Fri, 14 Jul 2017 11:50:39 +0000 By BENNIE MUNDANDO A brazen attempt to disregard the authority of the Minister of Finance has landed Benefits Consulting Services Limited (BCS), fund manager of Zambia largest private pension fund into trouble. Minister Mutati had ordered for a special audit before the Pension fund could hold an annual general meeting, but BCS yesterday published a notice calling for the AGM that was to be held today to the surprise and consternation of fund trustees, who want serious contentious issues resolved. The Pension and Insurance Authority (PIA) has indefinitely postponed the meeting. Registrar of the PIA Mr. Martin Libinga has postponed the meeting pending the completion of the independent audit ordered by the Minister following the discovery of serious irregularities including the unauthorised offshore investments amounting to K399 million and the disappearance of Title Deeds for 51 high value Fund properties. BCS which is owned by Munakupya Hantuba, Hakainde […]
