Zambia seizes $60 million in stolen funds

Published: May 10, 2008 at 3:34 PM
Order reprints
LUSAKA, Zambia, May 10 (UPI) -- The Zambian government has seized nearly $60 million in funds and assets allegedly stolen under former President Frederick Chiluba, an official said.

Information Minister Mike Mulongoti said while Chiluba is on trial on corruption charges in the capital of Lusaka, the seized assets will be sold to provide funds for hospital upgrades, the BBC reported Saturday.

Among the assets were an apartment in Belgium and several bank deposits. Mulongoti said former government officials were in possession of some of the seized funds.

Britain's High Court ruled in 2007 that four of Chiluba's aides had worked with the president to steal nearly $40 million in funds from the government.

The former president, who held office from 1991 to 2001, has denied the allegations and appealed the High Court verdict.

The BBC said the investigation in Zambia is being led by Chiluba's successor, President Levy Mwanawasa.


© 2008 United Press International, Inc. All Rights Reserved.



Cousin: Jacko viewing was open casket (1 min)
Economic Outlook: Huffing about homes (9 min)
Poll: Most want Sotomayor confirmed (13 min)
Nickelodeon not buying La. Six Flags (27 min)
Son of U.N. official kidnapped in Lebanon (28 min)
Jim Carrey to be a grandfather (31 min)
Man gored to death in Pamplona run (32 min)
fark
They should have known that you can't just walk down the streets of Manhattan dressed as Superman...
The coolest origami city you will see until the artist burns it down. Wait, what?
Budgie will become a hero, and a father, after flying out to sea
Convicted rapist cites fear of having to ingest killer red onions in jail in bid to avoid sentencing....
Over a 30-day period, U.S. Marshalls arrested over 35k fugitives netting 2,356 sex-offenders, 433...
Tennessee Aquarium presents a bowl full of ugly-ass baby penguin. A little milk and we'll have a...