Katele, others granted K500m bail
|Former finance minister Katele Kalumba, former finance permanent
secretary Stella Chibanda & defunct Access Financial Services director
Faustin Kabwe being led to a police van after they were jailed, 26.05.2010 —
Former Finance Minister Katele
Kalumba and three others have been granted a K500 million bail in their own
recognisance while pending appeal in the High Court.
High Court deputy
director of court operations, Edward Musona, sitting as magistrate granted
Katele and former Ministry of Finance permanent secretary Stella Chibanda,
Access Financial Service (AFS) directors Faustin Kabwe and Aaron Chungu the bail
when the matter came for bail hearing in chambers yesterday.
Chibanda, Kabwe and Chungu were on Wednesday each convicted and
sentenced to five years imprisonment on various corrupt
Chibanda's lawyer, Nicholas Chanda told journalists that Mr
Musona said the convicts should produce two working sureties each and placed
K500 million in the sureties' own recognisance.
Mr Chanda said the
magistrate also ordered the quartet to surrender their passports to the senior
clerk of courts.
This was in a case in which Kalumba was jointly charged
with Chibanda, former director of budget Boniface Nonde and former chief
economist, Bede Mpande.
Others were former secretary to the treasury,
Benjamin Mweene and AFS directors, Chungu and Kabwe.
The seven were
facing 21 counts of theft by public servant contrary to section 29 (1) of the Anti-Corruption
Commission (ACC) Act as read with section 41 of Act number 42 0f
In the same case Mr Musona sentenced Mpande, Nonde and Mweene to
five years imprisonment each but suspended for 24 months.