The Drug Enforcement Commission has arrested a Lusaka based lawyer and a former director at the Bank of Zambia for theft and money laundering activities involving over K2 billion.
Buta Gondwe of Buta Gondwe and Associates was arrested together with John Isaac Gondwe a former director of external debt at the Bank of Zambia and Friday Muzyamba also a former Bank of Zambia section officer in the Audit section, according to DEC public relations manager John Nyawali.
“The two former Bank of Zambia employees did steal over K1.7 billion from the central Bank by over paying themselves retrenchment packages which were awarded to a group of former BOZ employees by the Industrial Relations Court,” said Nyawali.
Nywali said the lawyer was arrested for stealing over K300 million from his clients by purporting that the amount were legal fees when in fact not.
This is in a case in which the 1991 retrenched BOZ workers had taken the central Bank to court for under paying them and later won the case in the court where they were awarded over K5 billion.
The Commission has since seized five motor vehicles and other properties valued at over K900 million from the trio who are currently detained in Police custody awaiting trial.
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