TRANSPARENCY International Zambia (TI-Z) says it's frightening that there appears to have been suspicious transactions on KCM liquidator Milingo Lungu's accounts, given the critical importance of issues surrounding the mining company. Commenting on the Financial Intelligence Centre’s move to freeze Lungu’s bank accounts following suspicious transactions, TIZ executive director Maurice Nyambe hoped that the investigation...

THE Financial Intelligence Centre (FIC) has frozen Konkola Copper Mines (KCM) liquidator Milingo Lungu’s bank accounts following some suspicious transactions. But FIC Director General Mary Chirwa has declined to confirm the development, saying it would be unprofessional and illegal for her to names of people whose accounts have been seized by the centre. Sources close...

TRANSPARENCY International Zambia (TI-Z) has welcomed the investigations being conducted by the Drug Enforcement Commission for various financial crimes, but hopes that the motivation will not be to settle political scores. DEC recently seized four motor vehicles belonging to PF cadre Maxwell Chongu following operations conducted by the Commission where various individuals have been searched...

PRESIDENT Edgar Lungu has shifted into the US$850,000 house belonging to Zambia National Soccer team defender Stophila Sunzu. But Sangwa says Lungu must first retire from active politics before he can start to draw the benefits conferred on a former Head of State. The House, which is worth close to 20 million in kwacha terms...

THE Drug Enforcement Commission has frozen accounts for outgoing president Edgar Lungu’s friend and businessman Valden Findlay. Impeccable sources have told News Diggers that Findlay was in the process of transferring over K10 million to some offshore accounts when the Drug Enforcement Commission moved in. “The bank received some instruction to transfer some money to...

THE Electoral Commission of Zambia (ECZ) says it does not engage in manoeuvres and manipulations of elections, insisting that what the final results will be is what will be announced regardless of the winner. And ECZ says it hopes to announce the winner of Thursday’s polls within 72 hours after the close of the last...

AN INVESTIGATION has revealed that three top Industrial Development Commission (IDC) officials received in excess of US$500,000 as kickbacks from Chinese nationals during the share purchase transaction in which Marcopolo Tiles Limited sold a minority stake for US$44.8 million. But Marcopolo Tiles Limited chief executive officer Huang Yao Chi has denied paying any form of...

THE Drug Enforcement Commission (DEC) has continued to probe Foreign Affairs Minister Joe Malanji after summoning him for questioning to establish the source of funds he used to buy his US$1.4 million helicopter in December 2020. And a News Diggers investigation has revealed that Malanji funds his procurement transactions using a company called Gibson Power...

A UK-BASED lawyer representing Belarusian businessman Aleksandr Zingman, says the arrest of his client by Congolese authorities is politically motivated. And a representative of AFTRADE, a firm in which Zingman is a shareholder, revealed that the alleged arms dealer who was arrested along with the company director Aleh Vodchyts and his Italian partner Paolo Persico...

BELARUSIAN businessman and alleged arms dealer Aleksandr Zingman, who appeared in controversial pictures with President Edgar Lungu, Lusaka Businessman Valden Findlay and Russian businessman Alexander Mikheev, has been arrested in the Democratic Republic of Congo. Zingman, through his UK-based lawyers threatened to sue News Diggers in England if the newspaper did not disclose the source...