GOVT TOLD TO PROBE KCM

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GOVT TOLD TO PROBE KCM

 

The National Democratic Congress has called on the Government to immediately institute a committee of experts to conduct a financial audit at Konkola Copper Mines.

 

They have proposed that a committee of financial experts be appointed from qualified officers drawn from the financial intelligence center, the central bank, and ministry of finance, security agencies and the Zambia Revenue Authority and Mining experts.

 

Party Secretary General Mwenye Musenge feels KCM is evading taxes and may be involved in other sophisticated financial crimes.

 

“We feel KCM is evading the payment of taxes and may be involved in other sophisticated financial crimes. As NDC, we are disturbed that the mining conglomerate has been exporting cobalt illegally to China without the full knowledge of Government,” said Musenge.

 

“In March this year, we raised alarm that KCM was illegally exporting cobalt to China and Government brushed off our concerns,” says Musenge.

 

Revelations by Tianjin Maolian Science and Technology company limited that KCM has been exporting colbat to the firm has thus, exonerated the NDC.

 

She says they are not surprised that KCM has in the last few months exported colbat to China worth over 1.5 billion United States dollars.

 

“We need an urgent explanation from the Zambia Revenue Authority ZRA on these illicit financial flows at KCM. As a party, we are aware that the ZRA constituted a Mineral Monitoring Team, which unit, tracks and monitors the activities of mining firms,” he added.

 

The opposition leaders said the terms of reference of this team are very clear, as the unit was established to ensure transparency and accountability in the export of metals adding that, ZRA has officers seconded to mining firms hence news that KCM has been exporting colbat to China, unnoticed is inconceivable and opens up room for speculation.

 

He has demanded for an express response from both the Minister of Finance and ZRA commissioner general adding that all those involved in this financial scandal at KCM be fired.

 

He has urged Government to ensure that KCM immediately pays all the taxes accrued from the illegal sale of Colbat.

 

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