BOZ employee arrested for money laundering
The Drug Enforcement Commission has arrested a Bank employee and two others for money laundering activities involving over K200 million.
Micheal Mulembe 31, a Monitoring and Control Officer of a named bank has been arrested for fraudulent false accounting contrary to section 326 of the Penal Code Cap 87 of the Laws of Zambia, theft by servant contrary to section 278 of the Penal Code Cap 87 of the laws of Zambia and Money Laundering contrary to section 7 Act 14 of 2001.
Particulars of the offence are that Mulembe, between 1st January, 2011 and 5th July 2012 did fraudulently credit Melinda Mulembe and Chris Salanda Zulu’s accounts with K150, 337,856.60 and K76, 445,978.22 respectively, from the banks Trading Profit and Loss account.
DEC public relations officer samuel silomba tells qfm in a statement that The money was later withdrawn using Melinda Mulembe and Chris Salanda Zulu’s ATM cards and invested into personal luxuries.
The Commission has also arrested and separately charged Melinda Mulembe and Chris Salanda Zulu for theft contrary to section 270 as read with 272 of the Penal Code Cap 87 of the Laws of Zambia, and Money Laundering contrary to section 7 of the prohibition and Prevention of Money Laundering Act 14 of 2001 of the Laws of Zambia.
The two are said to have received K150, 337,852 and K76, 445,978 respectively, stolen from a named Bank and fraudulently credited into their accounts.
Mr. Silomba says all suspects will appear in court soon.