Search Site

Trends banner

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Alphabet posts first $100 bn quarter

The growth was powered by cloud division buoyed by AI

Nvidia to take stake in Nokia

Nvidia share price soars 20%.

Nestle to cut 16,000 jobs

The company's shares shoot up 8%.

Multiply Group buys stake in ISEM

Multiply Group will hold 60.8% of ISEM.

Egyptians, Zambians in court over gold on mystery plane

Authorities in the southern African country seized 127 kilos (280 pounds) of "suspected gold" when the plane landed in Lusaka two weeks ago.
  • Drug and law enforcement authorities said 11 suspects, including a senior Zambian police officer, had been arrested and charged with "espionage"
  • Court papers seen by AFP list a former Egyptian military person and businessman as well as a Zambian police officer among the suspects

Lusaka, Zambia– Five Egyptians and six Zambians appeared in court Monday after a mystery plane landed in Lusaka with 130 kilos of “suspected” gold, nearly six million dollars and weapons on board.

Drug and law enforcement authorities said 11 suspects, including a senior Zambian police officer, had been arrested and charged with “espionage”, in the capital.

The suspects arrived at a magistrate’s court late Monday afternoon, an AFP correspondent reported.

Authorities in the southern African country seized 127 kilos (280 pounds) of “suspected gold”, a handful of firearms, 126 rounds of ammunition and almost $5.7 million when the plane landed in Lusaka two weeks ago.

The Drug Enforcement Commission said the chartered aircraft was transporting “dangerous goods”.

Judge Davies Chimbwili said that they were accused of having acted “for purposes that were prejudicial to the safety and interest of the Republic of Zambia.”

They were later taken into custody.

Court papers seen by AFP list a former Egyptian military person and businessman as well as a Zambian police officer among the suspects.

The story, much of which remains unclear, has continued making waves in Egypt.

An independent Egyptian journalist who was arrested in Cairo following reports accusing officials of involvement in smuggling cash, weapons and gold, was later released.

However, Egyptian state media had claimed the aircraft in question was privately owned and that it had only transited through Cairo.

The suspects could face up to 30 years in jail under Zambian law.