Court proceedings in a case involving former Foreign Affairs Minister Stanley Kakubo and a businessman of Chinese origin, Zhang Lianan, have been discontinued following a Consent Judgment entered between the two parties.
The Consent Judgment, drawn pursuant to Order 42 Rule Five of the Supreme Court, signifies that both Mr. Zhang and Mr. Kakubo have agreed not to pursue any further legal action against each other. Additionally, Mr. Kakubo has been ordered to make restitution to Mr. Zhang, as per the terms outlined in the judgment.
Under the terms of the Consent Judgment, Mr. Kakubo will be required to pay $300,000 in installments to Mr. Zhang, who will also be receiving the restitution of a Mercedes-Benz Registration Number 6952 from Mr. Kakubo.
Importantly, Mr. Zhang has exonerated Mr. Kakubo from allegations of receiving any inducement for business transactions, further adding a twist to the case that unfolded last month. Initially, Mr. Zhang had sued Mr. Kakubo for misrepresentation over a mining business partnership, demanding over one million U.S dollars in damages.
Mr. Zhang alleged that Mr. Kakubo, claiming to be the majority shareholder of HUNSLOW Investment, enticed him into a mining business partnership in May 2022. According to Mr. Zhang, the partnership was related to an exploration small mining license number 25569 in Chingola, with the potential of converting it into a mining license.
However, Mr. Zhang claimed that it was later revealed that the mining exploration license number 25569 had been converted into a mining license, which was in the process of being sold to Grizzly Copper Mining. These allegations were outlined in the Statement of Claim filed in the Lusaka High Court.
With the discontinuation of court proceedings and the agreement reached through the Consent Judgment, the matter between Mr. Kakubo and Mr. Zhang has come to a close, bringing an end to the legal dispute.
New Dawn is determined to bring back this Chola boy to continue running dirt on behalf of the most high. It’s everyone ‘s guess that our Kakubo with a certificate in Foreign Exchange is poised to be reappointed.
Musonda unlike PF they dont have an delusions as you suggest. This is just a process between two parties.
The Ministrial appointment of Kakubo would be a hard sell given that his actions are still questionable. Kakubo should have had a lawyer guide him and followed the law in this transaction and he didnt. Period, despite the law providing to reconcilation and even criminal prosecution to be set aside when the two paries reconcile. In Kakubos case, the state instutitions should still hold Kakubo accountable in aspect of the law in the transaction that he did not uphold. And if I was Kakubo I would quickly deal with that. US 300,000 isnt small change either and that is not what I am referring to.
Kakubo is a proper conman whom upnd should not associate with.
A fight against corruption!