World News
Ex-President Edgar Lungu’s Son Stripped of Assets Deemed Proceeds of Crime
Dalisto Lungu, the son of Zambia’s late former president Edgar Lungu, has been stripped of assets worth more than US$1.26 million after a ruling by the Economic and Financial Crimes Court.
The court found that the properties were obtained through illicit means and ordered their forfeiture to the state. The seized assets include 79 motor vehicles, over 20 pieces of land located in various parts of Zambia, as well as a fuel service station.
In its judgment, the EFCC stated that Lungu failed to provide credible evidence of a lawful income or business operations that could reasonably explain his accumulation of such wealth.
Lungu disputed the allegations, insisting that the properties were legally acquired. However, the court ruled that his explanation was insufficient to counter the state’s case, paving the way for the assets to be confiscated.