The Drug Enforcement Commission via its Anti-Money Laundering Investigations Unit has arrested and charged seven (7) Directors who come with 4 (04) from Ono Initiative Limited and 3 (03) from COMSAVE Credit Union for cash laundering comparable offences involving K69.4 million.
DEC Public Officer Theresa Katongo says the 4 (04) Directors of Ono Initiative Limited are recognized as Isaac Mvula, male elderly 40, Ackim Mugala, male elderly 39, Khuna Ncheema, male elderly 65 and Chuunya Chilala, feminine elderly 34.
Ms Katongo explains that details of the offence are that on dates unknown however between 1st December, 2018 and twenty first July, 2020 the 4 (04) Directors of Ono Initiative restricted collectively and while performing at the side of different individuals unknown did habits and supply monetary products and services and not using a license via receiving deposits from most people and issuing loans.
She says,additional, additionally they engaged in a cash move scheme the place they marketed to most people for other people to save lots of with Ono Initiative restricted for a predetermined go back below the guise that individuals had been becoming a member of a village banking team when in truth no longer.
Ms Katongo in a observation to WAVE FM information says via this misrepresentation, they received ZMW 22, 576,772.00 from individuals of most people and additional engaged in cash laundering actions via the use of proceeds of crime to shop for thirty 3 (33) automobiles and twenty seven (27) properties.
Similarly, the 3 (03) Directors of COMSAVE Credit Union recognized as Muleka Given, male elderly 29, Onester Sondashi, feminine elderly 33 and Collins Chilufya, male elderly 42 carried out and equipped monetary products and services and not using a license via receiving deposits from most people and issuing loans. They additionally marketed to the general public for other people to save lots of with COMSAVE Credit Union for a predetermined go back below the guise that individuals had been becoming a member of a village banking team when in truth no longer.
She fees that via this misrepresentation, they received K46, 823, 545.04 from individuals of most people.
According to DEC, the trio did have interaction in cash laundering actions via the use of proceeds of crime to procure assets specifically: two (02) Mercedes Benz, D2 Buses, 01 Toyota Runx, 01 COMSAVE School in Mazabuka and any other in Monze.
Ms Katongo says the seven (07) who’re these days on police bond had been charged for cash laundering, engaging in and offering monetary products and services and not using a license, engaging in a cash move scheme, acquiring cash via false pretenses and being in ownership of assets rather suspected to be proceeds of crime.
The suspects are anticipated to look in court docket quickly.