Bugatti seized in Zambia over possible money laundering

Authorities in Zambia have seized a Bugatti Veyron that was imported into the country on Monday, pending investigations into possible money laundering.

“The vehicle has since been seized as investigations are being conducted,” Zambia’s Drug Enforcement Commission said in a statement.

The state investigative wing said that they had received “numerous concerns” from the public.

“Following the concerns raised, the commission is making follow-ups to ensure that the purchase of the motor vehicle is not in breach of any money laundering laws,” the statement said.

Since the car’s arrival on Monday, Bugatti has been the top trending topic on Twitter in Zambia with people commenting about and sharing pictures of the luxury car.

Reports say it is the first-ever of its brand in the country.

The owner of the rare Bugatti, a Veyron, is not known, although industry experts estimate that it costs between $2m-$3m (£1.5m-£2.3m)

Joseph N Mwenda@jmwenda29

Arrest criminals in government, #FreeTheBughati

View image on Twitter

The car’s seizure has not gone down well on Twitter with some Zambians arguing that other stories of possible corruption and money laundering activities by government officials have not been investigated.

So we managed to find the owner of a single non registered but mobile property, but failed to find the owner of 48 stagnant flats that have paid land rates, Zesco & etc????

View image on Twitter

 The spokesperson of the Zambia Revenue Authority had told the BBC earlier that the required taxes for the car had been paid.

ABOUT: Nana Kwesi Coomson

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An Entrepreneur, Corporate Social Responsibility, Corporate Communications Executive and Philanthropist. Editor-in-Chief of www.233times.com. A Senior Journalist with Ghanaian Chronicle Newspaper. An alumnus of Adisadel College where he read General Arts. His first degree is in Bachelor of Arts - Political Science (major) and History (minor) from the University of Ghana. He holds MSc in Corporate Social Responsibility (CSR) and Energy with Public Relations (PR) from the Robert Gordon University in the United Kingdom. He is a 2018 Mandela Washington Fellow who studied at Clark Atlanta University in USA on the Business and Entrepreneurship track.

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