Bwalya Kalandanya is a Lusaka-based wealthy businessman who has been making news lately for his friction with the law.
Like most tycoons, not much is known about Bwalya Kalandanya who is quite private and mysterious about his personal matters.
According to several sources, however, Bwalya Kalandanya is a key player in Zambia’s music industry. He is the owner of one of Zambia’s biggest record label- Kalandanya Music Promotions.
The record label which has been in operation for several years now has signed some of the most successful artists in the country including Slapdee, Rich Bizzy, Bobby East, Dambisa Zambia, and Nez Long just to name a few.
In addition to Kaladanya Music Promotions, the tycoon has also heavily invested in the banking and microfinance industry and runs a lending company called Kalandanya Money Lenders which provides short-term instant cash loans.
Read also: Bobby East's net worth, music career, house and cars.
Read also: Bobby East's net worth, music career, house and cars.
What is Bwalya Kalandanya’s net worth?
Although it is well known that he is very successful and obviously wealthy, the exact value of Bwalya Kalandanya’s net worth has not been provided and it’s quite difficult to estimate his net worth as he is a very private man.
Why was Bwalya Kalandanya arrested?
On the 5th of October 2022, Bwalya Kalandanya was arrested by the Drug Enforcement Commission (DEC) through its Anti-Money Laundering Investigations Unit.
He together with four other accomplices was reportedly arrested for money laundering activities involving over K6 million.
Addressing the press, the DEC deputy public relations officer, Delight Haangala confirmed Kalandanya’s arrest saying that he had been arrested for money laundering which is contrary to Section 7 of the Prohibition and Prevention of Money Laundering Act No. 14 of 2001 as read together with section 3 (b) (i) and (ii) of the Amendment Act No. 44 of 2010
According to the DEC, Mr. Kalandanya allegedly concealed the true ownership of a property, specifically seven fully furnished flats at stand number JES/118 located in Jesmondine, Lusaka, valued at K6,125,000.00, on dates unknown but between January 1 and February 28 of 2022.
He reportedly further transferred the property to a 39-year-old woman identified as Beauty Chama who works as a Data Clerk at Civic Centre Clinic. The woman was also arrested alongside Bwalya and three other accomplices and were held in police custody ahead of their court hearing
This was however not the first time that Bwalya Kalandanya has been arrested. In February 2022, he was arrested by the Joint Investigations Team for fraudulent registration of a contractor’s certificate. He allegedly also used the same fraudulently acquired contractors certificate to bid for tenders that were awarded to him by the Government.