Former Zamtel man arrested over fraud
TELECOMS| April 18, 2012, 3:16 p.m.
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.
MORE TELECOMS NEWS
Significant improvements in network quality for Tigo customers on Accra-Takoradi routeFollowing the upgrade of its Microwave backbone between Accra and Takoradi telecom operator Tigo says its customers along the stretch will continue to enjoy a seamless connection every time there is a fibre cut. Read More
Airtel staff take to streets with ‘too much’ combo packsA team of staff and management of Airtel Ghana has embarked a rigorous concentrated market blitz to promote the company’s newly outdoored innovative product – “Too Much”. Read More
WIOCC, Dalkom Somalia win service innovation awardWIOCC and its shareholder Dalkom Somalia have won the Wholesale Service Innovation Award at the Global Telecoms Business (GTB) Innovation Awards Summit 2015 for bringing direct, high-capacity, international connectivity to Somalia for the first time. Read More
UNGC renews Safaricom CEO termThe United Nations Secretary General Ban Ki Moon has renewed Safaricom CEO Bob Collymore’s term as a Board Member of the United Nations Global Compact (UNGC). Read More
ITU marks 150th anniversary with global celebrationsITU celebrated its 150th anniversary on 17 May, marking a long and illustrious history at the cutting edge of communication technologies. Read More
Airtel launches MPLS for enterprise customersIn a significant move aimed at enhancing connectivity options for its corporate customers, leading telecommunications service provider Airtel Nigeria has launched a secure Multiprotocol Label Switching (MPLS) network aimed at facilitating superior and cost effective branch connectivity both locally and globally. Read More
Rwanda’s 4G LTE project scoops Global Telecom Business Innovation AwardThe Rwanda and Korea Telecom (KT) 4G partnership, through Olleh Rwanda networks and Nokia, has won the Global Telecom Business Innovation award. Read More
CEC Liquid Telecom acquires RealtimeCEC Liquid Telecom today announced the expansion of its business in Zambia following the full acquisition of Realtime, the second largest Internet Service Provider in Zambia. Read More
Tigo Tanzania announces management continuityTigo Tanzania has announced that Diego Gutierrez resumes as General Manager of Tigo Tanzania following the completion of the tenure of Interim General Manager Ms Cecile Tiano. Read More
Government fails to lift 20% tax on smart phones in GhanaHopes are fading that the government of Ghana will scrap the 20 per cent tax on the importation of smart phones. Read More
FEATURED STORYThe transformative power of affordable smartphones and unlimited data in Ghana
Smartphones are helping transform their lives of ordinary people in Ghana, Reports Nana Appiah Acquaye.
BEST READ NEWS
IN DEPTHNIMC infrastructure must be managed by credible people: NIMC chief
NIMC’s chief speaks to Kokumo Goodie about the role of the NIMC and his own legacy.
COMPANY NEWSMicrosoft, IICD launch employability hub in Ghana
Microsoft Ghana, in partnership with the International Institute for Communication and Development, has launched the TizaaWorks online platform, a one-stop online hub for employability and entrepreneurship.