”
“Corruption is an evil as it deprives the people of Malawi, particularly the poor, of their legitimate right to economic prosperity,” he said.
Half of Malawi’s 15 million people live below the poverty threshold.
Mutharika said his government had drawn up “stringent measures aimed at preventing a recurrence” of Cashgate by strengthening public finance management systems.
He said graft and fraud “also scares away potential investors.” — AFP.
derick.khumalo