DEC nabs ex-MTN employees over K1.3 million

Filed under: Breaking News |

tkThe Drug Enforcement Commission through its Anti-Money Laundering Investigations Unit has arrested two former MTN employees of Lusaka for money laundering activities involving K1.3 million.

DEC Spokesperson Theresa Katongo says Shadreck Lungu, 40, of Plot No. 12865 in Lusaka’s 6 miles area has been arrested and jointly charged with Zachariah Zulu, 43, residing at Plot No. 1091, Salama Park in Lusaka for theft by servant, fraudulent false accounting and money laundering contrary to the laws of Zambia.

Particulars of the offence are that the duo whilst acting together with other persons unknown on dates unknown but between 1st January, 2012 and 31st December, 2012 did steal K1.3 billion (unrebased) from their employer MTN Zambia by diverting cheque payments made by a named dealer, a client of MTN and crediting two accounts of other MTN distributors purporting to be buying stock on behalf of the named dealer when in fact not.

Ms Katongo tells QFM News in a statement that the suspects then collected the said stock from MTN warehouse for their benefit thereby permanently depriving their employer of the proceeds of sale.

She adds that the duo further did engage directly or indirectly in business transactions involving proceeds of crime in which one residential property has been seized by the Commission.

The suspects are currently on Police bond and will appear in court soon.

And in a related but separate incidence, the Commission has arrested David Chiyesu, 49, a businessman residing at Plot No. 37004, Chilenje South in Lusaka for forgery, uttering of false documents and obtaining money by false pretences contrary to the laws of Zambia.

Particulars of the offence are that David Chiyesu, purporting to be a Commissioner of Oaths, jointly and whilst acting together with George Banda, Richard Chisenga and other persons unknown on 1st February, 2014 and 21st August, 2014 did forge a letter of transfer of funds amounting to K38, 000 from Nemerit Company account to that of George Banda’s account domiciled at a named international bank where the funds were withdrawn upon uttering the said transfer instruction at another named bank purporting that the suspects had rendered a service to Nemerit Company when in fact not.

The suspect is currently on Police bond and will appear in court on 17th September, 2014.