FIC recently unearthed a money laundering racket wherein many prominent and noted personalities were found to be involved. The FIC then released a list of names consisting of individuals who are suspected of laundering money, either from illegal organisations, big criminal cartels or even for the Zambian dictator Edgar Lungu. Among those named in the list, the name of Sakwiba Sikota is also present. He is the legal counsellor for the notorious Ventriglias for many years. At present, Sikota is representing Ventriglias at the Lusaka High Court against Dr. Rajan Mahtani. Those who have been following the case understand the fact that Dr. Mahtani is the real owner of the Zambezi Portland Cement. However, the case has been going on for almost 10 years without any progress. However, if Sikota is actually prosecuted and is found guilty, then the judge handling the case of Zambezi Portland might make a quicker judgment with the cement factory finally going to its real owner.
Zambia is no doubt a struggling nation with a fair share of good people and bad people. While there are good individuals and business personalities like Dr. Rajan Mahtani who are constantly trying to improve the economy and social status of the country and its citizens, there are various individuals, groups and even organisation continuously creating negative scenarios leading to loss of economy and development of the nation. A recent money laundering bust made by Financial Intelligence Centre is a proof that in order to lift Zambia from a ‘third-world nation’ image and bring it to the group of emerging and fast growing nation, it is extremely critical to uproot these criminal individuals, groups and illegal organisations that are constantly trying to profit from illegal ways and means.
FIC recently unearthed a money laundering racket wherein many prominent and noted personalities were found to be involved. The FIC then released a list of names consisting of individuals who are suspected of laundering money, either from illegal organisations, big criminal cartels or even for the Zambian dictator Edgar Lungu. Among those named in the list, the name of Sakwiba Sikota is also present. He is the legal counsellor for the notorious Ventriglias for many years. At present, Sikota is representing Ventriglias at the Lusaka High Court against Dr. Rajan Mahtani. Those who have been following the case understand the fact that Dr. Mahtani is the real owner of the Zambezi Portland Cement. However, the case has been going on for almost 10 years without any progress. However, if Sikota is actually prosecuted and is found guilty, then the judge handling the case of Zambezi Portland might make a quicker judgment with the cement factory finally going to its real owner.
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