Auction Holdings Limited is demanding a forensic audit into how Malawi Leaf and AHCX utilized K75 billion in the past 15 years.
A task force that was set to review the status of the AHL group has established that there was poor financial management at the 2 institutions, hence the forensic audit to find the culprits.
Malawi Leaf borrowed K60 billion from PTA bank, whilst AHCX has made losses amounting to K15 billion since its inception in 2012.
AHL group is currently going through financial challenges that forced the board to borrow K6 billion for the company’s wages and salaries covering a period of one year.
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