Three (NHEF) Directors Arrested for Money Laundering Involving K36, 000,000.

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THREE National Housing Empowerment Fund (NHEF) directors have been arrested for money laundering involving K36, 000,000

Drug Enforcement Commission (DEC) pupublic relations officer Hussein Khan said the Commission through its Anti-Money Laundering Investigations Unit has jointly charged and arrested Kamphembele Ngulube a male aged 49 years, Margaret Mabingo a female aged 46 years and Lusuntha Ngulube a male aged 46 years of 168 Acacia Drive Roma Park, Lukasha Flats in Kabulonga and Plot 30029 Twapia Ndola respectively.

Mr Khan said the three who are also shareholders of NHEF have been arrested and charged for obtaining money by false pretences and money laundering.

He said the while acting together with other persons unknown on dates unknown but between 1st January 2020 and 30th September 2022 with intent to defraud allegedly obtained money amounting to K36, 000,000.00 from members of the public on the pretext that NHEF had plots for sale in an area called “Riverdale City” situated in Lusaka’s Leopards Hill Area when in fact not.

“Members of the public paid for these plots believing that they were genuine plots for NHEF,” he said.

Mr Khan said in the course of investigations, the Commission seized 18 motor vehicles and froze several bank accounts.

“The suspects are on bond and will appear in court soon,” he said.