INSEAD Day 4 - 728x90

Borouge okays $656m dividend

The company said dividend reflects its resilience

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

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.