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… I’ll prove my innocence in court


IT is totally false and malicious that i pocketed K110.4 million and US$2, 450, 000 from KCM are false and malicious, KCM provisional liquidator Milingo Lungu has said.

KCM has also rubbished the allegations against Mr Milingo.

Mr Lungu said he was ready to prove his innocence in court.

“The allegations are false and malicious and we will have an opportunity to prove that in court,” Mr Lungu said in an interview.

He later said in a statement Mr Milingo said the allegations were baseless and untrue.

Mr Milingo said he welcomed the opportunity to clear his name in Court.

“This will be done following due process and not in the Court of public opinion,” he said.

The commission yesterday announced Mr Lungu’s arrest on allegations that he fraudulently pocketed K110.4 million and US$2, 450, 000 dollars from the mining firm.  

Mr Lungu has since been released on Police Bond and will appear in court soon.

 According to DEC public relations officer, Mathias Kamanga, Mr Lungu 43, of Plot 22763, Mulungushi Road in Lusaka acting together with other persons unknown, on dates unknown but between May 22, 2019 and August 15,  2021 did engage in theft involving K110.4m and US$250, 000.00.

Mr Kamanga said Mr Lungu is also alleged to have obtained money by false pretences amounting to US$2, 200, 000.00.

The money is said to have come into his possession by virtue of him being the provisional liquidator for Konkola Copper Mines Plc. 

Mr Kamanga said they have concluded investigations in some of the matters pertaining to the case at KCM Plc and charged and arrested Mr. Lungu, for obtaining money by false pretences contrary to section 308 as read with section 309 of the Penal Code Act, Chapter 87 of the Laws of Zambia.

“Mr Lungu was also arrested for theft contrary to section 280 of the Penal Code Act, Chapter 87 of the Laws of Zambia, and money laundering contrary to section 7 of the Prohibition and Prevention of Money Laundering Act No 14 of 2001 as read with the Amendment Act No. 44 of 2010,” he said.

Mr Lungu was recently interrogated by DEC for money laundering and other financial related crimes.  

Meanwhile, Mr Kamanga also said investigations into other matters of interest have reached an advanced stage.

Mr Kamanga disclosed that DEC has received 90 reports of which three were received just before the August 12 elections while 87 were after the elections.

He said verification have been instituted in all the 90 reports and the public will be updated once investigations are concluded.

Mr Kamanga said the public should be patient with the DEC as it carries out investigations as financial crimes are complex in nature and they require the investigators to go through the process of following every transaction to establish how assets, especially money has been moving. 

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