Three officials of Zambia National Commercial Bank (ZANACO) Western province have been arrested on charges of stealing K120 million from the accounts of two government ministries.

Sources in Western province told the Watchdog that George Litia Muyunda and Glenn Chingumbe Kalimbwe supervisors in the Mongu branch were arrested with a cashier named as Steven Lungu.

Drug Enforcement Commission spokesperson John Nyawali declined to name the bank but confirmed that three people have been arrested.

He said the money was from the ministries  of Education and  Health accounts held in the bank.

He said the trio laundered a total of K121, 368, 174 which was meant for various projects of the two ministries in the province.

He said the suspects  have been released on a K30 million  bond each with two working sureties.

Meanwhile, Nyawali confirmed that the DEC  has also arrested a banker from another bank in Lusaka for money laundering involving over K200 million.

Eddie Sakala, 31, laundered the money from the Bank using his client’s account who had requested for the closure of his account.

“A BMW motor vehicle has since been seized from Mr. Sakala who is currently detained in Police custody and will appear in court soon,’ he said.

Nyawwali further said that the Commission has intensified investigations into various money laundering activities in both public and private sectors and has continued strengthening its operations to ensure that pilferage of resources in both public and private sectors are prevented.