Milingo Lungu Nabbed For Money Laundering
Provisional Liquidator for Konkola Copper Mines -KCM- MILINGO LUNGU was earlier arrested and charged with money laundering and obtaining money by false pretence but later released on bail as disclosed by Drug Enforcement Commission -DEC- Public Relations Officer MATHIAS KAMANGA during a press briefing in Lusaka today.
Mr. KAMANGA reveals it is alleged that Mr LUNGU 43, between 22nd May 2019 and 15 August 2021 whilst acting with unknown persons engaged in a theft involving 110.4 million Kwacha and 250,000 US dollars. Mr. Kamanga further said Mr. LUNGU is also alleged to have obtained money by false pretence amounting to 2.2-million dollars. Mr. KAMANGA says the money is believed to have come in his possession by virtue of being the provisional liquidator for KCM. He says Mr. LUNGU has since been released on police bond and will appear in court soon.