Action Aid Zambia has welcomed the move by the Zambia Revenue Authority (ZRA) to undertake a forensic audit at Konkola Copper Mine covering the period 2007 to 2013.
Action Aid Country Director Pamela Chisanga has told QFM in an interview that Civil Society Organizations have been calling on government to undertake a comprehensive forensic audit of the mining firm and other multinational companies.
Ms. Chisanga says the forensic audit is long overdue, stating that it is high time the people of Zambia started benefiting from country’s mineral wealth.
She adds that ZRA should also involve the office of the auditor general in its audit to ensure that a good audit report is produced.
Ms. Chisanga notes that ZRA should scrutinize all the transactions by KCM such as the money the mine is making and the payments it has been making.
She further states that ZRA should consider extending the forensic audit to other mining firms so that government begins to get a fair share from the mines.
ZRA does not have the capability to conduct an audit of any extractive industry. They are sorely out manned, out conceptualised, out prepared, out skilled, out-read, out experienced by far.
Its like comparing katata with single malt whiskey or Monze swallows to Real Madrid. Ask ZRA how many specialists they have anyone or if the GRZ in any ministry department or any wing has even two hours experience in the tax audit of of an extractive industry.
Nothing will ever be found. Action aid, sponsor a few Zambinos training with your big bucks. THEN go after KCM.
Kekekeke @ Realism, that is cracker!! ati its like
– A Katata brewer is sent to prove alcohol percentage in whisky. Or
– Monze Swallows coach is sent to train Real Madrid not to concede so many off-sides.
What forsenic audit? ZRA neither has the manpower nor the capacity to undertake such audit…the only thing they will audit is over inflated expenditure and a wage bill in Zambia.You really thing a muilti national like Vandanta will open their books to them..you ask British Inland Revenue if they had luck with that when they were investigating the likes of Amazon, Starbucks, McDonald’s.
Wake up just use that clip as evidence and negotiate.
I agree with u dear brother/ Sister. KCM Plc used highly sophisticated methods beyond the Zambian skill to swindle the cash. The government/ investigators should on the other try to explore what special implements/ inputs companies/ contractors like Mackenzie had in KCM otherwise such were the methods used to steal the money through expertise. By the way, nobody is talking about the Miners whose sweat and effort was not paid for following this discovery. I am of the view that the miners who sweated for that money and yet were not paid adequately MUST be compensated for the period under review. Zambians are not mere tools who should be treated like dogs by these foreigners. At least, we deserve a certain degree of respect from these people.
Grow Up, Such actions wont result into anything ? You will only ensure 1$ = 10 K and no one will come as investor in your country , if this is the way investors are being treated. Government has their own directors as board members of this company , why pretend as of they don’t know anything ? There is nothing new to know ? Books of account are truth , you cant cheat the books – copper is not such item which can be part of hand luggage and smuggled outside Zambia- let this company run, don’t trouble them so much that everything stops. Surprised why KCM officials are not reacting ? Please react and clarify KCM, don’t die a slow death – Stand Up, families , townships are dependent on you , kindly behave maturely and clarify all this, its high time you come to press and talk for you…
Ba Pamela mwisamwa sana, you not the only NGO in Zambia. Infact ActionAid has started to be an opposition party. If its about using your biological tools, then you are facing a wrong Vandata. Use them on such as Chikwanda or ZCCM-PLC