Former MTN employee nabbed for alleged money laundering

THE Drug Enforcement Commission’s (DEC) anti-money laundering investigations unit has arrested a former MTN employee for alleged money laundering involving over K1.7 million.
DEC public relations officer Theresa Katongo said in a statement issued yesterday that Fernando Malambo, 30, an accountant of house number 15 Massa Street, Libala Stage 4B in Lusaka, has been arrested for alleged theft by servant, fraudulent false accounting, unauthorised interference with data and money laundering.
Ms Katongo said it is alleged that Malambo in his capacity as financial officer for payroll and controls at MTN,  on dates unknown but between January 1 and June 30 last year jointly and whilst acting together with other persons unknown, stole  K1,780,667.64 from  MTN.
“It is alleged that the suspect engaged in acts of fraudulent false accounting in his capacity as creator of salaries and other payments on the MTN integrated banking system,” Ms Katongo said.
Ms Katongo also said it is alleged that Malambo interfered with data on the MTN payroll system fraudulently by modifying data to suit him.
“The suspect did as well engage directly or indirectly in money laundering activities using proceeds of crime,” Ms Katongo said.
She said Malambo allegedly bought seven motor vehicles worth K141,269,080, which DEC has seized.
Ms Katongo said two bank accounts belonging to Malambo with balances of US$41,332.61 and K149, 272.34, respectively have also been frozen.
Ms Katongo said trial in Malambo’s case has been set for March 5 this year.


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