Former Barclays employee jailed six years

The Lusaka Magistrate court has sentenced a former employee of Barclays Bank Zambia to six years Imprisonment with hard labour after finding him guilty of theft and money laundering activities.
Maclean Chanda, a former foreign exchange processor at the bank was found guilty of six counts of theft by servant and two charges of money laundering.
Mr. Chanda,39, being a Banker at Barclays Bank did steal various amounts of money amounting to over US $28,000 and 5000 British Pounds property of the Bank which came into possession by virtue of his employment.
The court further ordered the forfeiture of his seized motor vehicle as well as several other household goods.
Mr. Chanda was arrested by the Anti-Money Laundering Investigations Unit of the Drug Enforcement Commission in 2009.
Meanwhile, the Commission has arrested a former operations manager at Arm Safety Company in Livingstone for money laundering activities involving over K247 million.
Senesintheniah Mudenda, 28, stole the money from his employers by forging company documents which he used to open a parallel account where he diverted the company’s money into this account.
Mr. Mudednda was further charged for issuing cheques to various customers on insufficiently funded accounts.

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