THREE Zambians and one Chinese National have been arrested for money laundering involving more than K5 million.
The four, who include one woman disguised the business as a money lending institution, when infact it was an illegal money laundering activity.
Drug Enforcement Commission (DEC) Public Relations Officer Hussein Khan said the four have since been released on police bond and will appear in court soon.
Mr Khan said the four, three Zambians and one Chinese National were arrested through the commissions Anti-Money Laundering Investigations Unit in collaboration with the Zambia Information and Communications Technology Authority (ZICTA).
“The Commission has formally jointly charged and arrested Mary Maimba, a Human Resource Manager aged 32 ,Geoffrey Sichiweza,aged 29 , Raymond Muluti, a Translator, aged 22 of and Gu Zhaofei, a Quality Controller, aged 35 for accessing an Electronic Communications Network or Electronic Communication Service contrary to section 77 (2) (d) of the Information and Communications Technologies Act Number. 15 of 2009 of the Laws of Zambia and Money Laundering contrary to section 7 of the Prohibition and Prevention of Money Laundering Act Number 14 of 2001 as amended by Act Number 44 of 2010 of the Laws of Zambia,” he said.
He said particulars of the matter are that the four accused jointly and whilst acting together with other persons unknown, on dates unknown ,but between November 1st 2022 and March 6th 2023 fraudulently accessed the electronic communication network of a known mobile service provider.
Mr Khan said they did so by employing and deploying unlicensed, unauthorized sim boxes and managed to terminate international calls coming into Zambia, causing them to be treated and charged as local calls, thereby gaining financially through the difference.
“Further, the suspects were found in possession of four newly acquired and imported sim box machines. This illegal business was disguised by purporting that they were operating a money lending business named Vansiho Money Lending.The bank account of Vansiho has been frozen with a balance of K5, 360, 288.93 suspected of being proceeds of crime,” he said.
(Mwebantu, Monday, 13th March, 2023)