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DEC public relations officer samuel silomba tells qfm in a statement that The money was later withdrawn using Melinda Mulembe and Chris Salanda Zulu’s ATM cards and invested into personal luxuries.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

QFM

19 Comments

  1. 1 flag Cycle Mata

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

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  2. 2 flag Narrant

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

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    1. 2.1 flag Cycle Mata

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

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  3. 3 flag Shufuni

    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.

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    1. 3.1 flag manbobo

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

      vote
  4. 4 flag Muumba

    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??????

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  5. 5 flag JM

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

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  6. 6 flag FUTURE PRESIDENT-ZAMBIA

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

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  7. 7 flag Njombwinjo

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

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  8. 8 flag 18 YEAR OLD IDEALIST.

    MAMAMAMAMAMA!! chisungu ba LT!!! :o

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  9. 9 flag Ice_Road_Trucker

    What bank? BOZ or a named bank?

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  10. 11 flag Clueless Hyena

    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.

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  11. 12 flag Mulenga

    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.

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  12. 13 flag ZED

    Silly journalism… i rest my case!

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  13. 14 flag Zero Boyz

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

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  14. 15 flag DIVORCEE

    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.

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