By MUKWIMA CHILALA SERIOUS fraudulent activities surrounding the Zambia Revenue Authority’s payment to Prestige Motors have been exposed, raising many questions about the conduct of the motor company’s owner, Donovan Gray. In 2015, ZRA filed an appeal with the Supreme Court against the US$64 million ruling, after the case deadline had passed. The ZRA Board then instructed an out-of-court settlement, which resulted in ZRA agreeing to pay US$16 million to Prestige Motors, significantly reducing the initial award by US$48 million. The US$16 million payment saga between the ZRA and Prestige Motors Limited dates back to 2012, long before former ZRA Commissioner General Kingsley Chanda assumed office some newly obtained details have revealed. Yesterday, Law Enforcement Agencies informed the Public Accounts Committee (PAC) that they were investigating Mr Chanda over an $8 million payment linked to the case, despite the fact that he was not at ZRA when the matter began. And now, Tunta Mining and […]
ZRA loses US$64m in Prestige Motors payment saga
