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

MTN to empower African businesses with AWS Direct Connect

MTN Group today announced it would be the first African company to offer Amazon Web Services (AWS) Direct Connect to business customers across multiple countries on the continent. Read More

MTN leads in Cameroon with 11.2 million users

The third-quarterly verdict delivered last week by ART, the Cameroon telecom regulator, shows that MTN had 11.2 million users in Cameroon by 30 September 2014, and is therefore the leader of the mobile market in this Central African nation of 20 million people. Read More

MTN is Ivory Coast mobile market leader

With eight million subscribers out of a population of 22 million, South Africa’s mobile operator MTN has claimed the title of mobile market leader in Ivory Coast. Read More

TNM constructs bridge as part of promotion

Telekom Networks Malawi Limited (TNM) has constructed a bridge in the country’s former Capital City of Zomba as part of a promotional activity the company launched last year. Read More

Telecoms operators donate K20.5 m towards flood victims

Malawi's Association of Telecommunications Operators (ATOL) has donated K20.5m towards the relief assistance going to communities affected by floods and hailstorm in the country Read More

Airtel Kenya drops roaming rates in Uganda

Airtel customers can now browse for as low as Ksh 10 per MB while roaming in Uganda, a 78% drop in price.  Read More

MTL appoints new CEO

Malawi Telecommunications Limited (MTL) has appointed Harry Gombachika as its new Chief Executive Officer with effect from January 6, 2015.  Read More

MTN transforms enterprise business unit in South Africa to enhance overall client experience

MTN South Africa has announced the start of a process to reorganise its MTN Business unit, to strengthen its competitive advantage in the enterprise business solutions market. Read More

Vodafone Foundation Ghana donates new incubator to hospital

Vodafone Foundation Ghana on Tuesday donated a brand new incubator to the Neonatal Intensive Care Unit of the Nsawam Government Hospital at Nsawam in the  Eastern Region of Ghana.  Read More

M-Shwari loans help customers acquire smart devices

Following a month of trials, the Commercial Bank of Africa (CBA) and Safaricom have formally introduced a new proposition that will enable M-Shwari customers to access affordable loans to acquire smartphones and tablets. Read More

PRESS OFFICES

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

FEATURED STORY

UCC launches 2015 ACIA awardsUCC launches 2015 ACIA awards

Uganda has launched the fifth Annual Communications and Innovation Awards, which celebrate and foster ICT innovation and achievement.

IN DEPTH

Kenya’s digital TV battle hots up Kenya’s digital TV battle hots up

Kenya’s journey to Digital TV broadcasting took a new turn this week, when the Communication Authority of Kenya (CAK) accused three local media firms of intent to disrupt the process.