KASILI EXPOSED

Fri, 22 Dec 2017 12:53:59 +0000

…Italian businessman accused of attaining  majority shares in City of Lusaka FC dubiously

By MICHAEL MIYOBA

‘CONDEMNED’ City of Lusaka general secretary Christopher Chilongo says Forli Limited owner Diego Casilli is not the major shareholder of City of Lusaka FC and that he used dubious means to acquire 58 percent shareholding in ‘’Yamoto’.  

But City of Lusaka Board chairperson Christine Mulundika said that Casilli acquired the 58 percent shares in a transparent manner.

Speaking in an interview with Daily Nation Sports in Lusaka Mulundika called Chilongo to end the war of words and focus on rebuilding the club that has been relegated from the FAZ super league.

Speaking in an interview with Daily Nation Sports in Lusaka, Chilongo said that the acquisition of the 58 percent shares by Casilli was based on a fictitious debt of US$562 500 imposed on City of Lusaka by Cavmont FMO Capital Corporation Ltd.

Chilongo disclosed that Cavmont FMO Capital Corporation Ltd owned by Tom Ryan converted the debt into shares and sold them to Forli Limited owner Diego Casilli.

“An agreement between Cavmont -FMO Capital Corporation Ltd owned by Tom Ryan and Forli Ltd owned by Diego Casilli was based on a fictitious debt of US$562 500 lumped on the City of Lusaka Club,

“There are no records to indicate that the City of Lusaka FC acquired that debt of US$562 500 but in the said Sale of Debt by Cavmont FMO Capital Corporation Ltd converted into shares and leading to Forli Ltd being majority shareholder with the Club being minority with 42% was based on a false acknowledgement of the debt by a named and self-imposed Trustee of the Club who signed and acknowledged the fictitious debt,”  said Chilongo

He said that inquiries with the genuine trustees of the club have revealed that there were no records to indicate that City acquired the US$562 500 debt.

“Investigation carried out by the executive committee by interviewing all the genuine trustees of the club namely such as Judge Nkonde, Mr Yuyi Lishomwa, Mr Abel Mkandawire, Mr Essau Nebwe and the genuine company secretary of City of Lusaka FC 2000 PLc State Counsel Chifumu Banda reveal that they are not aware of the US$562, 500 owed by the Club,

 “They are all willing to be witnesses and swear on oath that they were never aware of the debt and have wondered which so called Trustee signed the acknowledgement which is material consideration in the Sale and Purchase of Shares by Forli Ltd from Cavmont FMO Capital Corporation Ltd,”he said

“No dubious means were used in the acquisition of the shares by Casilli. He acquired them genuinely from Ryan and now he is the major shareholder with 58 percent while the other 42 percent belongs to the community through the board of trustees,” Mulundika said.