MILINGO LUNGU PLEADS NOT GUILTY TO THEFT AND MONEY LAUNDERING CHARGES
Lusaka lawyer Milingo Lungu has pleaded not guilty to two counts of theft and money laundering charges involving K4, 4000 000.
He appeared before Lusaka senior resident magistrate Felix Kaoma for plea this morning.
In the first count, Lungu is charged with theft contrary to the Laws of Zambia.
It is alleged that the accused on dates unknown but between May 22, 2019 and September 28, 2021 in Lusaka, being a provisional liquidator stole K4, 400,000 million, the property of Konkola Copper Mines (KCM) PLC.
In the second count, the accused is charged with money laundering contrary to section 7 of the prohibition and prevention of money laundering Act, contrary to the Laws of Zambia.
It is alleged that on the same dates, in Lusaka, Lungu transferred K4, 400,000 knowing or having reasons to believe the same to be proceeds of crime.
When Lungu’s case was called, prosecutor Sipholiano Phiri told magistrate Kaoma that the case was coming up for plea and possible commencement of trial.
Magistrate Kaoma then read out the charges to the accused who pleaded not guilty to both of them.
The case has since been adjourned to November 29, for commencement.
In this case, Lungu is represented by lawyers Sakwiba Sikota State Counsel from Central Chambers, Moses Chitambala of Lukona Chambers, Makebi Zulu and Jonas Zimba both of Makebi Zulu advocates.
Those prosecuting the case include Gamaliel Zimba, deputy chief state advocate, Maggie Simuchimba senior state advocate, Gracilia Mulenga principal state advocate all from the taxation and financial crimes department of National Prosecutions Authority (NPA).
Credit: The New Dawn Newspaper