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

Telecel Go reduces cost of calls to all networks

Telecel has launched a new pre-paid service platform called Telecel Go, which removes the boundaries between networks and reduces the cost of calls across all networks significantly. Read More

Huawei rolls out new base stations in Zambia

Vice President Dr Guy Scott makes a call from the new tower Chinese communications equipment giant Huawei Technologies has launched the first of a series of 169 base stations that will connect rural communities in Zambia to the mobile phone network. Read More

Kenya, Uganda, Rwanda strike deal to lower roaming rates

Plans are underway to lower roaming rates among Kenya, Uganda and Rwanda. Tanzania is not part of the deal because it has missed a number of talks that led to the pact. Read More

Kenyans making longer calls - CAK Report

Robust marketing by telecoms and lowered call rates saw Kenyans use mobile phones more in 2013, the latest sector report shows.  Read More

Telecom Namibia, XON Systems, Juniper Networks invest in network academy

Frans Ndoroma Telecom Namibia has set up a Telecom Namibia Juniper Networks Academy in conjunction with XON Systems and Juniper Networks to boost the training of network engineersin its training facility. Read More

Nokia X excites Ghana smartphone lovers

Nokia Ghana has unveiled one of its new smartphone products, the Nokia X, onto the Ghanaian mobile phone market. Read More

XDSL signs agreement with DFA, Conduct for more fibre

Internet Service Provider XDSL has entered into an agreement with Dark Fibre Africa (DFA) and Conduct, DFA’s last-mile fibre network subsidiary.  Read More

Glo clinches two new brand awards

Kamaldeen Shonibare, Globacom’s Head of Corporate Sales, receiving the Brand of the Year Award Globacom won two prestigious brand awards at two separate awards ceremonies in Lagos at the weekend. Read More

Airtel Chad awarded 3G/4G licence

Bharti Airtel has been awarded a 3G/4G license by the Chad Government.  Read More

Samsung unveils Galaxy S5 in Kenya

Samsung East Africa Director of Internet & Mobile, Manoj Changarampatt (left) and SEEA VP Robert Ngeru Mobile phone maker Samsung has unveiled its latest smartphone, the Galaxy S5, in Kenya. Read More

PRESS OFFICES

Sage ERP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN Business

FEATURED STORY

Kenyan shift to Green Economy would generate USD 45bn by 2030 Kenyan shift to Green Economy would generate USD 45bn by 2030

Kenya’s transition to a green economy could produce major economic benefits  equivalent to an estimated USD 45 billion by 2030, a new  study shows.

IN DEPTH

E-waste threatens Ghana’s beachesE-waste threatens Ghana’s beaches

Many beaches in Ghana, already stressed by pollution and poor maintenance, are now facing a new threat: e-waste.