The Company falls under the jurisdiction of the Ministry of Transport, Works, Supply and Communications pursuant to Gazette Notice No.
[4] In 2010, the Zambian government, under the Movement for Multi-Party Democracy (MMD) President, Rupiah Banda, sold 75% of the Zamtel to the Libyan company LAP Green Networks.
The inquiry produced a report that showed irregularities in the manner in which Zamtel was sold, alleging that LAP Green and RP Capitals, which was appointed as financial advisor, bribed senior Zambian government officials; an allegation that both LAP Green and RP Capitals denied.
[6] As a result of the findings, President Michael Sata ordered a reversal of the $257 million deal and the government of Zambia seized control of Zamtel.
The Zambian government agreed that it would compensate LAP Green for its investments, but it would not let ownership of the company be transferred back to the Libyan operator.