Economy

Mwango Sata’s Bank Account Revealed, Part 2

On 27 June, Zambia Reports released leaked copies of bank account statements belonging to the son of President Michael Sata, Mwango Sata, covering the period from October 2011 through December 2012. These account statements were preceded by copies of statements of an account held in the president’s own name, which attracted more than 500,000 combined pageviews, social media hits, and downloads.

The leaked bank statements from the first family’s accounts held at Finance Bank under the supervision of Rajan Mahtani showed a number of highly suspicious cash deposits from an individual named Brenda Musonda Zulu, believed to be connected as a representative of the roads contractor China Jiangxi (through its consulting partner Zulu Burrow Ltd), which has been awarded hundreds of millions of dollars worth of tenders from the State House-controlled Roads Development Agency (RDA).

The revelations of these alleged acts of potential corruption has outraged the public, with many civic leaders calling for immediate investigations by the Anti-Corruption Commission (ACC). According to a statement released by the opposition Movement for Multiparty Democracy (MMD): “To avoid further speculation and allegations of corruption against the Republican President, MMD urges State House to urgently issue a comprehensive statement to clear the air and clarify whether these bank statements are genuine, and if so, to explain the purpose of the deposited funds.

Today Zambia Reports continues its investigative report on the bank account belonging to Mwango Sata, this time covering the period from January 2, 2013 to March 27, 2014, which can be downloaded in full here or viewed below.

Over this time period, it appears that whatever arrangement had been set up with Brenda Zulu had expired, while there are only occasional cash deposits by an individual listed as “DANNY MUNDIA.” Mr Mundia made cash deposits to the president’s son’s account on January 28, 2013 (two separate deposits) and again on December 11, 2013. Throughout most of last year, it appeared that Mwango Sata was using the account as a source of petty cash, taking ATM withdrawals all over Zambia and South Africa, as well as charging various shopping expenses at stores like Tommy Hilfiger and expensive restaurants and bars. Then, in March 2014, an important event took place, as Mwango made a deposit K29.550 and then made a transfer of K95,500 to another Finance Bank account known as “MERKKN VENTURES LTD.”

In our next installment, we’ll take a look at some of the companies tying into these suspicious bank activities by the President and his son.

Mwango Sata's Bank Account 2013-2014

10 Comments

  1. Bwango orphan

    Rajan Mahtani must he a wizard or a witch to entice every President and Minister to open an account with his bank. Chiluba, Mwanawasa, Kaunda, Rupiah and Sata all had bank accounts with Finance Bank. He fooled all of them and robbed all of them. This will continue even with new President taking over in 2016 or earlier. Nevers is already in his radar and HH is being bribed through watchdog and brown envelopes picked up from Rajan’s office on Cairo Road. How did he manage to silence First National Bank owned by the Jews of South Africa, who having spent billions and brought sanity to the insolvent Finance Bank kept quiet when Sata took the bank from them without any compensation and gave it to Money Launderer of Malawi, Zambia, South Africa and Great Britain. Rajan Mahtani must be a witch to entrance all Presidents in Africa. Muluzi, Chiluba, Kaunda, Mwanawasa and Sata. He must have some charm to fool their wives as well.

  2. ragstoriches

    Mr. Mathani seems to be the kingmaker. All dance to his tunes. The most powerful Zambian of brown heritage.

  3. Belusa

    Intelligence sources, Sata will leave for Zambia on Thursday evening.

    • wcx

      That is great NEWS man. How is he coming back?

  4. Henry.B

    @Belusa, those are on purpose divulgences to create confusion. There is nothing true about that news. There is no probability of Sata travelling on Thursday with all his family members travelling to Israel. The question we shall be asking is, who is paying for the travellers’ tickets?

  5. Empty tin

    No meat in the story. Leave philanthropist Dr. Mahtani alone. People are just jealous of Dr. Mahtani and his good work. Ask thousands of workers how grateful they are to him. Ask their families, ask the prisoners for the good work he has done for the prisons. Ask church elders for the devotion and love towards fellow congregants shown by him. The list is long. Stop being jealous and cooking up stories.

    • EZah

      @Empty tin, Mahtani a philanthropist is a Joke of the year.

  6. Francis

    What is wrong with this picture. k29500? k95,000? that is less than $100. You guys need to learn to write figures. Am assuming that you mean K2950000.00 Right?

  7. Francis

    Lol i actually meant K29,500,000.00

Comments are closed.