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.
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.
93 thoughts on “Allan Magombo jailed for K32.5m cashgate loot”
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Allan nd mkazi?
Ndalamazo anachitira Malawi sanakachitire heaven tengomusiyani mzimayiyo amangeni a 577 billion
musiyeni dollarzo zigwire tchito
musiyeni dollarzo zigwire tchito
This world? shame
onse ndi mbuzi chifukwa amakonda mbuzi,hv they bring the money?if nt mbuz from the top
what about the 92billion loot? Malawians are still waiting
Munthuyu sikuti anadya yekha ndalamai paliwina amene sakuululidwa ndithu
Its tim to face de concequences hhhmm ana anjoka,umbuli unakukulirani.
you kill a snake by hitting in the head. 34 milli is just some gas money.you know who the real cashgaters are. stop wasting our patience.
Is that good news??????
ok yagwidwa mbava osayitaya
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
Amene sanabepo chibadwireni ammange munthuyu!
Want 2 hear of refund with interests
Anzanu akuvutika ndimaphunziro kukhala n mapepala ataliatali koma kumakwera yopalasa kuntchito pamene inu ka JCE kama D ndi ma F kumakwera hammer koma dziko ili!