Metro

Muchemwa, alias Commander 2, explains how he acquired properties while employed at ZESCO

0

Businessman, Francis Muchemwa, alias Commander 2, has told the Lusaka Magistrate Court that he was in 2015 legitimately employed as a security sergeant at ZESCO where he earned a K5,000 monthly salary.

Muchemwa and his companies, Friltech Zambia Limited and Altitude Properties are facing six counts of possessing suspicious property worth over K12 million and obtaining money through pecuniary advantages.

When the matter came up for defence before Chief Resident Davies Chibwili, Muchemwa testified that in April,2015, he applied for employment at ZESCO and was successful at interviews.

“I was offered employment on a contract as a security sergeant under distribution directory, and the same year I was transferred from distribution to corporate. My salary was about k5,000 and 70 percent was housing allowance.

“I was able to obtain a loan from ABSA Bank K382,000 and I got this loan in two instalments. The first instalment from Absa Bank is what I used to buy the property L/26392/M, which is my dwelling house. I want to put it on record that the second instalment is what I used to buy the other plot,” he stated.

He testified that in 2021, he was involved in chicken rearing, and managed to sell 700 birds and made a profit of K500,000.

He stated that between December, 2020 and August, 2021, his company, Altitude Properties made about K10.1 million from various businesses done such as the contract with DMMU.

He said the contract was worth K483,000 to deliver 20 tonnes of rice in districts in Zambia.

Muchemwa also stated that the company supplied 100,000 face mask and he was paid K1 million into the Altitude bank account held at Longacres.

“Other deals was a business done with private companies namely Mweucha Zambia limited where he supplied 378, 000, Face masks, the K4.2million was paid in our Altitude property limited bank account.We also supplied 370,000 face masks to a Construction limited, after a successful supply, K4.410 million was transferred into the Altitude account,” he explained.

He said he bought a plot at K120,000,known as L26392/m and another plot L/26 at k120,000.

“Friltech as company went on to buy land at K350,000 and part of the developments on the land at an approximate K900,000 and getting back to plot l/26, it was built at K780,000. Property l 76395/m, this was a business place, sitting on a plot of 20 by 30 and the cost of development was about K3 million,” he said.

WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.

Botswana objects to G7-EU diamond-tracking system

Previous article

Pakistan national on Interpol wanted list denied bail

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *

More in Metro