- Stay Connected
Socialize
THANDIWE BANDA’s BILLION Kwacha Properties SEIZED
When this website, Tumfweko exclusively revealed that former first lady Thandiwe Banda was worth over K8 Billion, some commentators thought it was just hearsay and media witchhunt. Now, the government has seized properties worth billions of Kwacha, including a hotel in neighbouring Malawi and some apartments in Tanzania allegedly belonging to former first lady Thandiwe Banda.
Impeccable sources said investigative wings had seized a hotel in Malawi and some flats in Tanzania allegedly linked to Mrs Banda.
“The Mpundu Trust flats in Lusaka have also been seized. This is part of the on-going investigations into suspicions that the former first family could have acquired property using public funds.
“The probe on allegations of using public funds to acquire personal properties by the former first family has intensified. And it’s not only them that are being investigated. Anyone who is suspected to be involved in corruption will be investigated,” the sources said.
They said if it was proved that the properties were properly acquired after the investigations, they would be handed back to the owners.
“But if the opposite is discovered, then the law will take its course against the culprits.”
The source said the Government investigative wings were working in liaison with authorities in the host governments for properties suspected to have been plundered and were outside Zambia’s jurisdiction.
Inspector General of Police, Martin Malama remained mute on the matter.
Former president, Rupiah Banda’s administrative secretary, Mikatazo Wakumelo expressed ignorance over the development.
President Michael Sata recently instructed law enforcement agencies to investigate how a private bank account belonging to Mpundu Trust Limited held a colossal sum of US$ 1 million.
The president gave the directive in the wake of revelations that Mpundu Trust had unexplained funds in one of the commercial banks in the country.
On the basis of the colossal amounts involved, the president felt that it would only be fair and prudent for the Drug Enforcement Commission, in liaison with other law enforcement agencies, to investigate the matter.
Recent media reports revealed that Mpundu Trust was linked to the former president, Mr Banda.
Mr Sata said the decision to probe Mpundu Trust Limited was without malice or ill-motive but to simply set the record straight.
He said the action was in line with the promise the Patriotic Front made to the people that accountability, transparency and fairness before the law would be the bedrock of his administration.
Read more from Tumfweko’s earlier revelations http://tumfweko.com/2011/10/15/thandiwe-banda-is-worth-over-k-8-billion/
Posted by Editor
on December 20, 2011. Filed under LATEST NEWS.
You can follow any responses to this entry through the RSS 2.0.
You can leave a response or trackback to this entry
simunza
December 20, 2011 at 7:08 pm
Thandiwe BANDA ka!anyway,,.
INFULA PAKUYA
December 20, 2011 at 9:02 pm
Bushe where did this village chicken get all that money?can these people be made accountable becoz chachilamo. Her grandpa (Rb ) should be caged first.
"3113
December 21, 2011 at 1:39 am
And they say Zambia is a poor country, these thieves stole from the poor…they need to be caged!!!!
jack bauer
December 21, 2011 at 6:09 am
its very unfair to have such colosal sums of money Thandiwe which you dont deserve,you even failed to start your own kantemba of organisation to help the poor in our country,kanshi walipamano ya bupompwe.ulemwenako.to make matters worse you have a big mouth i dont know ekokalapela.
Mwaba chalwe
December 21, 2011 at 6:10 am
Let us not take the word imperfect for granted and start misusing tax payers monie for personal gain.let justice prevail.
cage
December 21, 2011 at 6:21 am
How do you accumulate such huge amounts when thousands are living on less than a dollar a day? Shame RB,Thndi and MMD
Dien
December 21, 2011 at 6:37 am
Show me the pictures and papers otherwise I’ll pretend I did not hear this.
analyst
December 21, 2011 at 7:49 am
thandiwe…nalekufwaya wankana…wamona nomba ukutemwa abakote
Umutokofyompo
December 21, 2011 at 8:16 am
Lets forgive and 4get
donchi
December 21, 2011 at 8:44 am
its time to make ka thandi and ala b be placed where there supposed to be.
eish man these people where greedy greedy greed even as a party mmd fimofimo
MAPENZI
December 21, 2011 at 8:52 am
imwe wa umutokofyompo how can we forgive and forget when they were stealing our tax payers money. ala u think we are hapi. we are not. zambia yapenya manje.apitebe ku ndende usataya thawi.
mukumbuta shiku
December 21, 2011 at 9:10 am
no wonder she has been the most ugly first lady in zambia. even her heart and soul are as ugly as her face. what a disgraceful last lady!! MCS and Gvt, can u remove RB’s immunity so that he goes to jail soon. zambia is naturally one of the richest nations in the world. but with such greedy thieves in the name of RB and MMD, we appear to be among the poorest in the world. these ****** idiots must serve as a lesson to other future thieves of pipos money/wealth. lock them up in cells.
Umupandapwiti
December 21, 2011 at 9:43 am
Naine kuntu naiba. Life taba fair. Bali sechapo kwiule!!!
mark
December 21, 2011 at 9:51 am
The people of Zambia knew there was something seriously wrong with the governance under the MMD. They knew that RB and his MMD were a bunch of THIEVES. When we went to the polls on the 20th September, we went to vote to make sure this rot came to an end.
Now its upto the gvt to carry out peoples mandate and vigorously persue the plunderers and jail them.
If they dont do this they will be kicked out in 2016 because people will feel that they have been betrayed.
Iko
December 23, 2011 at 11:27 am
@lady j an sexy, Ifwe icisungu tatwaishiba. If you want English blogs please go to BBC