Sat, 11 Mar 2017 15:22:37 +0000 LAKE Petroleum Limited will definitely be kicked out of Zambia because it is clear from the onset that the company does not have any legal documentation to support its business, sources within the Zambia Revenue Authority (ZRA) have said. And the Petroleum Transporters Association of Zambia (PTAZ) has praised the Ministry of Energy, ZRA and the ERB for their swiftness in curtailing the alleged illegal business at Lake Petroleum, saying this would deter companies owned by foreigners from taking advantage of the peaceful and friendly business environment in Zambia to perpetuate illegality. This week, Zambian drivers unearthed a scam in which Lake Petroleum Limited has been importing fuel into the country using government bonds with the aid of Sahara, a fuel supplier contracted by government, under the disguise that the commodity was fed to TAZAMA when it has been feeding its own depot in Kapiri Mposhi. This is after […]
