PROPERTIES WORTH OVER K100MILLION FORFEITURED TO STATE AS HIGH COURT RESTATES INTERNATIONAL STANDARD ON ASSET RECOVERY
The Lusaka High Court has delivered a decisive judgement in which properties valued at over ZMW 100 million which were proceeds of crime have been forfeited to the State.
The judgement follows an application made by the Anti- Corruption Commission a for Non-Conviction Based Forfeiture made pursuant to Section 29 and 31 of the Forfeiture of Proceeds of Crime Act No 19 of 2012, in a matter in which a Zambian owned company namely Pittscon Zambia Limited and its directors amassed properties between 2018 and 2022 through contracts awarded to the company for periodic road maintenance under the Ministry of Local Government and Housing.
Why are criminal proceedings against the culprits not being instituted? I honestly do not understand. What about tax evasion? ZRA must examine the company’s books of account. They have not done their best.
I agree with you @ Gunner in Zambia, there is need for both forfeiture and criminal prosecution for the culprits. Forfeiture is not enough to deter criminally minded people, hash punishment is needed as is the case in east asian countries.
These properties hv been on lease and the culprits have been collecting rentals. No mention of that. The ACC is not as good as it should be. They should also go for the income the properties have been generating.
That is the reason kaminamisa is feeling the heat. He is feeling the the pain and soon the system will catch up with him.He knows time is not on his side….
I really dont even understand why many fools support this chief criminal Lungu. This clearly shows that he has enough money to cause confusion in the country, imagine the same money that he aquired from us through stealing.
The chief criminal is HH. Lungu is just following in Hakainde’s footsteps. Lungu is an amateur compared to HH
@Bunzuka Man you are hallucinating and your reasoning is compromised. If Hakainde Hichilema was a thief or had committed any financial crimes the time when he was in the opposition the PF government could have arrested him. President HH is smart and hardworking person who got his wealth honestly and truthfully with a traceable track record. Please stop comparing a corrup and thieving person to Hakainde Hichilema. Edgar Chagwa Lungu has no traceable track record of genuine businesses investment but has a track record of embezzling funds and his children had followed in the pathway their father and started getting money through uncouth and dubious ways .
Criminals and the corrupt minded people always feel uncomfortable to be ruled by a leader who is upright and straight forward.
You are acting like an insane man my friend. It’s not politics here. It’s madness. The way Hakainde Hichilema is passionately hated by over 90% politicians both opposition and UPND people. Do you think he would be spared if he stole? When an evil man like ECL rules over a Christian nation. Do you think God would give that nation to another evil man??? Yet God wants more christians???? That is why even when you all tried to kill him God protected him….from youuu!!!! Have you seen why I am saying you are behaving like a mad person????
Well done ACC, at least for telling the Public about the results of your work. The Public needs regular updates, which you used to do. It should not be haphazard. Next, please prosecute the culprits for criminal offences arising from these proceeds of crime.