Allan Magombo jailed for K32.5m cashgate loot

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Allan Harrison Magombo one of the suspects in the Cashgate scandal has been jailed by the Lilongwe Magistrate Court for stealing about K32.5 million from Capitol Hill.

Egritta Ndala

Ndala confirmed Magombo’s conviction

While confirming the conviction to Malawi24, spokesperson for the Anti-Corruption Bureau (ACB) said Magombo used his company called Down Stairs to steal the money.

“The Bureau established that Mr. Allan Harrison Magombo owner of a company known as Down Stairs received K16, 555,126.08 and K15, 920,000.00 respectively from Ministry of Local Government for rendering no service to the Malawi Government” said Egrita Ndala, publicist for the Bureau.

Magombo was charged with two counts of theft and one count of money laundering contrary to Section 278 and Section 35(1) (c) of the Penal Code and the Money Laundering, Proceeds of Serious Crime and Terrorist Financing Act. He will be sentenced on 18th February, 2016.

A forensic exercise by British Auditors established that K24 billion of public funds was stolen between April and September 2013 while another audit analysis by PricewaterhouseCoopers (PwC) found that K553 billion was uncounted for during the two years that Joyce Banda was president.

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93 Comments

  1. Uf u can afford to bring back all de cashgate money proceed but if not dont waste ur precious tym and energy,think of gating cash not cashgat

  2. Amangidwe bac agalu amenewa ndi amene akusaukisa dxiko anthu oipa mitima amangofuna anthu osauka axingosaukirabe iwo axingolemerabe afika,agwape,abwampini,acham,matoo,mukawagwira muxiwabaya m’matakomo axifera kundende konko,mumusakenso jb mukamugwira mumubaye kumalisecheko naye akafere konko

  3. Joyce Banda Ndie Samangidwa? If So Ndie Zachibwanatu! Paja Ndende Akumalawi Adamangira Amphawi! Jb Ndiamene Amatiuza Kut Tibe Tigawane Ndie Mukutisia Choncho Koma Iye Adateng Zochuluka, Shame On Mw

  4. Guyz kupanga comment izi ndiye timangopusapo chabe koz ku malawiko kulibeko muthu osaba inuyo mukundiuza kuti BINGU WA MUTHALIKA uja sanabepo ndalama za boma mpaka anamwalira lero mukungoti cash gate za ziii zinabedwa zinabedwa bas sizizaonekaso kwasalano muzingoonga nazo ndalama za boma pomawafufuza athu ngati amenewo mmalo moti muzifufuza imfa ya Robert Chasowa ija ine ndikufuna ndiziwe kut anafa bwanji

  5. ngati zilichochi pitala naye amangidwe pamaliro abingu anaba zimatumba zandalama antu adpp kumalawi ma presidenti kuba shame!

  6. mmmmmmmmmmmm i cant trast you at all ..in every strong cases like this. inside that always you found that their is politics …..!!!soon she will come out and she will be free woman

  7. Hadha hiya mutakabit wa malawi limaza ta- akhuza haza kathiira al-mali wa kathiira mnasi fii mashhkira akbar, sijinaha abadan la takhrujuha ila yamali kiyamat au mautiha