Anti-graft agency investigating suspected case of K28 million money laundering scam —Shamakamba

The Anti-Corruption Commission (ACC) has announced that it is currently investigating a fraud-related case involving K28 million rebased from a person who appeared from “nowhere.”

ACC Director General, Thom Shamakamba, made the announcement on Wednesday in Lusaka at the Zambia Fraud Symposium.

Shamakamba said the commission was shocked that a person showed up from nowhere with K28 million rebased.

He said the commission, had therefore, restricted that money by putting it into government treasury bills.

“Currently, ladies and gentlemen I would even like to inform you that there is one person we have been investigating who all of a sudden has K28 million rebased. The money is sitting in treasury bills, we have restricted that money. From nowhere the guy shows up with that money,” Shamakamba said.

Read more: Sean Tembo joins calls demanding govt to account for K65 million reportedly recovered by anti-graft agency

He announced that more details would be given about the matter in due course.

Shamakamba said it puzzled the commission that someone who had as low as K2 to his name suddenly had millions of Kwachas and dollars accrued to him or her.

He said this was where the financial institutions came in to provide the historical information relating to the bank accounts of such customers.

At the same function, the Financial Intelligent Centre (FIC) Director General, Leah Tembo, expressed concern at the errors in the Mobile Network Operators (MNOs) in terms of fraud alert.

“There is room for supervisors to engage mobile money operators. I think our focus has continued to be such on the financial sector and yet we are seeing a lot of flaws in the MNO sector.

“But when you look at how resources they are in terms of being able to put the type of prevention measures required to the amount of flows that we are now seeing we have not had that assurance so there is need to engage with this sector,” Tembo said.

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