I had nothing to do with liquidation of Lima Bank, says HH

I had nothing to do with liquidation of Lima Bank, says HH

United Party for National Development (UPND) President Hakainde Hichilema has denied having any links to the liquidation of the former Lima Bank and the sale of Luanshya and Kageem Mines on the Copperbelt.

Mr. Hichilema has also denied allegations that he bought a house from the defunct Lima Bank after liquidating the bank.

The UPND president says he bought the house from the then Tobacco Board of Zambia at K61 million  in 1995 while the Bank which he said was never liquidated by him was only  liquidated in 1997.

He has also denied getting money from the sale of the said companies and challenged his accusers to go to the Patent and Company Registration Agency (PACRA) for records on who was involved in the liquidation.

ZANIS reports that Mr. Hichilema said this at a media briefing at the UPND party secretariat in Lusaka today.

Mr. Hichilema also produced documentation of letter for the purchase of the house and other legal documents showing that he legally purchased the house.

He, has, however accused the President Michael Sata of making false statements against him when he linked him to the sale of the companies and pocketing money from the sale of the companies.

Mr. Hichilema has since challenged the President to arrest him if he has any proof that he pocketed the money from the sale of the companies.

“I am a citizen who has never used any advantage to acquire any property in the country. I have never worked in government but since I was 25 years old I started running my companies” he said.

President Michael Sata last month accused Mr. Hichilema at a public rally in Magoye of having liquidated Luanshya Mine and allegedly pocketed the money from the sale of the company.

He also accused the President and the PF government of abusing him as a citizen of the country.

Mr. Hichilema said the President has been abusing him and many other people on a lot of issues adding these are as a result of the excessive   powers the President has been given in the constitution.


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