Editor's PickPower and Politics

Anti-graft agency swoops on 18 Finance Ministry officials in alleged K31.8 million money laundering scam

0

The Anti-Corruption Commission (ACC) has restricted the treasury bills and bonds held by 18 officials from the Ministry of Finance and Auditor General’s Office with a total value of K31.8 million.

These treasury bills and bonds are held at the Bank of Zambia.

Giving highlights of the first quarter of 2023 at a media briefing on Thursday in Lusaka, ACC Spokesperson, Timothy Moono, said the Commission so far made 18 arrests in the matter in which it is investigating alleged abuse of office against officials from the Ministry of Finance.

Moono said investigations have revealed that officials from the Ministry paid themselves allowances on fictitious activities between 2020 to 2021 causing government to lose over K300 million.

He said in addition the Commission has restricted over 100 bank accounts for the Ministry of Finance officials.

“The ultimate goal is to ensure that corruption is not tolerated in our society and the levels of corruption are reduced to the barest minimum. Over the past three months, the Commission has been working hard towards executing its mandate. Numerous corruption cases are under investigation while several other cases are before the courts of law,” Moono said.

He also revealed that the Commission is in the process of opening offices in 12 more districts across the country and these will include Ndola, Chinsali, Serenje, Nakonde, Chililabombwe, Sesheke, Petauke, Lundazi, Kawambwa, Mpulungu Kasempa, and Mwinilunga.

Read More:Golden Party alleges systematic stealing of state resources by UPND, govt officials

Moono said this move will also ensure that Commission services become more accessible to members of the public away from the provincial centers.

“The Commission further wishes to recognize the support of its cooperating partners and is particularly elated with the announcement made recently by the United States of America Vice- President Kamala Harris that the United States will provide financial support amounting to US$16million toward the fight against corruption and allied programmes,” he said.

Moono said Harris made this announcement during her maiden state visit to Zambia.

WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.

Zambia, other debtor countries hold roundtable debt restructuring talks in Washington

Previous article

‘Don’t be cry babies’, ruling UPND urges PF to stop raising the alarm on use of violence in campaigns

Next article

You may also like

Comments

Leave a reply

Your email address will not be published. Required fields are marked *