Tue, 28 Feb 2017 10:49:45 +0000 By BENNIE MUNDANDO THE Zambia Red Cross Society has dragged the Attorney General as third defendant for irregularly issuing a certificate of tittle to Bedrock Estimates Limited through the Commissioner of Lands for Red Cross House in Lusaka’s Long Acres which legally belonged to the society. This is in a matter in which Red Cross has sued Bedrock Estates Limited, First Alliance Bank, and the Attorney General for fraud as first, second, and third defendants respectively. According to details from a statement of claim filed in the Lusaka High Court, in February 2011, Red Cross obtained a loan from First Alliance Bank of over K537,500 and that due to financial challenges, Red Cross defaulted to repay and as a result received an order to pay the outstanding amount of K497, 9112, 717.60 within 14 days. But due to mounting pressure, the Red Cross board resolved to sell property […]
