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Audit discovers $261m fraud by ex Malian government

Nairametrics by Nairametrics
May 9, 2015
in Uncategorized
Audit discovers $261m fraud by ex Malian government
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Mali lost more than 152 billion CFA francs ($261 million) to fraud and mismanagement in the two years before ex-president Amadou Toumani Toure was toppled in a 2012 army coup, according to audits released by the authorities that replaced him.

Soldiers in the West African nation ousted Toure on March 22, 2012, angry at his handling of a separatist rebellion by Tuareg fighters in the north.

The auditor-general’s reports for 2010 and 2011 said forged documents were used to justify spending, regulations were disregarded, unjustified expense claims were filed and public procurement was marred by irregularities.

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The reports were submitted on Monday to President Ibrahim Boubacar Keita, who will now decide whether to pursue legal action against those believed to have been involved.

Source: Reuters

 

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