ZCCM Investments Holdings intends to Appeal Against the Ruling of the High Court in the matter of ZCCM Investments Holdings vs First Quantum Minerals, FQM Finance Limited, Philip Pascall, Arthur Mathias Pascall, Clive Newall, Martin Rowley and Kansanshi Mining.
The Ruling of the Lusaka High Court was delivered on 23 March 2020 regarding a matter.
ZCCM Investments Public Relations Manager Loisa Mbatha-Kakoma said that this is in the matter ZCCM-IH alleges, among others, that the defendants on several occasions fraudulently engaged in transactions totaling in excess of $2 billion for the benefit of the FQM Group.
He said ZCCM-IH holds the view that the defendants’ conduct is detrimental to ZCCM-IH’s interests and
those of the Nation, and remains committed to protecting the said interests.
Therefore, ZCCM-IH will be appealing against the Ruling.
