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The Drug Enforcement Commission (DEC) has arrested a Congolese national and a Zambian for being in possession of counterfeit notes amounting to US$129,700.
Public Relations Officer, Hussein Khan, confirmed the arrest of the two to Zambia Monitor in Lusaka on Tuesday.
Khan said the Commission in Lusaka has jointly charged Adolf Shimbobo, aged 43, and Macmillian Hamunene, aged 38, for being in possession of counterfeit notes contrary to section 358 of the Penal Code Chapter 87 of the Laws of Zambia.
“In addition, two motor vehicles have been seized in relation to this matter these are; a Toyota Mark X registration number BAZ 2852 and a Toyota Allion registration number BAX 9718,” he said.
In a related development, Khan said the Commission in Chipata has charged and arrested a Malawian national Emmanuel Nkhoma aged 36 for possession of counterfeit notes amounting to K33, 500.
He said the suspects were detained in lawful custody and would appear in court soon.
“The Commission would like to state that counterfeit currency disrupts the normal functioning of the economy. Businesses may suffer losses when they unknowingly accept counterfeit notes, as they cannot be reimbursed for their value,” Khan said.
He said this could lead to reduced profits and financial instability and individuals may also be defrauded of their hard earned funds in exchange for worthless pieces of paper.
He advised all players in the financial space to seek sensitisation on the identification of counterfeit notes from the relevant authorities.
“In addition, we wish to caution the members of the pubic to guard themselves from being duped by conmen who promise to multiply their money through unclear procedures which are just fraudulent,” Khan said.
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