Saturday, 26 May 2012

Former Minister of Labour Jailed For Burying $450M Stolen Money On His Farm



Mr Liato buried the 2.1 billion Kwacha in two steel trunks under a thick layer of concrete slab in a highly fortified and electronically fitted structure at his farm in Mumbwa..........Sounds weird right?

FORMER Labour and Social Security minister, Austin Liato, has been sentenced to two years imprisonment with hard labour over the K2.1 billion dug out at his farm in Mwembeshi.
Liato, who was facing a charge of possessing property suspected to be proceeds of crime, also had his K2.1 billion and the farm forfeited to the State.
Liato has been convicted of one count of being in possession of property suspected to have been proceeds of crime contrary to Section 71 (1) of the Forfeiture of Proceeds of Crime Act Number 19 of 2010 of the Laws of Zambia.


Interesting!

3 comments:

Anonymous said...

Laviv ur story 2day wan kill me die with laghter, ds man so te bury moni 4farm

Anonymous said...

Gd4 him justice has prevailed, but d 2yrs is small

Anonymous said...

Nigeria shld learn from this