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 in what has become known as the Cashgate Scandal.
The theft is the biggest financial scandal in the southern African country’s history. It resulted in the suspension of $150 million in vital aid from international donors.
President Mutharika also said he would find the truth in the Cashgate Scandal.
“There will be no sacred cows … indeed, there will be no untouchables,” he said in his first state-of-the-nation address in parliament.
Mutharika, who was elected in controversial elections in May, promised that his government would maintain “zero tolerance to corruption, fraud, theft and any other economic crime.”
Source: Independent Online
