Bankers arrested for money laundering activities

The Drug Enforcement Commission through its Anti-Money Laundering Investigations Unit has arrested two bankers in separate incidences for money laundering activities involving over K400 thousand.
DEC public relations officer Theresa Katongo has told qfm news in a statement that Mubiana Mubiana, 37 a banker of a named local bank residing at 9812/47 Moses Chikwalakwala Road in Nyumba Yanga Lusaka has been arrested for unauthorized interference with data, theft and money laundering contrary to the laws of Zambia.
Ms Katongo says Particulars of the offence are that Mubiana Mubiana an IT System Administrator at a named local bank on dates unknown but between 1st January, 2014 and 1st January, 2015 jointly and whilst acting together with other persons unknown, did without authority steal money amounting to K263, 500 from his employers thereby depriving them permanently.

Ms Katongo adds that furthermore the suspect did engage directly or indirectly in money laundering activities by acquiring a Mercedes Benz ML 320 and other properties from the said money.
And in a related development, the Commission has arrested Robinson Hakuyu, 40, a banker of a named international bank for theft by servant and money laundering contrary to the laws of Zambia.

Particulars of the offence are that Robinson Hakuyu on dates unknown but between 1st September, 2014 and 31st March, 2015 jointly and whilst acting together with other persons unknown with intent to defraud did steal about US$20,029 equivalent to K155,213 from 10 different customer dollar accounts and K36,418.50 from nine different customer kwacha accounts.
He later laundered the said funds by purchasing a Toyota Hiace which has since been seized by the Commission.
Meanwhile, the Commission has arrested Kuang Xingchun a 28 year old Chinese national for unlawful possession of Biological Resources (Mukula logs) and corrupt practices contrary to the laws of Zambia.
Particulars of the offence are that Kuang Xingchun on dates unknown between 1st June, 2014 and 31st March, 2015 did possess 1, 124 logs of Mukula logs without lawful authority.
In count two, the suspect on 25th March, 2015 did give public officers K15, 000 as a bribe in order to close his case.
All the three suspects are on Police bond and will appear in court soon.

credit – qfm news