Wednesday, December 25, 2024

SUN PHARMACEUTICAL SAGA

Share

Frank and Hirch Ltd / Sun Pharmaceuticals Ltd

Sun Pharmaceuticals began as Frank and Hirsch (Northern Rhodesia) Limited in 1963, before the new country of Zambia’s independence a year later. It was the sister company of a business in South Africa. Its then owners considered starting a production facility for writing pens, sunglasses and disposable syringes in 1974, but the Zambian government’s process of nationalisation at that time dissuaded the owners from further investment in Zambia. They exited the business, selling it to a company in which local bottle store owner and politician, Late John Kalenga, had an interest.

After the original owners of Frank and Hirsch sold the business, the new owners attempted to pursue the syringe project. However, Mr Kalenga was in a dire financial situation, having faced years of financial insolvency and bankruptcy, making it difficult to move the project forward. Around this time, the company distributed wireless Motorolla radio sets and Grundig TVs in Zambia.

On 25th February 1982, the company signed a loan agreement to borrow $670,000 from the Development Bank of Zambia (DBZ) to establish a disposable syringe factory. The terms of the foreign currency loan were favourable to the company, providing a six-year repayment horizon with a two-year grace period. However, the Company could not draw on the loan for a year as they failed to pay the commitment fee of 2% to the Bank. The first loan disbursement was made on 22nd April 1983 in the sum of UA 79,000.

It would take another six years for the company to import part of the machinery in 1988. Still, due to the company’s inability to pay the counterparty fees, the company failed to implement the project. Consequently, after the six-year delay in importing equipment, the equipment was held at the storage premises of Manica Freight for a further three years as the Company was also unable to pay the storage and demurrage charges. This, along with the company’s failure to secure premises and construct a facility for the equipment, led to the DBZ loan falling into arrears and the seizure of the company’s and the late Mr Kalenga’s assets by the Bailiffs.

At the same time, DBZ gave final notice after the Late Mr Kalenga failed to prove that the company had the funds to complete the project. DBZ was concerned that the purchased equipment was exposed to the elements in the clearing agents’ open yard. Indeed, as later testified by the Development Bank of Zambia equipment was damaged in the three years of storage in the open yard. The Bank proposed to sell the equipment to new investors.

Mr Kalenga desperately sought an investor to save his assets from DBZ and Court Bailiffs. In December 1990, Mr Vinod Sadhu, an Indian-origin businessman who had emigrated to Zambia in 1978, came to hear about the Frank and Hirsch project to manufacture disposable syringes in Zambia and the collapsed state of the business. Mr Sadhu had made his wealth by supplying special steel products, mining equipment,and tools to the mining sector. He also had engineering, project development, and manufacturing interests. John Kalenga implored Mr Sadhu to help rescue the business and stave off financial ruin. Mr Vinod Sadhu felt the project would immensely benefit Zambia and the region when the AIDS crisis was spiralling, without access to sufficient quantities of disposable syringes and the prevalence of reusable glass syringes.

In January 1991, Mr Vinod Sadhu, through his holding companies, acquired a majority stake in Frank and Hirsch Ltd and, with his able team of local and expatriate staff, immediately :

• He moved the company headquarters from Lusaka to Mpelembe House, Broadway, Ndola, the headquarters of his sister concern, Sunvest Limited.
• He lent $800,000 to repay DBZ, and DBZ was also informed of the change of shareholding.
• Paid the backlog of fees to Manica Freight and transported the crates containing part of the equipment to his warehouse at the Heavy Industrial Area, Ndola.
• Ordered balance equipment for the Project, which the previous owners had not procured.
• As part of his strategic vision, Mr Vinod Sadhu initiated the process of renaming the company to Sun Pharmaceuticals Ltd. This change was aimed at better aligning the company’s identity with its core business of manufacturing disposable syringes. It also established a clear connection with his sister company, Sunvest Limited, creating a cohesive business structure.
• He and his new management team initiated the construction of a modern pharmaceutical plant in technical collaboration with DEMAG of Germany. This move would bring international standards and expertise to the Zambian pharmaceutical industry. The plant, constructed with funds injected by Mr Sadhu, was a fully sterilised air-conditioned facility backed by additional high-load connections, deep tube wells for water, and secure first-class infrastructure. It was built on the land owned by Mr Sadhu’s sister company, Sunvest Limited, further demonstrating his commitment to the project.

Mr Sadhu’s financial involvement in the project was beginning. He injected substantial additional capital as working capital to expand the business, demonstrating his unwavering belief in the project’s potential. This capital and commitment was crucial in rescuing a completely abandoned project left in crates at Manica Freight into a viable one.

The previous owner’s failure to implement the project and subsequent change of shareholding was recorded in the Judgment of the Ndola High Court (1995/HN/307), delivered after a public trial on 7 December 2001 and the Judgment of the Supreme Court of Zambia (SCZ/8/390/2001 Appeal No. 20/2002)

Mr Kalenga desired to remain associated with the Project as a minority investor, subject to capital contributions. However, as the Project gathered pace and the Company made a call on those pledged contributions, he failed to perform, resulting in his dilution and exit from the Project. Mr Kalenga died an untimely death in September 1993 in South Africa whilst under treatment. Before passing, Mr Kalenga acknowledged that Mr Sadhu had completed the factory without his contribution and owed Mr Sadhu ZMK 391 Million. Mr Sadhu chose not to pursue the Late Mr Kalenga’s Estate for the outstanding amounts or the three plots of land that Mr Kalenga had promised to transfer to the Company.

In July 1994, Sun Pharmaceuticals began producing disposable syringes of Western-manufactured quality. The then-health minister (and later Zambian President), the Late Michael Sata, officially represented the presidential delegation in opening the plant. The project was the first of its kind in the region. It was on course to generate $29 million in the first five years of its operation, which was a valuable foreign exchange for Zambia, besides generating local employment and meeting pressing medical demands within Zambia.

In February 1995, ‘poor DBZ record keeping’ suggested that its loan to Sun was in default and attracted a penalty interest rate. DBZ used this as the basis to try to place Sun into receivership so that it could take over the plant. Sun contested the appointment of the receiver and prevailed in the Supreme Court; the Ruling became a select Judgment concerning the multiplicity of actions before the Courts (Development Bank of Zambia & KPMG Peat Marwick V Sunvest & Sun Pharmaceuticals Limited Judgment 3 of 1997) [1997] ZMSC 11 (5 March 1997). The actions were exclusively defended by Mr Vinod Sadhu and his legal team, led by the Late Hon George Kunda. The company continued to meet its commitments to supply the government hospitals, even though payments due would be delayed or not honoured at all.

Despite the legal battle brought afresh by the Development Bank of Zambia in 1995, Sun Pharmaceuticals Ltd stood its ground and defended the case to the Supreme Court of Zambia. After twelve years of protracted litigation involving a public trial in Ndola High Court, two appeals to the Supreme Court and a final determination by Lusaka High Court under the supervision of the Supreme Court, the matter was finally decided in the Company’s favour in 2007.

Upon the conclusion of the Development Bank of Zambia & Government of Zambia V Sun Pharmaceuticals Ltd litigation in 2007, Sun Pharmaceuticals instructed its lawyers, Messrs George Kunda and Company, to secure from DBZ the title deeds of Stand No 6888, Lusala, which was in the name of Euro Butchery.

This building was one of the securities that bailiffs sent by the Development Bank of Zambia seized in 1989/1990 following foreclosure proceedings against Frank and Hirsh (Zambia) when the Company was under the Chairmanship of the Late John Kalenga. Sun Pharmaceuticals lawyers, on instructions from Mr Sadhu, secured the title deeds and passed them to the Kalenga family, who acknowledged that they had no further business dealings with Sun.

In 2018, twenty-five years after Mr Kalenga’s passing, his Estate obtained, within a day of application, an ExParte Order from the Lusaka High Court to change the company’s shareholding based on their false affidavit that the Company had “never been sold” and that Mr Sadhu was a mere “employee appointed by their late father” who had “stolen the company” after their father died.

It is pertinent that the Estate has taken no action in the twenty-five years since Mr Kalenga died until this point. While no court process was served on them, Sadhu’s lawyers received a tip-off that a highly irregular action to change the Company’s shareholding was underway. The Lawyers immediately brought to the High Court’s attention that an ex-parte Order of profound consequence had been passed without hearing from the affected party. The Court agreed to set aside the ex-parte order. The matter proceeded to an inter parte hearing, during which State Counsel Mr Irene Kunda raised a preliminary issue that the case was statute-bound, as Mr Kalenga had passed on 25 years ago. During that time, the Estate had not made any claims on the Company or its owners.

The Kalengas lawyers submitted to the Court to ‘stop time from running’ based on their allegation of fraud, but the Court found no evidence of fraud and that it was not an applicable case to ‘stop time’. The Court ruled that time should start to run when the Kalenaga family formed the Estate in 1999 and could sue, rather than in 1993 when the Late Mr Kalenga passed on. Yet, even by that yardstick, the claim was not maintainable and thus was dismissed as statute-barred in August 2018, reaffirming the Court’s rejection of the Kalengas’ claims. 2018/HP/1056

The Kalengas appealed to the Court of Appeal, which rejected their arguments and upheld the High Court Order in April 2019. [ APPEAL NO. 152/2018] The Court made several findings, such as it was apparent that the Kalenga family had waited for monies to be paid to the Company in their successful legal battle with DBZ before coming forward. It was also observed that they could have applied to join the matter between Sun Pharmaceutical and DBZ if they felt they had a claim, which they never did during the litigation. The Court ruled that litigation was not the Company’s only business and that the PACRA company records are public documents anyone can inspect.

“It is apparent the [Kalengas] knew about the [Development Bank of Zambia v Sun Pharmaceuticals] litigation and waited until payment to take action….the appellants could have even applied to be a part of the case while it was in the High Court or even the Supreme Court, as the money is not for the [Sadhus] personally but for the company. The litigation was not the only business of the company, as [PACRA] returns were filed as back as 2003.”

The Kalengas applied for leave to appeal to the Supreme Court, but the Court of Appeal rejected this appeal in its second ruling in November 2019: Cause 35/2019,. However, they were still allowed to file for leave to appeal before the Supreme Court of Zambia. In February 2020, the Supreme Court rejected their final appeal and upheld the Court of Appeal Judgment in favor of the Sadhu Family as the rightful owners of Sun Pharmaceuticals Limited on 13th Feb 2020, Cause No SCA/8/34/2019.

Sun Pharmaceuticals Limited shareholders remain committed to restoring the company’s operations to normal and contributing to the Nation’s development agenda. This will involve reinvesting in new manufacturing process technology assets.

69 COMMENTS

  1. This is an interesting case. One usually reads about banks taking over defaulting companies, but here, DBZ ended up owing its client!

    14
    • This is true but Development Bank of Zambia was infamous for giving loans to VIPs and not collecting, ultimately leading to the Bank’s collapse under UPND. They had good staff but the political influence was heavy.

    • In the history of this company you see how importent African governments are in that they never facilitate citizens’ entrepreneurship. It looks like Kalenga and his likes had no statutory assistance when initiating his business idea. In the US he would have found plenty of potential stakeholders or investors in government or adhoc establishments. How can a viable company such as this keep stock idle for three years? Of course when Sadhu arrived they were ready to be devoured and should perhaps have thanked him and left to focus on other ventures. However you can see the beast in man being awakened to the fact that he could reap where he hadn’t sowed by commencing lame court cases. Lesson here is Government needs to facilitate entrepreneurship in the country. The potential is idling

      8
      1
    • @ Lazy Lungu to Half-Baked Hichilema, I agree with your concerns about the lack of facilities to support entrepreneurs. The root of the problem is the political elite, who capture the government and turn state resources into a cash cow for themselves. A case in point is Honourable John Kalega, a member of parliament from Mililungu North Western Province. Even in the 1980s, the Zambian Government tried to support Frank and Hirsh Zambia Ltd by providing a loan through the Development Bank of Zambia to establish a syringe plant. Unfortunately, the company was unable to use the facility due to financial mismanagement by its then-owners, leading to their inability to generate income for loan repayments or start the project, even nine years after signing the loan agreement.

    • @ Lazy Lungu to Half-Baked Hichilema, Why did DBZ wait eight years to engage Court Bailiffs to seize Kalengas assets in 1989? Would any ordinary, i.e. non-political borrower have had such an indulgence in defaulting loans?

      Thirty years later, in 2024, the top news is that the Development Bank of Zambia has been closed down by the UPND government due to bad debts, most of which are linked to Politically Exposed Persons. This situation is a stark reminder that we don’t seem to be learning the lesson to safeguard our State resources from the insider threat. It’s a call to action to address this issue and protect our state resources.

  2. So, this is where it all started! Most lawyers would be aware the Sunvest judgment is frequently used as a precedent when multiple cases regarding the same matter are filed in different courts, and it’s part of curriculum reading. In the recent case of the KCM liquidator, it was referenced again.

  3. This company is an excellent example of the litigation process that is too lengthy in our courts of law. The company and the Sadhus ultimately prevailed, but Justice Delayed is Justice Denied.

    17
  4. This explains why the complaint against SC Irende Kunda was made to LAZ last year. The Kalengas targeted her just because she did her job and had their bogus claims thrown out of court! The truth will always prevail. May God protect our former Second Lady from such evil schemes.

    14
    1
  5. It’s apparent that the losing side does not respect the Judgments of the Zambian Judiciary. We have heard members of the Kalenga family bemoaning the government in the media, but they never care to mention that multiple courts of competent jurisdiction dismissed their claims, and that appears as a Contempt of Court.

    18
  6. I am the son of late Honorable John Kalenga, and this story has been offered by Mr. Sadhu and his lawyers to fit an agenda of why they run away from Zambia.
    We have actual facts and documentation on what transpired with our company and we are willing for you to interview us and we will furnish you with the documentations for you to publish in your paper

    5
    26
    • It is sad to see the children prepared to drag their late father’s name through the mud to satisfy an insatiable greed. If we are to be a country of laws, judgments must be respected and the abuse of the government machinery must be opposed most vigorously.

      12
    • ***** what facts are you presenting which you failed to present in all the courts. Just take your greed and go and do something useful.

      15
    • Ati these useless boys have been telling everyone including the government that their father John Kalenga was the founder of the company! bare faced liars.

    • How about just writing your side. LT should easily buy the article. unless they are a riff raff internet publication

      3
      1
  7. If I am not mistaken the Late John Kalenga was the majority shareholder and chairman of Union Bank when he died. How is it tha Sadhu claims this man was bankrupt and broke. Second talk is cheap. Show tha paperwork to back your claims. The Police have asked for these documents from the Sadhus for years and instead they fled the country.

    4
    13
    • The UNIP Government of the day provided the necessary funds for Late John Kalenga to acquire the insolvent Bank of Credit and Commerce International (BCCI) assets, which were seized by the Bank of Zambia and later renamed Union Bank. They facilitated this by arranging the purchase of Mr. Kalenga’s house and providing the funds needed to acquire the Bank for a pittance of its actual value. The relevant parties still hold these records. However, John Kalenga’s betrayal of Dr Kaunda in the vote of 1991 was disappointing, especially considering the support he had received from the government.

      14
      1
    • @Malambo – Yes, that’s correct. The house was in Roma, Lusaka. UNIP wanted to secure the support of the Late John Kalenga, who was a Member of Parliament from North Western Province, and thought that helping him take over the bank would guarantee a quid pro quo. Mr. Kalenga received the funds, took over the assets for a minimal cost, and soon thereafter joined other shareholders in empying the coffers by lending money to themselves. He also betrayed Kaunda after taking this gift. That’s the money the children have been living for these years; squandered from ordinary depositors of Union Bank. It is time for the real history of the family to be revealed.

  8. Forum shopping, a practice resembling a thief trying to break into a house through a window after being locked out of the main door, is a matter of grave concern. The Kalenga claims are absurd and have been rightfully rejected by the courts with the contempt they deserve.

    21
  9. I am very pleased to see this news published. Mr Sadhu and his family were active members of the community in Ndola for decades. Those who lived in Ndola know of his commitment to completing the project in the most adverse circumstances and his grinding years long battle with DBZ! The kalengas are imposters trying to reap the fruit of another family’s labour – the Judiciary did its duty and upheld the law.

    20
    2
  10. An exemplary lawyer will offer clients the advice they need to hear, not just what they want to hear. Ultimately, it’s up to the client to choose whether to follow sound advice, as that decision can significantly impact the course of a case from the outset. It appears that the estate of the late Kalenga has either been receiving inadequate legal counsel or is refusing to heed the advice it’s been given. The courts do not entertain claims based on family connections or political influence; they must adhere strictly to the law.

    18
    1
    • Our lawyer gave us good advice to report the thief to the police which we did. He then ran away when he failed tp produce a single document to support his nonsense story of how he aquired the company

      13
    • @ Kalenga, birds of the same feather flock together. Unsurprisingly, your lawyer, JM Maikka, is standing trial for stealing USD 500,000 from another client. This is your modus operandi. You boys are just liars with corrupt partners.

  11. This case was a fine example of the law practice of the Late Honorable George Kunda, an outstanding and conscientious member of the legal fraternity who was twice elected President of the Law Association of Zambia and served as Minister of Justice, Attorney General, and Vice President of Zambia.

    Madame Irene Kunda later faced harassment for successfully performing her role as Legal Counsel, but she and the Firm emerged vindicated; all Glory to God :

    https://www.lusakatimes.com/2024/07/20/laz-clears-george-kundas-legal-firm-over-the-kalenga-complaint/

  12. @ Mususu Kalenga
    If you’re really Mr John Kalenga’s son then i know you…are you still with that Muzungu wife

    • If you really know him then you must have his contact details. So ask him about his wife directly not on a public forum. Whats wrong with you

      2
      5
    • @Anonymous, you’ve remained “Anonymous’ just like your insignificant life. You are a pathetic jealous troll.

  13. In the history of this company you see how impotent African governments are in that they never facilitate citizens’ entrepreneurship. It looks like Kalenga and his likes had no statutory assistance when initiating his business idea.
    In the US he would have found plenty of potential stakeholders, funders or investors in government or adhoc establishments. How can a viable company such as this keep stock idle for three years? Of course when Sadhu arrived they were belly up and ready to be devoured and should perhaps have thanked him and left to focus on other ventures.

  14. However you can see the beast in man being awakened to the fact that family members thought they could reap where they hadn’t sowed by commencing lame court cases. The Lesson here for Zambia’s Ministry of SMEs and the likes is that Government needs to immensely facilitate entrepreneurship in the country. With loadshedding making things worse, the country’s vast potential is idling without required support

    10
  15. Too much censoring ba LT Whats this rumour we have heard that you are good friends with Hamasaka?

    4
    2
  16. Has Vinod Sadhu produced any evidence to support this story. Why did he borrow millions from Union Bank if he lent Mr Klenga so much money. He really forgave a debt of ZMK 300 MILLION. Who is stupid enough to believe that?
    It is interesting to see the number of people willing to support a criminal against their own country men. Vinod Sadhu committed fraud and theft and has a case to answer in Zambia and this is a criminal not civil matter. Yet that fact seems to be ignored by so called honest citizens of Zambia. Pray that one day a dishonest theif will not steal what you leave to your children.

    4
    19
    • The Kalenga family cannot deny their involvement in the insider borrowing scandal at Union Bank, which was discovered by the Bank of Zambia. Their unacceptable actions resulted in the collapse of Union Bank, deceiving hardworking Zambian depositors and causing them to lose their savings. Instead of seeking undeserved sympathy, they must return the funds taken from depositors and then request forgiveness based on law and facts.

      10
    • The issue with politicians’ children is that they often expect special treatment and believe they are entitled to everything. Born with a silver spoon and unschooled in the real world, they turn into tantrum machines when the bubble bursts. Respect to the Sadhus for keeping themselves above this dirty game.

      15
    • @Kalenga, Stop trying to incite Zambians on racial lines like a sewer grade politician. Your family are proven liars trying to steal another man’s hard work, using the government machinery as your accomplice. How can your father leave something to you he didn’t even own? You lie so often that you can’t keep your lies straight anymore.

    • Politically Exposed Persons caused DBZ’s death. Late Kalenga was an early example; he managed to get a loan sanctioned but failed to pay the counterparty fee, service the interest, or execute the project for which he took the loan! The trouble with the sons is they expect all Zambians to join them in promoting hate so that they can chew the money they didn’t earn—naive BS.

      -1
      1
  17. @ Kaz Kalenga
    I don’t know Mususu directly…i only knew him through a friend way back at Frank & Hirsch building next to Bible House along Freedom way…there used to be a video library that he used to patronize…looks like you guys sold the building

    2
    3
    • You are a creep!! Mususu be careful
      It seems you have a stalker following watching in the dark alleys. Get yourself a life creep

      3
      7
  18. I remember in the early 90’s when this factory was flagged off.
    Mr John Kalenga was a great man who help a lot of us in the Indian Community and as go Vinod he failed to run the factory and the bank was as going to grab the property. Vinod first worked at Tata after being dismissed he than went on to borrow money for the Japanese to do Steele he also defaulted them until John through Nizam have Vinod a life line. VS give your friends children back what belongs to them.

    4
    14
    • He must have truly loved you, “Jahesh Pael”! Imagine being unable to stop the Bank from seizing his company and assets, but still, he chose to give you charity. Next time you need help, visit Nkwazi Stationers on Cairo Road. My son-in-law, Moomba Maimbo, will surely help you on behalf of the Kalengas.

      10
      4
    • @ Patel, your gibberish post is a mini caricature of all the Kalengas have been doing: defaming the Sadhus with vicious lies in the hope of forcing them to pay up to stop the harassment. It is a testament to Zambia that many Zambians have refused to partake in this extortion and continue to uphold the rule of law.

  19. It sounds like the father of mususu bobo kalenga was known for what many of his children are known – debts, many debts. They are owing so many people there is a line and kalengas keep telling everyone the same thing, ‘we won a lottery and we will get that Indians money soon’. Lazy and greedy. Period.

    14
    4
  20. Shula J this is so un African to insult the dead, you can tell this was written by a mwenye.
    Go to Indian and try and steal like this you will be put in the buttocks of an elephant now you will actually be a Shula

    4
    15
    • The Kalenga family’s attempts to rewrite history are tarnishing their late father’s name. In light of these scandalous attacks, the company and its owners must defend themselves. If more sordid details of their late father come to light, they will only have themselves to blame.

      12
    • @ fake patriots – know the facts – comission was closed and Late Honorable George Kunda cleared. Daily Mail and Times of Zambia paid legal damages to the Firm. Only hopeless hacks spend their time digging up dead horses to flog! Praise be to GOD – May the Truth Always Shall Triumph Over Evil.

    • @ proxy for evil – know the facts – comission was closed and Late Honorable George Kunda cleared. Daily Mail and Times of Zambia paid legal damages to the Firm. Only hopeless hacks spend their time digging up dead horses to flog! Praise be to GOD. The Truth Shall Always Triumph Over Evil.

  21. The quotes from the court judgments are crucial and tell a different story from what we have been hearing pumped out by interested parties. I have also read the Ruling of the Law Association of Zambia dismissing the complaint against Mrs Irene Kunda widely reported in the Press. It is telling that the lawyers stated that they have only ever taken instructions from Mr Sadhu from the case’s inception in 1995. LAZ found that the complainants failed to show any proof of their alleged directorship for the said company. If they had what they alleged, why didn’t they produce it? It smells of greed, which the Judges have also observed in their ruling.

  22. Only a fool will believe Mr Kalenga was bankrupt and only a fool will believe this story which has taken years to be published. This is a made up story by an Indian criminal who has run away without proving himself because he fears Zambian jails. Zambians must not be jealous and just pay what is owed to the Kalenga Family

    2
    12
    • @ Chanda: The power of truth is timeless while hyping jingoistic nationalism to blind people to the facts is like a drug that eventually wears off.

      8
      1
    • @ Chanda, the Court Judgments clearly show that the Kalengas are owed nothing. Demanding a single ngewe from Sun Pharma is plain and simple extortion. As for going to jail, that is true for those using mafia-like tactics of extortion in cahoots with corrupt government officials.

  23. @Sam
    This is how the Kalengas have been surviving….using their father’s name…and they squandered whatever wealth was left by their Father

    15
    2
    • Who is/ was your father and what is his claim to fame, if anything? The tone of your comment(s) comes off as one of peasant ancestry. Poverty ridden bloodline. Doomed from birth.

      2
      9
    • “Poverty ridden bloodline” The only rich man who takes pleasure in loathing the poor is the slavemaster. I thought those were extinct but clearly their spirit lives- among the aspirant despotic Third World riff raffs

  24. @John Blaze
    Kikikikiki chakubaba ka….the truth hurts….no more corruption now you have to work your ass off….not my father this….my father that…build your own wealth iwe pompwe…stop crying about inheritance

    14
  25. The case of Sun Pharmaceutical. So please tell us why the company closed down? Or is it producing pharmaceutical products?

    Mr Sadhu it seems I failed to run the business because I have just read the High Court Judgement by Judge Banda it shows that u failed to keep up with payments on the loan and the case was won from an over payment which began in 1989 so if you took over the company and paid all these monies on behalf or to Mr Kalenga why did u fail to pay up payments the Bank.

    I smell a rat!!!

    • @ Kelvin—suushhhh, keep your voice down! I’m saving that awesome idea up my sleeve for my next ex parte order! And only my mate Marshal and I know about it. It’ll be done and dusted, cash transferred to my accounts, before the company has a clue what’s happening! We’ll cut you in on the heist… if you promise to keep it a secret..

    • @Keith – what??? You haven’t given my share even after I wrote the secret letter removing the freeze on the funds at Justice, just for you! It’s not my fault the Judge put a stop to it! Pay my share before you promise anyone else a cut Keith!

  26. Woow! I think this is putting a last nail on the coffin of lies. the Kalenga’s should just find other things to do.The observation from the courts were on point, indeed if they had a claim they could have applied to join. The courts were very right to say they developed their Interest upon learning that the company has won the case. money,money,money everyone ‘s dream!

    3
    1
  27. Yebo! Lusaka Times has hit a raw nerve. A chronological history of facts recorded in the courts has emerged, and the truth hurts 🙂

  28. I’ve been following this case in the media from the initial report in makanday alleging state house involvement with the sadhus, to the LAZ ruling dismissing the complaint against George Kunda and company and Lewis Mosho’s attempts to take over the company. The Kalengas and Chifire have been making sensational claims but their story keeps changing, casting doubt on their credibility. Chifire has a history of distorting court judgments and making questionable claims. The UN report on egregious human rights abuses by the police aligns with the events involving the Sadhus abduction. It’s all quite troubling, and I wonder who the mastermind behind it all is!

  29. Quite interesting. One of the lessons from covid is that medical pharma supplies are strategic. GRZ should invest in the company and become a minority shareholding, like in ZCCM IH.

  30. Back in the day, Ndola and Copperbelt were thriving … then we had IMF and WOLRD BANK impose their liberalisation programe in the 1990s which killed our industrial base …today, the Government is following an IMF programme again, which will backfire also.. sadly our leaders never learn from history!

Comments are closed.

Read more

Local News

Discover more from Lusaka Times-Zambia's Leading Online News Site - LusakaTimes.com

Subscribe now to keep reading and get access to the full archive.

Continue reading