KCM transferred K4.4 million to Milingo’s company via 3rd party, witness tells court

A WITNESS has told the Lusaka Magistrates’ Court that Konkola Copper Mines transferred K4.4 million into an account belonging to Muya and Company which later paid the money to a company belonging to Milingo Lungu. This is a matter in which KCM provisional liquidator Milingo Lungu, 43, is charged with theft and money laundering. In count one, it is alleged that Lungu between May 22, 2019 and September 28, 2021, being a provisional liquidator for Konkola Copper Mines, stole K4.4 million, the property of Konkola Copper Mines PlC. In the second count, it is alleged that during the same period, Lungu transferred K4.4 million, knowing or having reasons to believe the same to be proceeds of crime. When the matter…...