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MMD Denies Printing K3 Trillion Fake Money In CHINA
The opposition MMD has charged that commerce minister Bob Sichinga is lying that the party printed illegal notes amounting to 3 trillion kwacha prior to the elections.
MMD deputy secretary Chembe Nyangu has told QFM that the allegations being made by the PF government that the MMD printed fake in China are unfounded because there is no proof.
Mr. Nyangu notes that the MMD was a responsible party which could not make any transactions that had the potential to distort the economy which the party worked so hard to build.
Mr. Nyangu adds that the money that was used by the MMD during the campaigns was received through contributions from party members and other well-wishers.
He however, declined to give any details on the matter saying the party leadership is studying the matter and will call a press briefing soon.
Commerce minister Bob Sichinga revealed on Thursday that the MMD government printed fake notes from China which they used to distribute in the villages during campaigns.
Qfm
Posted by
say what!
February 4, 2012 at 1:05 pm
you never admit to doing anything imwe ba pompwe!
Nyangu-if there are no proof,does not mean that you didnt do.And you were not in government iwe ka cadre
February 4, 2012 at 1:06 pm
cembe and mmd,should shut the bill!
juventus
February 4, 2012 at 1:14 pm
Ka nyangu if u r also a cash crop grower u will sufer ze curency is changing mwanya mafi yenu pamo na chi RB
Michael kaoma
February 4, 2012 at 1:16 pm
3 trillion kwacha,flooded onto our economy can have very dire consequencies on our economy.
If these allegations are true,this borders on criminal intent by the perpetrators and calls for immediate remedial action by the PF government.
This money has potential to distort economic decisions with regard to monetary levels,interest rates,exchange rates and inflation.
This could in turn give misleading micro and macro economic performance.
Investor trust can also be lost in such a scenario: i suggest the PF act soon,to bring back investor confidence
nomy
February 4, 2012 at 1:29 pm
bt of course,whts n whr is da proof?kaya..
Kalok
February 4, 2012 at 3:15 pm
It really looks like Zambian governance has been the preserve of the mafia for a long time. I hope the current PF will not be tempted to invent their own set of illegal behaviours.
chadboy
February 4, 2012 at 3:39 pm
have these thugs agreed to any wrong doing, the truth is there were up to looting the economy thanks to the couragious people of zambia let us see what happens next.
Halwindi
February 4, 2012 at 4:33 pm
NYANGU SHOULDN’T FOOL US THAT THERE’S NO PROOF. HOW AND WHERE DID THE LIATO MONEY COME FROM BECAUSE ACCORDING TO THE REPORT, THAT MONEY DIDN’T PASS THROUGH OUR BANKS. NYANGU, MAZIPA YA N’GOMBE!
Nshendi
February 4, 2012 at 5:15 pm
Shame on MMD,but first we need concrete evidence before I coment further
MRS DORA SILYA SATA
February 4, 2012 at 5:27 pm
Re 12:10 Then I heard a loud voice in heaven, proclaiming, “Now have come the salvation and the power and the kingdom of our God and the authority of his Messiah, for the accuser of our comrades has been thrown down, who accuses them day and night before our God.
Ex 14:14 The LORD will fight for you, and you have only to keep still.”
Jer 1:19 They will fight against you; but they shall not prevail against you, for I am with you, says the LORD, to deliver you.
Jer 15:20 And I will make you to this people a fortified wall of bronze; they will fight against you, but they shall not prevail over you, for I am with you to save you and deliver you, says the LORD.
Thus says the Lord. P.F. will from this day onward begin ti fight and insult each other. There will be strife in their ranks and they will begin to hate their own beloved leader with a passion.They will be divided into three factions. MARK THIS DAY MMD AND UPND.
Pragmatist 2012
February 4, 2012 at 9:05 pm
I doubt Nyangu’s intelligence.
G.M.SAM
February 5, 2012 at 7:18 am
This Is Pathetic And Bullshit! Typical Witch Hunt!
Elephant Njovu
February 5, 2012 at 8:43 am
Thank you ba PF but can we have solid evidence before you blow the whistle. How many things are you going to bring up without making arrests. Zamtel deal was reversed for corrupt practices so who has been arrested for being corrupt? Finance bank same thing. Thats why I say all this corruption fight is bull ****! Focus on national developmental issues if you ain’t gonna make any arrests while big decisions such as reversal of deals on grounds that they were corrupt. Yashani iyi ba PF? Posenika amano shaa!
michael
February 5, 2012 at 3:46 pm
If the allegation is true then it is very unfortunate.
However, if it is not true then this may strain our relations with China.
Europe is begging for chinese money even as of today and the german chancellor has been leading the talks on that.
Perhaps the chinese government needs to issue a statement to clear the air on the matter since MMD has refuted the allegation made by the PF.
Conscious Vibration
February 5, 2012 at 8:09 pm
MMD was dead desperate…They needed hard cash…Check depreciation of ZMK during and after elections! That’s evidence enough. And why should they take to think about it if the answer is a straight no? Tilimbe. Let’s hope no Chinese man shows up with a receipt ati the country was sold. God help us
allergic to corruption!
February 5, 2012 at 9:19 pm
So who printed this money in China and was the Chinese Government involved?
Chembe Nyangu
February 6, 2012 at 9:42 am
Ni gimmick naimwe !!!!!!!!!!!! You want us to agree on all .
Octopus
February 6, 2012 at 10:27 am
I agree with Michael…! The Chinese government needs to issue a statement to the same effect otherwise poor Zambians will just be speculating… all at the expense of development! The PF government should also desist from making wild statements that border on strained relationships with other countries! Let them behave as though they are in leadership…hello…you’re no longer in opposition! Show us the evidence; catch the culprits and let the law take its course! I’m very disappointed with your continued waffling!!!
Mukombe
February 6, 2012 at 1:10 pm
Sichinga be a man show us the fake money simple not just shouting on top of an ant hill where is the proof. Why are most of our ministers so excited.
Rio
February 6, 2012 at 4:09 pm
If 3Trillion Kwacha was pumped into our small shriveled economy, even an ***** would know because inflation would soar; why are we being taken for a ride.
My take on this is these guys (Bob et al) are anticipating problems in the economy because there ideas are failing to work and the leader is up on a goose chase called corruption fight; this is a story to keep us preoccupied with a rumor!
Anyone sensing that the economy is getting better – point to us? There predecessors left a fairly thriving economy and they are failing to build on it!
Kenneth Kaunda mbewa
February 6, 2012 at 4:23 pm
ala iwe kamwaiche nyanga! what about the 50 pin that was displayed in parliament before it closed for christmas by a UPND MP? what about the money BOZ admitted that they had printed without the knowledge of government as explained by kamUSOtokana? he clearly refused but money was printed! why can’t you guys for once say the truth? these are the things that are worrying some of us! please let us save some kwacha for developmental programmes instead of wasting it on you again ba kawalala! u think kubisa evidence is a big issue, we know these things! just wait and see!