DEC arrests couple for K1.4 million fraud, cautions against Ponzi schemes


The Drug Enforcement Commission (DEC) has arrested a director and an employee of Gloryland Connections Limited for fraud and money laundering amounting to K1,392,000.

DEC Public Relations Officer, Hussein Khan, said the Commission had jointly charged, John Mwendapole, and his wife Esther Namfukwe for obtaining Money by False Pretences contrary to section 309 of the Penal Code Cap 87 of the Laws of the Zambia,

Khan said in a statement issued in Lusaka on Wednesday.

He said the duo were arrested for providing banking business, financial business or financial services without a licence contrary to section 6 (1) (2) of the Banking and Financial Services Act No. 7 of 2017 of the laws of Zambia,

“Possession of Property Suspected of Being Proceeds of Crime contrary to section 71 of the Forfeiture of Proceeds of Crime Act number 19 of 2010 of the Laws of Zambia and Money Laundering contrary to section 7 of the Prohibition and Prevention of Money Laundering Act No. 14 of 2001 as amended by Act number 44 of 2010 of the Laws of Zambia,” Khan said.

He said Mwendapole aged 48 and Namfukwe aged 35 being a director and employee respectively of Gloryland Connections Limited on dates unknown but between September 15, 2022 and September 5, 2023, in Kabwe collected money from members of the public amounting to K1,392,000.

Khan said this was disguised as payments towards contract farming by purporting that Gloryland would produce, grow and market broilers, village chickens, pigs and chili for the clients for periods ranging from 12 weeks to 14 months when in fact not.

“In addition, Gloryland did not own or lease any farms wherein such agricultural activities could be carried out,” he said.

Khan said in the course of investigations, the Commission seized cash amounting to K46, 080 and two motor vehicles, a Lexus bearing registration number BCB 6726 and a Nissan Cube, registration number BAZ 7417.

He said the couple have been released on bond and would appear in court soon.

Khan said in another matter, the Commission in Lusaka arrested two scientists for drug trafficking.

“Nsoni Mpulamasaka aged 38 and Musenga Ngambi aged 27 have been jointly charged for trafficking in Psychotropic Substances namely 111 grammes of cannabis contrary to section 15 of the Narcotic Drugs and Psychotropic Substances Act number 35 of 2021 of the Laws of Zambia,” he said.

Khan said the two are detained in lawful custody and would appear in court soon.

Read More:Drug Enforcement Commission arrests five Egyptians, six Zambians for alleged espionage

He said the Commission was concerned with the mushrooming of money circulation schemes commonly known as ponzi or pyramid schemes in the country.

“In this vein, it is calling on members of the public to exercise the utmost caution as well as do the necessary due dilligence when it comes to matters of investments,” Khan said.

He said money circulation schemes promise heaven on earth but were all about hubris and deceit and that the public should always bear in mind that not all that glitters was gold.

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