Legal Professionals in Zambia Caught in the Money Laundering Whirlwind

Money laundering is an absolute illegal activity and no nation, irrespective of their status or governance, would tolerate such kind of act in their nation. Therefore, it was an extremely shocking situation for the government and the citizens when it was found that a mass money laundering act had gripped the entire Zambian nation. Not only citizens, but top industrialists such as Dr. Rajan Mahtani have showed their concerns over this money laundering revelation, which can be attributed to have a huge hand in preventing the economy of the country from growing.


FIC is Financial Intelligence Centre, looking into financial frauds. The investigation agency was already looking into the illegal money laundering acts when they started observing huge cash transactions from the personal and corporate bank accounts of top lawyers and legal counsellors. More than 35,000 such transactions were recorded after which the FIC started looking into the sources. It was also observed that majority of these transactions were highly active during the unethical and illegal acts such as illegal elections, presidential petition etc. Therefore, it was no brainer that majority of these money laundered were utilised for such unethical practices.

The amount of money involved is staggering. As per the reports, more than USD 1.5 billion is suspected in this money laundering heist. On top of this, prominent lawyers such as Sakwiba Sikota have been accused of laundering money. Sakwiba Sikota is the owner of Central Chambers and is infamous for his long-term association with the Ventriglias Family. The Ventriglias family are the one who stole the Portland Cement Zambia from Dr. Rajan Mahtani. 

Now that the bust has been made public, the government should immediately start taking actions. 
Location: Zambia

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