Businessman arrested for theft of over K500.000

 Businessman arrested for theft of over K500.000

By ALICE NACHILEMBE
The Drug Enforcement Commission (DEC) through its Anti-Money Laundering Investigations Unit has arrested a Businessman for theft and money laundering activities involving over K500, 000. 00.

Clement Kasonde 51, of Kasuba Road in New Chilenje has been arrested for theft of K537,628.50 which was credited into his bank account from a named Government Ministry.

DEC Assistant Public Relations Officer Julie Mukumwa said the suspect withdrew the said funds and is believed to have purchased various items which include a Nissan Almera and other items which have since been seized by the Commission.

Ms Mukumwa said the suspect has been charged for theft contrary to section 278 of the Penal Code Act, Chapter 87 of the Laws of Zambia, and money laundering contrary to section 7 of the Prohibition and Prevention of Money Laundering Act No. 14 of 2001 as read with the Amendment Act No. 44 of 2010.

The funds are believed to have erroneously been deposited into his account but he went ahead to withdraw and use it.

In a separate incident, the Commission in Lusaka has arrested and jointly charged James Banda 38, of Mandevu Compound and Adam Yusuf (Also known as Rodgers Shakalima) 35, of Emmasdale Site and Service for trafficking in 2.1 Kilograms of compressed cannabis.

She said the two were arrested at the premises of a named Transportation Company while trying to receive their parcel that was on a bus coming from South Africa.

Meanwhile the Commission in Central Province has arrested Simon Chambo 41, of Chambo Village in Munkachi area of Kabwe for trafficking in 23.5 Kilograms of Loose cannabis.

In Southern Province, the Commission has arrested Clayford Sindakubona 34, of Sejumba Village in Zimba District for trafficking in 11 Kilograms of loose cannabis.

The suspects are currently in police custody and will appear in court.

The Independent Observer

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