Last month, the PF regime announced that it is compensating Lapgreen. But now another group of
Conmen that allege that they control Lapgreen, a Libyan company, have threatened to seize Zambian assets locally or abroad if the country doesn’t pay $257million which was used to buy 75% shares in Zamtel.
So did Zambia through Mutati Pay a wrong ‘Lapgreen’?
After all calculations the debt amounts to $487million.
Libya has no central government or single authority since the Libyan leader, Muamar Gadaffi was killed. The country has been engulfed in civil war controlled by war lords and fiefdoms.
“So who is the Attorney General speaking to? The former officials or managers or directors of Lapgreen have no authority or legitimacy! President Edgar Lungu should regard this entire transaction as high level theft and fraud….or he is complicity to this daylight plunder”! An expert familiar with the transactions said.
Lapgreen used to be a holding company for Libya’s state owned post office, telecom companies and IT companies.
The assets of the country’s state owned enterprises that were purchased in Europe, Asia and Africa have fallen to former officials and fraudsters.
But a Dr. Faisal Gergab , who claims to be the Chairperson of LAPGREEN has written a strong letter to Minister of Finance Felix Mutati, demanding payments and describing him as a dishonest man lacking integrity!
This Lapgreen is a company registered in the tax haven of the Republic of Mauritius says Felix Mutati is dishonesty.
In a strong worded letter titled; Government of the Republic of Zambia -Serial Sovereign Defaults on debt due to Lap Green, says an out-of-court-settlement signed and authorized by Attorney General, Likando Kalaluka in the Lusaka High Court in August 2016 and registered in the London High Court obliged Zambia to pay $257million as compensation to Lapgreen plus 8% interest since 2010.
President Rupiah Banda allowed Lapgreen to acquire 75% shareholding in Zamtel for $257million.
But President Michael Sata reversed the sale characterizing the deal as one shrouded and driven by corruption.
LAPGREEN took a court action in the Lusaka High Court.
After Sata died, the Attorney General pursued Lapgreen that the matter be settled out court.
This action resulted in a Consent Compensation Order(COO), where Attorney General committed government to refund Lapgreen $257million with interest.
“The now Minister of Finance Felix Mutati was a member of the Cabinet of Rupiah Banda when Lapgreen acquired its shareholding in Zamtel…he is very familiar with the deal and it would have been more useful if he gave a more comprehensive statement in Parliament.”
“Lapgreen is taking active steps to pursue full compensation recovery from GRZ in Zambia, Subregion and internationally”.
Since the war in Libya and the death of Muamar Gaddafi in October 2011, Libya has no central bank, no standing national army or police and has no central beuracratic or state infrastructure since the fall.
“President Edgar Lungu should consider this a fraud. Because it is clear that the so called managers, directors or chairman of Lapgreen derive authority from no one but themselves.
They want the money paid in Mauritius.
Zambia should regard this as a high level fraud against the sovereign republic of Zambia” said an expert who is familiar with high-level fraudulent entities from fallen states such as Iraq, Libya, Somali, Afghanistan and others.
“Why is the Attorney General entertaining these fraudsters? Why is the Minister of Finance having a cup of tea with pillagers and thieves? Ask them where they are deriving authority, ask them where or if Lapgreen even exist?” He said.
In this Libyan Civil War ongoing since 2011, two authorities initially claimed to govern Libya: the Council of Deputies in Tobruk, and the 2014 General National Congress (GNC) in Tripoli, which considered itself the continuation of the General National Congress, elected in 2012.
After UN-led peace talks between the Tobruk and Tripoli governments, an unified interim UN-backed Government of National Accord was established in 2015, and the GNC disbanded to support it.
Parts of Libya remain outside of either government’s control, with various Islamist, rebel, and tribal militias administering some areas.
As of July 2017 talks are still ongoing between the GNA and the Tobruk-based authorities to end the strife and unify the divided establishments of the state including the Libyan National Army and the Central Bank of Libya.