DEC arrests two for laundering activities involving a US$ 17 million contract
The Drug Enforcement Commission through its Anti-Money Laundering Investigations Unit in Lusaka has arrested and jointly charged two businessmen for money laundering activities involving a US$ 17 million contract, contrary to the laws of Zambia.
DEC Deputy Public relations officer Kamufisa Manchishi told Radio Chikuni News in a statement that Chipayeni Chilulwe, 43, a businessman of Meanwood Chamba Valley has been arrested and jointly charged with Sydney Simoba Phiri, 45, a businessman of Ibex Hill for obtaining goods by false pretences, forgery, uttering of false documents and money laundering, contrary to the laws of Zambia.
Manchishi says the duo further solicited a total of US$59,330 and K99, 000 from a Chinese national, the proprietor of a construction company as part of the US$ 300,000 security guarantee for a contract involving US$ 17 million. It is further alleged that the duo solicited for US$75,000 US Dollars which was transferred into a bank account at a local bank.
Meanwhile, the Commission in Lusaka has arrested Bertha Moyo, 43, a housewife of Matero North for forgery and uttering of false documents, theft, attempted theft and money laundering of K75, 000 contrary to the laws of Zambia.
Manchishi says all suspects will appear in court soon.