Latest Zambia Updates

As opposed to surrendering to unscrupulous judgment, it is more ideal to stand by some additional time and get genuine equity. This is what Dr. Rajan Lekhraj Mahtani did if there should arise an occurrence of the Portland Cement Zambia. The case hanged in balance for quite a while at the Lusaka High Court where Dr. Rajan Mahtani had enrolled the case at first. Notwithstanding presenting every single basic proof related with the case and in spite of hanging tight for over 10 years, Dr. Rajan Mahtani was not given justice. Rather, justice Nkonde from the Lusaka High Court reported a dubious decision by giving Ventriglias just shareholding authority. After this dubious decision, it was in best interests of Dr. Rajan Mahtani to report his appeal to the Court of Appeal. The decision from the Court of Appeal came on 31st January 2019 in which all evidences and testimonials were discussed in a transparent manner. Justice Mwinde confirmed that Dr. Rajan Mahtani made a paymen...

Financial Intelligence Centre recently released news which shocked the entire nation. This news was a report on mass money laundering scheme going on within Zambia and the involvement of top legal counsellors, government officials and even some ministers in it. Since this release, numerous corporate giants, industrialists as well as citizens have marched against the government and their inability to identify this mass money laundering act which has been undergoing for a long time.  As per the news report, this money laundering scheme has been going on for years. While the FIC were investigating similar incidents across the nation, this particular scheme was kept under the radar for a long time. In fact, it was only after observing illegal cash transactions from the bank accounts of suspected lawyers, the FIC was able to sense this scheme and launch a deeper investigation on the matter. The investigation revealed some shocking notes when the FIC released a list of names of in...

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 majo...