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(LUSAKATIMES) Details of HH’s wealth President Sata wants to show the Commonwealth

Details of HH’s wealth President Sata wants to show the Commonwealth
Time Posted: February 20, 2013 8:47 am

PRESIDENT Michael Sata has exposed opposition United Party for National Development (UPND) leader Hakainde Hichilema’s financial and estate records valued at more than KR360million (K360 billion).

Prior to the 2011 general elections, Mr Hichilema’s declared assets, filed before the Chief Justice, were valued at only KR46 million but the opposition leader was still the richest at the time.

President Sata said at State House in Lusaka yesterday that the records would be submitted to the Commonwealth organisation, which Mr Hichilema had invited to Zambia to check on alleged human rights violations by the ruling party.

“I am glad that Mr Hichilema has invited the Commonwealth, we will show them this document,” said the President in reference to the dossier containing details of the wealth amassed by Mr Hichilema.

Preliminary investigations indicated that Mr Hichilema had ranches, which had made him to emerge as one of the leading suppliers of beef to Zambeef Plc in the country.

“I am glad that Mr Hichilema has invited the Commonwealth, we will show them this document,” said the President in reference to the dossier containing details of the wealth amassed by Mr Hichilema.

The ranches had 90,000 cattle in Central and Southern Provinces valued at KR360 million.

The ranches were divided as; four in Choma District, operating as H.H Farm and Blukes Farms whose property number was F/2295/A and had about 20,000 animals.

One ranch located in Namwala District, operating under the name of H.H Farms whose property number was L/2482/m and had about 16,000 animals.

Another farm in Kalomo District operating as H.H Farms B. Williams whose property number was F/821/A and had 35, 000 animals while three ranches in Kalola, Chibombo District, whose property numbers were F/1604/A, F/2270/A and F/9184 had 35, 000 animals.

Mr Hichilema had four bank accounts with the Zambia National Commercial Bank (ZNCB), with the ZIMCO account in liquidation bearing account number 0030410001474, based at Lusaka’sBusiness Center branch, having US$5,383.86.

However as at May 22, last year, the account had US$820,411.58. Mr Hichilema’s Agro Support Limited account number 030240000901 and based at the ZNCB Choma branch had a balance of KR45, 685 as at July 22, last year.

Another account named ZIMCO in liquidation whose number was 00304010001474 based at Lusaka Business Centre had a balance of KR9, 305 and a dormant account which had KR135, 000 domiciled at the Lusaka Business Center.

Mr Hichilema had shares in private companies which included, ALS Capital, a bureau de change based at Mukuba House in Lusaka, Beef Up Zambia Limited, amarketing company based at Longolongo Road in Lusaka.

He also had shares in Buluwe Properties Limited, an investment and property development firm based at Mukuba House in Lusaka.

Others were in Hillview Properties Limited, an investment and property development company also based at Mukuba House and in the Manda Hill Center, an investment and property development company based at Manda Hill Shopping Mall in Lusaka.

The opposition leader also had shares in Maybrooke Property Investment Limited, an investment and property development business based at Anglo American building in Lusaka.

More Beef Limited, a beef marketing company based on Omelo Mumba Road in Lusaka’s Rhodespark Township and Quantum Assets Zambia Limited, an investment and property development business based on Independence Avenue in Lusaka.

He also had other shares in the prestigious Zambezi Sun International Hotels based in Livingstone, Pick ‘n’ Pay and Game Stores in Lusaka.

Other being Anglo-American Corporation and Delloitte and Touche, an accounting firm based in Lusaka.

The opposition leader had three houses in South Africa, two in England, three in Lusaka’s Kabulonga area and office blocks in Choma District.

Mr Hichilema’s associates included prominent commercial farmer Costain Chilala of Mkushi, Boyd Hamusonde, a proprietor of B.H Diesel Motors who was also a Member of Parliament for Nangoma Constituency, who made regular donations to the party.

“In addition, UPND MPs are also required to contribute KR1, 000 every month for party activities. The UPND also received funds from the Liberal Party (LP) of Norway, which is under the leadership of Erick Ringes, a personal friend of Mr Hichilema. The value of the donations by LP is yet to be established,” the document stated.

[Times of Zambia]

Labels: HAKAINDE HICHILEMA, MICHAEL SATA

posted by MrK @ 6:36 PM