Former Zamtel man arrested over fraud

TELECOMS

|
Image: By BiztechAfrica
Former Zamtel man arrested over fraud

By Edith Mwale, Lusaka, Zambia

The Zambian government has arrested a former Zamtel distribution manager for Lusaka in connection with the K5 billion (USD1 million) theft in which several other employees are said to be involved.

The man, 35-year-old Masautso Banda, has been charged with obtaining money by false pretence. This is a matter in which law enforcement agencies are investigating theft of more than K5 billion by some Zamtel employees which went missing from sales of SIM packs and mobile scratch cards.

Investigative wings spokesperson Charity Chanda said yesterday that Banda was alleged to have obtained mobile scratch cards and SIM packs valued at over K501 million (USD500, 000).

The theft of the money mainly occurred during the time when the Zambian government was repossessing Zamtel from Lap Green Network that bought the company in 2010.

The government repossessed the company from Lap Green Networks in January this year after a report sanctioned by the government revealed glaring irregularities in the sale of the company by the previous administration. The 75% shares in the company were sold for USD257 million in a move the Zambian government said was aimed at saving the company from collapsing after allegedly failing to recapitalise it.

Lap Green Network has sued the Zambian government for repossessing the company. But Last week, Lap Green Networks lost the initial bid in the Lusaka High for the court order that was aimed at either to have the 75% shares frozen or given back to Lap Green Networks in the interim. Lap Green Networks fears the Zambian government might sell the shares to another company.

Some Zamtel employees are alleged to have been stealing money from the sale of SIMpacks and mobile scratch cards during the confusion.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE TELECOMS NEWS

Africell DRC to launch 3G services end-2014

Africell DRC is set to launch its 3G services at the end of the year, a source close to the company told Biztechafrica this week. Read More

The impact of Movitel on ICT in Mozambique

Movitel is reported to be contributing to changing the information communication landscape in Mozambique. Read More

SSA telecoms growing faster than any other region

The African telecoms market is set to be one of the main growth success stories for the telecoms sector in the next 5 years, according to a new report. Read More

Tigo introduces unified short code for products and services

Tigo Ghana has announced the installation of a world-class IVR (Interactive Voice Response) that will give both its pre-paid and post-paid customers the opportunity to access all its product through a unified short code, 555.  Read More

TNM to conduct biggest promotion pay-out

TNM will on August 26 splash out over K100 million in its Ufulu@50 Promotion, the biggest payout in a single day in the history of promotions in Malawi. Read More

We don’t patronise fake OEMs, says Glo

Globacom has said it does not patronise substandard original equipment manufacturers (OEMs) and telecoms equipment vendors.  Read More

Africell DRC waits ‘in vain’ for interconnection

Africell, which began operations in the DRC in June 2012, has yet to enjoy interconnection. Read More

Telecom Namibia: WACS repairs to start this weekend

Repair work on the West Africa Cable System (WACS) off Namibia’s coast is scheduled to start over the weekend, says Telecom Namibia.  Read More

MTN Uganda marks 10m subscriber mark

Having hit the 10 million subscriber base, MTN Uganda has announced that it is giving out 10 million minutes of free airtime and 100 million MB of data to its customers. Read More

Airtel Malawi launches thematic campaign

Airtel Malawi has launched a new thematic campaign dubbed 'Muli Bwanji?' a local language greeting meaning 'How are you?' aimed at depicting the warmth and love that is synonymous with Malawians. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Nigeria’s VAS providers ‘on brink of extinction’Nigeria’s VAS providers ‘on brink of extinction’

WASPAN chief Simon Aderinlola says unless the regulator intervenes, WASPAN may not have anything left to regulate. Kokumo Goodie reports.

IN DEPTH

Kenya rolls out e-extension to improve agricultureKenya rolls out e-extension to improve agriculture

In a bid to curb the overwhelmed number of agricultural extension officers in Kenya, the ministry of agriculture is embracing technology with their introduction of E-Extension services, which are aimed at reaching out to over 7 million farmers annually.

COMPANY NEWS

Sage CRM is Umsinsi Health Care’s engine for growth

Umsinsi Health Care, a distributor of medical products, has enhanced customer service and streamlined its business processes by implementing Sage CRM as its customer relationship management platform. 

VMware delivers new innovations for the open, agile, secure software-defined data centre

Industry’s most complete software-defined data centre portfolio helps customers slash CAPEX by nearly 50 percent and improve IT productivity by 100 percent or more.

Alex families receive Schneider Electric solar lamps

Schneider Electric, a specialist in energy management, has partnered with Rays of Hope, a non-profit organisation, providing 28 schoolchildren and their families in the northern Johannesburg township of ...