Q FM Africa's Modern Radio
The matter in which Konkola copper mines provisional liquidator Milingo Lungu is charged with two counts namely theft and money laundering has again failed to commence before the Lusaka magistrate court.
when the matter came up for reading of the charge and possible plea, Mr. Lungu said he was ready to take a plea but could not has the court was again not ready to commence with the matter on the pretext that it was conducting administrational issues.
Allegations in this matter are that Milingo Lungu, jointly and whilst acting together with other persons unknown, on dates unknown but between 22nd may 2019 and 15th august 2021 did engage in theft involving k110.4 million and us$250,000.
it is further alleged that he obtained money by false pretences amounting to us$2,200,000.00. he has also been charged for money laundering for the said amounts.
the money is said to have come into his possession by virtue of being the provisional liquidator for konkola copper mines plc.
it is further alleged that during the same period, Lungu did transfer the said money while knowing that the money was believed to be proceeds of crime.
the matter is now expected to take plea before magistrate Felix Kaoma on the 26th October, 2021.