THE Financial Intelligence Centre (FIC) has uncovered a K1.2 million public-school programme procurement scam in which a newly registered entity was awarded a government contract despite failing to meet procurement requirements. The FIC has revealed that the entity, run by two employees of a financial institution, received the full contract amount from a government institution before withdrawing all the money in cash within three days. According to the FIC’s 11th Money Laundering Trends Report, further investigations revealed that two public servants who sat on the committee responsible for awarding the contract received transfers amounting to 10 percent of its value, raising suspicions that the payments were kickbacks. The report disclosed that the entity was registered in 2025, with Mr Z...