former MTN employee for K1.7 million money laundering

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The Drug Enforcement Commission (DEC) has arrested a former MTN employee for money laundering involving K1.7 million.
30 year old Fernando Marques Malambo, an Accountant residing at 15 Massa Street, Libala stage 4B in Lusaka, was apprehended for theft by servant, fraudulent false accounting, unauthorised interference with
data and money laundering contrary to the laws of Zambia.
Particulars of the offence are that Mr. Malambo, in his capacity as a Financial Officer at MTN Zambia Limited on dates unknown but between January 1, 2013 and June 30, 2014, jointly and whilst acting together with other unknown people stole K1, 780,667.64 belonging to MTN.
In a statement issued to ZANIS in Lusaka today, DEC Public Relations Officer Theresa Katongo alleged that the suspect made fraudulent payments on the payroll system by crediting his three different bank accounts with salaries of MTN officials for his personal benefit.

It is further alleged that the suspect used the proceeds of crime and purchased seven motor vehicles valued at K141, 269,080 which have since been seized by the Commission.
In addition, two bank accounts belonging to the suspect with US$41,332 and K149, 272 respectively have also been seized.
The suspect however pleaded not guilty to all charges and will appear in court for commencement of trial on March 5, 2015.
Meanwhile, the Commission has arrested three people for unlawful cultivation and trafficking of over 700 kilogrammes of cannabis.
Liswaniso Nganga, 35, a peasant farmer of Kamanga village in Mulobezi district, Boyd Chazanga 28, a businessman of Mugaba village in Kazungula district and 24-year-old Cleophas Walimaposo of Nkausu village in Kapiri Mposhi were arrested for unlawful cultivation of fresh cannabis weighing 385 kg, 295 kg and 52kgs respectively.
Ms. Katongo said the trio will appear in court soon.

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