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Malawi lost K8.9bn through cashgate – Finance Minister

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Malawi’s Finance Minister Maxwell Mkwezalamba has announced that the auditing that government undertook on the onset of cashgate scandal revealed that the money stolen was K8.9 billion, not the K20 billion that the Financial Intelligence Unit (FIU) suspected. Mkwezalamba announced at a news conference in Blantyre on Sunday when he welcomed  IMF’s “exciting news” of...

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