Wednesday, May 29, 2024

DEC arrests Lusaka Businessman Bwalya Kalandanya for Money Laundering

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THE Drug Enforcement Commission (DEC) through its Anti-Money Laundering Investigations Unit has arrested Lusaka businessman Bwalya Kalandanya and four others for money laundering activities involving over K6 million.

In a media statement issued yesterday, DEC deputy public relations officer Delight Haangala said Mr Kalandanya, 47 of Roma Park in Lusaka, was arrested for Money Laundering Contrary to Section 7 of the Prohibition and Prevention of Money Laundering Act No. 14 of 2001 as read together with section 3 (b) (i) and (ii) of the Amendment Act No. 44 of 2010.

She said on dates unknown but between 1st January 2017 and 28th February 2022, jointly and whilst acting together with other persons unknown, Mr Kalandanya allegedly concealed the true ownership of a property namely seven fully furnished flats at stand number JES/118 situated in Jesmondine, Lusaka valued at K6,125,000.00.

“It is further alleged that Kalandanya did transfer the said flats to Beauty Chama, a female aged 39 years and a Data Clerk at Civic Centre Clinic who has also been arrested by the Commission for possession of property reasonably suspected to be proceeds of crime contrary to section 71 of the Forfeiture of Proceeds of Crime Act No. 19 of 2010 and Money Laundering Contrary to Section 7 of the Prohibition and Prevention of Money Laundering Act No. 14 of 2001 as read together with section 3 (b) (i) and (ii) of the Amendment Act No. 44 of 2010, who claims not to have known about the property,” she said.

Ms Hangaala said the property is said to have been sold to Ibrahim Mitha, a male aged 35 and Hassan Hanif Mitha, a male aged 28, without the knowledge of the alleged owner through KBF and Partners law firm.

She said the Commission has since jointly charged and arrested Ibrahim Mitha and Hassan Hanif Mitha, both Businessmen of Emmasdale in Lusaka for Money Laundering acquisition of property reasonably suspected to be proceeds of crime without taking reasonable steps to ascertain whether or not the property is a proceed of crime.

Ms Hangaala said the Commission has further arrested Mr Kelvin Fube Bwalya, a Lawyer aged 59 of Kabulonga in Lusaka for Failure to report a suspicious transaction contrary to Section 45 of the Financial Intelligence Centre Act No. 46 of 2010 and Money Laundering Contrary to Section 7 of the Prohibition and Prevention of Money Laundering Act No. 14 of 2001 as read together with section 3 (b) (i) and (ii) of the Amendment Act No. 44 of 2010.

She said the suspects are currently on Police bond and will appear in court soon.

13 COMMENTS

  1. They are all being pulled up for unexplained monies where tax was not paid…………no tax trail whatsoever ever……….
    That is why the PF GRZ could not afford things like meal allowances at University and pension payments…………

    Most of the money was flowing in illigal channels…………

    This is mostly stolen money from GRZ that PF were getting in suitcases………..

    BTW I saw the Costa interview with KBF……….
    Very empty, nice soundbites but no substance………..I was disappointed.
    No contest with HH there……….

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  2. Why do you waste space adding the specific addresses of the arrested…of what importance is it to the reader?

    • Lazy reporters. They copy and paste police reports verbatim. They can’t paraphrase. Others just lack vocabulary so it’s safer to regurgitate police dockets

    • Because that is how a legal docket is written. They cannot just say John Smith has been arrested, when there could be 200 John Smiths in the same town, and the implication of arrest might be defamatory to some of them. By mentioning the address, we immediately pinpoint the subject John Smith and absolute all the others of any disreputable imputations.

  3. The Zealous law enforcement agencies from the office of the president must start probing those that belong to the UPND as well otherwise this so called graft fight is just a joke. We need to show that we are serious about the graft. Yes laws must be implemented but not skewed towards alleged opponents. We need to amend our laws so that the sitting president can also be probed and if going wanting be arrested.

    • They are probing crime, which is not an equal opportunity activity. The dragnet will ensnare those who commit it. This who have a propensity for such activities are not likely to want to endear themselves to a man and a political party that has made the elimination of financial corruption the cornerstone of its modus vivendi. They will gravitate to parties in which the leaders say “Ubomba mwibala alya mwibala”. So, even if you think that the law enforcement in Zambia is unfairly targetting you, there is no way you can explain why the profile of the Zambians
      being impartially arrested abroad for financial crimes is more or less the same as that of those being charged with financial crimes in the country.

  4. In zambia this is what mostly happen when people are doing fine in their businesses, they always find ways to bring those people down. Mmmh zambia my country awe sure ?

  5. In zambia this is what mostly happen when people are doing fine in their businesses, they always find ways to bring those people down. Mmmh zambia my country awe sure ?

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