Sunday, January 15, 2012

ZAMTEL PROBE REPORT TO GO PUBLIC


The Zambian government will make public the report of the findings of the commission of inquiry into the alleged illegal and illegitimate sale of ZAMTEL.
The telecom firm was sold to LAP GREEN Network of Libya at a cost of 257 million dollars, which acquired a 75 per cent stake.
However, amid strong public outcry on the estimated value as well as the transaction process, an inquiry was initiated by the new Patriotic Front government.
The outcome has since implicated some former ministers in the Rupiah Banda regime, further outlining glaring and outrageous irregularities over the sale.
The commission ofg inquiry’s report has since recommended the reversal of the transaction, a decision LAP GREEN claims it is keen to see through to the end.
And now, President Michael Sata has directed Justice minister, Sebastian Zulu to release the ZAMTEL report to the public.
Mr Sata says this will protect protect public interest and also curb public speculation.
Mr Zulu has also been directed to arrange for the release of the report even to the outside world and most important of all, the Libyan government.
In a statement released by Special Assistant for Press and Public Relations, George Chellah, the president has further assured that financial resources are readily available to facilitate the exercise.

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