SA, Zambia and Zimbabwe join forces to seize two helicopters bought with funds laundered from the Zambian government
In a rare show of cross-border co-operation, the Asset Forfeiture Unit of the National Prosecuting Authority , together with its counterparts in Zambia and Zimbabwe, recovered and seized two helicopters bought in SA with funds laundered from the Zambian government.
The helicopters, worth about R38m, were bought in 2021, after former Zambian foreign affairs minister Joseph Malanji laundered $5m in Zambian state funds earmarked for the purchase of a property for Zambia’s embassy in Turkey...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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