DEC arrests BY's wife
DEC arrests BY's wifeBy Masuzyo Chakwe
Sat 26 May 2012, 12:45 CAT
THE Drug Enforcement Commission has arrested Benjamin Mwila's wife, Margaret, and a finance manager of Wade Adams Piling and Foundations Zambia Limited for issuing cheques on an insufficiently- funded account and money laundering.
DEC public relations officer Samuel Silomba stated yesterday that Margaret Kakungu Lombe Mwila, 50, of plot number 9721, Chudleigh, Lusaka, was arrested and jointly charged on Wednesday, May 23, 2012 with Hartwell Chazya Sikaundi, 67, a finance manager of flat number 4, Impala Court Northmead Lusaka, for issuing two cheques on an insufficiently funded account.
Silomba stated that this was contrary to Section 33 (I) of the National Payment Systems Act No. 1 of 2007.
He stated that the two, in their capacities as director and finance manager, respectively, of Wade Adams Piling and Foundations Zambia Limited, willfully, dishonestly and with intent to defraud, issued two cheques amounting to K70 million on an insufficiently funded account as payment for two motor vehicles, a Toyota Nadia and a Nissan Datsun from Tokyo Vehicles Limited.
Silomba stated that the suspects would appear in court soon.
On Wednesday, DEC also warned and cautioned Mwila, commonly known as BY, for issuing an undisclosed number of cheques on an insufficiently funded account.
posted by MrK @ 7:10 PM
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