Friday, March 1, 2024

Milingo Lungu nabbed for stealing K110.4 million and $250,000,00 KCM funds

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The Drug Enforcement Commission has arrested the provisional liquidator for Konkola Copper Mines Milingo Lungu.

DEC Spokesman Mathias Kamanga announced the arrest during a news briefing in Lusaka this morning.

Mr. Kamanga said the arrests follow the conclusion of investigations by the Commission in some matter pertaining to the case at KCM.

Mr. Lungu aged 43 of plot 22763, Mpulungu Road, Roma has since been charged for obtaining money by false pretense amounting to US$2,200,000,00

Mr. Lungu has also been charged with money laundering and theft amounting to k110.4m and US$250,000,00.

He has been released on police bond.

And the Commission has announced that six people have been implicated in the theft of K624,700 from a mobile network in Zambia.

The following suspects have been released on police bond:

  1. Kasele Hamanyanga(37)
  2. Bright Kakana(46)
  3. Jethro Mukatasha(40)
  4. George Kambole (42)
  5. Clarence Kauseni(40)
  6. George Tapula(40)

The name of the company has not been mentioned by the authorities but is believed to be MTN Zambia.

34 COMMENTS

  1. It was a mistake to have a person that young to be appointed provisional liquidator. It required a small group of more mature persons with years of mining experience. I saw the mistake right from the day the announcement was made.

  2. If DEC fails to get a conviction their senior management should be fired for incompetence and sensationalism. Unproven accusations of corruption have tarnished Zambia’s image abroad and may unwittingly have caused a political party to win power. So enough political pandering, show us something concrete or be shown the door yourselves.

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  3. See nobody talked about this fella stealing money. The investigation went on unnoticed and we some positive results. Not this thing where someone has a vendetta with someone and you start posting on social media. Jail the thief no wonder while Mopani is recording some positives KCM is producing excuses instead of copper.

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  4. It’s a wonder how Milingo Lungu became a criminal hours after the swearing-in ceremony. Bally must show them gloves. I agree with Wynter Kabimba, these institutions are run by criminals

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  5. And where are those morons who were singing praises for Lazzy Lungu taking over KCM….can you imagine how was stolen by KZ and Amos Chanda initially.
    I hope you have a watertight case

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  6. These people were handpicked by Lazy Lungu for a reason…this is why small fish can Faith Musonda can have 30 bags of cash.

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  7. In this present crisis, government is not the solution to our problem; government is the problem. From time to time we’ve been tempted to believe that society has become too complex to be managed by self-rule, that government by an elite group is superior to government for, by, and of the people.” Ronald Reagan.

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  8. Just wasting time he won’t be convicted UPND and PF both the same….just playing on people’s minds….all these people being arrested will never see the inside of Jail…

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  9. Saulosi – Why do you even comment? If its not 48 houses its now they are all the same but during LAZY Lungu’s tenure you were hiding away from LT in your cave …dont take us for fooools.

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  10. Surely where was the due diligence ..how can one person have so much power to route so much money to his personal account without anyone raising red flags. Can you imagine what civil servants would say if they can out in the open….we seriously need a commission of inquiry. UPND need to serious and get serious help tracking down our money …just saying new dawn isnt good enough..get help from Scotland Yard or the Norwegians before the current crop of ministers start getting ideas of how to steal maize in the field.

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  11. These PF hooligans used to steal during the day when everybody is awake and watching. They never even used to hide. This is also one of the things by which the new dawn administration will be judged for their continued stay in power in 2026. How much did they facilitate the prosecution of PF criminals for plunder of national resources?? We are waiting for PF thief number one to also start appearing in court

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  12. @ THE SAINT
    My thought too….very true Koswes and Monkeys fighting for the loot….PF bandits VS UPND bandits its now game on……all thieves and Zambian people think they’re fighting corruption but its just fighting to get hold of the loot and stash it in their own pockets….and Milingo Lungu wont even spend a day in Jail

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  13. “He has been released on police bond.”
    This is why I like the US they would have set bond at $1million …this thief is a flight risk I hope the search his house for bags of cash. There needs to be variation of Police Imposed Bail Conditions especially for these white collar crooks.

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  14. The money trail leads back to that corrupt moron thieving lawyer , lungu…….

    This lungu is just the fall guy and must have also gotten brave to steal , seeing how lungu and his gang were helping them selves to KCM cash……

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  15. Saulosi – Why are you not condemning this specifically in relation to the man who appointed this man …if this was Bo Situmbeko you would have been explicit even if he is remotely connected?
    Dont ignore my comments…I dont mind if you mark me down!!

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  16. A liquidator for those who don’t know is one of the priority to pay during liquidation. If the rate at which his services were being paid for was approved by government then you are wasting people’s time calling this man a thief. Its the same argument HH has over the sale of mines. If Milingo is jailed for receiving payments as a liquidator we may be opening a pandora box without knowing. Did Milingo authorise these payments to his account without any related services? If these monies are related to his services as a liquidator then Zambians are being taken for fools by this DEC and ACC. Because you will have to pay this man back his money and damages on top of that. A liquidator bases his rate on the assets he is working on. $2.2million is a drop in a ocean for KCM assets.

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  17. Binani (Luanshya) Mine Liquidation made some people learn tricks of the trade hence knowing what the young man was up to. They say, it takes a thief to catch a thief!

  18. @Tarino Orange
    Am not a big fan of any Politician… and you probably think am PF but am just anti Governmnent….to me both PF and UPND are all thieves….and you know very well that am the most objective blogger on Lusaka Times…..and all i can tell you right now is that all what UPND is doing is just to play theatrical games for the people who voted for them just to blind them….all these guys being arrested will walk away scot free with all their looted money intact..and it will all be under UPND government….fake arrests…fake investigations and we all know the outcome…what happened to Faith Musonda…i told you that her story will die a natural death…no one is talking about it now they’re busy sharing the loot whilst you and me are stuck here on Lusaka Times

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  19. @Tarino Orange
    During big events i drive uber in Washington DC and i really didn’t have enough time to try and bump into HH but i know he was somewhere in NW Washington…i wanted to thank him for taking off his surgical gloves off

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  20. Where is our mate Kaizer? Mr Zulu! You are being so quiet about this! Surely you have an opinion?
    Come now, don’t keep us waiting. I am interested in hearing what you think about this.

  21. This reporting will not take anyone anywhere. Please LT you are not the charging authority you are just reporting. If this matter was coming from court then you would be justified to say Milingo jailed or convicted of stealing and money laundering etc. But for now it is ” arrested for alleged stealing and money laundering” please let us mature and grow in our reporting as well.

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