ACB TO CONFISTICATE ALL PROPERTY SUSPECTED TO HAVE BEEN ACQUIRED USING CASHGATE MONEY

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The Anti-Corruption Bureau (ACB) says is launching a move to block all property belonging to suspects implicated plundering of public funds, also known as Cashgate.

ACB deputy director Reyneck Matemba speaking to our FaceofMalawi reporter confirmed of the development saying that ACB will only block and acquire those property’s suspected to have been acquired through Cashgate.

According to Matemba he could not divulge more information as this could hinder the ongoing process of investigations.

“We are aware that suspects may try to conceal property or try to dispose of such properties as it is being questioned. We have alerted government departments to be on the lookout for certain names whose property is being investigated,” Matemba said.

Suspects have tendencies of disposing of property or trying to change ownership for fear of being caught but I assure you such people will be caught as ACB has “tightened its corners” and is taking such matters seriously, explained the director.

“I cannot say much on the property in question or other moves, but be rest assured that we know which property belongs to whom and if they try to move or dispose of it, ACB is watching,” Matemba said.

ACB last year froze 20 bank accounts belonging to companies it was probing as part of the Cashgate scandal. Government also announced issuance of a general order that no change of ownership of motor vehicles, houses and plots be made involving civil servants as part of containing the situation.

The State has so far secured two convictions: former principal secretary for Tourism Tressa Namathanga Senzani and Victor Sithole, a government accounts assistant.

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