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Audit report for 2018 indicates over K3 billion lost through fraud

An Auditor General’s report for the year ended June, 2018 exposed that over K3 billion was lost through fraud and non-compliance to procedures in government.
The report signed by Acting Auditor General, Thomas Makiwa reveals that Ministries, Departments and Agencies failed to comply with various financial laws, regulations and procedures.
The main findings show that stores amounting to K441 million were not traced to the stores register, fraudulent payments worth K444 million were made to personal accounts, and supporting documents were not provided for payments worth K301 million.
It further uncovered that payment vouchers worth K269 million were not provided for audit inspection, fuel amounting to K240 million was not recorded in the fuel register, and K187 million went into an operating account used for unrelated activities.

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Edgar Naitha
Edgar Naitha
Reporter|| Music Promotor|| Videographer Email: info@faceofmalawi.com

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