Anti-graft agencies secure forfeiture of over K2 million wired into account owned by Zambian

The National Prosecution Authority (NPA), in collaboration with the Drug Enforcement Commission (DEC), has secured the forfeiture of over K2 million from a Zambian national, Shadreck Zulu, held with a premier banking institution.

The Authority said this achievement stems from a meticulous investigation initiated by the bank, which identified suspicious transactions within the cited account, prompting immediate flagging.

According to a statement issued in Lusaka on Thursday by the NPA Public Relations Office, a total of K2,120,104.21 was seized from the account.

“On the December, 1, 2023, the High Court at Lusaka delivered a significant judgment in this matter,” reads the statement.

The Authority noted that in the judgment, the court, after a comprehensive examination and consideration of all evidence, granted a Non-Conviction Based Forfeiture Order to the Applicant, the Director of Public Prosecutions (DPP).

It said the decision aligned with international legal standards.

“Analysis uncovered Zulu’s use of a forged National Registration Card (NRC) to open the account and receive funds from the Cayman Islands,” the NPA said.

The Authority stated that despite facing serious allegations, Zulu declined to respond during interrogation and did not contest the forfeiture application.

Read More: Anti-Corruption Commission seeks forfeiture of K18 million properties belonging to journalist Musonda

It said that this triumph underscored the importance of all stakeholders to work together in a concerted effort to ensure that criminals are left with nowhere to hide.

“The NPA, DEC and banks wish to pledge their continued unfailing commitment to timely interventions in addressing illicit financial transactions, exemplifying their dedication to combating money laundering and ensuring accountability in financial transactions,” the Authority said.

The NPA expressed gratitude for the collaboration of all involved parties, emphasising the importance of collective efforts in the pursuit of justice.

WARNING! All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express permission from ZAMBIA MONITOR.