Sakwiba Sikota has been in news for all the wrong reasons. The FIC (Financial Intelligence Centre) recently released a list of named involving top lawyers and other government officials who have been found to be engaged in illegal money laundering activities. This is a major bust by the financial investigation agency as the money involved in this bust is huge, in excess of USD 1 billion dollars. Majority of the names in the list have been accused of laundering money worth more than USD 1 million dollars. Among these named, one is of Sakwiba Sikota, the owner of the Central Chambers. While there are other names too in the list that has surprised the people in general, Sakwiba’s name is not so surprising. This can be directly attributed to his relationship with the notorious Ventriglias and other illegal activities.
The money laundering bust will have huge implications; both to the corporate world and to the people involved. Majority of those involved are expected to lose their license and even face criminal charged.