Zambia: A 48 year old business man of Chazanga Compound of Lusaka, has been arrested for money laundering.

The Drug Enforcement Commission through its Anti-Money Laundering Investigations Unit has arrested a Lusaka Businessman for money laundering activities involving K50, 000. 
Frank Bwalya, 48, a businessman of Chazanga Compound in Lusaka has been arrested for personation of person named in certificate, obtaining credit by false pretences, forgery and uttering of false documents.

Particulars of the offence are that Frank Bwalya on dates unknown but between September, 2016 and February, 2017 jointly and whilst acting together with other persons unknown with intent to defraud did personate as Samuel Phiri a Teacher at a named school in Lusaka and obtained a loan of K50, 000 from the Public Service Pensions Fund (PSPF). The suspect presented false payslips, a staff introductory letter, a confirmation in appointment slip, a national registration card and a bank statement in the name of Samuel Phiri whose names he had used to open the said bank account.

The accused is currently in custody at Kamwala Remand Prison pending court appearance.

Meanwhile, the Commission in North Western Province has arrested Danny Kayenda, 19, a small scale farmer of Chitiya village in Zambezi District for unlawful cultivation of fresh cannabis plants weighing 617kg.

The suspect will appear in court soon.


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Francois Mutombo


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