DEC probes 16 cases highlighted in FIC Report
The Drug Enforcement Commission says it is investigating sixteen cases highlighted in the 2018 Financial Intelligence Report.
DEC Public Relations Officer Theresa Katongo has told Diamond News that the commission will release the names of those involved, once investigations have been concluded.
According to the report, Zambia incurred estimated losses to financial crimes amounting to 6.1 billion Kwacha in 2018.
The centre analysed 176 suspicious transaction reports of which 80 were disseminated to law enforcement agencies, covering tax evasion, fraud, corruption and money laundering.
However, President Edgar Lungu has dismissed the content of the report, suggesting that whom the report identifies as politically exposed is not a minister in his government and that no names have been disclosed.
Transparency International Zambia has condemned the president’s reaction to the report saying he is defending wrongdoers.