Accountant, 2 businessmen jailed for money laundering

The Lusaka Magistrate Court has sentenced a former Management Accountant at the Legal Aid Board to one year and six months imprisonment with hard labour for theft of public funds amounting to K30 million.

Humphrey Chola Mumbi, 33, was convicted after being found guilty of theft and money laundering charges.

Facts before the court were that Mr. Mumbi in his capacity as Management Accountant at Legal Aid Board, a department under the Ministry of Justice withdrew over K30 million from the departments revolving fund account purporting that the money was to be given to officers as Loans when in fact not.

The money was however deposited into a private account with the view of earning interest which was going to be used for offsetting the K30 million illegally withdrawn.

And two other businessmen of Lusaka have been sentenced to three years imprisonment with hard labour for money laundering involving a total of K390 million.

Freddie Sichone, 54 was jointly sentenced with Paul Musonda Lunda 56 after being found guilty of three charges of money laundering.

Facts before the court were that the dual using a company called Sizala Enterprises Limited defrauded Standard Chartered Bank Limited by forging a cheque belonging to a Canadian based firm which they cashed and withdrew the money.

However, the cheque was not honoured as it was a forged document.

And the drug Enforcement Commission has seized 383 kilograms of cannabis in the last seven days and arrested 69 people in connection with the psychotropic substance.

DEC spokesperson John Nyawali said among those arrested was Ketankumar Naik, 43 Proprietor of My Own Pharmacy for being in possession of 1396 tablets of Phenobarbital, a highly controlled depressant drug, without valid documents.

Share this post