Accountant arrested for money laundering

Sat, 03 Dec 2016 11:49:19 +0000

THE Drug Enforcement Commission (DEC) in Eastern province has arrested an Accountant of Eastern Water and Sewerage Company for money laundering activities involving over K700, 000.

The arrest has been conducted under the commission’s Anti Money Laundering Investigations Unit (AMLIU).

DEC Public Relations Officer Theresa Katongo said the suspect Billings Mwale, 34, an Accountant of House No. 107F Moth in Chipata has been arrested and charged with 27 counts of theft by servant and two (02) counts of money laundering contrary to the Laws of Zambia.

“Particulars of the offence are that, Billings Mwale in his capacity as an Accountant at Eastern Water and Sewerage Company (EWSC) in Chipata on dates unknown but between 1st August, 2014 and 31st August, 2016, jointly and whilst acting together with other persons unknown, did steal K732, 233.48 from Eastern Water and Sewerage Company accounts held at three named Banks in Zambia using the company’s cheques and funds transfer letters,” Katongo has disclosed.

She said the amount in question was then credited to several of his bank accounts and those of his friends and relatives.

“Billings Mwale later acquired property in form of a residential plot in Mambwe District of Eastern Province and built a house in Zanimoune area of Lusaka Province,” adds Katongo.