Sources in Lusaka have told the Times of Zambia that authorities have frozen Zamtel accounts pending money laundering investigations as a result of the transaction between the former MMD Government and LAP Green of Libya.
And Information, Broadcasting and Tourism Minister Fackson Shamenda has said that security wings had the right to freeze any bank account in the country.
Mr Shamenda, who is Chief Government spokesperson, said the investigative wings could freeze any bank accounts if it was discovered that there were suspected irregularities.
“Government does not go round freezing bank accounts but if law enforcement officers have suspected an anomally, they have a right to freeze any account,” he said.
He said operations of Zamtel and welfare of employees would not be affected and the Government had done transparently everything pertaining to the sale of Zamtel in the best interest of the nation.
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