The Task force on Corruption has recovered assets worth over K116 billion which were plundered, stolen or unlawfully obtained during the period 1991 to 2001.
Task Force Public Relations Officer Victor Makayi disclosed to ZANIS today that of
the K116 billion recovered, K85 billion worth of assets have been surrendered to the
state for disposal by Cabinet Office.
Mr. Makayi said so far the surrendered property has already been disposed off by
Cabinet Office through two auction sales conducted last year and this year
respectively.
He explained that several motor vehicles, landed and machinery worth over K20
billion has not yet been disposed off.
He however said a third auction sale would soon be conducted at which the property
which is not yet disposed would be sold off.
“There has also been recorded cash and other asset recoveries at home and abroad,
including the 30 Belgium apartments worth over US$8 million. Cash recovered through
Task Force investigations has normally been surrendered to the Ministry of Finance
Asset Recovery Account kept with Bank of Zambia,” he said.
He further said government would soon decide on what should be done with the
proceeds of the Task force successful asset recovery programme.
Mr. Makayi said the Task Force on Corruption was resolved to continue managing its
civil and criminal cases by its Judicial System.
“Delays experienced in dispensing justice is a matter that is being addressed. And
of late the courts have demonstrated concern that justice be delivered on time,” he
said.
Last week, President Levy Mwanawasa said he had asked cabinet office to decide on
whether to continue with it or not, depending on how much money was available.
Dr. Mwanawasa said cabinet would decide whether to disband the Task force on
Corruption and concentrate on the existing law enforcement agencies such as the
Anti-Corruption Commission (ACC).