By REBECCA MUSHOTA –
TWO Lusaka bankers have been arrested by the Drug Enforcement Commission (DEC) for money laundering activities involving more than K400,000.

. Katongo

DEC public relations officer Theresa Katongo said in a statement yesterday that through its Anti-money laundering investigations unit, two bankers have been arrested in separate incidences for money laundering activities involving more K400,000.
Mubiana Mubiana, 37, a banker at a local bank residing at 9812/47 Moses Chikwalakwala Road in Nyumba Yanga, Lusaka has been arrested for unauthorised interference with data, theft and money laundering.
Mubiana Mubiana, an IT system administrator, between January 1, 2014 and January 1, this year, while working with others allegedly stole money amounting to K263, 500 from his employers, thereby depriving them permanently.
Furthermore, Mr Mubiana did engage directly or indirectly in money laundering activities by acquiring a Mercedes Benz ML 320 and other properties from the said money.
In a related development, the Commission has arrested Robinson Hakuyu, 40, a banker of a named international bank for theft by servant and money laundering contrary to the laws of
Robinson Hakuyu between September 1, 2014 and March 31 2015 with other persons with intent to defraud stole US$20, 029. 30 equivalent to K 155, 213.02 from 10 different customer dollar accounts and K36, 418.50 from nine different customer kwacha accounts.
He later laundered the said funds by purchasing a Toyota Hiace which has since been seized by the Commission.
Meanwhile, the DEC has arrested Kuang Xingchun a 28-year-old Chinese for unlawful possession of biological resources (mukula logs) and corrupt practices contrary to the laws of Zambia.
Kuang Xingchun June 1, 2014 and March 31, 2015 was found in possession of 1, 124 logs of mukula without lawful authority.
In count two, the suspect on March 25, 2015 gave public officers K15, 000 as a bribe in order to close his case.
All the three suspects are on police bond and would appear in court soon.