Three ​cryptocurrency traders arrested in Lusaka for allegedly laundering K28 million

THREE Directors of Heritage Coin Resources Limited have been arrested and jointly charged by the Drug Enforcement Commission (DEC) for allegedly laundering K28 million.
The trio was arrested for providing banking business, financial business or financial services without a licence, conducting or participating in a money circulation scheme, and for obtaining money by false pretenses and money laundering activities.
DEC Assistant Public Relations Officer Chibu Mwansa Tembo named those arrested and jointly charged as Hilda Agnes Raubenheimer, 35, a Business woman of Salama Park, Orient Rio Zekko, 29, a Secretary of Plot No. 1468/20/01 Ibex Hill and Tapiwa Chirwa, 40, a Managing Director of House No. 1245 Avondale.
Particulars of the offence are that the suspects, on dates unknown but between 1st June, 2018 and 15th October, 2018 jointly and whilst acting together with other persons unknown did provide banking business, financial business or financial services to the general public without a license, by collecting deposits from the public disguised as partnership fees and conducted or participated in a money circulation scheme involving K 28,346,800.00.
Tembo said the trio purported that the company was investing the money collected as partnership fees from the public into Cryptocurrency trade on the web on behalf of the partners when in fact not.
She said the trio further alleged obtained money by false pretenses and engaged into money laundering activities involving K 28,346,800.00 by collecting the said amount from members of the public and depositing into the company’s accounts, thereby, engaging directly or indirectly in business transactions that involved proceeds of crime.
Tembo said the three suspects are currently on Police bond and will appear in court soon.

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