PRESS RELEASEDBZ MANAGING DIRECTOR ARRESTED FOR ABUSE OF AUTHORITY OF OFFICEThe Anti-Corruption Commission has arrested the Managing Director at the Development Bank of Zambia (DBZ) for Abuse of Authority of Office involving K 781, 195.78, contrary to the Laws of Zambia.Samuel Mulenga Bwalya, 51, of House no. 28, Sugar Street in New Avondale, Lusaka, has been charged with 12 Counts of Abuse of Authority of Office contrary to Section 21 (1) (a) as read with Section 41 of the Anti-Corruption Act No. 3 of 2012.Details of the offence are that on multiple occasions between 1st May 2020 and 30th July 2021, Bwalya, a public officer, namely, Managing Director for Development Bank of Zambia, did abuse the authority of his office in the manner he arbitrarily directed the payments of school fees for his children using public funds belonging to Development Bank of Zambia, an act prejudicial to the rights and interests of the government, a […]
DBZ MANAGING DIRECTOR ARRESTED FOR DIRECTING THE BANK TO PAY HIS CHILDREN’S SCHOOL FEES LOCALLY AND ABROAD
