DEC Arrests Banker For Money Laundering Involving K700 Million

The Drug Enforcement Commission (DEC) has arrested a banker at one of the leading international banks for theft and money laundering involving US$147,000 equivalent to K700 million.DEC Public Relations Manager John Nyawali says Zawinja Stephenson Gondwe a retail support officer in the banks Foreign Desk on dates between 1st May 2011 and 22nd July 2011 forged telegraphic money transfers for some bank%u2019s clients and signatures of some senior bank staff to wire the transaction.
He says in a statement  that Mr. Gondwe, 31, allegedly wired the money to two of his offshore personal accounts purporting that the transfer of funds was authorized by the bank%u2019s clients when in fact not.
Mr. Gondwe, who will appear in court soon, has been detained in Police custody after failing to meet bond conditions.
Meanwhile, the Lusaka Magistrate court has convicted a Mazabuka businessman for planting drugs against his business partner.
Roycal Chimbukuma, 39, was sentenced to two months imprisonment with hard labour after confessing that he placed dried cannabis under his friend%u2019s car seat in order to frame him.
Mr. Chimbukuma was arrested and charged for drug trafficking after investigations established that he planted the psychotropic substance against his friend.
The Drug Enforcement Commission warns members of the public that it will not be used to settle personal vendettas but perform its duties professionally.
And 108 people were arrested countrywide in the last seven days for trafficking in different quantities of cannabis with a total weight of 500 kilograms.

 

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