DEC arrests bank employees for money laundering

Two bank employees have been arrested for money laundering involving over US$40,000.

The Drug Enforcement Commission (DEC)through its Anti-Money Laundering Investigations Unit in Lusaka has arrested and jointly charged a male and female banker of a named bank for money laundering activities involving over US$40,000.

Patrick Mbandu Liale, 34, a Banker of House Number 2 Kubu road in Libala Stage three has been arrested and jointly charged with Jessica Miambo, 32, a Banker of flat Number 11B Kajema Flats in Chilenje for Theft by Servant, Unlawful possession of counterfeit notes and Money Laundering contrary to the Laws of Zambia.

Particulars of the offense are that Patrick Mbandu Liale and Jessica Miambo on dates unknown but between August, 2015 and September, 2015 in Lusaka Province, being employees of the bank and in their capacity as custodians’ of the bank assets, did steal USD 40,500 cash property from their employer. Further, the duo did possess 314 pieces of counterfeit notes in US$100 bills amounting to US$31,400.

And the Commission over the weekend arrested eight (08) people countrywide for trafficking in 10.7kg of cannabis.

All suspects will appear in court soon.

This is contained in a statement released to Qfm News by DEC Public Relations Officer Theresa Katongo.

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