The Zambian Drug Enforcement Commission (DEC) has produced evidence of money laundering against the two top directors of a Zambian ICT distributor.
This is according to DEC spokesman Rosten Chulu, who says the two cannot be named at this stage.
The Zambian constitution states the DEC is responsible for the probation of money laundering in Act 14 of the Constitution, he says.
The directors allegedly laundered around a billion kwacha (R2 million) through tax evasion, says Chulu.
"The two directors laundered the money back into US dollar and kwacha accounts, instead of remitting the annual 13.5% company tax revenues to the Zambian Revenue Authority," he alleges.
It was after some months of investigation that the DEC was able to hand enough information over to the Zambian police, which saw the two arrested on Wednesday, says Chulu.
The directors are imprisoned and awaiting trial, he adds.
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