LAP GreenN describe allegations of money laundering by Zamtel as utterly false.

By John Chola - January 21/01/2012 LAP GreenN, the Libyan Telecoms company that bought 75 percent shares in Zamtel has described allegations of money laundering by Zamtel as utterly false. Meanwhile, LAP GreenN say Zamtel has confirmed that the Zambian authorities have seized bank accounts belonging to the company. "This is in connection with allegations of money laundering, which are utterly false. Zamtel has initiated proceedings against the measures. For the record, the authorities have no reasonable grounds whatsoever to believe that the moneys in the seized accounts and any other Zamtel accounts are from the proceeds of criminal activity. Zamtel’s accounts only contain moneys directly related to its activities as a communications service provider," states a statement issued by Alex Margot-Duclot of Portland Communications on behalf of LAP GreenN. He adds that aside from anything else, the Zambian Government remains a shareholder in Zamtel and as such has representation on the Board of Directors who have access to and knowledge of the accounts. LAP GreenN claims that Zamtel’s accounts are audited every quarter and the Government is aware and knows the result of these audit reports, which make very clear that there is and has been absolutely no wrongdoing.Zamtel is currently engaging the relevant authorities in an effort to have its accounts unblocked. "We are also currently working on avenues for the amicable resolution of matters. Services to Zamtel’s clients are not affected,” LAP GreenN assured.Ends....