Here is money laundering entry from 2018

Here is money laundering entry from 2018

Ephraim Shakafuswa Writes:

πŸπŸŽπŸπŸ– π…πˆπ‚ π“π«πžπ§ππ¬ π‘πžπ©π¨π«π­

Case 1: Corruption, Abuse of Office and Money Laundering

𝐏𝐄𝐏 𝐍, was alleged to have amassed wealth that was not in line with his expected income within a short period of time. The PEP was alleged to have amassed wealth through suspected corrupt practices with the aid of two other PEPs, his associates (PEP
D) and (PEP C).

PEP N influenced the awarding of contracts to foreign construction companies and in
return, these companies constructed 49 residential properties for him valued at ZMW
70 million. They further purchased two luxury vehicles for him valued at ZMW 4 million.
With respect to PEP C and PEP D, it was noted that they had acquired four (4) properties
valued at ZMW 61,000,000.

A review of the bank accounts of 𝐏𝐄𝐏 𝐍 and PEP C for the period 1st October 2015 to 30th April 2018 revealed the following credit turnover;

𝐏𝐄𝐏 𝐍: ZMW 12,000,000
PEP C: ZMW 35,000,000

The case was disseminated for suspected corruption and money laundering to
competent authorities.

Share this post

COMMENTS

WORDPRESS: 0