Insurance scam: ZSIC pays K6M to repair 2 fire tenders

Insurance scam: ZSIC pays K6M to repair 2 fire tenders

The Zambia State Insurance Corporation Limited (ZSIC) has paid out more than K6, 000, 000 (Six Million Kwacha) to repair two partially damaged fire tenders.

This money is more than enough to acquire 3 new fire tenders from Toyota Zambia or from any other genuine supplier.

The cash has been paid directly to the ministry of Local government. According to documents seen and data from government insiders, the ministry and ZSIC General Insurance agreed to pay cash to the ministry instead of the company that will repair the fire trucks. The Watchdog is reliably informed that this is to enable fraud, for senior officials at the ministry of local government and ZSIC to share the money. An insider has told the Watchdog that the repairs needed to the two fire tenders cannot be more than K500, 000.

As can be seen from the attached documents, repainting one truck will cost K346, 000 while labour will go up to K855, 000, for one truck.

Surprisingly, the total for repairing each truck is slightly above K3 million , as if the trucks were involved n the same accident.

Genuine insurance contracts state that money shall be paid directly to suppliers of spare parts and garages that would have repaired the trucks.
But in Insurance contracts, like this one, which are written with a view of fraud in future have options of paying cash to the insured party.

The Watchdog is informed that 17 more fire trucks are damaged and will soon need to be repaired at same amounts.

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COMMENTS

WORDPRESS: 2
  • comment-avatar
    MUWEREWERE MUSEMAKWERI 2 weeks ago

    ZAMBIAS ARE ALERT AND WITH ADVANCED ICT NOTHING CAN BE SWEPT UNDER THE CARPET. TO ALL THOSE WHO ARE GETTING INVOLVED IN THIS DAY LIGHT ROBBERY.THEY SHOULD KNOW THAT THEIR DAYS ARE NUMBERED AND LEARN ONE OR TWO THINGS FROM JACOB ZUMA. THEY CAN RUN BUT WILL HAVE NO WHERE TO HIDE. THE SAME COPS THEY ARE DOWN LOOKING UPON WILL BE THE ONES TO ARREST AND SEND THEM TO JAIL.

    • comment-avatar
      Julie Mudenda 2 weeks ago

      Well said my brother.

      I hope we learn something great from South Africa – the truth and reconciliation commission. Wide-scale corruption of this type means state takeover by organised crime. So must be treated with extreme measures.

      I hope when a wikileaks style website is launched the government, whether PF or UPND, will allow whistle blowers to come forward and RICO-style (US anti-organised crime laws) ans POCA-style laws (UK Proceeds of Crime Act) can be allowed to be introduced and let whistleblowers choose immunity from prosecution. It is the only way forward now.

      Obviously, Chinese and probably US/UK intel know almost every bank account and every deal. Lets just pray for peace. I don’t trust any of them.

      Sorry guys, but I have spent a lot of time with them. I am not a witch.