The Drug Enforcement Commission (DEC) has arrested the Director of Auditel Business Solutions for issuing cheques amounting to over 700 million kwacha on insufficiently funded accounts.
Yona Shanzi , 43, who is also proprietor of Office Tech Systems is alleged to have used the two Companys’ accounts to issue bounced cheques, contrary to the National Payment Systems Act.
DEC Spokesperson John Nyawali says Mr. Shanzi engaged in a business transaction with Eldorent Investment Limited and issued several cheques amounting to 773 million kwacha, which were not honoured as a result of insufficient funds.
Mr. ShanziI has been released on a 40 million kwacha bond, and further asked to provide two working sureties at managerial level.
Meanwhile, the Lusaka Magistrate court has sentenced a businessman to two years imprisonment with hard labour for various money laundering activities amounting to 131 million kwacha.
Crispin Nakuzyambo Xhumalo was sentenced after being found guilty of all the six counts of money laundering he was facing.
The counts included illegal transfer of 63 million kwacha from an account belonging to a pastor, to his personal account.
This is contained in a press statement to ZNBC News in Lusaka on yesterday.
[ ZNBC ]
There goes DEC with selective justice. When are you arresting Changwe?
Can some explain the DEC mandate to me. I am afraid they seem to be everywhere. I would not be surprised to hear that they have arrested someone for failing to settle their electricity or booz bills.
ABASH selective justice!!! Arrest Lucy Changwe now! Do we have professional in DEC? Graduates from UNZA working in DEC what’s up ba Monko?
DEC is doing a very good job they have to be recomended, just as Mr.BWezani has made a record of being the best president Zambia has have had of the three Mwanawas, FTJ, Bwezani has proved to be the best so is George Kunda..Poor Mike Mulongoti, was a good damn leader very hard working, also Munkombwe has brought alot of devt here in Southern province..
can someone explain to me what maoney laundering is?
#4 Hamahtole…your comment is out of context….danda head!!!
# 4 Read article before making irrelevant comments….retard!!
#5 – SIPHO – money laundeing is a very broad charge term which includes a wide-range of money crimes but in short amounts to making money or financially benefiting through illegal practices or for illegal purposes and yet masking it as legal. This includes fraud, money from drug-deals, money from conning sleepy chaps, bouncing cheques, etc. In Zambia you can get locked up for laundering even as little as K1,000.
When is stupid sellective application of the law going to end? We are still waiting for changwe to face the law as well
I believe #4 is just being derisive.
With changwe is Justice delayed and Justice denied. Am sure this guy does not support MR. HERB, because only those with different views from the Government are arrested in Zambia, eg. Mpombo, Sata, BGM. People like Musonda, Changwe, Mabenga even if they are guilty they will never be arrested. Now Mulongoti will be arrested soon, since he is having now a different view. Only a fool can praise this DEC and Herb Government.
Could we all agree that for once these two dudes actually needed to be arrested that money amount is ridiculous. As for changwe her time shall come. look at Mubarak he didn’t know that his evil reign shall end.