… as records now show that Faith bought Government Bonds, possessed a Bank of Zambia Treasury Bill, farming equipment, television station, and vehicles, among others, all valued at millions of Kwacha
By Scoop Reporter
The Anti- Corruption Commission (ACC) has arrested Margaret Chisela Musonda popularly known as Faith Musonda for possession of property worth over K17 million suspected of being proceeds of crime.
ACC Chief Corporate Affairs Officer spokesperson Timothy Moono says Ms. Musonda, 38, of Kingsland City, Twin Palm Road, Lusaka, has been arrested and charged with 10 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.
Mr. Moono says details in the first count are that between August 1, 2020 and June 31, 2021, Ms. Musonda did possess property number C5, 1#D4-B in Kingsland City in Lusaka valued at K2,341,000. In the second count, between January 1, 2019 and September 30, 2021, she again possessed jewellery valued at K5,500.
He says particulars in the third count are that between January 1, 2019 and September 30, 2021, Ms. Musonda did possess property namely a Tafe tractor, a boom sprayer, a plough and a harrow disc all valued at US$54,844.53.
In the fourth count, between January 1, 2019 and September 30, 2021, she did possess Farm Number F/1504/A in Chisamba valued at K4,600,000. In the fifth count, between January 1, 2020 and September 30, 2021, she did possess Government bond valued at K1,490,000. In count six, Ms. Musonda is charged for being in possession of another Government bond valued at K1,650,000. In count seven, between January 1, 2020 and September 30, 2021, she did possess one Bank of Zambia Treasury Bill with a nominal value of K 1,100,000.
In count eight, between January 1, 2020 and September 30, 2021, Ms. Musonda did possess K1,177,261.54 cash in her fixed Term Deposit Account with Madison Finance. In count nine, Ms. Musonda did possess property number 378A/1 in Lusaka valued at K3,633,000 as Life Television.
In count 10, between January 31, 2016 and September 30, 2021, Ms. Musonda did possess motor vehicles namely a Volvo XC90, A Toyota Allion, a Mitsubishi Canter and an Audi A4, all valued at K520,000.00. Musonda has been released on bond and is expected to appear in court soon.