Lusaka businessman arrested for money laundering

 Lusaka businessman arrested for money  laundering

A Lusaka businessman has been arrested after he stole more than K2 million from the bank after he purported to be another person.

Shadreck Zulu, 37 of SOS area in Lusaka was arrested through the Drug Enforcement Commission (DEC) Anti Money Laundering Investigations Unit (AMLIU) for money laundering activities involving K2, 104, 120. Which he obtained after forging a National Registration Card (NRC)

DEC Public Relations Officer Mathias Kamanga said Zulu, was involved in Forgery, Possession of property reasonably suspected of being proceeds of crime and Theft.

“Details of the matter are that Zulu jointly and whilst acting together with other persons unknown on dates unknown, but between January 1st 2022 and August 15th 2022, was found in possession of money amounting to K2, 104, 120.21 suspected to be proceeds of crime. The suspect is alleged to have forged an NRC purporting to be Julius Zabow and used it to fraudulently open a bank account with a named bank,” he said.

He said using the said account; Zulu received the said money which is believed to have been stolen from the bank.

Mr Kamanga added that the suspect is on Police bond and will appear in court soon.

Lusaka businessman arrested for money  laundering