ACC Restricts property worth ZMW400 Million

ACC moves in -April 13th 2023

BY Raphael Banda

ACC RESTRICTS PROPERTIES WORTH OVER K400 MILLION

The Anti-Corruption Commission (ACC) has revealed that it has seized and restricted properties worth over K400 million in its current crusade against graft.

Giving a quarterly report for the first quarter of 2023, the commission said as at March 31, the commission was investigating over 1,000 corruption cases.

“During the quarter, the Commission received a total of 113 reports of suspected corruption. Of these cases, 110 reports contained elements of corruption and were authorized for investigations, while three were pending further action. 28 arrests were also affected during the quarter. As at close of the quarter, the Commission had 1,341 cases under investigations,”ACC Public Relations Manager Timothy Moono said in a statement.

He highlighted the conviction of Former Development Bank of Zambia (DBZ) Managing Director, Samuel Bwalya as among the key points in the first quarter.

“The Commission also recorded a conviction of the former Development Bank of Zambia (DBZ) Managing Director, Samuel Bwalya who was sentenced to 15 months imprisonment with hard labour in which he was charged with abuse of authority of office involving over K780,000.00.At the end of the quarter 43 Criminal cases and 15 Civil cases were before the courts of law. One case was appealed and there were no acquittals recorded. So far, the total estimated value of properties restricted or seized whose cases are either in court or still under investigations is Four Hundred Seventy Seven Million, Four Hundred Twenty Five Thousand, Seventy-One Kwacha (K477,425,071.00),”said Mr Moono.

He said the commission is on the verge of opening offices in 12 more districts across the country in line with their 2023 resolution to intensify efforts in combating corruption with a focus on asset tracing, recovery and prosecution of offenders.

Source - Spice FM

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