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FINDLAYS NABBED

…for money laundering offences involving over K390 million

By NATION REPORTER

FORMER President Edgar Lungu’s associate Valden Findlay and his wife, Dessislava Findlay, have been arrested and charged for money laundering offences involving over K390 million.

Drug Enforcement Commission spokesperson Mathias Kamanga confirmed their arrest yesterday.

Mr Kamanga said the DEC through its Anti-Money Laundering Investigations Unit charged Dessislava Findlay and Harry Findlay for Money Laundering contrary to Section 7 of the Prohibition and Prevention of Money Laundering Act No. 14 of 2001 as amended by Act No. 44 of 2010.

Mr Kamanga said details were that Dessislava Findlay and Harry Findlay, in their capacity as Directors in Twatotela Properties Ltd jointly and whilst acting together with other persons unknown did receive money amounting to K386, 000. 000 through Findlay and Associates Law firm.

He said this happened on dates unknown but between January 1, 2016 and December 31, 2021, money reasonably suspected to be proceeds of crime.

Mr Kamanga said Dessislava Findlay was also charged and arrested in connection with a K4, 110, 256.03 gratification paid to a known former government official, contrary to Section 29 of the Anti-Corruption Act No. 3 of 2012 of the Laws of Zambia.

He said the arrests follows the conclusion of investigations that the DEC had been conducting which led to the seizure of over K40 million last year.

And Mr Kamanga said the suspects are on police bond but will appear in court soon.

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