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Banda’s wife probed for money laundering

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iol news pic zambia elections sept 20

AP

Zambia's former president Rupiah Banda at the State House in Lusaka, Zambia.

Lusaka - Zambian police have questioned the wife of former president Rupiah Banda about the source of funding for a luxury villa, the latest in a string of investigations into high-profile figures by the southern African country's new government.

President Michael Sata has made fighting corruption one of his priorities since ousting Banda in September. His administration has reversed several deals made during Banda's term and launched probes into a host of other transactions.

Sata directed law enforcement agencies in December to investigate the purchase of the villa that Thandiwe Banda owns jointly with other members of a private trust.

Police spokeswoman Charity Munganga said the former first lady was questioned on Friday for allegedly abusing authority and laundering money during the purchase of the villa.

“The former first lady co-operated very well and our investigations are continuing,” Munganga said.

Banda told supporters in Lusaka that his wife was innocent and the truth would soon come out. He said Sata would soon realize that he had been misled.

Last month, the government said it was investigating former finance minister Situmbeko Musokotwane over a tax deferment agreement he concluded with an Indian company.

It has also said it will take full control of fixed-line operator Zamtel from Libyan owner LAP Green Networks after an inquiry in November ruled the 2010 transaction illegal.

Officials are also looking into the 2007 sale of a 49 percent stake in state-owned Zanaco Bank to Rabobank of the Netherlands. - Reuters

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badballie, wrote

IOL Comments
01:19pm on 6 February 2012
IOL Comments

A step in the right direction, although we also recognize that Democracy has never worked anywhere on the African continent. One also needs to take into account that no struggle movement has ever been successful in ruling a country under any other circumstances than as a dictatorship. The African solution is to find an honest man to be dictator something yet to happen.

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Anonymous, wrote

IOL Comments
07:02am on 6 February 2012
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probing graft?-yet he stillsupports mugabe and his merry band of despots-including the re-appointment of a police cheif covered in blood

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Anonymous, wrote

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03:11pm on 4 February 2012
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Cant he come here and probe Zuma, MAlema, MAc, MAthale etc etc etc....throw them all back to robben island or robbing island as it should be called

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Anonymous, wrote

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01:48pm on 4 February 2012
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At long last we have one ruler in Africa who is living up to his election promises and taking action to recover the theft of national assets to start benefitting the electorate. Well done Pres Sata. Now let's see whether this can become a growing trend to give the poor a chance for the future.

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