Zambia’s Asset Forfeiture Triumph – ZMW 58 Million in Gold and $200,000 in Cash Seized Following Major Conviction
In a significant development in Zambia’s battle against financial crime, the State has successfully secured the forfeiture of ZMW 58 million in Gold, $200,000 in cash and a Toyota Prado from two Chinese nationals convicted of conveying property suspected to have been stolen. This significant action highlights the power of forfeiture in dismantling the financial networks that sustain criminal activities. The investigation in this case was triggered by a report received by the Zambia Police Service on 12th August 2024. The tip-off indicated that a White Toyota Prado, registration number AGP 8998, traveling along Kafue Road was suspected of carrying illegal contraband. Upon intercepting the vehicle, officers identified Zhao Changsong and Zhao Yanjing as the occupants. The vehicle, along with the suspects, was taken to Lusaka Division Headquarters for a thorough Search. The Search revealed 40 pieces of Gold, estimated