FIVE INDIVIDUALS ARRESTED FOR FAKE COUNTERFEITS NOTES

By Daily News Reporter

The Drug Enforcement Commission (DEC) in Lusaka has arrested five (5) individuals for trading in counterfeit notes amounting to over USD 475,000 and over ZMW 49,000.

The five (5) who include three (3) Zambians, one (1) Ugandan, and one (1) Burundian have been identified as follows:

• Simon Mugabe, male, aged 47, residing in Chaisa compound, Lusaka

• Undikubwayo Allain Diomede, male, aged 45, residing in Emmasdale, Lusaka

• Chibwe Mulenga, female, aged 61, residing in Kamwala South, Lusaka

• Musonda Bwalya, female, aged 60, residing in Rhodes Park, Lusaka, and

• Edwin Mando, male, aged 32, residing in Kamwala, Lusaka.

Mr Edwin Mando, 32 of Kamwala in Lusaka was arrested for trading in ZMW 49,700 counterfeit notes whereas the four have been jointly arrested for trading in USD 475,800 counterfeit notes. 

The Commission has observed a trend of counterfeit notes suspected to be manufactured in East Africa coming into our country. DEC Director General Nason Banda has, therefore, warned that the institution is on high alert and shall not relent to criminalities such as these weakening the economy.

Meanwhile the Commission has made a significant breakthrough in the relentless fight against economic and financial crimes following a successful forfeiture of ZMW 2,120,104.21 from Shadreck Bwalya Zulu's account held with a known banking institution. This follows a judgement by the High Court in Lusaka which granted a non-conviction based forfeiture after an application by the National Prosecutions Authority.