Post Liquidator ‘Caveats’ M’membe’s Village Property

Provisional liquidator of the Post Newspapers Limited In liquidation, Lewis Mosho has asked Police to protect and investigate property suspected to have been allegedly acquired from proceeds of crime.The identified property located in Mwika Village of Sub-Chief Mwabawankulungwe in Senior Chief Nkula – Shiwang’andu District belongs to Fred M’membe. Police have since sealed off the property.Muchinga Province Police Commissioner Joe Njase has confirmed the development to ZANIS in Chinsali today saying Mr. Mosho made the request in a letter dated June 19, 2019.Mr. Njase said this is part of asset recoveries arising from the complaint raised by former workers in respect to the liquidation of the company.He said it is their mandate as Zambia Police under Article 193 sub-Article 2 to protect life and property, among other functions.Mr. Njase said the request by the provisional liquidator is in line with Police mandate and that as Police they are mindful that this is an allegation hence need to also respect the suspect Dr. Fred M’membe.He reiterated that police will remain professional and hope that both the liquidator and Dr M’membe will cooperate with the investigations team by availing all necessary documents to prove otherwise.In a consent judgement delivered on January 10, 2018, High Court Judge Sunday Nkonde declared The Post Newspaper Limited in liquidation insolvent and wound up.The court also confirmed Mr. Mosho as the provisional liquidator.And on December 20, 2018, Mr. Mosho placed a Caveat over the piece of land allocated to Dr. M’membe in Mwika village.The Caveat was placed following a judgement delivered On December 11, 2018 by the Constitutional Court that awarded costs to The Post Newspapers in liquidation against Dr. M’membe. Post Views: 13
News Source: ZNBC