Another female Banker strikes, steals over K500,000

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Phanny Chaponda

Another female have been arrested in a money laundering activities involving over half a million kwacha.

The woman who is an ex-Zanaco of Lundazi in Eastern Zambia has been arrested by the Drug Enforcement Commission (DEC) through its Anti-Money Laundering Investigations Unit.

DEC Public Relations Officer Theresa Katongo has confirm the development in a press statement released July 16, 2019.

She says the suspect is identified as Phanny Chaponda, 34, of House No. RR 15, Kanjala Compound in Lundazi. Ms Katongo says Chaponda has been arrested for theft by public servant and money laundering, contrary to the laws of Zambia.

Particulars of the offence are that Phanny Chaponda on dates unknown but between 1st May, 2017 and 31st December, 2018 in her capacity as an Assistant Preferred Banker at Zanaco Lundazi Branch did steal K573, 910.50 which she fraudulently transferred from various dormant accounts into two accounts she had access to and later withdrew the funds via Automated Teller and Point of Sale Machines.

The suspect further bought two plots in Lundazi and built two houses on one of them. She also purchased a motor vehicle, a Toyota Allion ARB 3604 ZM and a 49 Inch LG LED TV.

Ms Katongo says these properties including several accounts with about K170, 000.00 linked to this fraud were seized during investigations.

The suspect has since been released on Police bond and will appear in court soon.

She becomes the third woman in space of three months to be allegedly involved in a bank theft involving hundreds of thousands of kwacha.

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Start: 2019-07-01 End: 2019-07-31