The Anti-Corruption Commission (ACC) of Zambia has arrested businesswoman Faith Musonda.
According to a statement from the ACC, Miss Musonda has been nabbed over K17 million property belonging to Miss Musonda which is suspected to be proceeds of crime.
Margaret Musonda, 38, of Kingsland City, Twin Palm Road, Lusaka, has been arrested and charged with ten counts of possession of property suspected to be proceeds of crime contrary to section 71 (i) of the Forfeiture of Proceeds of Crime Act No. 19 of 2010.
Details in the first count are that between 1st August 2020 and 31st June 2021, Musonda did possess property number C5, 1#D4-B in Kingsland City in Lusaka valued at K2,341,000.
In the second count, between 1st January 2019 and 30th September 2021, Musonda did possess jewelry valued at K5,500. Particulars in the third count are that between 1st January 2019 and 30th September 2021, Musonda did possess property namely a Tafe Tractor, a Boom Sprayer, a Plough and a Harrow Disc all valued at US$54,844.53.
In the fourth count, between 1st January 2019 and 30th September 2021, did possess Farm Number F/1504/A in Chisamba valued at K4, 600,000.00. In the fifth count, between 1st January 2020 and 30th September 2021, did possess Government Bond valued at K1, 490,000.00.
In count six, Musonda is charged for being in possession of another Government Bond valued at K1, 650,000.00. In count seven, between 1st January 2020 and 30th September 2021, Musonda did possess one Bank of Zambia Treasury Bill with a nominal value of K 1,100,000.00.
In count eight, between 1st January 2020 and 30th September 2021, Musonda did possess K1,177,261.54 cash in her fixed Term Deposit Account with Madison Finance.
In count nine, Musonda did possess property number 378A/1 in Lusaka valued at K3,633,000.00 as Life Television.
In count ten, between 31st January 2016 and 30th September 2021, Musonda did possess motor vehicles namely a Volvo XC90, A Toyota Allion, a Mitsubishi Canter and an Audi A4, all valued at K520,000.00.
Musonda has been released on bond and is expected to appear in court soon.
Keith Mukata’s lonely days to end soon
THE lonely days of former Chilanga lawmaker and once upon a time deputy justice minister Keith Mukata are nearing an end as he moves closer to wedding his gorgeous fiancee Charmaine Musonda. The marriage process was sent into high gear yesterday as Charmaine rounded up the best cooks within her family and circle to help […]
Zim tycoon wins 24-year legal battle against the Bank of Zambia, set to get US$139 million refund
HIGH Court of Zambia has ordered the country’s central bank to pay back US$139M to Jayesh Shah. The High Court of Zambia has ordered the Bank of Zambia to pay back US$139, 191, 386 seized in 1998 to Zimbabwean business tycoon, Jayesh Shah, and his company Al Shams Building Materials Limited. The judgement follows a […]
Did The Students Who Marched To State House Break The Provision Of The Public Order Act?
Debate has generated whether or not the University Students’ Thanksgiving March to STATE HOUSE offended the Public Order Act or indeed the police applied double standards. This is because, not too long ago, police stopped Dr Brian Sampa’s procession for his failure to inform the Police of such a PROCESSION at least 7 days before […]
Viral3 months ago
Reaction As Security Guard Proposed To A Lecturer Inside School Premises (Photos)
HEALTH3 months ago
The Kind Of Curses You Attract To Yourself Whenever You Sleep With A Married Woman
HEALTH2 months ago
Eat garden egg ‘ALWAYS” If You Notice These 5 symptoms
HEALTH3 months ago
Early morning Short prayer that will turn things around for you Every days of your life
HEALTH2 months ago
If You Notice Stretch Marks On Any Of These Part Of Your Body, See What It Means
Sports2 months ago
European club slammed for rejecting €50 million Chelsea bid for 24-year-old midfielder – It’s almost criminal
Viral2 months ago
If You Want God To Answer Your Prayers, Don’t Try These 5 Things
Ghana3 months ago
“I was very mad and I vowed to help Nigerians instead of Ghanaians if I see them in need”- Former Ghana international