DEC drops Sata, GBM $100,000 money laundering case

The Drug Enforcement Commission (DEC) says it will not prosecute PF president Michael Sata and Kasama Central Member of Parliament Geoffrey Mwamba concerning the US$100,000 transaction at Finance Bank.
DEC spokesperson John Nyawali told the Watchdog Wednesday morning that DEC will instead hand over the matter to Zambia Revenue Authority and Bank of Zambia for consideration and possible prosecution.

Nyawali said this follows extensive consultations with the office of the Director of Public Prosecution (DPP).
He also disclosed that Sata through his lawyers has been given back two of his motor vehicles which were seized from him as part of the investigations.

He said DEC has concluded investigations into the matter.

On 8th December 2010, the Commission seized a Chevrolet and Isuzu double Cab both valued at US$ 100,000 belonging to Sata and his wife Dr. Christine Kaseba as part of the investigations concerning the US$100,000 transaction in which Kasama Central Member of Parliament Geoffrey Mwamba claimed that he was the source of the money.

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