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The Private Sector Development Association (PSDA) has observed that the freezing of Zamtel bank accounts by the Drug enforcement Commission (DEC) is mostly likely to cause uncertainty among investors in the country.
PSDA chairman Yusuf Dodia has told QFM that the freezing the Zamtel accounts without any court order may imply especially to the investor community that the Zambian government interferes with the running of businesses in the country.
Mr. Dodia has urged government not to handle the Zamtel saga in a manner which will erode investor confidence but instead base its decisions within the confines of the rules and regulation.
Mr Dodia has further observed that the freezing of the Zamtel accounts is also most likely to cause misuse of cash at Zamtel.
But finance minister Alexander Chikwanda has assured the nation that government will ensure that it safeguards the interest of the Zambian people in the Zamtel impasse.
Mr. Chikwanda says the PF government will not legitimatize any illegal transactions that were done by the previous regime.
Qfm
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