DIRECTOR DOCKED OVER $200, 000

Share this article

By ENOCK KADEMAUNGA

A director of Vikaram Investments Limited has appeared in the Lusaka Magistrate’s Court for allegedly stealing US$200, 000 from the company.

In this case Yaddula Vinod, 40, a businessman of 10- Miles on  Great North Road in Lusaka, is charged with theft by directors contrary to section 279 of the Penal Code Chapter 87 of the Laws of Zambia.

It is alleged that between January 1, 2017 and December 11, 2018, in Lusaka, being a director of Vikaram Investments Limited, Vinod stole US$200, 000 (about K2.78million current exchange rate) from the same company.

Vinod who is in police custody appeared yesterday before Chief Resident Magistrate Lameck Mwale.

Taking plea, Vinod denied the charge and through his lawyer Mulambo Haimbe, applied for bail pending trial.

Magistrate Mwale granted Vinod bail in the sum of K20, 000 cash with two working sureties bound in the sum of K50, 000 in their own recognizance.

The matter has been adjourned to January 28, 2020 for commencement of trial.

Meanwhile, a police officer, male nurse and three others have been charged with assault  occasioning actual bodily harm to two people.

Accused in this matter are Richard Ng’andu, 31, a supervisor of Kabangwe, Mathias Zulu, 38, a police officer of Matero North and Chibinda Hamoonga, a nurse of Matero East, Tom Mundebele, 33, a mechanic of Garden Township and Gift Mumba, 32, a mechanic of Matero East.

It is alleged that on December 17, 2019, the five assaulted Genny Moyo and Fales Kayezya and occasioned them actual bodily harm.

The five who are on police bond were not before court when the case came up for allocation before Magistrate Mwale.

In another matter, a businessman of Lusaka’s Kabanana area has been charged with personating a police officer and theft of K400.

Allegations are that on January 3, 2020 in Lusaka, David Banda, 46, impersonated himself as a public officer, namely a police officer in the Zambia Police Service.

In the second count, it is alleged that on the same day, Banda stole K400 from Jackson Mumba.

When the matter came up for allocation, Banda who is in police custody was not before court. He would be appearing before Magistrate Albert Mwaba for proceedings

Leave a Reply

Your email address will not be published. Required fields are marked *

%d bloggers like this: