Categories: Editor's Picks

DEC arrests 6 people for money laundering activities involving over K14.3 million

Drug Enforcement Commission (DEC)’s Anti Money Laundering Investigations Unit in Lusaka has arrested three Zambians and three Ugandan nationals for money laundering activities involving over K14.3 million.
Confirming the development to Money FM News, Commission Public Relations Officer Theresa Katongo identified the 6 suspects as Patrick Kafula, aged 38, Makhosana Ndolo 44, Austin Daka, 30, Vincent Ssempijja, 29, Rashid kyangulanyi, 28, and Sylvester Apuli, 43.
Ms. Katonog said particulars of the offence are that between 1st January, 2020 and 4th July, 2020, the suspects unlawfully possessed two key USB loggers, 1 USB flash disk, and 1 laptop containing software primarily designed to overcome security measures for the protection of data found on the core banking system.
“These devices enabled the accused persons to access the core banking system of a named bank enabling them to transfer K14, 378,000.00 from eight corporate accounts of the same bank and credited 79 beneficiary accounts also held at the same bank,” Ms. Katongo stated.
Ms. Katongo added that the suspects who are pending court appearance have since been charged for unlawful possession of devices primarily designed to overcome security measures for protection of critical data, unauthorized access to data, theft and money laundering.
Meanwhile, Ms. Katongo disclosed that the Commission conducted a special operation in Sesheke, North-Western Province on the 10th of this month in which 7 people were arrested for unlawful cultivation of fresh cannabis weighing 1.88 tones and trafficking in 46.5 kilograms of loose cannabis contrary to the Laws of Zambia.
“The suspects have been identified as kulili Sikundu, male aged 52, Mayamba Lingela, male aged 47, Alice Masiye, female aged 57, Namakau Muyangwa, female aged 47, Mukongane Katabi, male aged 57, Complex Sitali Sitali, male aged 34, and Esther Manza Katabi, female aged 67 all of Mutanda village in North-Western Province,” she added.
She said all the 7 suspects are in Police custody and will appear in court soon.

More From Author

World Bank urges Zambia to capture other benefits beyond mining sector

• World Bank is committed to supporting African countries to translate Africa’s mineral wealth into…

Read More

Kwacha gains should benefit consumers – BuyZed

• This is to ensure that consumers begin to enjoy what is produced locally.• Manufactures…

Read More

SEC attributes decline in Q4 bond trades to delayed debt restructuring process

• One of the challenges is to do with the delays in finalizing the debt…

Read More

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

IZB profit up 18.74% to K604.33 million

IZB has posted a K604.33 million Net Profit after tax for the year ended 31st…

Read More

Indo Zambia Bank declares K50 million dividend cheque

This is part of the K125 million dividend, the highest ever for 2023 financial year.…

Read More

Economist expects currency to hit K15 between April, December, 2024

  The Kwacha has been experiencing an unusual decline since introduction of the Export Proceeds…

Read More