A businessman of Lusaka has been arrested for fraudulently withdrawing over K3million belonging to members of staff from a named Ministry.
Shadreck Matabishi, 45 of Plot 55504 in Chalala off Shantumbu Road was arrested for theft and money laundering.
In a media statement issued to Mwebantu, Drug Enforcement Commission (DEC) assistant public relations officerJulie Mukumwa, said Mr Matabishi was arrested for theft of K3,533,770.51 from a named Ministry.
She alleged that Mr Matabishi fraudulently withdrew money over the counter on names of other people as beneficiaries and mostly members of staff from the named Ministry without the knowledge of the beneficiaries.
Ms Mukumwa said the suspect has been charged with theft and money laundering.
Meanwhile, in a separate incident a suspect identified as Moses Chali Lukumba, 20 of Chirundu Town has been arrested for engaging in buying and selling of foreign currency without a Bank of Zambia Licence.
She said Lukumba has also been arrested for being in possession of property namely ZMW1,950 and USD560, suspected to be proceeds of crime and for engaging in money laundering activities by way of engaging directly or indirectly into a business transaction using the proceeds of crime.
“The suspect has be charged for engaging in buying and selling of foreign currency without a Bank of Zambia Licence contrary to Section 6 (2) of the Banking and Finance Services Act No.2017 as read together with the regulation 8 of the Banking and Financial Service regulation 2003 of the Laws of Zambia, possession of property suspected to be proceeds of crime contrary to Section 71 of the Forfeiture of Proceeds of Crime Act 19 of 2010 of the Laws of Zambia and money laundering contrary to Section 7 of Act 14 of 2001 as read with Act No.44 of 2010 the Prohibitions and Prevention of Money Laundering Act,” he said.
Ms Mukumwa said the suspects have been released on police bond and will appear in court soon.
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