Lusaka businessman dragged to court for allegedly obtaining K3 million by trick, fraudulent disposal of mortgaged goods

A 34-year-old businessman of Lusaka’s Salama Park area has been dragged to the Lusaka Magistrates’ Court for alleged fraudulent disposal of mortgaged goods and obtaining money amounting to more than K3 million by falsely pretending that he was selling a house.

Thomas Banda, who appeared before Magistrate Trevor Kasanda, is charged with 12 counts of obtaining money by false pretense contrary to Section 309 of the Penal Code Chapter 87 of the laws of Zambia.

He is also facing one count of fraudulent disposition of mortgaged goods contrary to section 288 of the Penal Code Chapter 87 of the laws of Zambia.

He,however, denied all the charges.

Magistrate Kasanda set April 22 and 23,2024, for trial.

It is alleged that between January and November, 2023, in Lusaka, with intent to defraud and being a mortgagor of a mortgaged property Lot no.L3742, did dispose of the said property without the consent of the mortgagee, Pulse Financial Services.

He is alleged to have committed the said offences between 2022 and 2023 in Lusaka.

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