Two Chipata businessmen arrested for being in possession of over 49,000 Kwacha counterfeit Zambian bank notes have today pleaded guilty in the Chipata Magistrate court.
Appearing before Magistrate Kunda Malawo were George Zimba 42 and David Mutumayo 41 of David Kaunda residential area and Magazine compound respectively who both pleaded guilty to all the three counts.
In the first count the two are jointly charged for being in possession of forged bank notes contrary to the laws of Zambia.
It is alleged that on Thursday last week, the two whilst acting together were found in possession of 420 by 100 Zambian Kwacha forged bank notes.
In the second count, David Mutumayo is alleged to have been found in possession of 38 by 100 Zambian Kwacha bank notes without lawful authority or excuse.
And in the third count George Zimba is alleged to have been found with 38 by 100 Zambian Kwacha bank notes without lawful authority or excuse.
The two have being remanded at Namuseche prison awaiting appearance on April 30th for presentation of facts.