TIZ ponder unmasking corrupt elements

TRANSPARENT International Zambia (TIZ) says it will soon launch a campaign to unmask corruption in the country similar to the controversial Panama Papers which have implicated some of the world politicians and business tycoons in suspicious banking transactions.

TIZ president Lee Habasonda said the Transparency International movement was collaborating with other actors to establish a global registry that could collect and collate all published information to shed light on corrupt global networks.

Mr Habasonda said offshore companies were not illegal or criminal but lacked transparency and capacity regarding the real beneficiaries.

“Panama Papers investigations that have implicated several world leaders present an excellent opportunity and have generated a very common practice of using these legal persons for criminal purposes such as money laundering, corruption, fraud and tax evasion,’’ he said.

Mr Habasonda urged the Zambian government to join in calling for the world shutting down of secret companies used by the corrupt to run their day-to-day business and hide their ill-gotten wealth.  He said the Government should require any company bidding for public contracts to disclose who its real human owner is and that any company seeking to purchase property should disclose their details.


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