Parliament Investigates K567 Million Suspected Fraud

Parliament’s Public Accounts Committee (PAC) says it will investigate a K567 million interest payout controversy involving food supplier Pioneer Investments and Malawi Police Service (MPS).

PAC chairperson Alekeni Menyani said this after The Nation Newspaper revealed the suspected fraud which the Auditor General  Stevenson Kamphasa i reported to have been “bulldozed” to authorize a payment to a company owned by filthy rich Asians, Pioneer Investment for 500 000 units of food rations it supplied to Police.

The company is claiming K567 million in interest for what it says was late payment from January 1, 2016 to June 30, 2017 for goods which were supplied to government after receiving advance payment.

Menyani has since said his committee will summon Piooner Investment officials, Auditor General and Police to investigate the payment claim which he noted points to possible fraud.

The PAC chairperson said the payment controversy is “an indication of continued Cashgate (plunder of resources at Capital Hill).

Menyani faulted Minister of Finance, Economic Planning and Development Goodall Gondwe on the matter and urged graft-busting body, the Anti Corruption Bureau (ACB) to launch their own criminal investigations.NE