K36.5m cash & SEVEN fully furnished double storey flats forfeited
By Brian Mwale
The National Prosecution Authority -NPA- has forfeited 36.5-million kwacha and seven fully furnished double storey flats to the state.
The flats worth over SIX-million kwacha believed to be proceeds of crime are in Lusaka’s Jesmondine area.
The money is from a case relating to a Nigerian national identified as JEFFREY MICHAELS who was running Avalon Logistics Limited and Absolute Limited.
The money believed to be tainted property and proceeds of crime was from the accounts of the two companies which used to record large value transactions and complicated transfers that were not commensurate to the nature of the registered business.
NPA Public Relations Officer CHALI HAMBAYI says the irregular transactions were flagged in the banking system and led to successful investigations and forfeiture to the state.
And Mrs. HAMBAYI says the seven double storey stand alone fully furnished flats with a communal swimming pool worth over SIX-million kwacha have been forfeited after obtaining a consent judgment.
She says the forfeiture of the flats represents a substantial leap forward in combating illicit financial activities.
Mrs. HAMBAYI adds that the forfeiture serves as a compelling example of the meticulous asset recovery efforts undertaken by the NPA in conjunction with the Drug Enforcement Commission -DEC.
She says the consent judgment in this case is a significant development in the NPA’s continuous pursuit to safeguard the country’s assets and promote justice within the Zambian legal landscape.
And Mrs. HAMBAYI says the NPA has also secured a non conviction based forfeiture involving four Toyota Land Cruisers belonging to The Big Tree Investment Limited suspected to be proceeds of crime.
She has told ZNBC News in a statement that the court judgments are an exhibition of the NPA’s dedication and commitment to fighting financial and economic crime.
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