Thursday, March 10, 2011, 13:30

http://www.zambianwatchdog.com/2011/03/10/two-arrested-for-money-laundering/

The Drug Enforcement Commission has arrested two directors of a medical and pharmaceuticals supplying company for money laundering involving over K150 million.

Willmont Tembo, 60 and Lyson Banda 45, in their capacity as directors of Matamose Medical equipment and pharmaceuticals limited swindled an international bank by pretending that they had won a contract to supply medical equipment to one of the government hospitals when in fact not, according DEC Public relations MANAGER Jogn Nyawali.

He said the two forged documents from the hospital to support their claims and were given a loan of K152 million by the bank to help them meet their contract obligation but diverted the money for their personal use.

And Nyawali has revealed that DEC has arrested a 29 year old travel consultant of Lusaka for aiding a suspect to escape from custody by securing bail for him using a forged document.

He said Melanie Mashili forged signatures and an introductory letter from her employers to secure bail for Ritchie Kabamba Muya who was remanded at a remand prison for money laundering activities.

He said Muya is currently on the run and a manhunt has been launched.