Zambia News

Lungu pleads not guilty to theft and money laundering involving K4.4 million.

KCM Provisional Liquidator Milingo Lungu has pleaded not guilty of theft and money laundering involving K4.4 million.

Lungu, 43, a legal practitioner, appeared before Lusaka magistrate Felix Kaoma and denied commiting the two offences. Trial has been set for November 29, 30 and December 1.

In count one, it is alleged that Lungu between May 22, 2019 and September 28, 2021 being a provisional liquidator stole K4.4 million, the property of Konkola Copper Mines PlC.

In count two, allegations are that Lungu during the same period transfered K4.4 million knowing or having reasons to be believe the same to be proceeds of crime.
Lungu first appeared in the Lusaka Magistrates’ Court on October 13 but chief resident magistrate Dominic Makalicha told him that his docket had not yet been forwarded to the court.

And when he appeared on October 19 before magistrate Makalicha, he allocated the case to Magistrate Felix Kaoma who was not around for the accused to take plea.

However, when the case was called before magistrate Kaoma today, the magistrate explained the charges to Lungu who is represented by Sakwiba Sikota, Moses Chitambala, Makebi Zulu and Jonas Zimba.
And Lungu said he understood the charges but pleaded not guilty.

The prosecution team comprises Gamaliel Zimba who is the deputy chief state advocate under the taxation and financial crimes department, principal state advocate Gracilia Mulenga, Margaret Simuchimba senior state advocate and state advocate Sipholiano Phiri.

The Drug Enforcement Commission (DEC) arrested Lungu on September 29 and charged him with obtaining false pretenses amounting to US$2.200,000.00.

He was also charged with money laundering and theft of K110.4 million and Us$250,000.00. When arraigned in court, the money he is alleged to have stolen has reduced to K4.4 million.

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