Swiss businessman to sue Zambia for US$100m over gold scam

Posted: October 26, 2011 in News
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Africa's largest copper producer, Zambia threatened with a US$100 million legal suit by Buzaianu. PHOTO: infoplease.com

Hong Kong, Oct. 26 – Swiss businessman and ex-Zambia’s envoy to UNESCO in Geneva, Nicola Bogdan Buzaianu, has threatened to sue the Zambia’s government and the country’s media over his alleged involvement in a gold scam.

Buzaianu is also demanding US$100 million from the Zambian Government for allegedly defamatory remarks made by President Michael Sata against him.

Buzaianu’s legal representative in Zambia, Sakwiba Sikota said in Lusaka, “his client was offended by the remarks made by President Sata and the reports carried by all the media in Zambia.”

In 2007, Zambia’s Drug Enforcement Commission (DEC)seized 119 kilograms of gold worth over US$7 million at the Lusaka’s Kenneth Kaunda International Airport from Zimbabweans who tried to evade sanctions against Zimbabwe and tried re-export the gold through Zambia.

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