Asset stripping, fraud beset Kabwe’s KIFCO’
Published On March 11, 2022 » 1021 Views» By Times Reporter » Latest News
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By MUNAMBEZA MUWANEI –
INFORMATION of suspected asset stripping, undervaluation and fraud in the liquidation of the Kabwe Industrial Fabrics Company Limited (KIFCO) in Kabwe have emerged.
While the government has assured that the assets which were allegedly stripped off will be repossessed, a former chief executive of the company says the company was highly undervalued during its liquidation.

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