Probe $50,000 Zamtrop case

Us dollar

PRESSURE is mounting for the Police and Anti-Corruption Commission to investigate the US$50,000 that Zambian Airways and its shareholders, Mutembo Nchito and Fred M’membe received from the Zamtrop account just as other beneficiaries were probed and prosecuted.

A Task Force operative has revealed that no interest has been taken in documented evidence that bank accounts were  opened and operated overseas on behalf of the  Task force, which have never been audited to date.

He revealed that the Task Force had created a fake company called Tedworth Properties Limited in the Isle of Man in order to receive rental income from the properties of Tedworth Properties Inc. of Panama.

He had also opened another at Citibank New York where more funds from rentals collected in Zambian sequestrated properties were deposited.

One of the sequestrated building was occupied by the United Nations High Commission for Refugees in Kabulonga.

Although the accounts had been exposed, no action had been taken because the people involved were too high for the purpose awaits criminal investigations which have not commenced despite repeated requests to the Police and other security agencies,” he said.

And Former Deputy of Transport, Works and Communication Alfred Ndhlovu has said former President Frederick Chiluba (late) was probed over the Zamtrop account because he was succeeded by people who did not understand how Government operated.

The officer demanded that  “ all other people who received money from Zamtrop should be  pursued  in the same manner as  Finance permanent secretaries Benjamin Mwene and Ms Stella Chibanda who benefited from the payments made by Acess Financial Services at the request of the Director General of the Zambia State Intelligence Service they said.

They observed that  Former Chief Justice Mathew Ngulube  was even made to pay a smaller  amount that the  US$50,000 obtained by Zambian Airways.

“The issue of the Task Force creating a fake company called Tedworth Properties Limited in the Isle of Man in order to receive rental income from the properties of Tedworth Properties Inc. of Panama and opening a bank account at Citibank New York for the purpose awaits criminal investigations which have not commenced despite repeated requests to the Police and other security agencies,” it has been revealed.

Categorized | Home News

2 Responses to “Probe $50,000 Zamtrop case”

  1. Abraham Chanshi says:

    I like this case and would want to ask the President to appoint men/ women in Zambia like myself to be part of this investigations and not necessary the Police, DEC or ACC as these institutions have been highly infiltrated by anti- Lungu in PF and UPND. I will honorably accept to be part of this team being a former Internal Auditor who have the passion in investigative works.

  2. KOPALA.COM says:

    Why the police and ACC are reluctant?, we know the victims has the curtail in police and ACC. Please the minister of home affairs make a follow up. Other wise people will make citizen arrest. Days to reckon with ba cartel are coming soon. Lungu means business and will show you how hypocritical you are. It is your turn to dance to the tune you have played yourselves,

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