Fri, 07 Dec 2012 16:05:00 +0000 December 7 2012 The Bank of Zambia is making frantic efforts to cover-up massive thefts and looting of funds from Access Finance Bank and Tedworth properties which it has been maintaining since their sequestration by the Task Force against Corruption in 2003. An internal audit by the Central Bank has revealed that Billions of Kwacha have been looted over the years to the extent that K1.5billion was paid to witnesses who testified for the Task Force. Documents accessed by the Daily Nation confirm the thefts which have placed the Bank is in a very serious dilemma as to whether the perpetrators should be prosecuted, which act will be an admission of the mismanagement of the accounts. The BOZ is also worried that such admission will compromise and challenge the veracity of charges that led to the closure of the Access Financial Services (AFS) and Accessing Leasing Ltd (ALL) […]
