Reversing Zamtel sale will threaten foreign investment-Kunda

Former Vice President, George Kunda has disputed the preliminary outcome ofthe Commission of Inquiry appointed to investigate the sale of Zamtel to Lap Green of Libya, which established that the transaction was fraudulent and illegal.

The former government has defended the sale of Zamtel saying it was transparent, above board and according to the law.

Kunda said the transaction is well documented by the Zambia Development Agency (ZDA).

He has however, endorsed Government’s decision to table the Zamtel report before cabinet saying it is supported by law.

Mr. Kunda warned that a prospective reversal of the Zamtel transaction is a threat to foreign investment in the country.

He has described the setting up of commissions of inquiries,  as unprecedented and stage-managed by the current Government.

Mr. Kunda, who is a lawyer, is saddened that the terms of references for the commissions of inquiries seem to be predetermined.

He has advised the Patriotic Front (PF) to inherit all liabilities and assets that were left by the previous government saying it is a norm of governance.


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