Trial in a matter involving Zambia Must Prosper President, Kelvin Bwalya Fube, commonly known as KBF has failed to take off at the Lusaka magistrate court.
In this matter, Fube, 59, is charged with money laundering and failure to report a suspicious transaction.
He was jointly charged with Beauty Chama, 39, a data clerk of Jack Compound, Ibrahim Mitha, 35, of Emmasdale, Hassan Hanif Mitha, 28 and Bwalya Chitalu Kalandanya, 47 of Olympia, all businessmen.
The matter came up for plea on Thursday before magistrate Kaunda Sakwanda. However, the accused persons could not take plea because one of the accused persons was unwell.
In count one, Chama was charged with possession of property reasonably suspected of being proceeds of crime contrary to Section 71(1) of the Forfeiture of Proceeds of Crime Act No. 19 of 2010 of the Laws of Zambia.
In count two, Fube, Mitha, Hanif Mitha and Kalandanya are charged with Money Laundering Contrary to Section 7 of the Prohibition and Prevention of Money Laundering Act No. 14 of 2001 as Read with Section (3) (b) (i) and (iii) Of the Amended Act NO. 44 OF 2010 of the laws of Zambia.
In count three, Fube was charged with Failure to report a suspicious Transaction Contrary to Section 29 as read with section 45 of the Financial Intelligence Centre Act NO. 45 OF 2010 of the laws of Zambia.
It was alleged in count one that Chama, on dates unknown but between March 1, 2017 and February 28, 2022 in Lusaka, jointly and whilst acting together with others unknown did possess seven flats at stand No. JES/ 118 situate in Jesmondine valued at K6,125,000.00 property reasonably suspected of being proceeds of crime.
In count two, it was alleged that Chama, Mitha, Hanif Mitha, Kalandanya and Fube on dates unknown but between March 1, 2017 and February 28, 2022 in Lusaka jointly and whilst acting together, with other persons unknown, did engage directly or indirectly in a transaction that involved proceeds of crime.
Details in the last count, Fube on dates unknown but between January 1, 2022 and June 30, 2022 in Lusaka jointly and whilst acting together with other persons unknown, did negligently fail to submit a suspicious report to the centre.
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