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
Phase3 Telecoms extends aerial cable to Republic of NigerSub-regional telecoms infrastructure company, Phase3 Telecoms said it has started the deployment of aerial fiber optic infrastructure from Kano in Nigeria to Gazaoua in Niger Republic. Read More
Predatory pricing in transmission cable market, others worry NCCNigeria’s telecoms regulator, the Nigerian Communications Commission (NCC) is worried that in the transmission cable market, predatory pricing, denial of access to viable routes and discriminatory and arbitrary pricing is the order of the day. Read More
USF contributions surpass sh2.5bn targetContributions to the Universal Service Fund by Kenyan Operators have surpassed the targetted sh2.5 billion. Read More
MTN Ghana invests 460 Million Ghana Cedi into operationsMTN has told editors at an annual meeting in Accra that it is committing a total of GH.C 46O Million to improving its network this year. Read More
Airtel deepens competition with SmartConnectThe scramble for subscriber acquisition in the telecoms industry has taken a new turn as Airtel has unveiled a new marketing strategy to grow its subscriber numbers in a bid to unseat Globacom as second largest operator in the country. Read More
Togo government to regenerate Togo TelecomTogo's government has vowed to rebuild Togo Telecom with a regeneration package that includes a network upgrade, better customer service and high speed internet at affordable rates. Read More
Ghana ICH poses ‘telecoms monopoly risk’The Head of the Telecommunications, Media and Technology team at a private law firm Bentsi-Enchill, Letsa & Ankomah has questioned the National Communication Authority's decision to appoint a Ghanaian company to operate the national interconnect exchange and financial clearing house. Read More
NAPAfrica: peering boosts cross border businessNAPAfrica says that the African continent has yet to fully realise the benefits of peering. Read More
PwC launches ‘Into Africa – the continent’s cities of opportunity’ reportThe African continent is crossed by five trends: demographic change, urbanisation, technological changes, the transfer of economic power and climate change, says a new PwC report. Read More
FEATURED STORY2bn priced out of internet access
A new report from the Alliance for Affordable Internet shows that the price of broadband remains prohibitive for billions in developing and emerging countries, with women and rural dwellers hardest hit.
BEST READ NEWS
IN DEPTHVillagers get solar training at Barefoot College
The Botswana Human Resource Development Council (HRDC) has seconded seven semi-illiterate mostly Ngwatle villagers for a six month solar electrification training course at the famed Barefoot College in India.
COMPANY NEWSMTN Group Sustainability Report released
MTN Group’s efforts to advance social development in its markets through the integration of sustainable business practices into day-to-day activities, is yielding positive outcomes, the company’s Sustainability ...