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THE Pensions and Insurance Authority (PIA) has failed to exculpate itself on allegations that it did not submit a report on the Saturnia Trust Fund to the Ministry of Finance as required by the law.

PIA registrar Martin Libinga when contacted declined to comment and said that a press statement would instead be issued but did not specify when.

When pressurised further the PIA registrar stood his ground saying he would not confirm whether or not the report had been handed over to the Ministry of Finance.

PIA board chairman Petronella Mwangala also referred the reporter back to Mr Libinga who vowed that he would not comment on the matter.

Recently, the PIA told the Daily Nation that a report on the Saturnia Trust Fund had been delivered to the Ministry of Finance.

Various political leaders have been riled and have demanded for the probe of (PIA) to find out why a damning audit report of the Saturnia Trust Fund has not been availed to government when the institution has insisted that it handed over.

At the height of exposed alleged financial irregularities bordering on externalisation of funds to offshore accounts without authorisation, then Finance Minister Felix Mutati, in May 2017, ordered the PIA to appoint an independent auditor to conduct a forensic audit of Saturnia within 30 days.

Mystery now surrounds the whereabouts of the audit report as the Ministry of Finance insists it had not received it despite PIA saying it was handed to Government over a month ago, raising more questions from stakeholders as to who is telling the truth.

Speaking to the Daily Nation yesterday, ZRP president Wright Musoma and UPND president Hakainde Hichilema’s former spokesperson, Edward Mumbi, challenged government and the PIA to come out clean over the matter saying the on-going fanfare was ridiculous.

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