Economy

President Sata’s Bank Statements, Continued

michael-sata-bank-account-2Yesterday’s publication of bank statements belonging to President Michael Sata has caused a viral explosion on social media, generating more than 240,000 views and some 1,800 comments on Facebook, as well as tens of thousands of downloads of the document.

Today we continue with the next batch of statements covering the same account #0010106930015 of the Finance Bank account held in the name of President Michael Chilufya Sata. Whereas yesterday’s statement covered the period of time from January 2011 – December 2012, the document attached below covers all of 2013 and the first four months of 2014.

Over the course of 2013 and the beginning of 2014, the account went quiet, indicating that its purpose of existence was for the singular transfer of funds relating to one project, rather than a primary account used for spending. There were no outgoing payments or transfers from President Sata’s account, but the sole cash depositor, BRENDA MUSONDA ZULU, continued to occasionally deposit kickbacks. For example, between April 23 and April 29, 2013, Mrs. Zulu made four separate cash deposits of US$5,000 each, totaling US$20,000 (four separate trips to the bank in less than one week). The account would then remain quiet until January 15, 2014, when Mrs. Zulu deposited US$10,000 in President Sata’s account, and then on February 17, when she deposited an additional US$5,000 in cash. The total amount deposited into this account by Zulu reached US$249,600.

As stated in the previous article, investigations indicate that BRENDA MUSONDA ZULU may be linked to the road contractor China Jiangxi and its consultant, Zulu Burrow Ltd, which have been granted multimillion dollar contracts by the State House-controlled Roads Development Agency (RDA).

Around the same time that these funds poured into the president’s account, there were complaints regarding alleged acts of corruption concerning China Jiangxi published on some media.

In the next bank statements to be revealed here, we will see the extravagant spending and luxurious lifestyle of one of the President’s children who also received income from these same sources. Stay tuned for more.

Zambia: President Sata's Bank Account Statement 2013-2014

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