Thursday, May 24, 2012

Ex-Zambian Minister Buries $420 million on His Farm

A court in Zambia convicted a former minister for illegally siphoning off 2.1 billion kwacha (420 million dollars) and burying the cash on his farm, state radio reported on Thursday. Former labour minister Austin Liato was arrested in December last year after the discovery of two buried trunks filled with money under a layer of concrete.
Magistra Aridah Chulu sentenced Liato to two years imprisonment with hard labour. This is the first high-profile graft conviction under President Michael Sata, who was elected in September with pledges to crack down on corruption in Africa’s top copper producer.
His government is probing several deals approved by the government of his predecessor, President Rupiah Banda. 
$420 million buried underground????????? African leaders and greed!!!!!

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