Thu, 23 Aug 2012 06:51:25 +0000 Post Newspapers limited proprietor Fred M’membe is resisting public participation in the K18 billion they owe the Development Bank of Bank (dbz) and has filed an affidavit in opposition to the summons to join proceedings as an interested party. Last month the Supreme Court granted an order, allowing Chilufya Tayali, Executive Director of the Zambian Voice to join the proceeding to ensure that public interest was maintained in the proceedings which he said appeared destined to frustrate and subvert the Development Bank of Zambia claim of K18billion owed by M’membe and Mutembo Nchito, the Director of Public Prosecution was paid back to the Development Bank of Zambia. But M’membe says Tayali does not have sufficient legal interest to join in the pursuit of the debt which the Bank of Zambia declared as having been irregularly awarded against the capital interest of the DBZ. Tayali argued in his application that […]
