THE Economic and Financial Crimes Division (EFCC) has overturned the subordinate court decision and dismantled the earlier outcome in the Kamono Farming Initiatives case. Earlier the lower court had acquitted and imposed fines of K100,000 on the Kamono Farming Initiative Limited (KFIL) in Count one and K70,000 in Count two. The lower court further fined the second to fourth convicts to K60,000 each on each count and ordered that if they failed to pay, they faced nine months’ simple imprisonment. In this matter, Kamono Farms Initiative Limited, and its Directors Fanwell Zulu, Enock Chibutu and Mirriam Soko were charged with conducting a banking business without a license, conducting a money circulation scheme and money laundering contrary to the laws of…
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