The Drug Enforcement Commission (DEC) through its Anti-Money Laundering Investigations Unit has arrested a 44 year-old businessman of Chipata for money laundering activities involving over K40 thousand.
The suspect Maimisa Chiwele Makabaniso, 44, a businessman residing at Plot No. 1764 Kalongwezi Residential area in Chipata has been arrested for forgery, uttering of false documents, obtaining credit by false pretences and money laundering contrary to the laws of Zambia.
DEC Public Relations Officer Theresa Katongo disclosed the development in a statement released to ZANIS in Lusaka today.
Ms Katongo revealed that particulars of the offence are that Makabaniso jointly and whilst acting together with other persons unknown on dates unknown but between 1st January, 2012 and 28th February, 2013, with intent to defraud, did forge his NRC, which he uttered to an officer at the Ministry of Youth and Sports, together with loan application forms and obtained a loan amounting to K49, 950, 800 purporting that he was aged between 18 and 35 years when in fact he was 42 years.
She said the suspect has since been granted a cash bail of K10, 000 plus two working sureties.
Ms Katongo said trial will commence on 14th October, 2014.