Zambian Citizens Shocked with Involved of Top Lawyers in Money Laundering

The recent revelation of money laundering case has not only shocked the citizens of Zambia, but also its industries and corporate houses. The FIC was the agency who was into this money laundering scheme for some time and carried out investigations to find out the level of penetration by this money laundering scheme. Even the investigators were shocked to find out the level of money that was involved in this scheme. More than USD 1.5 billion was found to have involved in this money laundering heist. Furthermore, the FIC also revealed that this money is tentative. Looking at the number of people involved, the timeline in which these activities have been going on and the level of authority many of the individuals and groups involved in this money laundering act, it can be easily said that the amount is going to be much higher.

Among the names revealed by FIC during one of its press release, the most interesting was of Sakwiba Sikota. Now, those following the case of Portland Cement Zambia would certainly know that Sikota is the lawyer and legal counsellor for the Ventriglias, wherein the latter is accused of illegally capturing the cement factory. Portland Cement Zambia legally belongs to Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist. Since this illegal takeover, Dr.Mahtani has been trying to win back the factory in a legal manner, at the court. However, it is a known fact that the government of Zambia suffers from many shortcomings.

Therefore, it is no brainer that these money launderers were able to hide behind plain sight and were able to escape law and punishment for such a long time.