Hakainde-Hichilema
Hakainde-Hichilema

Opposition leader Hakainde Hichilema has been identified as one of the 120 politicians across the world that have used tax havens for tax dodging purposes.

The Paradise Papers, numbering 13.4-million leaked documents from Appleby’s offices in Mauritius, have revealed how the rich evaded millions of dollars in tax and kept questionable business decisions under wraps.

Mr Hichilema is said to have become a Director of a Bermuda company known as AfNat Resources Ltd.

Bermuda is a UK island in the North Atlantic Ocean and is widely known as the World’s worst corporate tax heaven with zero personal income tax and corporate tax until 2016.
In March 2006, Mr Hichilema who is listed in the leaked documents as a Zambian corporate executive with interests in mining, finance and other industries resigned in August 2016, according to Appleby’s records.

Appleby is a law firm that claims to be one of the largest providers of offshore legal services.

Mr Hichilema’s AfNat Resources was incorporated in 2005 and explored for nickel and other metals in Zambia and other African countries.

It was listed on London’s alternative investment market until 2010 when it was purchased by Canadian mining company Axmin for about $14 million.
As on April, 14, 2010 AfNat Resources Limited was acquired by Axmin Inc.

HH's portrait in Paradise Papers
HH’s portrait in Paradise Papers

AfNat Resources Limited explores and develops mineral resources in Zambia, Mozambique, and Togo.

It has a joint venture that holds five prospecting licenses for uranium and other minerals in Zambia with Zambezi Resources Limited, as well as owns the Mitaba nickel project in Zambia; and holds the Mavita project in Mozambique.

According to the Paradise Papers, Mr. Hichilema declined to answer questions from the International Centre for Investigative Journalists (ICIJ) about his roles as director.

Mr. Hichilema told ICIJ by phone that there is nothing illegal about a company registered in Bermuda.

The Paradise Papers is a leak of 13.4 million files taken mostly from the offshore law firm, Appleby.

The files were leaked to Suddeutsche Zeitung, the same German newspaper that took hold of the Panama Papers in April, 2016.

About 100 different media outlets worldwide are now poring over the details.

Sunday, which was day one of the disclosures revealed that some big names are involved – among them 120 politicians.

Paradise Papers
Paradise Papers

Donald Trump’s Commerce Secretary Wilbur Ross has also been named.

Secretary Ross has a stake in a shipping firm that receives millions of dollars a year in revenue from a company whose key owners include Russian President Vladimir Putin’s son-in-law and a Russian tycoon sanctioned by the US Treasury Department as a member of Putin’s inner circle.

On Monday, Mr. Ross told CNBC that it was “totally wrong” he did not disclose the links.

Stephen Bronfman, Canadian Prime Minister Justin Trudeau’s friend and adviser, is reported to have used offshore havens to avoid tax at home.

The Duchy of Lancaster, the private estate of the UK’s monarch, is also allegedly involved.

The estate of Elizabeth II invested millions of dollars in medical and consumer loan companies, the files show.

There is no suggestion the queen’s estate acted illegally.

Queen Noor of Jordan, Uganda Foreign Minister Sam Kutesa, Brazil Foreign Minister Campos Meirelles and Yuri Milner, a Russian billionaire investor with large stakes in Facebook and Twitter are also named.

While, in most cases, putting your money offshore and outside of your country’s financial regulations is legal, many argue hiding from the tax man is unfair.

The amount of money involved is huge with Boston Consulting Group estimating $10 trillion is held in these offshore financial centres.

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133 COMMENTS

    • There’s nothing illegal about owning a company or having investments in a foreign country. All ZRA needs to do is develop a mechanism for collecting taxes from Zambians who own companies outside Zambia.

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    • Well, he didn’t do anything now illegal – he just took advantage of a loophole.

      He is done nothing wrong if you are going from that’s angle.

      Good for him.

      Thanks

      BB2014,2016

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    • I MAY BE COMPELLED TO THINK THAT THERE MAY BE NOTHING WRONG TO OWN BUSINESS OUTSIDE ZAMBIA AND IN A COUNTRY THAT ALLOWS EVASION OF TAX. BUT, WHAT IS QUESTIONABLE IS, AS AN ASPIRING LEADER OF ZAMBIA IS HE REALLY SUPPOSED TO BE ENCOURAGING TAX-EVASION? WORSE, STILL HAS HE BEEN TAXED ON HIS SHARE OF USD$14M. IF HE AGAIN EVADED TAXING IT BY INVESTING IT IN THE SAME COUNTRY, BERMUDA- WHY WOULD AN ASPIRING PRESIDENT OF ZAMBIA AVOID INVESTING IN HIS OWN COUNTRY WHICH NEEDS SUCH MONEY? HAS HE JOINED HIS BROTHERS IN NIGERIA WHO DEPOSIT HUGE SUMS OF MONEY OUTSIDE THEIR COUNTRY? IS HH REALLY A PARTRIOTIC ZAMBIAN? WHAT MORE DO IMPERIALISTS KNOW ABOUT HIM TO THEIR ADVANTAGE OF COMPELLING HIM TO SELL ZAMBIA TO THEM. AS A COUNTRY COULD ZAMBIA BE SAFE WITH HH AS A LEADER?

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    • Ah.. Paradise papers, are these papers of people going to paradise??… I see my friend @Nostradamus just under queen Elizabeth there,,, am trying to make these guys write my name also, but it’s difficult,,,.. @Nostradamus please talk to the queen for me.. Am your friend remember??

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    • Therefore, HH’s crusade to become president of Zambia is not political and not that he cares for that “poor villager”, as he claims BUT monetary and for accumulation of his personal fortunes – WAKE UP Zambians before your country is sold to the highest bidder.

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    • @ Peter

      Please get some education before commenting.
      Do you know difference between “Tax Evasion” and “Tax Avoidance”?
      Please learn about subject before CRAPPING as usual.

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    • HH HAS DISQUALIFIED HIMSELF BECOMING ZAMBIAN PRESIDENT.
      HIS TRUE COLOURS HAVE BEEN REVEALED.
      SHAME ON HIM.
      OF COURSE HIS FELLOW TRIBALISTS AND REGIONALISTS DON’T SEE ANYTHING WRONG

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    • @Nostradamus
      Awe boyi! You can’t leave me alone on earth drinking tequila..na kana , I want to come with you ku paradise,, we have been friends for a long time,,, lungu left me, went to state house,, and you now are going to paradise Island with the queen,, awe boyi na kana

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    • @ Kapoko – There is everything illegal in our case. I smell a rat, if you cannot smell one, you are morally corrupt.

      I ask one thing in here. How can I be an HH, please? You tell me the sort of business in Zambia now that can get you this rich to be named together with the queen and Russian tycoons.

      ECL is sh1t, he was good initially but he has to go! HH, the man has very wrong moral issues, anywhere near the presidency, he will screw us. Just look at the paradise papers and how he got massive shares in Sun International and many more you will uncover like I have having a dipper dig in his dealings.

      SUMMARY… Is Zambia now screwed?

      CONCLUSION… YES! As long as we have opposition that cannot even show us a micro democracy within their party and they have as a leader, a chap…

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    • (… CONT’)
      CONCLUSION… YES! As long as we have opposition that cannot even show us a micro democracy within their party and they have as a leader, a chap who screwed Zambia to get RICH, we are effed.

      WHAT TO DO… HH should leave UPND, let us get a leader with lesser bugage as opposition leader and PF will vanish.

      LIKELY TO HAPPEN… Zambians mostly from Barotse Land, will not accept to replace HH, the fact that they will not accept, the whole country in effed cause PF gets back in not with ECL, cause he is barred from standing, but with a new PF leader and most probably same corruption.

      Ignore at your own peril just like you have been doing 5 times under HH… the paradise papers are nails in his political coffin… I can assure you, once the 6.5 provinces learn that he is…

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    • (…CONT)
      Ignore at your own peril just like you have been doing 5 times under HH… the paradise papers are nails in his political coffin… I can assure you, once the 6.5 provinces learn that he is standing shoulder to shoulder with the queen and Russian tycoons, it is going to be 6 times come 2021.

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    • By the way, the PRESIDENT himself is on Let The People Talk on Radio Phoenix.
      Tune in Fox!!! I just admire this man. So brave, intelligent, handsome, courageous full of vision name it!
      Awe sure. 2021 is his no matter what!!

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    • @Ndobo, I am disappointed that am not mentioned in Paradise Newspapers. This is dealing, not corruption.
      This is better theft than stealing from firetrucks.

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    • This just confirms what some of us were saying, HH benefited from the initial sale of the mines, got rich quick was made a Zamtrop agent by the late FTJ and has been using that money for his fake investments in other words he has been washing or laundering money obtained from the privitisation of the mines.

      Had the govt had wise advisors and not brainless stones they wouldve pressed this issue rather that the Mongu incident to have HH arrested on clear and staright forward charges.

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    • @ BANA BOBO CHINTU: Cmonn!!!! Ati HH HANDSOME?? HM!!!!!! LOL Please, give us a break.kekekekekeke

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    • The Privatization process of Zambia’s core State Owned Enterprises (SOEs) was laced with grand CORRUPTION in WHITE COLLAR TECHNICAL CRIME.
      This HH is a direct beneficiary of this process as he performed the role of a Consultant, the Buyer/Investor and finally he is damn RICH!
      The man is simply a thief of firstly proceeds of a process then graduates to be actor of Laundering activities via well crafted and/or purported Development Agreements (DAs) for the Mining Houses drafted by the current Attorney General – Kalaluka SC under the supervision of the former Attorney General Bonaventure Mutale SC at Ellis and Company, with one co-corrupt partner Valentine Chitalu.
      If Zambia was China, these guys would have been forensically and thoroughly investigated rendering them to be slaughtered…

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    • It just shows you the difference in caliber of HH Vs Lungu:

      HH is a venture capitalist, a job creater who is able to raise funds on London Stock Exchange.

      – LUNGU is a common thief who steals from Govt Fire Truck & Ambulance tenders and from gets cuts from Chinese logging Mukula
      – HH invests in LONDON STOCK EXCHANGE, whilst LUNGU builds a Casino.
      – HH is busy trading on LSE whilst LUNGU is too busy flying from country to country trying to raise traveling allowances instead of running the country.
      – HH was busy investing in Sun International Hotel, ZamBeef, etc whilst LUNGU was busy stealing from a chilanga Cement widow’s retirement benefits till he got deregistered by LAZ.

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    • Why? Has he done something wrong? Instead of making comments out of 5tupid jealousy and brainless cadreism, read Income Tax Act and you will discover that “tax avoidance” is NOT ILLEGAL

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    • @FBK, you are simply trying to put some icing on a toxic cake made by HH. In all honesty, why should he avoid paying full tax on his earning and instead opts to hide his money in a tax haven? Can this man after all these revelations stand with his head high that he means well for Zambia? So to you, all the talk of the Queen, Putin’s friends, Trumps close associates and their dealings in Tax Haven is simply fake news?

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    • @KBF, but chakubaba zoona. Your ka small god has been exposed, not just by the local media but internationally. The problem with Cadres with small criminal minds like you is that you will fight tooth and nail anything that threatens your ka god’s ascendency to the presidency.

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    • FBK uli cipuba, that income HH invested in Burmuda was not TAXED here in Zambia because it was a PROCEED OF A CRIME CALLED CORRUPTION!
      Tax Avoidance does not mean running away from your due obligation of paying Tax.
      Ku Germany bakaka for life, ku China ni Firing Squad!
      If HH is honest about these dealing let him give a full disclosure of how much he has invested and fro where the way he was talking about building a small house in a compound and raring animals that give birth every two minutes like flies!

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    • Learn to read. Tax avoidance is not the same as tax evasion as most of you gullible Zambians think. Take an example. People especially in Zambia would rather avoid being employees to be paying high P.A.Y.E. but instead opt to be consultants to pay only 15% in withholding tax. That is what we mean by being smart.

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  1. There is no suggestion the queen’s estate acted illegally, end of quote!

    What is wrong with HH being Director and investing his money in a tax heaven?

    Given connections, even Lungu can do this, including all commenting negatively here.

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    • @HH the free mason
      He pays taxes from investments that he runs in Zambia. If ZRA has no means of collecting taxes from Zambians who run businesses outside Zambia, it’s not anybody’s problem, but ZRA’s.

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  2. What a patriotic way of showing Zambia that he one day wants to manage the Government’s Exchequers.

    We have said time after time that HH and Chiluba stole money from the backhands payments of selling the mines. If the Zambian Government really put in an effort they would find the money this guy stole.

    Diverting funds in a Tax Free Haven is not a crime, but HH stole money from the mines and he has hidden it outside in these Tax Havens.

    Now can you imagine if HH was given the Instrument Of Power to run the economy.

    HH is a white collar thief and will always be a white collar thief. Period !!

    Put that aside. HH needs to start practicing democracy by having a Convention. If he did that he would gain much respect. He is the last person to talk about true Democracy in Zambia.

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    • That is your opinion. A flawed one at that. No proof at all.

      You have nothing to substantiate your baseless claims. Jog on.

      Thank s

      BB2014,2016

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    • Do you honestly think Sata and Jonathan would not have shut his enterprises down by now if he was not paying taxes like the Post or had stolen from the privatization process? That would have been the first thing they would have used against him and not baseless treason charges they eventually arrested him for. It’s a pity our man amassed 10 times the value of his previous declaration and we are all quiet. His time to account will come.

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    • Are you telling me you spent the whole night up-voting your useless comment? Do you not have a girlfriend or wife?

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  3. That’s one evidence about stolen privatisation moneys. They stole huge sums and hide it overseas. Acc should now take interest and question this tribal full how he suddenly got stinking rich after the sake of our companies. Those companies should Infact be zambianised.

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    • Don’t comment on things about which you have no idea. Why do you hate people? Just work for your money instead of displaying such hatred.

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    • instead of ranting online sue him to see if your allegations holds any water. This kind of politics is a gimmick to sway people from serious issues affecting our country. Right now Lungu has cracked down Zambia’s economy and its worsenning each day that comes by. Corruption is a cancer!

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  4. I woke up in the morning of yesterday to a screaming headline on one of HH’s media platforms’Breaking News:HH named in paradise papers’.I am sure this sick platform thought it was another international accolade to their master.Upon realization that the report can have damaging consequences on their leader the page was pulled down as early as 9 hrs.

    What was shocking to me is that this greedy crook called HH is actually known by Appleby as ‘HAKAINDE SAMMY HICHILEMA’ the other striking and worrisome connection to Appleby is Glencore and it’s illegal activities in the Congo as reported by Blomberg.
    Even if I might not vote for PF or Chishimba Kambwili come 2021(God willing)I will not vote for SAMMY simply because I strongly believe SAMMY is a crook capable of auctioning my…

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  5. Now you understand why HH would openly support Fred Mmembe, a man who refused to pay hundred millions of taxes to the government when the case is a clear cut that The Post had been dodging to pay taxes for many years.

    Turn the page, this same HH is blaming the Government that the Prison Services where he spent time are in poor conditions.

    HH forgets that if his buddy Fred Mmembe can pay taxes, then government would have extra money to support Prison Services, Hospitals, Schools, and Public Services as a whole.

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    • This is not the final list of people involved there are still more revelations to come …… Its amazing that Lusaka times is focusing on HH who resigned from this company after 5 months instead of focusing on Illovo Sugar !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

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  6. ITS AMAZING THAT NO-NE READS OR REPORTS CORRECTLY.
    HH BECAME A DIRECTOR OF THE COMPANY IN MARCH 2006. HE RESIGNED FROM THE COMPANY IN AUGUST 2006 ( 5 MONTHS LATER). NOW BECAUSE YOU ARE A DIRECTOR IN A COMPANY FOR SUCH A SHORT PERIOD IT DOES NOT MEAN THAT YOU ARE A CROOK YOU ARE MENTIONED BECAUSE YOU HAD TIES WITH THE COMPANY !!

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  7. Hakainde Sammy Hichilema must consider his political life with the exposure of paradise papers that reveal something he has never declared! Post newspaper was closed for evading tax. I think ZRA should go knocking on the door of this man who I believed until I read the panama papers that he has got something to hide.

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  8. This article is like a tax haven for PF cadres and tribal proponents. As if Lungu is a saint with properties in Dubhai and Fire Tenders.

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  9. WOW!!!

    If there is need to prove inbreed 1mbecility and sickening tribalism of PF supporters, Please refer to above anti HH comments. Uneducated parasitic bunch without basic knowledge.
    For your info, RB has signed reciprocity tax agreement with Mauritius. Therefore, why are you 1mbeciles salivating about?

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  10. HH made attempts to be President for the last 12 yrs. What moral authority will this man have on patriotism, respecting the rule of law and now managing our taxes if it’s okay for him to get away with these things? Abena Zambia let’s tighten up our leadership credentials. We are sleepwalking into chaos every time we elect leaders who are unethical. Vo lumba lumba ti leke! We need leaders with less baggage. As radical as this sounds, neither Lungu nor HH are fit to take Zambia through the next era.

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    • Morality?
      Definitely more than somebody who has managed to get CONVICTED for embezzlement and then graduated to Alma and Omega of INSTITUTIONAL CORRUPTION

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    • @Enka, have these papers named GBM and ECL as well? Please share with us or stop fabricating alarming fake news.

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  11. Nothing illegal; No stolen government money like what corrupt PF leadership have done; Let PF explain where stolen money from $42m fire gate and ambulance gate money has gone;

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    • Reading between the lines companies like Apple face heavy penalties over this matter so I humbly think even others mentioned in the report are guilty. By the way the money HH sorted away from Zambia was created in Zambia using Zambian money and must attract tax.

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    • @ Ndanje khakis

      And you do have evidence that “…HH sorted away from Zambia was created in Zambia using Zambian money…”?
      If you do, ICC and DEC are waiting for your evidence. Be “good” Citizen and report money laundering/corruption/tax evasion.

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  12. We have always said HH is a thief. Look at the time and period 2005,try to imagine when he stole the money, guess what during the sale of Zambian mines and companies, also at the time Chiluba was about to leave office, Hh is a bad thief who even stealing from us he goes and share the money with other nationals,instead of investing here at home, he is bad thief.
    Now ZRA should investigate thoroughly so that we know the sources of his money, if properly followed we will know, now I fully understand what the President is saying that there is a big plan out there to change government ,yes Lungu might not be doing the best but he has the country at heart and he us trying to protect us from people like HH,imagine what would happen if this guy was President.

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    • Non partisan I agree. And I urge ACC to trace the source of the money that was invested in this company and they may come up with a case of money laundering.

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  13. Dear Lusaka Times,

    we know that you are paid to make sure that HH is painted black.

    However, point of correction, HH resigned from AFNat Resources as Executive Director same year he was appointed in 2006 and not 2016.

    We know you are targeting the dull and gullible population but us the intelligent ones are keeping tabs on the fake news you write just to try and discredit HH.

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    • @KBF sorry that the only thing you know is insulting. Thanks but facts speak for themselves that LT doesn’t spare or support anyone.

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    • LT is above board compared to most online publications.Fact is HH facilitated the acquisition of mineral rights hence being director just to meet legalities.After delivering our resources into the hands of his master…he got paid for it.Leaving you and I with no control of thise resources. Our grandchildren will never have control over the resources because HH has facilitated this transaction.If you don’t see anything wrong with this then cry my beloved country.

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  14. Where is that leaked paper, if it were true it wud be headline on govt toilet papers.

    It’s a tax loophole and it’s not illegal. Even Hilton deals with the same paradise legal firm. It’s up to local tax to be strengthened not cry online.

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    • It is actually. In Times of Zed. No way these useless morons would let such an opportunity pass. The cool thing is no one really cares what HH does, they just want dull Jonathan and his !d!otic PF out of power ASAP.

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  15. Infact I went through some records when he contested in 2006 under UDA his name was H. S. H, but after that the S was dropped, and all along I have been wondering, because it is like a practice in Zambia for politians to make their middle names known. Can someone tell me why S was dropped.

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  16. WE HAVE SO MANY ZAMBIANS DOING BUSINESS OUTSIDE DUE TO TOO MUCH TAX HERE AND IF YOU ASK DR. GUY SCORT HE WILL TELL YOU WE HAVE SOMEONE (NO NAME MENTIONING HERE) IN CHINA, WHO HAS A FAST GROWING BUSINESS AND HAS EMPLOYED 50,000 TO 80,000 CHINESE GUYS, REASON HE CAN NOT COME HERE IN ZAMBIA IS BECAUSE OF POLITICAL THEFT THROUGH HEAVY TAX. LOANS IN ZAMBIA ARE MORE THAN KALOBA.
    HH, IS CONNECTED AND HIS BUSINESS IS CLEAN. IF YOU FEEL HURT PLEASE DO SOMETHING FOR YOURSELF. THE THING HERE THERE IS NO COUNTRY TO TAX THE AFNAT BECAUSE BUSINESS IS NOT DONE IN ONE COUNTRY.

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  17. Indeed ignorance is a disease. How is avoidance of tax illegal? People try to minimize tax legally by taking advantage of the available incentives. Only a foolish person would complain of such.

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  18. I would be shocked if a businessman of his acumen has not taken advantage of tax havens.. Many of us would if we had the financial muscle and know-how. The discussion should center more on what governments are doing to make their citizens comfortbale and willing to pay taxes. You pay in excess of 40% in taxes only to have someone dip into the cookie jar..aikona man!

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    • It’s not only Zambia which has high taxes that’s why even European businesses are hiding their money on places like Virgin Island.

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  19. What does this revelation tell you about HH and the attitude of future African leaders? We said on this forum that HH is a foot soldier of imperialist endeavors. This is indefensible.

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    • And HE who got richer by 2.1 million USD in a year is a foot soldier for whom? New Chinese Emperor? Uncle Bob?

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  20. THE CROOK HAS BEEN EXPOSED. OF COURSE FELLOW TRIBESMEN AND REGIONALISTS DON’T SEE ANYTHING WRONG.

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  21. If you found a loophole that would make you avoid paying tax, would u go for it.
    Stop being hypocrites everyone wants to maximise there income.

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  22. HH is AN EMPERIALIST agent from 1992 up to date. When we say that HH is under ANGLO AMERICAN CORPORATIONS some people refuse to acknowledge. ANGLO AMERICA from inception has done evil deeds since 1900 especially in nations with MINERALS, wars in Serra leaon, Liberia and Congo DRC by deliberately dividing ethnic groups AND THEY have MADE huge BLOOD-MONEY as what the ARTICLE bove shows. Instead they tends TO HIDE their BLOOD-EARNED-MONEY in tax- free country where by deliberately they put INTERNATIONAL POLICY on that nation to FAVOR their political AMBITIONS . AFRICAN GIANTS like HH,Johann Ruper &family,Nicky Oppenheimer,Mike Adenuga and others known as ANGLO American-AGENTS are stinking rich by INFLUENCE government Organizations around the world through Political meddling, Corruption,…

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  23. You think am paranoid, am NOT my brother am just telling you that there is something going on if you don’t know.infact am TONGA but I can’t support HH because of the Organizations where he belongs, I hate white attitudes towards black people especially where leadership and economical issues is concern. I love AFRICAN countries AND PEOPLE including you who think that am paranoid.Thank you.

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    • Great answer. Can you consider following definition:
      One measure of the extent of tax evasion (the “tax gap”) is the amount of unreported income, which is the difference between the amount of income that should be reported to the tax authorities and the actual amount reported. In contrast, tax avoidance is the legal use of tax laws to reduce one’s tax burden.
      By the way, I am NOT African and I do NOT like RACIST of any kind, Black, White, Yellow or Brown.
      So much about your Christianity and Equality!!!
      I was right, you are RACIST P1LOCK

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    • @Mr. P: It’s sad that hh’s supporters have chosen to blind themselves to the reality happening behind their messiah. After independence, this tribalism we are seeing today started. Harry Nkumbula was spearheading the tribal propaganda that made the tongas hostile to the UNIP government. With imperialism at it’s height then (Ian Smith’s Rhodesia, the boers’ Arpatheid), Zambia would have split hadn’t KK taken a communist stance and introduced one partism. With the advent of democracy, that tribalism inhibitor was removed. Tongas have always viewed the other tribes, especially the Northerners and Easterners as invaders and foreigners. In the name of freedom and democracy, the imperialists are free to wreck havoc on these tribal lines. Now the imperialists, specialists at divide and…

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    • …rule, are exploiting it. upnd, formed by a tonga (who was a member of the ANGLO-AMERICAN set up) whose agenda was to break the Northern/Eastern hegemony on national leadership. After Mazoka, hh was their chosen one. Anglo-American’s roots go all the way back to Cecil Rhodes and his Cape to Cairo vision.

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    • Ask Government to file Ruling of the High Court of England. There are USD 47 Million waiting. RB, Sata and ECL do not want that money

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  24. Hehehehehe! Ba pf now you know that HH temunenu. You want him invest all his money in zambia so that you can freeze his asserts at will like you did to Fred Mmembe and Raja Mhatan. There is no crime one commits in investing outside zambia. Pf cadres ministers are busy stealing tax payers money and hiding the money in offshore accounts. Bravo HH. Better secure your money outside for safety.

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  25. You PF carders are just too dull. A tax haven is a jurisdiction that offers favorable tax or other conditions to its taxpayers as relative to other jurisdictions. The term refers to those countries or jurisdictions that have a low-tax or no-tax regime or which offer generous tax incentives in order to attract foreign direct investment. All countries want to generate new jobs, bring in new technologies and grow their economies. Every year, the Zambian government makes changes to its tax legislation by reducing tax on certain commodities or services that affect particular sectors of the economy eg tourism, mining, agriculture etc. We have even gone further by declare certain parts of our country as tax free zones. This is meant to attract more investment, create new jobs and stimulate…

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  26. HH is a cunning headman who is now patron for all tonga traditional ceremonies including that of his paramount chief mukuni. Now you all know that this man and his grant thornton made loads of cash off government this was when the convicted ex-secretary to treasury Ben Mweene was in-charge. Almost all jobs went to hh and /or knox one as advisor for the dismantling of the mines the other for the actual sale…but that’s not the end of the story when GT was appointed to liquidate an ongoing entity Lima Bank the home of the MD was in Kabulonga. HH participated in an ‘open tender’ to bid for and buy the house….well I wonder what else he will bid for if he ever got his sticky fingers on the government purse…if it looks like a duck

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    • @thechangeweneed UPND, if it looks like a duck and quacks like a duck, then it is a duck. The ka small criminal with sticky hands is being exposed. Expose more please.

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    • To dull ducks thinking they are smart is the saddest thing I have ever experienced. Your lack of brains has just ruined my day. Please google Tax haven and what it means coz statements like this from two grown people is just painful! Painful I tell you. 🙁

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  27. Ba LT do not bring such stories to people who cant understand certain issues some have less education they will only tarnish someone’s reputation and end up with wrong conclusions.thats why even legal documents needs learned judges/lawyer to interprete it for you to understand.The bible needs the ordained to interprete the word of God for you to understand.e.t.c

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    • HH wants to be president of Zambia, LT has done well to bring this story here, lekeni fye HH alondolole ifyo awina!
      Uyu muntu ni kabwalala

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    • @Deep thinker … think again and again and again?

      Then you replicate what he did using the moral high ground…

      After you try replicating HH dealings you will come to a conclusion that is somewhat reasonable.

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  28. It makes sad reading on this fora that when things are negative on any leader, depending on were you belong then its either the gospel truth or the other way round. Reading in between the lines of all what has been written above, all UPND cadres are in support of their earthly god in HH, whilst all the ECL cadres are the opposite. This just shows how some of you think…that is if at all you even think. In UPNDs cadres minds, if HH insults, its Vaseline, they will use it, if ECL does the same its a smear of charcoal……what nonsense. Let charcoal be charcoal and gold be gold imwee mwe fibantu……….

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    • And you wonder what the supporters of this demi god call corruption. It reminds me of how some people hero worship FTJ ati ” ka Chiluba ka ndalama ” and yet it was our money in the first place.

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  29. Having a convention in UPND would be likened to suicide by HH. He knows very well his den is the political position as the leader of the larger opposition so that all moves illegal or indeed legal can be attributed to harassment of the opposition. If HH was to loose his political position that would put him bare without guard. The recent past has had news on Lungu having amassed so much, and what is your take on the Paradise revelations? Do you want to experiment when you already know what sot he is?

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  30. God reviewed to me this revelation. The debate on whether President Lungu is eligible to stand in 2021 or not. Go and ask those questioning his eligibility this question. In January 2015 after the death of President Sata, Lungu stood and won as per constitution requirement that after 90 days following the death of a sitting President, there shall bye-elections. Now if President Lungu didnt win the elections would he have attempted to be President for a full term or just for 19 months to fill the vacuum left by late President Sata? The answer is he would have attempted to stand In for the remaining 19 months. Now that he won, did he serve for 19 months or a full term up to August 2016? The answer again is he only served for 19 months. Now go back to your constitution, what does it define a…

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  31. contd

    Now go back to your constitution, what does it define a full term of office by the President in Zambia?
    If you can answer that question, then you know whether President Lungu is eligible or not to lead your country up to 2026.

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  32. First of all, let me be clear.
    I will never vote for HH in this life or the next.
    Secondly,it is backward thinking for UPND cadres to think they have a monopoly on knowledge and intelligence.
    The single fact that they are languishing in the political wilderness for 16 solid yrs with 6 famous losses confirms how faulty their collective reasoning is.

    Thirdly,I assume we all know enough about tax havens and offshore shell companies which 90% of the time are used for illegal activities.

    So for now, am just waiting to hear from an employee of AfNat Resources.
    It’s likely to turn out that there is none simply because its a shell company-a fake company used to channel illicit cash flows.

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  33. There is no screat on earth.the money hidden in those tax free countries by HH is what he stole with FTJ Chiluba through privatization.LESA NIMALYOTOLA!!!NOW HH HAS BEEN EXPOSED PANTS DOWN!!surely if a person who aspire to be our president can be avoiding to pay tax,WHY SHOULD US POOR ZAMBIANS PAY TAXES?IF ALL ZAMBIANS AVOIDED PAYING TAXES HERE,HOW CAN OUR COUNTRY DEVELOP AND WHO WILL BE PAYING THE PRESIDENT OR HH HIMSELF IF HE WON?
    HH is very evil indeed.but God shall keep on exposing him before he records a 6th loss in 2021!!!ITS TRUE HH WILL NEVER BE ZAMBIAN PRESIDENT!!

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  34. Leadership is mainly about integrity and morality. If HH was not seeking political office, for that matter the presidency of Zambia, he would not have been a subject here. The same way people who even support PF are disheartened about the cost of acquiring fire trucks is the same way people are talking here. We are not talking about business cleverness, NO. But morality and integrity of leaders. A nation needs taxes to run government and you have someone who is aspiring to lead a nation taking advantage of tax loopholes to avoid tax. If God permitted HH to be president and every Zambian starts avoiding paying tax , how will he run government. Thats why its disheartening for a leader who sees much sufferings of people to avoid paying tax.

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  35. Kbf call it what you can. If it was Edgar mentioned you’re going call it another name. By the way Edgar who’s alleged to own $23m does not even appear on the top 10 richest presidents in Africa where mugabe appears at number 10 with $8m.

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  36. Someone said HH is clever he just served for 5 months as a Director. The question is not about how long he served as a director, its about a presidential aspirant looking for loopholes to avoid tax.The other question is where did HH get this money he took to Bermuda or wherever. Can he demonstrate that this is not money from privatization? Yes he offered consultancy services,but to ask the payers to send money into his offshore accounts is being unpatriotic. Offshore dealings hugely impact of exchange rates negatively, instead of forex coming to Zambia to reduce exchange rates pressure, the money meant to pay for services or goods offered from Zambia is diverted to improve other economies then you turn and say these people don’t know how to manage the economy, what hypocrisy. Are these…

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  37. Cont. Are these not deliberate actions to put pressure on the exchange rates. Weeks leading to elections and after elections there was some word going around that there are some people buying off dollars from the market to increase its demand hence the price in order to make government appear to have failed to manage the exchange rates. I hope this is not where these dollars where going. Lastly my advise to HH and supporters is that every Zambian qualifies to lead this nation some day that includes HH but effort should be made to avoid hurting the economy of this nation deliberately in order to make those ruling appear to be failures because God’s favour may leave you if you doing such things. God bless Zambia!

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  38. Africans never learn. we are the ones developng the outside world and we keep on crying. HH store money thru privatization with the whole league you know them. he received commissions by undervaluing the assets he was tasked to unbundle. he may escape prosecution today remember what happened to FIFA boss. scripture will be fulfilled.

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  39. HH stole money from ZCCM privatisation and hid it of-shore accounts to evade not only tax but also because he has been afraid his accounts if in Zambia would be frozen. He needs that money for his campaigns for office of the president. All this is called GREED. The man is so greedy he’s even aspiring for more money. What a greedy man, HH.

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  40. NDELOLESHA FYE- agreed. I vowed not to be a supporter of any political party or a cadre in short. Party cadres do not think and reason. The best they know is to discredit each other. This would have been a good opportunity to learn about tax havens. How they affect economies and how they can be linked to criminal activities so that at the end the day we will have learnt something. These terminologies are used so much in business circles and those who have done business studies should have come on board to teach us more but alas we are seeing punches from cadres on either side, HH or ECL.

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  41. now you understand the connection between DA and UPND, HH
    and the DA leader in particular. Protecting capitalist interests.. more is coming…

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  42. Privatization money. Looters who hide money in Haven countries do not realize that after they die, the money goes away too. Hazaluzah Hagain.

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  43. The same people will finish him DA.Ask one question who is the source of this information? This is an inside job wait and see.

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  44. Tonga man, tell us how you came to that cash, as for Apple, same with Lewis the queen and many others but for you bwana, we don’t know. May be you sold some cows to UK ? Be a man and tell the world otherwise it’s stolen money

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  45. I think business is a robust undertaking – the more you search for Investment opportunities, the more the world presents them to you, in this case, I can safely say that Mr Hichilema is a hard worker who deserves everything he owns, I admire his business acumen. He’s intelligent and focused, he inspires me. I further, do believe that business introduces people who practice it to a lot of opportunities, if you are a businessman and liquid in that instance, coupled with risking taking faculties – you score big. A lot of people have invested in foreign lands away from home in a bid to either maximize on their returns or simply to spread their wealth across for security reasons – I mean that is the name of the game. Be more successful Mr Hichilema, though I don’t support you politically.

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  46. How your friends in Europe are reacting to the news:
    Europe: Pierre Moscovici, the European commissioner for economic and financial affairs, sent out a tweet to his 189,000 followers saying that it’s “time to complete the EU’s anti-tax evasion toolbox with swift decisions” on tax havens. Eva Joly – a member of the European Parliament and the deputy president of a European parliamentary inquiry on the Panama Papers – said in a statement: “If all this is ‘legal’ then it is necessary to change the laws.”

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