A 45-year-old Jamaican woman was arrested by the Drug Enforcement Commission (DEC) in Zambia for alleged money laundering activities involving more than US$7 million.
The accused is systems analyst and businesswoman Ingrid Loiten.
Ms. Loiten, who reportedly resides in Johannesburg, South Africa, was arrested more than a month ago and faces multiple fraud charges.
The Sub Saharan Informer, a Zambian newspaper, revealed that the money was deposited in an account with a Zambian commercial bank called Investrust.
DEC public relations and press liaison officer, Rosten Chulu, said the anti-money laundering unit arrested Ms. Loiten, after she claimed the funds came from a genuine source.
Zambian investigators accused Ms. Louiten and other persons of fabricating false Jamaican company documents from which she received approximately US$7 million.
Zambian newspapers reported that Ms. Loiten said the project proposal she intended to implement with the money was supported by family members and financiers from the European Union and Oil Producing Countries (OPEC).
The DEC has seized the funds.
http://www.radiojamaica.com/content/view/7918/26/
Showing posts with label Zambia. Show all posts
Showing posts with label Zambia. Show all posts
on Monday, December 25, 2006
The Drug Enforcement Commission ( DEC) of Zambia has arrested four company executives in Lusaka for money laundering, DEC public relations and press liaison officer Rosten Chulu said in a statement issued in Lusaka Saturday.
They are Barbara Kiwempindi aged 34, John Nyundu, 34, Kennedy Musunka Maini, 33 and Norton Munkondya, 44.
Chulu said Kiwempindi, who is a director of Horizon Properties limited as well as a property consultant, was arrested for forgery, obtaining money by false pretenses, uttering of false documents and money laundering involving 94 million (about 23,500 U.S. dollars).
He said Nyundu, Maini and Munkondya who are chief executive officer, director of administration and director of finance respectively of Logahead Logistics limited, were arrested for forgery, theft by agent and money laundering involving 739,238 dollars.
Chulu warned Zambians against engaging in illegal activities as the long arm of the law will always catch up with them.
Source: Xinhua
They are Barbara Kiwempindi aged 34, John Nyundu, 34, Kennedy Musunka Maini, 33 and Norton Munkondya, 44.
Chulu said Kiwempindi, who is a director of Horizon Properties limited as well as a property consultant, was arrested for forgery, obtaining money by false pretenses, uttering of false documents and money laundering involving 94 million (about 23,500 U.S. dollars).
He said Nyundu, Maini and Munkondya who are chief executive officer, director of administration and director of finance respectively of Logahead Logistics limited, were arrested for forgery, theft by agent and money laundering involving 739,238 dollars.
Chulu warned Zambians against engaging in illegal activities as the long arm of the law will always catch up with them.
Source: Xinhua
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