Maravi

(LUSAKATIMES) Mpundu Trust Account

Mpundu Trust Account
TIME PUBLISHED - Tuesday, December 6, 2011, 8:32 am

President Michael Sata has instructed the law enforcement agencies to thoroughly investigate the US$ 1 million held in Mpundu Trust Account. The directive comes in the wake of revelations that Mpundu Trust has unexplained funds in one of the banks in the country.

“Information we have received is that Mpundu Trust is holding over US$1 million with one of our local banks. Considering the colossal amounts involved in this bank transaction, I strongly believe that it’s only fair and prudent for the Drug Enforcement Commission (DEC), in liaison with other law enforcement agencies to professionally and systematically investigate this matter,” President Sata said.

“Let it be known from the onset that the decision to probe Mpundu Trust is without malice or ill-motive but to simply set the record straight by ensuring that the due process of the law applies. We promised the Zambian people that accountability, transparency and fairness before the law will be the bedrock of our administration, this is what we are doing.”

In another related development, President Sata has directed the Minister of Finance, Hon. Alexander Chikwanda to ensure that billions of Government revenue which is lying idle in one of the local bank is reclaimed by the Ministry of Finance.

“There is a balance of K12.2 billion GRZ funds that must be moved to the Ministry of Finance Treasury Accounts and I want this to be done as soon as possible,” says the President.

Meanwhile, President Sata has expressed deep regret and sorrow at the death of Zambia’s Ambassador to Japan Dr. Mbikusita Wamundila Lewanika.

“Our dear brother, Dr Lewanika served this country diligently and devotedly in various government portfolios and this loss will definitely be felt by many,” the President said.

“Kindly convey on behalf of the People and Government of Zambia and indeed on my own behalf, our heartfelt condolences and sympathies to the deceased’s family and friends.”

The President has authorised Her Excellency Dr. Inonge Mbikusita-Lewanika, Zambia’s Ambassador to Brussels, who is also the deceased’s elder sister to travel to Tokyo on government expense to help with arrangements to repatriate the remains of the late diplomat.

Dr Lewanika died yesterday at 01:00 PM Tokyo time

Labels: AMBASSADOR, INONGE MBIKUSITA-LEWANIKA, JAPAN, MICHAEL SATA

posted by MrK @ 10:01 AM