Ndola banker nabbed for money laundering

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The Anti-Money Laundering Investigations Unit of the Drug Enforcement Commission (DEC) has arrested a 27-year-old banker of Ndola for money laundering activities involving over US$7, 000.

 

Musonda Chitambo 27, a banker of Ndeke Township in Ndola, has been arrested for allegedly false accounting, stealing by clerk and money laundering contrary to the laws of Zambia.

 

Particulars of the offence are that Mr. Musonda whilst acting in his capacity as a Teller in Charge at a named local bank in Ndola, on dates unknown but between 1st May, 2014 and 31st December, 2014 defrauded his employers by stealing monies amounting to 7, 250 United States dollars.

 

The suspect allegedly stole the money by making false entries in the Vault Register Book indicating that the balance in the vault register was tallying with the physical cash when in fact the money was less.

 

Mr. Chitambo is alleged to have laundered the said stolen funds by purchasing a Toyota Camry which has since been seized by the Commission.

 

The suspect is currently on police bond and will appear in court soon.

 

This is contained in a statement released to ZANIS in Lusaka today by the Drug Enforcement Commission (DEC) Public Relations Officer Theresa Katongo.

 

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