LEBANESE BUSINESSMAN ALI YEHIA ARRESTED FOR $799,950 MUKULA FRAUD
A Businessman of Lebanese Nationality Ali Yehia has been arrested by the Zambia Police for allegedly obtaining $799,950 (approximately K22,000,000) from Mr. Jin Zhao and Mr. Kaziya Simusokwe, both of Lusaka involving a Mukula deal.
Mr Yehia is currently detained at Woodlands Police Station awaiting court appearance and Bond formalities.
According to details it is alleged that the funds were reportedly acquired under the pretext of supplying mukula logs.
However, it was later discovered that Mr. Yehia, in collaboration with his business partner, Mr. Ackson Tembo, had sold the same mukula logs to multiple clients.
In a similar scheme, the duo allegedly obtained an additional $2 million from a Mozambican businessman.
Mr. Yehia has been charged with obtaining money by false pretenses, contrary to Section 309 of the Penal Code Act of Zambia, which states:
In the past, Mr. Tembo has appeared in various courts for mukula-related transactions.
Police Spokesperson Rae Hamoonga is yet to issue an official statement on the matter and efforts to get a comment from him proved futile by Press time.
SE