Reports indicate that about MK 20 billion has been siphoned out of the seat of government, the Capitol Hill, in the infamous Cashgate scandal in the capital that saw civil servants being found with obscene amounts of cash and President Banda having to do a cabinet reshuffle which saw then falling of her justice minister, Ralph Kasambara, and the finance minister, Ken Lipenga, among others.

According to media reports, a meeting between the Public Accounts Committee of Parliament and the Financial Intelligence Unit revealed the shocking truth which might just be a tip of the iceberg of the money lost through corruption in the land.

The reports further established that about 50 companies were involved in the swindling of government of both donor and taxpayers’ money.

Meanwhile, unconfirmed reports have went viral that former minister of Justice, Ralph Kasambara, is set to be arrested by the police over the same issues days after being disgracefully thrown out of cabinet.

 

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