A 37 year old state security intelligence officer has been arrested in Lusaka for being in possession of over US $70,000 counterfeit notes.
Richard Nzala, a constable in the Office of the President, was arrested by the Drug Enforcement Commission from Libala Township when he attempted to sale the counterfeits to some people.
DEC Public Realtions manager John Nyawali told the Watchdog that Nzala was found with a total of US$ 79, 900 in hundred dollar bills hidden in a laptop bag which he was carrying at the time of his arrest.
He is believed to be among a group of people supplying counterfeit notes to the general public.
Nzala is detained by Police and is scheduled to appear in the Lusaka magistrate court Wednesday.
He becomes the second security personnel to be arrested in recent months following the arrest of a Zambia Army soldier who was arrested for possessing over US$ 2.5 million dollars of counterfeit notes.
In Kitwe, a Magistrate has sentenced the managing director of Logahead Logistics to four years imprisonment with hard labour for various money laundering activities.
John Nyondo was jailed together with his accountant Kennedy Maini after being found guilty of two counts of theft by an agent and forgery.
The Director together with his Accountant were arrested by the Anti-Money Laundering Investigations Unit of the Drug Enforcement Commission for stealing three truck loads of Copper Cathodes which they were transporting to South Africa on behalf of their clients Konkola Copper Mines.