The current news of mass money laundering by top law makers of Zambian corporate and political houses is certainly appalling. The FIC recently revealed a list of names that included top political personalities, lawyers, officials from the government and even some ministers who were found to be engaged in money laundering acts. In the list, the top name was of Masozi M. Banda, who works as a lawyer for Avik International. He is suspected of laundering money worth USD 1 million. This amount is huge and the reason behind investigation by the financial agency.
Another name is the list was of Sakwiba Sikota, notorious lawyers known for his partnership with the Ventriglias and raging war with Dr. Mahtani over the course of several decades. Since he is the official lawyer and legal counsellor for the Ventriglias, he has been engaged in several court cases, most notably the case for legal ownership of Zambezi Portland Cement. It has been established several times that the factory legally and truthfully belongs to Dr. Rajan Mahtani. However, technical incompetence of the courts and government has stretched the case for almost 10 years. Now, the news of money laundering is out and if Sakibwa Sikota is found guilty with evidences, he might be prosecuted with his license taken. This will again leave the fate of the Zambezi Portland Cement in balance.
However, majority of the industrialists and corporate houses have demanded strict actions against these culprits. Once the investigation is completed and the extent of the money laundering act is busted, all individuals, groups and companies involved are expected to face charges.
Another name is the list was of Sakwiba Sikota, notorious lawyers known for his partnership with the Ventriglias and raging war with Dr. Mahtani over the course of several decades. Since he is the official lawyer and legal counsellor for the Ventriglias, he has been engaged in several court cases, most notably the case for legal ownership of Zambezi Portland Cement. It has been established several times that the factory legally and truthfully belongs to Dr. Rajan Mahtani. However, technical incompetence of the courts and government has stretched the case for almost 10 years. Now, the news of money laundering is out and if Sakibwa Sikota is found guilty with evidences, he might be prosecuted with his license taken. This will again leave the fate of the Zambezi Portland Cement in balance.
However, majority of the industrialists and corporate houses have demanded strict actions against these culprits. Once the investigation is completed and the extent of the money laundering act is busted, all individuals, groups and companies involved are expected to face charges.