After months of denials and sidestepping on accusations of his conduct during the 1990s privatisation process, newly released documentation shows that presidential contender Hakainde Hichilema illegally benefited from his position by acquiring shares in Sun International Ltd. months before the company was awarded the tender, and failed to declare interest in a number of companies he owns along with key officials involved in the privatisation process.
In the attached matrix (download here), which includes official copies of documentation from the Patents and Companies Registration Agency (PACRA) as well as Zambia Privatisation Agency (ZPA), the evidence reveals that Mr. Hichilema in his role as Negotiating Chairman for the sale of the Intercontinental Hotel Livingstone and the Rainbow Lodge selected the lowest bid by Sun International Ltd. in exchange for acquiring a massive amount of shares in the company through his proxy, Chief Mukuni.
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