KONKOLA Copper Mines (KCM) provisional liquidator Milingo Lungu has pleaded not guilty to charges of theft and money laundering involving K4.4 million.
In this matter, Lungu, 43, of Mulungushi Road in Roma is in the first count charged with theft.
It is alleged that Lungu, between May 22, 2019 and September 28, 2021, being a provisional liquidator for Konkola Copper Mines, stole K4.4 million, the property of Konkola Copper Mines PlC.
In the second count, he is charged with money laundering and it is alleged that during the same period, Lungu transferred K4.4 million, knowing or having reasons to believe the same to be proceeds of crime.
The matter is being prosecuted by deputy chief state advocate Gamaliel Zimba, principal state advocate G Mulenga, senior state advocate Margaret H Simichimba and S Phiri from the taxation and financial crimes department of the National Prosecution Authority.
When the matter came up for plea before Magistrate Felix Kaoma, Tuesday, Milingo pleaded not guilty to the two charges after they were read to him.
The matter has since been adjourned to November 29 and 30, and December 1, 2021 for trial.