Former Banker nabbed for money laundering involving more than K54, 000

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The Drug Enforcement Commission through its Anti-Money Laundering Investigations Unit has arrested a former Banker and a peasant farmer of Chipata for money laundering activities involving more than K54,000.

DEC deputy public relations officer Theresa Katongo tells QFM that Mike Kabwe, 30, a former banker of House No. 2, Chipata Basic School has been arrested and jointly charged with Nania Phiri, 34, a peasant farmer of Undi village in Chipata for fraudulent false accounting contrary to section 326 of the Penal Code, theft by servant contrary to section 272 of the Penal Code and theft contrary to section 272 of the Penal Code Cap 87 of the laws of Zambia.

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Ms Katongo says particulars of the offence are that Kabwe whilst still employed at a named bank in Chipata on dates unknown but between 1st August 2011 and 19th August 2013 fraudulently debited the account of Alliance One Zambia Limited and credited the account of another customer by the name of Nania Phiri with K54, 203.

She says the money was later withdrawn by Nania Phiri from his account.

She says Mike Kabwe has since been charged for fraudulent false accounting and theft by servant while Nania Phiri has been charged for theft.

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