Dear B Flow Dr Nevers Sekwila Mumba
Listen to the true Active Citizen!
THE TRUTH HAS STARTED COMING-OUT
$24MILLION HAS BEEN RECOVERED
Law Enforcement Agencies have agreed with Milingo Lungu to forfeit his rights to claim the $24m in fees that he is supposed to be paid from the liquidation of KCM….
MILINGO LUNGU: $24M FACTS AND FICTION
BACKGROUND
In 2021, when UPND won the elections, Government sought to remove the court appointed liquidator at KCM, Mr. Milingo Lungu. However, Government did not have the legal mandate or powers to remove a Court appointed Liquidator. The Law enforcement agencies then started investigations and charged Mr Milingo Lungu with the theft of K4.4m from KCM and the being in possession of property suspected to be proceeds of crime and seized a house worth over $750,000 which was believed to have been bought from the K4.4m taken from KCM without authority.
POLITRICKS
In a case that looked like it was straight out of a Jefferey Archer novel on Political mingalato, the DPP offered Milingo Lungu immunity from prosecution in exchange for relinquishing his role as Provisional liquidator of KCM. The deal was supposedly offered by State House and was a way of getting the liquidator out of the way. Were the charges genuine or bogus and used as a bargaining chip for the him to relinquish his role? We will never know, there was a public outcry that saw the DPP removed from her office without giving her side of the story (She has asked the court to lift her oath of secrecy so she could tell it all, the court denied the request)
FACTS
Under pressure from the public, the LEAs re-opened the case and re-arrested him over the same charges. The immunity was lifted.
So instead of prosecuting him for the crimes of theft of K4.4m and being in possession of property suspected to be proceeds of crime, the LEAs again entered into a consent Judgement for Milingo Lungu to forfeit his rights to the $24m in fees that he is supposed to be paid from the liquidation of KCM. He did not forfeit the $24m, but the right to claim
By Chanda Hamukale!
Mr chanda so u mean that 25million dollars is not there as physical money but in promissory note.Uou have opened my eyes and many Zambians and praise singers including that dull bflow
Where was this $24 million banked ? Such huge funds surely may have helped to stablize the unmentioned bank holding this stolen loot.
Is it possible that with such a demand of forfeiture on such funds this could lead to a collapse of such a bank holding such huge stolen funds. As it was alledged to have now been discovered.
Just thinking? How does banked Stolen cash legitimize a bank to lend out the same cash to depositors. Guess I need more education on how not to trust politicians who have perfected the art of thuggery.
On another score. Why were some banks lending the same people failing to pay the loans they got. DBZ and now the defuncted Invest – trust Bank must be typical examples.
Thugs playing the game of give me give me even more. Me alone. And we thought it was booming success.
They actually just busted the whole entire bank through unpaid borrowed monies and yes the authorities closed then closed a blind eye and encouraged them to borrow again and again . And hoped they will get away with this criminality.
Then the absurdity of them wanting the tax payers to pay for their mischief. No ways guys. You know the culprits pursue them and recover the overdue money. Simple. Please.