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BOZ employee arrested for money laundering

Time Posted: July 12, 2012 2:04 pm

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DEC public relations officer samuel silomba tells qfm in a statement that The money was later withdrawn using Melinda Mulembe and Chris Salanda Zulu’s ATM cards and invested into personal luxuries.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.

QFM

19 Comments

  1. vote
    flag Cycle Mata says: Cycle Mata
    July 12, 2012 at 2:45 pm |

    ukutemwo ukwiba ukutemwo kwibaaaaa…kabolala bamulowa akafumo…..X 2…sing with me dear….

    Reply
  2. vote
    flag Narrant says: Narrant
    July 12, 2012 at 2:45 pm |

    The headline indentifies BOZ, the main story gets vague,however, and talks of ‘from a named bank’, just what kind of journalism is this?

    Reply
    1. vote
      flag Cycle Mata says: Cycle Mata
      July 12, 2012 at 2:51 pm |

      iwe…a named bank as in the headline….icisungu…

  3. vote
    flag Shufuni says: Shufuni
    July 12, 2012 at 2:56 pm |

    bankers have been a great source of trouble and pain. Ba mulembe wa Nsofu, ubushiku usheme ne chimbala chilocha.

    If this is happening at BOZ, how about in commercial banks which are run by ethically questionable management. Invested in personal luxuries?
    mwandini.

    Reply
    1. vote
      flag manbobo says: manbobo
      July 13, 2012 at 11:04 am |

      Its not Boz those names dont work in work…thats a wrong heading with a correct story

  4. vote
    flag Muumba says: Muumba
    July 12, 2012 at 3:06 pm |

    Please LT, what kind of reporting is this. which is which, BOZ or “a named bank”. You cant have a definate artucle befered to by an indefinate article in the same paragraph. Its just wrong construction of english. How can BOZ be a named bank again??????

    Reply
  5. vote
    flag JM says: JM
    July 12, 2012 at 3:08 pm |

    @Narrant that is exactly my sentiment……….These guys are such a disgrace to the journalism fraternity…..

    Reply
  6. vote
    flag FUTURE PRESIDENT-ZAMBIA says: FUTURE PRESIDENT-ZAMBIA
    July 12, 2012 at 3:20 pm |

    PUNISH THEM IF U FIND THEM WITH A CASE…….

    Reply
  7. vote
    flag Njombwinjo says: Njombwinjo
    July 12, 2012 at 4:33 pm |

    The story does not follow the thesis of the article! Wazi wrong ba Lieutenant (LT)? 

    Reply
  8. vote
    flag 18 YEAR OLD IDEALIST. says: 18 YEAR OLD IDEALIST.
    July 12, 2012 at 4:39 pm |

    MAMAMAMAMAMA!! chisungu ba LT!!! :o

    Reply
  9. vote
    flag Ice_Road_Trucker says: Ice_Road_Trucker
    July 12, 2012 at 4:46 pm |

    What bank? BOZ or a named bank?

    Reply
  10. vote
    flag nkamu says: nkamu
    July 12, 2012 at 6:34 pm |

    Iyeeeeee ha.

    Reply
  11. vote
    flag Clueless Hyena says: Clueless Hyena
    July 12, 2012 at 6:37 pm |

    If you expect proper English and logic from journalists, then you are the one who voted for CNP hoping for more money in your pockets in 90 days. These things are mutually exclusive. Only dunderheads go into journalism.

    Reply
  12. vote
    flag Mulenga says: Mulenga
    July 12, 2012 at 7:32 pm |

    Did you mean named bank as in named in the title or is there another bank involved? Be clear or better still rewrite the article.

    Reply
  13. vote
    flag ZED says: ZED
    July 12, 2012 at 9:51 pm |

    Silly journalism… i rest my case!

    Reply
  14. vote
    flag Zero Boyz says: Zero Boyz
    July 13, 2012 at 11:03 am |

    LT’s inability to report correctly again….yaba lol

    Reply
  15. vote
    flag DIVORCEE says: DIVORCEE
    July 13, 2012 at 11:28 am |

    ba clueless hyena, please comment consistructively, not always using hate speeches against the president. before you know it, you will have a cardiac arrest. be real and tackle issues not always talking about one man. it only shows that the president is your pain in your a…..hole. just wait for 2016 since you have singing about throwing the president out of power. no wonder you are being called wizards. such hatred, you can even poison the president. i dont blame him for excluding you tribalists from the cabinet.

    Reply
  16. vote
    flag mode trends blog says: mode trends blog
    July 13, 2012 at 9:37 pm |

    Hello look at our website also. I hope i have a chuckle things also.

    Reply
  17. vote
    flag pillows says: pillows
    September 18, 2012 at 8:32 am |

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    Reply

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