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» 2010-04-10 «

Three Managers, Accountant arrested for laundering K1.3 billion

The Drug Enforcement Commission has arrested four employees of an international chain store for money laundering involving K1.3 billion. Among those arrested are three managers and an accountant. Mercy Chama Mwila, a store’s manager, was arrested together with Jayne Tina Zimba, a brand manager and Caroline Chipepo Mbao a sales floor manager as well as Chico Chibeka, an accountant. The four in their capacities as employees of Mr. Price Manda Hill Branch, did launder money amounting to K1.3 billion by under banking and manipulating the cash sales system. The Commission has since seized five motor vehicles and three bank accounts. All the suspects have been released on bond and will appear in court soon. Meanwhile, a 26 year old man of Bauleni compound in Lusaka has been arrested for trafficking in 14 sachets of Amphetamine drugs. Moses Lombanya was arrested from Chibolya compound when he attempted to sale the drugs. Amphetamines are stimulant drugs which are internationally controlled.