Thursday, May 15, 2025

Lusaka banker arrested for money laundering

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The Drug Enforcement Commission (DEC) has arrested a 44-year-old banker of Lusaka for money laundering activities involving over K700,000.

Alex Mulenga Kasepa has been arrested for theft by public servant, forgery, altering false documents, obtaining money by false pretences, destroying materials and money laundering contrary to the laws of Zambia.

Particulars of the offense are that Mr Kasepa, on dates unknown but between January 1, 2012 and September, 2014 whilst acting together with other persons unknown, in his capacity as a clerk, did steal a total sum of K745,000 belonging to four bank customers by forging cheques and cash withdrawal slips and consequently altering them to the bank tellers and purporting to be cashing for the owners of the accounts when infant not.

Mr Kasepa further obtained a cheque book belonging to one of the account holders without lawful authority from the owner of the account or the bank and kept it to himself thereby permanently depriving the account holders of their money.
He will appear in court soon.

This is contained in a statement released to the media by DEC Public Relations Officer, Theresa Katongo.

25 COMMENTS

    • You’re a shameless person that has killed HH for campaigning for presidency. You think there no Tonga thieves. Unfortunately comments like yours are imprinted in people minds undermining any Tonga’s hard work for presidency. Fool you are, Am a Bemba and like HH but you give him no hope. Mabala iwe

  1. KA MUSHOTA U SLUT ! JUST CONTINUE GIVING BJ’S UKO KULI MA OLD FOLKS THAT U CLEAN ASSES ATA ! ATI MY MONTHLY SALARY FUTSEK !

  2. 745k/5=150,000$. That is a good annual income in USA. Mushota, I doubt if the above mentioned occupation you do can earn that much. A BJ costs 40$, and in a month to earn 150,000$ from BJ, you need to do 150,000/40=3700 BJs, which is 125 BJs/day. Taking an average of 15 minutes /BJ, this translates into 31 hours/BJ. Unless you reduce that 15 minutes signficantly to a minute or so, then you are unlikely to make that money in a month.

  3. He’s one caught but there many others in all these financial institutions, in govt such cases cud be greater. For this one all the mansions, lodges he built and cars must be reposessed, his young wife will be takenover while he will be serving 15years incaseration. New govt no stealing.

  4. Its because Mushota tickles your behinds and you start releasing gas sporadically. Just leave her. She has a right to say anything. If you think its worthless, dont respond and she will get the message.

  5. I agree with PK. …..time is money why do you waste your time talking about things which don’t matter! Guys let us talk as educated citizen with ethical morals.

  6. Ba Mulenga muletusebanya. bushe ca cine mwali senda isho indalama? don’t be lazy like cartel boyz mmumembe mulefwaya ukulya indala isho tamwabola. @Mushota you are a joker!

  7. EVery Year we must have a competition in Zambia.
    The one Who steals the most gets a really big Prize…
    This is peanuts compared to the politicians….

  8. I suggest we cut ba Mushota some slack. She’s no liar. She is only terrible at math. When it comes to math she’s a dunderhead. Otherwise she’s a nice gal.

  9. Ba LT or is it ba Zambian reporter. What happened here is theft by public servant and falsifying documents. Please learn this.

    Money Laundering. The process of taking the proceeds of criminal activity and making them appear legal. What he did was pure theft.

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