Over US$631,000 was allegedly transferred from KERZON to GERMINS Motors Limited, a business allegedly connected to Patriotic Front-Deputy Chairperson for Mobilization GEOFFREY MWAMBA, according to evidence presented to the Economic & Financial Crimes Court.
This relates to a case in which Mr. MWAMBA is accused of 24 counts of having property that is thought to be the proceeds of crime.
In her testimony, 42-year-old Investrust Bank Treasury Dealer TISHA MWIMA stated that the transaction took place on October 30, 2020.
However, Ms. MWIMA was unable to confirm if Mr. MWAMBA had directly benefited from the deal.
The trial has been continued and is now set for October 26, 2022.
Mr. MWAMBA has supposedly been going through a trial for a long time without seeing his doctors, thus the defense attorneys asked for plenty of time for him to get medical care.
SANFORD NGOBOLA, a magistrate in LUSAKA, is in charge of the case.