Tax evasion is a criminal action, particularly when done illicitly and the wellspring of cash is unlawful. The FIC (Financial Intelligence Centre), an insight department from Zambia as of late uncovered a mass illegal money-laundering scheme with the involvement of prominent figures including noticeable legal advisors from Zambia. This is an immense disclosure in Zambia's history in light of the fact that the quantity of prominent people associated with this racket is gigantic.
The request for investigation began after FIC began looking into suspicious exercises and money exchanges connected to individual and corporate financial balances. These exchanges added up to more than USD 1 billion in esteem and brought about a mass examination of the general population included. Masozi M. Banda is a legal counselor from Avik International gained notoriety during this rundown as he is in the top in the list of names associated with illegal tax avoidance conspire. According to the FIC, he has been laundering cash to the despot of Zambian tyrant Edgar Lungu. Banda has protected himself by challenging that the cash is for government contracts. Be that as it may, the FIC wouldn't give up effortlessly since the sum engaged with these exercises is colossal and numerous different legal advisors and additionally law offices have given comparative reasons.
One of the other distinguished names in the list is of Sakwiba Sikota, the owner of Central Chambers law firm and legal counselor to the Ventriglias. While some of the names in the list are surely shocking; Sikota’s name is not so much due to his prior involvement in similar activities alongside the Ventriglias. The investigation is going on and the FIC will be sharing updated news soon.
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