Finland’s Financial Supervisory Authority (FIN-FSA) has blocked a suspicious £28 million. (British Pounds) belonging to Regina Chiluba, widow of former Zambian president Fredrick Chiluba.
On 4 May 2007, Fredrick Chiluba was found guilty of stealing $46m (£23m) in a civil case by a UK court. The UK judgment was not registered and therefore not enforced in Zambia due to political interests and some legal technicality but it does not mean that Chiluba did not steal the money from the people of Zambia.
While the late president of Zambia left only one Rolex wristwatch, clothes and about $1.2 million, the fact has now emerged that his widow Mrs Regina Chiluba has tens of millions of pound sterling stashed in a UK bank.
A source in the Financial Conduct Authority (FCA), an UK organization fighting financial crime, has revealed to the Zambian Watchdog that their Finnish counterpart Financial Supervisory Authority blocked an attempted money transfer in excess of £28 million by an investment fund owned by Mrs Chiluba.
Apparently Mrs Regina Chiluba was attempting to launder the money by investing it into a real estate development project in Finland.
The project in which Mrs Chiluba wants to invests plans to build an 80,000 square meter center comprising car showrooms and related business, according to the web site of the Finnish company Sunny Car Center: http://www.sunnycarcenter.fi/en/
The money was wired from Barclays Bank investment fund owned by Mrs Regina Mwanza Chiluba.