By CHARLES MUSONDATHE Lusaka Magistrates’ Court has dismissed an attempt by defence lawyers to block production of receipts on which businessman and politician Chanda Katotobwe paid K1.5 million purchase price of Ultimate Insurance Company Limited (UICL) when he bought the company for his wife, Felicitas Chibamba Kabwe.And Ms. Kabwe has testified that the appointment of Luke Lubemba, father of one of the accused persons in the case Richard Lubemba, as UICL board chairperson, was fraudulent as no shareholders’ meeting was ever held to appoint the company’s board of directors.This is in a case Marshlands Consortium directors Tobias Milambo, 48, Nachi Musonda, 33, and Lubemba, 31, are facing forgery, obtaining money by false pretences, uttering false documents, and theft charges.Testifying in the case yesterday, Ms. Kabwe said after Milambo, Musonda, and Lubemba approached Mr. Katotobwe in December 2017 with a business proposal to buy an already existing insurance company and work together; the accused persons told […]
Bid to block Ultimate Insurance evidence flops
