The Drug Enforcement Commission (DEC) has arrested a businessman of Lilanda Township in Lusaka for possessing over K4million of counterfeit notes.
And a Lusaka Magistrate court has sentenced a 48 year old businessman of Lusaka to four years imprisonment with hard labour for being in possession of counterfeit notes.
Juma Nkhowani, a resident of Makeni was sentenced after being found guilty of possessing over $2000 of counterfeit notes contrary to section 358 of the Penal code Chapter 87 of the laws of Zambia.
Nkhowani was arrested by the Drug Enforcement Commission in July 2009 along Cairo road after he was found with the counterfeit notes which he was trying to sell to unsuspecting people.
And DEC has arrested a businessman of Lilanda Township in Lusaka for possessing over K4million of counterfeit notes, DEC public relations manager John Nyawali has disclosed.
Nyawali said Lazarus Banda, 32, was arrested from Down Town shopping complex in Kamwala after he was found with a total of K4.5 million of counterfeits which was in fifty thousand bills.
Banda was arrested after a long trail and is currently detained in Police custody waiting to go to court.
Nyawali said the Commission is appealing to members of the public to avoid buying currency from the streets but instead they should trade from established currency bureaus.