The Lusaka Magistrates Court has convicted three directors of Heritagecoin Resources Limited and sentenced them to two years simple imprisonment for conducting banking business without a licence as the trio collected deposits from the public disguised as partnership fees involving K28, 346, 800.

The three convicts are identified as Hilda Agnes Raubenheimer, 35, Orient Rio Zekko, 29 and Tapiwa Chirwa, 40, all of Lusaka.

The three were arrested by the Drug Enforcement Commission on 9th November, 2018 and were convicted yesterday morning when they appeared before Lusaka Magistrate Humphrey Chitalu who sentenced them to two years simple imprisonment each with effect from 9th November, 2018.

Further, the company Heritage Coin Resources Limited has been convicted and fined K150, 000 and in default a warrant of distress will be issued against its property.

The Commission has since welcomed the judgement which will serve as a lesson to perpetrators of money laundering crimes and spur the Commission’s efforts in a quest to rid the country of money laundering as well as emerging cyber fraud.

This is according to a statement issued by Theresa Katongo, the Drug Enforcement Commission Public Relations Officer.

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12 COMMENTS

  1. I also want to remind the Judiciary and Zambia Correctional Services that Gladys Nyriongo former Minister of Lands has not yet served her jail term.

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  2. Sure? Well if that is true them let’s apply law of the jungle here, let those who allowed that situation to serve her jail term instead.

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  3. www. lusakatimes. com /2009/02/14/gladys-nyirongo-sent-to-jail-for-corruption/

    Former Lands Minister, Gladys Nyirongo, has been sentenced to four years imprisonment with hard labour for corruption.

    February 14, 2009 6,676 views 139

    Lusaka Magistrates, Sharon Newa, sentenced Nyirongo, 51, of house number 10 Chavuma drive, Highridge in Kabwe to two years imprisonment with hard labour in the first count and four years in the second count.

    Nyirongo was charged with two counts of abuse of authority while in office contrary to Section 99(1) of the Penal Code Chapter 87 of the laws of Zambia.

    In the first account it was alleged that on dates unknown but between January 1, 2006 and February 2007, Nyirongo, who was employed in the public service as Minister of Lands abused her…

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  4. Have you ever seen a Chinese or Indian at an ATM or in a bank queue ??

    GRZ should look into this…..looks like these people have their own money laundering systems….

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    • Ok you’re right. But the Chinese normally go to their bank. I see many at the China Bank on Oxford Avenue in Kitwe

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  5. Criminals allowed these criminals to conduct this unclean business who must be followed as well. Job well done.

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  6. I know these ladies, this was wrong for the court to convict these ladies, they were running a legitimate business, had it been the Chinese they would have been fined 2000 kwacha by these useless chipate pante courts

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