AN ABSA Bank employee has told the Lusaka Magistrates’ Court that Ultimate Insurance Company Limited allegedly made transactions of over US$55,000 to Nchito and Nchito clients between October 2019 and January this year.
This was heard during continued hearing of a case in which three Marshlands Consortium Limited directors – Nachi Musonda, Tobias Milambo and Richard Lubemba are charged with 15 counts of forgery, obtaining money by false pretenses and uttering false documents, among them Ultimate Insurance Company Limited shareholder resolutions.
The trio are also accused of forging documents purporting to show that they had been appointed as directors at Ultimate. The accused are also called to have between January 1, 2018 and December 31, last year with intent to defraud, forged a Bitrust Rear Estate Innovative Solution Valuation Report dated January 6, 2018 for stand 9192/35 Manunga Road, Ndola.
Further allegations are that the trio forged the document by purporting to show that it was genuinely issued and signed by authorised by Bitrust Real Estate Innovation Solution for Investors, when it was not the case. It is further alleged that between the same dates, Milambo, Musonda, Lubemba and Marshlands Consortium Limited obtained goods by false pretenses and stealing over US$41, 000 belonging to Ultimate Insurance. Testifying before Lusaka magistrate Alice Walusiku, Ryan Kalunga, a banker at ABSA Bank Zambia Limited, said Ultimate Insurance paid Nchito and Nchito clients, the money between 2019 and January 2020 through ABSA Bank.
The three accused were initially represented by Nchima Nchito, Mutembo Nchito and Hamwela Chisuwo of Messrs Nchito and Nchito but the lawyers recused themselves after the magistrate reported them to the Law Association of Zambia for misconduct.
The accused are now represented by lawyer Osbourne Ngoma and Kampamba Kombe. In his evidence-in-chief, Kalunga testified that on August 26, 2020, his superiors assigned him to reprint a bank statement for account no 0011028454 for Ultimate Insurance from ABSA Bank Zambia Limited which was a United States dollars account. Kalunga explained that he reprinted the statement with transaction details. The witness produced the said bank statement which magistrate Walusiku allowed to form part of his evidence despite there being an objection from the defence. Magistrate Walusiku ruled that Kalunga met all the necessary conditions as a witness who is an employee of ABSA bank to produce the bank statement.
Following admission of the bank statement in court, Kalunga explained that on July 31, 2019 Ultimate Insurance sent US$5000 to Nchito and Nchito clients and sent another US$15,000 in October 2019. The witness said US$9,000, US$26,000 were also sent to Nchito and Nchito clients’ account on January 21, 2020. He said in all the transaction he had mentioned, the beneficiary was Nchito and Nchito although they were other transaction which were made during the period.
And former Ultimate Insurance Limited chief executive officer, Peter Phiri testified that the Marshland Limited directors terminated his services as chief executive officer of the company after they allegedly bought it. Phiri said directors Milambo and Musonda told him that his services as CEO had been terminated when Lusaka businessman Chanda Katotobwe’s wife Felistus Chibamba went for a surgical operation and had stopped going to the office.
“The directors told me that my services as CEO were no longer needed after the company was sold out,” he said. The witness said the directors claimed that Marshlands owned 65 per cent shares in Ultimate Insurance Limited while the 35 percent shares belonged to Katotobwe’s wife.
Ndola police recover stolen vehicle from Church
POLICE in Ndola have recovered a motor vehicle which was stolen at church on Sunday.
A male Juvenile of itawa area has since been arrested for allegedly stealing the vehicle at St Andrews United Church of Zambia in Ndola.
Copperbelt province deputy commissioner of Bothwell Namuswa has confirmed the arrest to Mwebantu.
Mr Namuswa said the juvenile aged 19 has been apprehended for stealing a motor vehicle number plate AQB 1023 silver in colour.
He said three other suspects have also apprehended in connection with the stolen vehicle but they are not yet been identified.
Mr Namuswa said the stolen motor vehicle is valued at K120,000.
He said the case was reported was filed in by the owner of the vehicle, Chileshe Puta on the same day that the theft happened.
The deputy police commissioner said officers retrieved the motor vehicle at Blue mint club in Ndola.
” I wish to confirm that the suspects have been apprehended and will appear in court,” Mr Namuswa said.