The Anti-Corruption Commission has arrested the former Citizens Economic Empowerment Commission (CEEC) Finance Director Dean Chanda and the Director of Schubert Investments Ltd Schubert Musonda for Corrupt practices involving K1000.00
The two have been charged and arrested contrary to Section 19(1) and 19(2) respectively as read with section 41 of the Anti-Corruption Act No. 38 of 2010.
In count 1, details are that between 1st June, 2010 and 30th June, 2010, Dean Chanda, 46, of Plot Number 7264/M Makeni, in Lusaka corruptly obtained K1, 000.00 cheque gratification from Schubert Investment Ltd as a reward for himself for having facilitated for the issuance of a Citizens Economic Empowerment Commission loan to Schubert Investments Ltd.
In count 2, details are that between 1st June 2010 and 30th June 2010 Schubert Musonda, 42, of House Number 29, Ndeke Village in Kitwe jointly with his Company Schubert Investments Ltd, corruptly gave K1, 000.00 cheque gratification to Dean Chanda for having facilitated the issuance of a loan to Schubert Investments Ltd.
Mr. Chanda and Mr. Musonda who have since been released on Bond will appear in court soon.
Timothy Moono
PUBLIC RELATIONS MANAGER
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