Former Zamtel man arrested over fraud


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


MTN Ghana ready to deploy 4G LTE

The Chief Executive Officer at MTN Ghana, Ebenezer Twum Asante, has indicated MTN Ghana’s readiness and preparedness to deploy 4G LTE in the country.  Read More

New Airtel shop opens in Meru

Airtel has unveiled a new walk-in Service Centre in Meru that offers customers the convenience and ease of access to Airtel's range of value-added products and services. Read More

BTCL releases ‘ultimate communications solution’

The Botswana Telecommunications Corporations Limited (BTCL) has unveiled a mobile VSAT product meant to revolutionise the way of doing business in the country.  Read More

Glo unveils Twin Bash with 400% data bonus, 200% airtime bonus

Just two weeks after the launch of the Free Tomorrow promo, Globacom has unveiled another promo with benefits that include quadruple data and free double airtime for calls to all network. Read More

Vodafone Ghana CEO urges African SMEs to embrace technology as a key enabler

Vodafone Ghana Chief Executive Officer Haris Broumidis has urged local entrepreneurs to embrace technology to help their businesses to grow. Read More

Orange signs an agreement with Helios Investment Partners for sale of Telkom Kenya stake

The Orange Group has announced that it has signed a binding agreement with Helios Investment Partners for the sale of its entire 70% stake in Telkom Kenya. Read More

MTN CEO resigns

MTN has appointed Phuthuma Nhleko as Executive Chairman in a temporary capacity following the resignation of Sifiso Dabengwa as CEO. Read More

MTN clarifies NCC fine status

MTN has released a statement to clarify the Nigeria Communications Commission (NCC) fine and related issues. Read More

Vodacom stresses the need for unified communication for the growth of Nigerian SMEs

Dare Ogunlade, General Manager of Cisco Nigeria, has highlighted the benefits of Unified Communications (UC) to SMEs. Read More

WIOCC CEO among telecoms’ 100 most powerful people for 5th consecutive year

For the fifth consecutive year, Chris Wood, CEO of Africa’s carriers’ carrier WIOCC, has been named as one of the 100 most powerful people in the global telecommunications industry. Read More


Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks Unlimited


eCommerce in Africa urged to take advantage of mobile eCommerce in Africa urged to take advantage of mobile

The Executive Chairman of Alltel has urged operators of eCommerce in Ghana and Africa as a whole to take advantage of the current trend for Africans to trade online via their mobile handsets. 


Nigeria needs $25b investment in broadband, says WoodNigeria needs $25b investment in broadband, says Wood

Telecoms executive Adrian Wood speaks to Kokumo Goodie about investment potential in Nigeria.