Chipata Stanbic manager admits K626,100 theft

Magistrates Court
STANBIC Bank Chipata Branch manager has pleaded guilty to four counts in connection to the theft of K626,100.

Abel Lungu, 34, of 759 of Kalongwezi residential area was, in the first count charged with forgery contrary to section 342 as read with section 347 of the Penal Code of the Laws of Zambia.

Particulars of the offence are that on dates unknown but between January 1 and November 5, this year, Lungu did forge withdrawal slips purported to have been used to withdraw money by Alick Tembo, James Phiri, Nasho Sweet Zulu, Dastala Lungu and James Banda amounting to K626,100.

In the second count, he is charged with uttering false documents namely, withdrawal slips at Stanbic bank.

He was charged with theft by servant contrary to Section 287 of the Penal Code of the Laws of Zambia, where he was accused of knowingly and fraudulently uttering withdrawal slips at the bank.

Lungu was in the third count, alleged to have stolen the money, a property of Stanbic Chipata branch which came into his possession by virtue of his employment contrary to Section 287 of the Penal Code Chapter 87 of the Laws of Zambia.

And in the fourth count, Lungu was accused of money laundering in which he did engage directly or indirectly into money laundering and the proceeds realised from these illegal activities were used to purchase a Nissan Elgrand unregistered vehicle with chassis number ALW50-061824.

Lungu pleaded guilty to all the four charges.

Magistrate Stanford Ngobola adjourned the matter to next week because Lungu’s lawyers from the Legal Resource Foundation are still studying the matter.