Mobile UPI  |   About UPI  |   UPI en Español  |   UPI Arabic  |   UPIU  |   My Account
Search:
Go

Zambia seizes $60 million in stolen funds

|
|
 
  
Published: May 10, 2008 at 3:34 PM

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.

Topics: Levy Mwanawasa
© 2008 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.

Order reprints
  
Join the conversation
Most Popular Collections
Notable deaths of 2012 Scripps National Spelling Bee AmfAR Cinema Against AIDS gala
Indianapolis 500 Presidential Medal of Freedom Memorial Day around the nation
Additional Top News Stories
1 of 20
Singer Janelle Monae arrives at the 2012 MTV Movie Awards in Universal City, California
View Caption
Singer Janelle Monae arrives for the MTV Movie Awards at the Gibson Amphitheatre in Universal City, California. UPI/Jim Ruymen
fark
"Good News" clubs teach children in public schools the Biblical importance of killing all nonbelievers...
Five arrested in prostitution sting. Article lists their names, ages and distance from a church
Photoshop this power tower technician
Driving drunk and unlicensed, with a kid not even buckled let alone in a safety seat, en route to...
Man killed in Spencer fire. The lava lamps must have ignited the blacklight posters
Passenger jet crashes into apartment building in Nigerian capitol. Over 150 princes, bank officials,...