Finland’s national public service broadcasting company (YLE) has confirmed Zambia Watchdog revelations that about £28 million belonging to Regina Chiluba has been blocked in Europe.
Regina is the widow of late president Fredrick Chiluba.
But Emmanuel Mwamba says it is a lie.
See the article in Finnish here
According to news posted on Finnish Public Brodcaster’s website, the company in which Mrs Chiluba wanted to invest the suspected stolen money has confirmed that the money has been blocked and that the company is waiting for a court order to determine if the money is legitimate.
Mrs Chiluba wanted to invest the money in a company called Sunny Car Center based in Finland.
‘As we started negotiating on the matter, we were given the impression that the state of Zambia and the UK have given a permission to transfer the money to Finland. We are waiting for the court order on the legitimacy of the money transfer,’ Markku Ritaluoma, the Chief executive Office of Sunny Car Center told the Finnish Broadcaster.
Ritaluoma further said: “this lady, the wife of the former president, Ms. Regina Chiluba, is our investor. The funds are located in London in Barclay´s Bank, not in Zambia.
‘Mrs Chiluba would have been an important investor, but not the only, nor the biggest.’
Yle is Finland’s national public service broadcasting company. Yle operates four national television channels and six radio channels and services complemented by 25 regional radio programmes.
In 2013 Yle TV1 was the most popular television channel in Finland.
Meanwhile, Emmanuel Mwamba, the former spokesperson for Chiluba has posted the following on his facebook account:
‘I have just spoken to Mrs. Regina Chiluba. She has expressed shock at the fabrication and lies expressed in a story published by an online newspaper. A false Report has emerged that £28m has been seized in United Kingdom and Finland.
This is clearly a story designed to scandalise Second President Dr. Frederick Jacob Titus Chiluba and a story fashioned to confirm standing unproven allegations against his previous cases.
Mrs. Regina Chiluba has emphatically stated that she has not been involved or as she been involved in any transaction activity as stated in the false Report.’
This comment by Mwamba has also been run as lead headline in the Daily Nation, owned by Richard Sakala, another former spokesperson of Chiluba.
On Wednesday, the Watchdog published the news below:
Finland’s Financial Supervisory Authority (FIN-FSA) has blocked a suspicious £28 million. (British Pounds) belonging to Regina Chiluba, widow of former Zambian president Fredrick Chiluba.
On 4 May 2007, Fredrick Chiluba was found guilty of stealing $46m (£23m) in a civil case by a UK court. The UK judgment was not registered and therefore not enforced in Zambia due to political interests and some legal technicality but it does not mean that Chiluba did not steal the money from the people of Zambia.
source in the Financial Conduct Authority (FCA), an UK organization fighting financial crime, has revealed to the Zambian Watchdog that their Finnish counterpart Financial Supervisory Authority blocked an attempted money transfer in excess of £28 million by an investment fund owned by Mrs Chiluba.
Apparently Mrs Regina Chiluba was attempting to launder the money by investing it into a real estate development project in Finland.
The project in which Mrs Chiluba wants to invests plans to build an 80,000 square meter center comprising car showrooms and related business, according to the web site of the Finnish company Sunny Car Center:http://www.sunnycarcenter.fi/en/
The money was wired from Barclays Bank investment fund owned by Mrs Regina Mwanza Chiluba.