” The current estimated market value of these properties is K40m and the judgment of the Supreme Court is that these properties and the money have been forfeited to the State,” he said. Chiluba did not make any claim for the property when the investigations were proceeding and at the time the gazette notice was issued.
The rentals accrued so far amount to over K14 million of which over K4million in the Kwacha Account while over $1.2 million in the Dollar Account. Moono said the properties in question have been on rent to various tenants from the time the Commission seized them and the rentals have been kept by the Commission pending the outcome of the Supreme Court proceedings. The properties are valued at over K40 million.ĪCC Public Relations Manager (PRM) Timothy Moono confirmed in a statement to ZANIS today. The Anti-Corruption Commission (ACC) has forfeited properties of late second Republican President Dr.