Africa & World NewsMotoring

Zambia seizes US$2m Bugatti over money laundering after public outcry

Authorities in Zambia have confiscated a Bugatti Veyron that was imported into the country early this week, pending investigations into possible money laundering.

According to State investigators, the vehicle was seized after they had received “numerous concerns” from the public. 

“The vehicle has since been seized as investigations are being conducted,” Zambia’s Drug Enforcement Commission said in a statement.

“Following the concerns raised, the commission is making follow-ups to ensure that the purchase of the motor vehicle is not in breach of any money laundering laws,” the statement said.

The Bugatti Veyron Hypercar landed at the Kenneth Kaunda International Airport in Lusaka on Monday, and torched a storm on social media platforms in southern Africa.

The Bugatti seen on the road in Lusaka this week

According to Auto Josh, the car is owned by South African-based Zimbabwean businessman, Ian Chamunorwa Nyarungwe Haruperi.

Zambia Revenue Authority disclosed that the owner had paid all the taxes relating to its clearance.

The Bugatti seen on the road in Lusaka this week

“The only thing we can confirm is that taxes were paid. The other details we can’t give out because we need to respect the tax payer’s confidentiality as guided by the law and our values,” said Topsy Sikalinda, the Zambia Revenue Authority spokesperson.

With an 8.0-liter quad-turbocharged W16 engine that makes a whopping 1200 Horsepower, the Bugatti Veyron can do the 0-100 km run in just 2.5 seconds and a top speed of 431.072 km/h (267.856 mph).

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Zambia launches US$81 million farmer financing scheme

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