Members of the public who have been swindled by a money circulation scheme, Destiny Helpers International (DHI), will soon get their money.
This follows the intervention by the Bank of Zambia (BoZ) which has started the process of consolidating and validating claims by depositors of DHI for the purposes of paying back affected depositors.
According to the bank, the recoveries of both physical cash and proceeds from the sale of DHI properties would however determine the proportion of the payment that each depositor would receive.
“This exercise is being undertaken in conjunction with the Drug Enforcement Commission (DEC) and is pursuant to the successful prosecution of DHI by the DEC, which resulted in the forfeiture of properties suspected to be proceeds of crime.
“In its judgment, the Court directed BoZ to superintend over repayments to affected depositors,” the Central bank stated.
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DEC last year froze its accounts.
The Commission took the company to court demanding for over K1 million cash and other company properties be forfeited to the state because they are tainted assets.
Among the assets the DEC wants forfeited are accounts holding over US$18,700 and close to K1.1 million along with laptops.
The company was accused of defrauding more than 74,000 Zambians who were lured into a savings group with the promise of receiving grants worth more than 100% of membership fees.
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