THE Drug Enforcement Commission (DEC) in collaboration with Securities and Exchange Commission (SEC) has arrested a 24-year-old South African National and a Zambian for money laundering involving over K6 million and over USD 140,000.00.
And the two institutions have express concern over the increased number of cases and people getting involved in and consequently losing out from “PONZI” or pyramid Schemes.
The Commission through our Anti-Money Laundering Investigations Unit arrested and jointly charged Simphiwe Gewensa, a South in his capacity as financial controller at Earn Mo Holding under Earn Mo Digital Marketing and Advertising Limited and Mubanga Mwale, a Zambian aged 32.
The duo was arrested for various offences under the Securities Act, the Forfeiture of Proceeds of Crime and the Prohibition and Prevention of Money Laundering Act number 14 of 2001 as amended by Act 44 of 2010.
It is alleged that the suspects obtained K6, 946, 945.00 and US$ 143, 810.00 cash from members of the general public by falsely pretending that the money would legitimately earn a predetermined interest of up to 100% per month when in fact not.
The Commission has since seized a total of ZMW 608,615.00 and USD 13,620.00 in cash from the suspects.
And the two institutions have warned members of the public from investing in such schemes as they risk losing their hard-earned money.
“The Commission has been receiving numerous complaints from members of the public whose funds have been lost to such schemes.
You will recall that not too long ago, the Commission investigated and arrested Directors for companies such as Heritage Coin, Mineral Pay, Ono and Comsave for similar operations. It is unfortunate that members of the public have continued to fall prey to such schemes,” reads a joint statement issued.
They have urged companies that intends to take in deposits from the public or engage in investment advisory activities or make actual investments of funds on behalf of the public to properly be licensed or registered with the two institutions.
Members of the public have further being advised to be smart investors and follow the right procedure when investing in such schemes.
Man kills step son for urinating on his bed, police say
TWENTY-SEVEN-YEAR-OLD of Kasama has allegedly murdered his two-year-old step son after he urinated on his bed.
Police deputy spokesperson Danny Mwale has told Mwebantu in a statement that Kabwe Boma 27 of Malaya village in Mungwi district allegedly murdered Able Mulenga.
Mr Mwale said the incident occurred on April 15 at around 10:00 hours in Mungwi district.
He said initial investigations revealed that the deceased had urinated on his bed and Boma wanted to discipline him.
Mr Mwale said the child suffered suspected internal injuries as kicks are alleged to have been used in the act.
“The body of the deceased has since been deposited in Kasama General Hospital Mortuary awaiting postmortem and burial,” he said.
Mr Mwale said a manhunt for the suspect has been launched.
Meanwhile, Patriotic Front cadre, Charles Kakula has been charged and arrested with the subject offences of Criminal Trespass.
Mr Mwale said Kakula has further been slapped with Threatening Violence contrary to section 90(a) of the Penal Code of the laws of Zambia.
RTSA saddened by the death of, Ngongwe Zimba, in a road traffic accident
THE Road Transport and Safety Agency (RTSA) is saddened by the death of a motorist who died in a road traffic accident involving five (5) motor vehicles in Lusaka.
RTSA Director and Chief Executive Officer, Gladwell Banda, has conveyed a message of condolences to the bereaved family, describing the accident as tragic and unfortunate.
He the deceased, Ngongwe Zimba, driver of the BMW with registration mark ALR 5979 died on the spot following the road crash which occurred around 09:00 hours yesyerday at the intersection of Mungwe Road and New Outer Ring Road in Lusaka West.
Mr Banda said the road traffic crash involved a Volvo truck registration mark BCC 3511, a Sino Howo truck registration mark 9541, a BMW registration mark ALR 5979 driven by the deceased driver Mr Zimba, a Toyota Vitz registration mark 790 and a Toyota Hiace registration mark ALV 1360.
He said the Agency has instituted investigations to establish the cause of the road traffic crash to ensure that such incidences are mitigated.
This is in a statement issued by RTSA head of public relations Fredrick Mubanga.
Police arrest Correctional officer of Mansa for attempted murder
A 31-YEAR-OLD Correctional officer of Mansa has been arrested for attempted murder.
On April 9, 2021 at 19:30 hours, Frederick Chishimba shot at Pathias Bwale aged 19 whom he suspected of being a thief.
Police deputy spokesperson Danny Mwale confirmed the incident in a statement issued yesterday.
He said the incident occurred at Regional Correctional offices in Mansa, Luapula Province.
Mr Mwale said the victim sustained a bullet wound on his left foot.
“The suspect is in police custody awaiting court appearance,” Mr Mwale said.