The Drug Enforcement Commission through its Anti-Money Laundering Investigations Unit in Lusaka has arrested and jointly charged two Lusaka Businessmen for money laundering activities involving $ 39.6 million
Metternich Saidi Chishimba, 49, a Businessman of Chalala area in Lusaka District has been arrested and jointly charged with Anderson Phiri, 42, a Businessman of Ibex Hill for money laundering contrary to the laws of Zambia.
Particulars of the offence are that Metternich Saidi Chishimba, on dates unknown but between 7th October, 2015 and 31st December,2017 jointly and whilst acting together with Anderson Phiri and other persons unknown with intent to defraud did forge contract documents purporting that the Road Development Agency and the National Road Fund Agency had signed a contract with Drum and Bitumen Isfahan of Iran for the supply of 100,000 metric tonnes of bitumen with a total contract value of $ 39,550,000.00 United States Dollars when in fact not.
The duo obtained a total sum of $ 480,000.00 United States Dollars as advance payment guarantee from Drum and Bitumen into their company account which funds were used to acquire various properties for sale for their personal benefit.
DEC Public Relations Officer Theresa Katongo said the Commission has since seized properties from the duo for further investigations.
Ms. Katongo said the suspects are on Police bond and will appear in court soon
I wonder how much the police bond was, considering the vast sums of money involved? meanwhile a poor Zambian can be denied bond for stealing a chicken…..
Good move!!!
Now let the ACC grab the assets of current PF leadership that have miraculously gained so much wealth since PF came to power.
2021 is on the horizon! Mwapya baisa!!!! You will see a lot of swords sticking out of nowhere and a number of victims who have so far been scot-free! Mwapya ba kapala! Baisa!!!
Banani abaisa??
Abantu mwibila,ulya namayo ubu lelila pano nde posta paku tamba abana bakwe balelia insala,bambi basanduka ama hule na bakabolala ati ba “snuffy”,those are the people who will reclaim their land from thieves,you moron…
So there was no contract in place. How then did a none existing contract get paid? This does not make sense at all. This defies logic. This is just a tip of the iceberg.
Have the 42×42 ambulance saga died a silent death?
In league with officials in RDA and NRFA…..CAN’T YOU SEE?! Simple. THIS IS ZAMBIA UNDER PF!!!!
This is a lot of money these guys stole, ba pompwe
This is too much money. Who paid them and how was such money approved. There is a big fish in this and if such money can go unnoticed just how much more is successfully gone. And we say there is no money in the country.
Hehehe koswe ne kolwe hehehe
Dont rush to conclusion. They are innocent till proven guilty
Ahh, this money was a kick back.
Inside job,nobody can release so much
Money without clarification from the
Right ministry.How were they given bail
When people can’t get bail on smaller
Charges.
Mylan Zambia must also be investigated. It is an Indian pharmaceutical subsidiary of Mylan USA. It is still operating in Zambia without legal authorization. It owes money to it’d Zambia distributer that has not been paid.It is also known for laundering money through a complex network from offshore companies, South Africa, India and UK. It has criminal agents it South Africa, UK, India an Zambia. It does not operate on the same legal format as it’s parent company in the USA.
What a bunch of idiots!
These guys will disappear from Zambia. If they can easily fabricate such high value contracts, skipping bond is child’s play. It was unwise to grant them bond.