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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DEC public relations officer samuel silomba tells qfm in a statement that The money was later withdrawn using Melinda Mulembe and Chris Salanda Zulu’s ATM cards and invested into personal luxuries.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
Comments Disabled To "BOZ employee arrested for money laundering"
#1 Comment By Cycle Mata On July 12, 2012 @ 2:45 pm
ukutemwo ukwiba ukutemwo kwibaaaaa…kabolala bamulowa akafumo…..X 2…sing with me dear….
#2 Comment By Narrant On July 12, 2012 @ 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?
#3 Comment By Cycle Mata On July 12, 2012 @ 2:51 pm
iwe…a named bank as in the headline….icisungu…
#4 Comment By Shufuni On July 12, 2012 @ 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.
#5 Comment By manbobo On July 13, 2012 @ 11:04 am
Its not Boz those names dont work in work…thats a wrong heading with a correct story
#6 Comment By Muumba On July 12, 2012 @ 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??????
#7 Comment By JM On July 12, 2012 @ 3:08 pm
@Narrant that is exactly my sentiment……….These guys are such a disgrace to the journalism fraternity…..
#8 Comment By FUTURE PRESIDENT-ZAMBIA On July 12, 2012 @ 3:20 pm
PUNISH THEM IF U FIND THEM WITH A CASE…….
#9 Comment By Njombwinjo On July 12, 2012 @ 4:33 pm
The story does not follow the thesis of the article! Wazi wrong ba Lieutenant (LT)?
#10 Comment By 18 YEAR OLD IDEALIST. On July 12, 2012 @ 4:39 pm
MAMAMAMAMAMA!! chisungu ba LT!!! :o
#11 Comment By Ice_Road_Trucker On July 12, 2012 @ 4:46 pm
What bank? BOZ or a named bank?
#12 Comment By nkamu On July 12, 2012 @ 6:34 pm
Iyeeeeee ha.
#13 Comment By Clueless Hyena On July 12, 2012 @ 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.
#14 Comment By Mulenga On July 12, 2012 @ 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.
#15 Comment By ZED On July 12, 2012 @ 9:51 pm
Silly journalism… i rest my case!
#16 Comment By Zero Boyz On July 13, 2012 @ 11:03 am
LT’s inability to report correctly again….yaba lol
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