The Anti- Corruption Commission has arrested a Lusaka Businessman for possession of property worth over K12 million suspected of being proceeds of crime.
Francis Muchemwa, 38, of L/26392/M in Silverest area Chongwe, also popularly known as Commander Two, has been arrested and charged with five counts of possession of property suspected to be proceeds of crime contrary to section 71 (i) of the Forfeiture of Proceeds of Crime Act No. 19 of 2010.
Details in the first count are that between 1st January 2015 and 31st August 2022, Muchemwa did possess property number L/26392/M, a dwelling house valued at K2,500,000.00 located in Silverest area, Chongwe. In the second count, between 1st January 2015 and 31st August 2022, Muchemwa did possess property number L/26395/M apartments valued at K4,500,000.00 in Silverest area, Chongwe.
Particulars in the third count are that between 1st January 2015 and 31st August 2022, Muchemwa jointly and whilst acting together with Friltech Networks Zambia Limited, did possess property number L/28477/M/H and L/28477/M/J valued at K3,400,000.00 located in Silverest area in Chongwe.
In the fourth count, Muchemwa jointly and whilst acting together with Altitude Properties Limited, between 1st January 2015 and 31st August 2022, did possess FAW Truck registration number BAR 9059zm valued at US$62,000.00. In the fifth count, Muchemwa jointly and whilst acting together with Altitude Properties Limited, between the same period, did possess FAW Truck registration number BAR 9058zm valued at US$62,000.00.
Muchemwa was in the sixth count charged with failure to comply with the provisions of the Income Tax Act contrary to Section 99 (f) as read with Section 98 of the Income Tax Act Chapter 323 of the Laws of Zambia. Particulars being that Muchemwa and The Frill Pub and Grill, between 1st January 2011 and 31st August 2022, did fail to comply with the provisions of the Income Act.
Muchemwa has been detained in police custody and is expected to appear in court soon.
