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.