The Drug Enforcement Commission through its Anti-Money Laundering Investigations Unit in Lusaka Province has arrested an Entrepreneur for money laundering activities involving USD 250,000.00 contrary to the Laws of Zambia.
DEC public relations officer Mathias Kamanga said in a statement that Chimuka Malambo Malawo, a female aged 50, residing in New Kasama, Lusaka has been arrested for being in possession of property reasonably suspected to be proceeds of crime.
Mr. kamanga said Particulars of the offence are that Malawo on dates unknown but between 10th June 2019 and 13th April 2022, jointly and whilst acting together with other persons unknown, deposited USD 250,000.00 into her accounts which is suspected to be proceeds of crime and used the said funds to renovate a property in Jesmondine Lusaka.
He further stated that the said property has since been seized by the Commission and the suspect is on police bond and will appear in court soon.
“Chimuka Malambo Malawo, a female aged 50, residing at Unit 7C, the Paddocks, New Kasama, Lusaka has been arrested for being in 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 with the Amendment Act No. 44 of 2010,” he said.
