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Police institute investigations in fraud case

NANCY SIAME, Lusaka
POLICE have instituted investigations to bring to book unknown people alleged to have forged a Lusaka businessman’s signature on a letter of guarantee.
A letter of guarantee is a document issued by the bank that ensures a supplier gets paid for the goods or services provided to a company in an event that the company itself cannot pay.
According to the police fraud and financial investigations unit progress report, documents dated August 17, and accessed by the Daily Mail, have revealed that unknown people allegedly forged a signature for Dimitrois Monokandilos which was used on a letter of guarantee to then Finance Bank.
According to police documents, on May, 4, 2018, the Lusaka Division anti-fraud unit received a complaint from Dimitrois Monokandilos of plot number 396/a, Lusaka, that unknown persons forged a letter of guarantee dated November 28, 1995, purporting to show that it was genuinely issued, when in fact not http://epaper.daily-mail.co.zm/

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