Comments on: Vedanta Advocates for Forfeited $24 Million to Be Reinvested in KCM https://www.lusakatimes.com/2024/05/14/vedanta-advocates-for-forfeited-24-million-to-be-reinvested-in-kcm/ Keeping you Informed Wed, 15 May 2024 02:15:39 +0000 hourly 1 https://wordpress.org/?v=6.5.5 By: Swahili for the unity of Africa https://www.lusakatimes.com/2024/05/14/vedanta-advocates-for-forfeited-24-million-to-be-reinvested-in-kcm/#comment-3539472 Wed, 15 May 2024 02:15:39 +0000 https://www.lusakatimes.com/?p=449452#comment-3539472 The problem was created by late LPM who despite all hue and cry from miners and Zambians in general opposed the sale to vendata went ahead & gave KCM to these the blood sucking vendanta. 2nd catastrophe was ECL forced liquidation without going to arbitration as per sale agreement. At the time KCM was heading towards a voluntary or a court enforced liquidation. Debts owed to CEC were enough to send vendanta in a court enforced liquidation. This should have given us a free hand to sell to better investors. The real reason for the forced liquidation was to loot & not to save KCM as evidenced by the 24m usd theft.This is textbook case of how lawyers and politicians have messed this country called zambia

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]]> By: Lazy Reporters https://www.lusakatimes.com/2024/05/14/vedanta-advocates-for-forfeited-24-million-to-be-reinvested-in-kcm/#comment-3539456 Tue, 14 May 2024 19:18:39 +0000 https://www.lusakatimes.com/?p=449452#comment-3539456 “….Vedanta Resources is pushing for the $24 million recently forfeited to the state by the Zambian Court….”
What are you saying ba court reporter?

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]]> By: Black Muntu https://www.lusakatimes.com/2024/05/14/vedanta-advocates-for-forfeited-24-million-to-be-reinvested-in-kcm/#comment-3539455 Tue, 14 May 2024 19:16:38 +0000 https://www.lusakatimes.com/?p=449452#comment-3539455 In reply to Deja Vu.

Yet Cabbage was such a great lawyer

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]]> By: Black Muntu https://www.lusakatimes.com/2024/05/14/vedanta-advocates-for-forfeited-24-million-to-be-reinvested-in-kcm/#comment-3539454 Tue, 14 May 2024 19:15:32 +0000 https://www.lusakatimes.com/?p=449452#comment-3539454 In reply to Ayatollah.

Dont be so racist

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]]> By: Chipantepante https://www.lusakatimes.com/2024/05/14/vedanta-advocates-for-forfeited-24-million-to-be-reinvested-in-kcm/#comment-3539453 Tue, 14 May 2024 19:14:13 +0000 https://www.lusakatimes.com/?p=449452#comment-3539453 In reply to Lameck Banda.

That money is for Zambians not for Fyetanta or whatever!

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]]> By: Brayschopet https://www.lusakatimes.com/2024/05/14/vedanta-advocates-for-forfeited-24-million-to-be-reinvested-in-kcm/#comment-3539449 Tue, 14 May 2024 18:45:28 +0000 https://www.lusakatimes.com/?p=449452#comment-3539449 In reply to St. Desperacius.

Not leaked! Publicly boasting about getting kcm for 12 million from Mwanawasa! However nobody in Zambia even noticed until many years later. That’s how we are I guess, inviting the same burglars for a good party because we have forgotten them

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]]> By: Brayschopet https://www.lusakatimes.com/2024/05/14/vedanta-advocates-for-forfeited-24-million-to-be-reinvested-in-kcm/#comment-3539448 Tue, 14 May 2024 18:41:15 +0000 https://www.lusakatimes.com/?p=449452#comment-3539448 People will be stupid until they stop being stupid. In the meantime Vedanta and others like that will just use this phenomenon to enable themselves to quickly as fast as possible chew and chew and chew

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]]> By: St. Desperacius https://www.lusakatimes.com/2024/05/14/vedanta-advocates-for-forfeited-24-million-to-be-reinvested-in-kcm/#comment-3539430 Tue, 14 May 2024 13:27:18 +0000 https://www.lusakatimes.com/?p=449452#comment-3539430 It is a little odd this. And this is an “I-Told-You-So” moment. Vedanta have this Indian arrogance and approach to everything. Shrouded in racism that goes to the core of the first leaked audio where he eviscerated the then Head of State, Levy Patrick Mwanawasa. Many would have thought Vedanta would now take a sheepish attitude. But it is clear, companies like Vedanta see that they can play through the loopholes of democracy and still get their way, and why not, it has proven to work for them. I would simply ask HH to show his hand and suspend any agreement they had. This is ridiculous.

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]]> By: Gamariel https://www.lusakatimes.com/2024/05/14/vedanta-advocates-for-forfeited-24-million-to-be-reinvested-in-kcm/#comment-3539428 Tue, 14 May 2024 12:50:13 +0000 https://www.lusakatimes.com/?p=449452#comment-3539428 These chaps are a bunch of jokers. They bought the mine for a song, amassed incredible profits which the toasted to at a lavish gala dinner boasting how they wripped where they sowed very little. And now they should even stake claim to money they didnt even budget for. What a nonsense! We should just repossess the mine 100% and kick them out of the country.

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]]> By: Dontcare https://www.lusakatimes.com/2024/05/14/vedanta-advocates-for-forfeited-24-million-to-be-reinvested-in-kcm/#comment-3539421 Tue, 14 May 2024 11:50:55 +0000 https://www.lusakatimes.com/?p=449452#comment-3539421 Garu Ndine

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