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HomeCompaniesIs K900k fine slapped on Neelkanth for “stealing copper cables” worth over K3m justifiable?

Is K900k fine slapped on Neelkanth for “stealing copper cables” worth over K3m justifiable?

Neelkanth Cables, a company based outside Ndola, in Masaiti to be specific was recently embroiled in a scandal involving theft of copper cable belonging to ZESCO, a state owned power utility company.Neelkanth Cables Managing Director Anand Wadhwan and Operations Manager Raphael Mundeya where jointly arrested, Charged and consequently fined K900, 000 (K900k) for being found in possession of ZESCO copper cables worth over K3 Million.ZESCO Spokesperson Matongo Maumbi confirmed the Zambian Business Times (ZBT) that “the case against Neelkanth Cables Limited was prosecuted and concluded by the Ndola Magistrates Court, in October 2024. Maumbi further confirmed that Neelkanth Cables was...

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