Probe Intercontinental sale separately, State urged.
MORE stakeholders have demanded that a commission of inquiry into the privatization of state owned enterprises should have a special focus on ‘dubious’ sale of Intercontinental Hotel in Livingstone.
A consortium of political parties and a PF official, Lemmy Bwalya said in separate interviews that answes must be provided why a hotel worth US$ 26 million was sold for US$ 6 million.
Consortium spokesperson, Spuki Mulemwa, said there were many issues that did not make sense over the sale of Intercontinental Hotel.
Mr Mulemwa said Zambians needed to understand how individuals who were charged with the mandate to sell the hotel ended up being shareholders in the same property without declaring interest.
He said it must be ascertained whether there were any illegalities in the sale of Intercontinental Hotel so that people found wanting could face the law.
Mr Mulemwa said there was need for citizens to take back what might have been stolen from them during the sale of the hotel.
“All Zambians want to know why their hotel was sold at US$ 6 million if it is worth US$ 26 million. The difference is just too big,” he said.
And Mr Bwalya said special focus must be given to the sale of Intercontinental Hotel in Livingstone because the country might have been defrauded of colossal sums of money in the transaction.
He said Zambians should get back their money if it was proven that a lot of money was ‘dubiously’ earned from the process.
Mr Bwalya said in as much as the probe would look at the privatization in its entirety, the sale of Intercontinetal Hotel in Livingstone should be done separately.