Home General News DEC seizes Bugatti amid money laundering investigations

DEC seizes Bugatti amid money laundering investigations

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The Drug Enforcement Commission (DEC) has seized the Bugatti imported into Zambia pending money laundering investigations.

Bugatti is one of the top trending topic on Twitter in Zambia with people talking and sharing pictures of the luxury car that was imported into the country on Monday.

Reports say it is the first ever of its brand in the country.

The owner of the rare Bugatti, a Veyron, is not known, although industry experts estimate that it costs between $2m-$3m.

Soon after the car landed at Lusaka’s Kenneth Kaunda International Airport on Monday on a commercial plane, its pictures were shared on Twitter.

Many took pictures and videos of the car as it was driven in the capital, Lusaka, on Tuesday:

The Zambia Revenue Authority is yet to disclose the car owner.

They, however, did reveal the owner had paid all the taxes relating to its clearance but did not give further details when asked its value and total taxes.

“The only thing we can confirm is that taxes were paid. The other details we can’t give out because we need to respect the tax payer’s confidentiality as guided by the law and our values,” said Topsy Sikalinda, the Zambia Revenue Authority spokesperson.

But the Commission announced today that it had seized the vehicle pending investigations.

Theresa Katongo, Commission Spokesperson said numerous concerns were received by the Commission from members of the public over the Bugatti.

“Following the concerns raised, the Commission is making follow ups to ensure that the purchase of the motor vehicle is not in breach of any money laundering laws,” Mrs Katongo said.

And Lusaka Lawyer Dickson Jere has questioned why the motor vehicle was seized before investigations were concluded.

“I stayed away from the ongoing talk about the Bugatti. I am not into cars and later on not mesmerised by them. However, the statement from the Drug Enforcement Commission (DEC) caught my attention – I mean seizing of the ka Bugatti! So DEC decided to seize the car because “members of the public” raised concern?”

“Why not investigate first before seizing someone property merely on concerns by members of the public. Does not make sense at all!”

He said, “Jealous people will always accuse others of criminality and that is why investigations should be launched first – quietly – before even seizing property. I would have been comforted if the statement talked about “preliminary investigations” and not mere concerns by unnamed “members of the public”.”

“Anyway, former Minister of Finance late Ronald Penza used to tell me that “Zambians like to embrace poverty” and detest riches or success especially among themselves. True that is!”

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31 COMMENTS

  1. Owner..dont worry..they will inform us that it dropped from heaven like the 48 houses… you will get yowa car and screw our zambian girls with it

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  2. Useless DEC. Why didnt you seize President Lungus Private Jet and investigate as to whether Tender procedures were followed when acquiring the same. You should have done the same regarding those Sala ula Fire Fighters

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  3. Singing MC Wabwino song “munkuni wakalijo, ni wakalijo wakalijo niwa jealous. Tileke vima rumour ma roumour ma rumour.”

  4. Dead and Failed institutions run by Dull people. The owner should sue them. Engage a strong Lawyer to challenge them. We have a lot of real crimes that they have failed to investigate. 42 houses, Mukula etc. yet they jump on a Bugatti.

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  5. You can not find the owner of 48 houses in Zambia with tenants ..how are you going to investigate this issue with international connections based on social media posts, we need a complete overhaul of these institutions, these morons will just incur charges as that vehicle is enroute to Zimbabwe, are you going to pay insurance premiums for it? Usesless morons why didn’t you check it out at the airport with ZRA and PF wants FIC to be reporting to these useless chaps.

  6. Razor – What sweat? The owner makes profit from dull chaps like Great Ga.lu who live beyond their means and put title deeds for property as security for a loan for a $10,000 loan with 80% APR to fly about and shopping for wrist watches.

  7. Razor – What sweat? The owner makes profit from du.ll chaps like Great Gal.u who live beyond their means and put title deeds for property as security for a loan for a $10,000 loan with 80% APR to fly about and shopping for wrist watches.

  8. And tomorrow you tell us in diaspora that we should invest home.
    We bring nice cars, these PF are stealing from us again.

  9. If it was the DEC of Mukutulu Sinyani we would have thought there are indeed issues.This DEC of uyu ndani,am sure these are just PF cadres using it to play sport or settle old scores…

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  12. So according to DEC, one is guilty until proven innocent?

    This is a dangerous approach and an overreach.

    Why not devote DEC resources towards more important matters?

  13. If temporary insurance cover on that vehicle run out and something happened to it whilst in was on DEC yard …I would sue the pants off those cadres if I was the owner. Any Director with brains would have never impounded such an expensive vehicle on their premises…I mean where is it going to go or you need to do is just inform ZRA at the border in Chirundi and they will delay it.

  14. I don’t understand all the excitement about this car. Not my taste at all. I prefer Lamborghini and Mercedes AMG. That said, it’s not impossible to procure a heavy loan and purchase a luxury if you have a well paying job. Some people will do it just for the kick of the moment, even when they may not own a house to park it.

  15. I have confidence in the authorities to carry out a fair assessment of this case. Of course it is a very extravagant purchase and checks need to be done to ensure every thing is in order. Nothing sinister about this. Let us not be too quick to judge.

  16. KZ you should be the last person to talk about extravagance. Weren’t you the one pausing for us a private jet and champagne bought the struggling taxpayer? Or chill out in the presidential suite on the 7th floor at Inters?

    DEC should first conduct investigations then impound. Their actions looks like the works of the UNIP era CITET.

  17. 2008 Bugatti, why bother? With damaged roads in Zambia, it will be a wreck before too long so just let the man have it!

  18. The Dec should be professional. What a ridiculous statement they are making. You confiscate property because of concerns raised? Is that how law enforcement is done? Following the concerns raised by who? We have raised concerns about Tasila fencing off state land. Go confiscate it. There are concerns about 48 houses taxpayers are concerned about ministers who were paid when cabinet had been dissolved

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