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

Frustration as strike disrupts Gabon Telecom signal

Gabon Telecom subscribers continue to recount two days – 25 and 26 February 2015 – of frustration during which they were disconnected from the world, as a strike disrupted telephone and internet signals and threw the company’s activities into turmoil. Read More

Orange to replace its CDMA network with GSM

Integrated telecommunications solutions provider Orange will no longer operate its CDMA network in Kenya. Read More

Airtel Kenya invests Sh 2.5 billion in 3G network

Bharti Airtel has announced that it has invested Ksh. 2.5 billion to upgrade its network to enhance indoor coverage and 3G quality in Kenya.   Read More

TNM buys ISP stake

Telekom Networks Malawi Limited (TNM) has completed the acquisition of the Internet Service Provider (ISP) Business and related assets of Burco Electronics Systems. Read More

BOCRA rehires Pheko as CEO

Thari Pheko has re-emerged as the Botswana Communications Regulatory Authority (BOCRA) Chief Executive Officer (CEO) after a month’s hiatus.  Read More

Will new challengers disrupt the mobile phone market in 2015?

Ahead of Mobile World Congress 2015, Annette Zimmermann, research director at Gartner, discusses the future of the mobile phone industry. Read More

Orange rolls out GSM network into Wajir County

Orange has rolled out its GSM network in Wajir County as part of its ongoing plan to connect all counties across Kenya to Orange’s high-speed network. Read More

MTN, Airtel invest US$70m to improve Congo QoS

MTN and Airtel have invested about US$50 million and US$20 million respectively to improve coverage and quality of service in Congo Brazzaville. Read More

Vodafone Ghana CEO hosts Grammy Award winning jazz musician Earl Klugh

The Chief Executive Officer of Vodafone Ghana, Haris Broumidis, has hosted renowned Grammy Award winning jazz composer and musician  Earl Klugh at the posh Airport City Headquarters of Vodafone Ghana in Accra, ahead of this year’s Stanbic Jazz Festival. Read More

Gabon Telecom MD redeployed to Ivory Coast

Lhoussaine Oussalah is no longer the managing director of Gabon Telecom(GT). Oussalah is leaving Central Africa and heading to West Africa in Ivory Coast (Cote d’Ivoire), where he is expected to lead mobile operator Moov Cote d’Ivoire. Read More

PRESS OFFICES

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

FEATURED STORY

Malawi Govt denies clinging to ‘Cashgate’ softwareMalawi Govt denies clinging to ‘Cashgate’ software

The Malawi Government will not exclude the software brand that has been in use for the country’s Integrated Financial Management System (IFMIS), but it has rejected reports implying that it is ‘clinging’ to the old system.

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.

COMPANY NEWS

MTN demonstrates the benefits of its video on demand offering

MTN showcased the benefits of FrontRow when it streamed high bandwidth video content onto multiple mobile devices using its video on demand (VOD) offering.

VMware appoints Bask Iyer as chief information officer

VMware has announced the appointment of Bask Iyer to the role of senior vice president and chief information officer (CIO) of VMware.