Tag Archives: Money Laundering

Zambian Government Needs to Show its Strength After the Money Laundering Heist

June 11, 2018 by DRMZambia
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The recent news of money laundering has certainly created a stir across the nation. The news was released by Financial Intelligence Centre, an intelligence agency looking into financial crimes. After months of investigation, the FIC released a list of names of individuals who have been accused of laundering money. Along with this, the FIC also released a report on mass money laundering activities going on within the nation. According to the report, this money laundering act has galloped more than USD 1.5 billion dollars of Continue reading →

Sakwiba Sikota and Other Top Lawyers in Zambia Accused of Money Laundering

April 15, 2018 by DRMZambia
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Financial Intelligence Centre, a noted agency, recently reported mass money laundering scheme which has been undergoing in Zambia for many years. This is certainly one of the biggest laundering busts uncovered by any agency. As per the reports released by FIC, more than USD 1.5 billion worth of money has been involved in this bust. Another shocking fact related to the bust is the involvement of top lawyers and legal counsellors in Zambia. Most of the lawyers or legal counsellors named in this money laundering Continue reading →

FIC Reports Millions of Loot in Biggest Money Laundering Heist in Zambia

April 13, 2018 by DRMZambia
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Financial Intelligence Agency recently reported money laundering heist in Zambia involving top lawyers and legal counselors. More than USD 1.5 billion worth of money has been caught in this heist and the FIC expects the amount to go up with further investigation. Some of the top names involved in the list were of Masozi M. Banda and Sakwiba Sikota. Both have been accused of laundering money in millions. When confronted, Banda defended himself by saying that he was working for Zambian President Edgar Lungu. It Continue reading →

Financial Intelligence Centre Reports Mass Money Laundering Bust In Zambia

April 9, 2018 by DRMZambia
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Zambia as a nation is shocked by the recent revelation made by Financial Intelligence Centre. The agency made a public announcement recently, in which they accused top lawyers, legal counsellors and ministers of Zambian government of illegal money laundering. As per the reports released, these high-profile individuals holding critical government and private positions have been involved in illegal cash transactions worth more than USD 1.5 billion. At the same time, the FIC is contemplating that the amount is just a surface scratch and the actual Continue reading → Continue reading →

Legal Counsellor Of The Ventriglias, Sakibwa Sikota, Suspected Of Money Laundering

January 31, 2018 by DRMZambia
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Dr. Rajan Mahtani is undoubtedly one of the most celebrated and respected businessmen in Zambia. His companies have reached heights with honesty and integrity. At the same time, he has established various businesses and contacts across other nations. These businesses and contacts have helped Dr. Mahtani in bringing foreign investments in Zambia and improving the economic and social conditions of the nation. Some of his companies that have successfully made mark in the industrial front include Mahtani Group of Companies and Finsbury Investments. He is Continue reading →

Judge Handling Zambezi Portland Case Announces Closure Of Case Hearing

January 25, 2018 by DRMZambia
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Dr. Rajan Lekhraj Mahtani is among few businessmen in Zambia who have stick to the path of honesty and transparency since the start. He has established various successful businesses in Zambia and other nations. Some of his top establishments in Zambia include Finsbury Investments, Mahtani Group of Companies and Finance Bank Zambia. He is also noted for his philanthropic activities and charitable works. His contacts and businesses across developed countries like the United Kingdom have helped him in bringing foreign investments to improve Zambian economy. Continue reading → Continue reading →

Sakiwiba Sikota’s Name Appears In The List Released By Fic, For Money Laundering

January 12, 2018 by DRMZambia
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FIC (Financial Intelligence Centre) is a noted intelligence agency from Zambia, specializing in investigating financial-fraud and related activities. FIC recently released a list of names of individuals who were suspected in a mass money laundering racket. This list comprised of prominent business and government individuals such as lawyers, law firm owners, legal counsellors, government contractors, government officials and even some ministers. From the report released, it is expected that these people are engaged in money laundering activities for a long time. Continue reading →

Sakwiba Sikota And Other Prominent Lawyers Suspected Of Money Laundering

January 6, 2018 by DRMZambia
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The Zambian government is certainly facing a dark period in their law and order with the revelation of mass money laundering racket under their nose. FIC (Financial Intelligence Agency) is a noted intelligence firm of Zambia which recently discovered this money laundering racket. The worst part of this racket is that it involves some of the prominent names in the legal industry of Zambia. With this exposure of the racket, the FIC also released a list of names of prominent government contractors, political figures, and Continue reading → Continue reading →

Sakwiba Sikota Among Those Caught In Money Laundering Racket

December 31, 2017 by DRMZambia
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Zambian government was recently exposed to one of the biggest scams in its history. The FIC, an intelligence agency, discovered mass money laundering racket by some of the prominent names in the political, corporate and government areas. These are high profile legal counselors, government contracts, political figures, law firm owners and even ministers. Reports from the investigation also revealed that the current list of names is expected to increase as and when investigation strengthens. Continue reading →