Tag Archives: Sakwiba Sikota

Billions of Money Looted in One of the Biggest Money Laundering Schemes in Zambia

June 13, 2018 by DRMZambia
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Industrialists, as well as economies, are extremely worried about the economic and social development of the nation, especially after the recent news of mass money laundering scheme undergoing in Zambia. Financial Intelligence Agency is the agency which investigated and brought the news. FIC is an intelligence agency expertise in financial fraud detection. Unauthorised cash transactions and illegal money laundering schemes were discovered by the agency, accounting for more than USD 1.5 billion worth of money. The investigation was started by FIC after observing numerous unaccounted Continue reading →

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 →

Lawyers and Legal Counsellors Named in Money Laundering List, Sakwiba Sikota Involved

May 25, 2018 by DRMZambia
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The FIC recently revealed shocking news of money laundering and involvement of top lawyers, legal counsellors, government officials as well as some of the ministers of the Zambian government in this money laundering list. This is one of the biggest money laundering busts by the FIC, considering the amount of money as well as the number of individuals involved in this bust. John Kasanga is the present acting Director of the FIC, and shared some interesting news along with the scheme. More than USD 1 Continue reading →

Sakwiba Sikota is the List of Names Caught in Mass Money Laundering

May 17, 2018 by DRMZambia
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Citizens of Zambia received shocking news few weeks earlier when Financial Intelligence Centre, a noted financial investigation agency, released a list of names in what came to be one of the biggest mass money laundering case. As per the list, more than USD 1.5 billion worth of money is lost in this money laundering scheme. The most outrageous news that came along with this money laundering heist was the involvement of top lawyers, legal counsellors, government officials and even some ministers working with the Zambian Continue reading →

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

May 4, 2018 by DRMZambia
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Financial Intelligence Centre recently revealed a big money laundering scheme involving top legal counsellors and lawyers across Zambia. As per the reports, money worth more than USD 1.5 billion is expected to be involved in this money laundering activity. On top of that, politicians and government officials have also been linked in this money laundering act. It is considered as one of the biggest money laundering act revealed in recent decade. The FIC sources revealed that they had been investigating this money laundering for the 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 →

Portland Cement Zambia Case Considered Major Accomplishment With New Announcement

April 3, 2018 by DRMZambia
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At this point, almost all of the industrialists and citizens related to the corporate are familiar with the case of Portland Cement Zambia. The cement factory was among the top factories in Zambia producing cement. It is owned by Dr. Rajan Mahtani, a noted businessman and philanthropist. Over the course of three to four decades, Dr. Rajan Mahtani has successfully established his empire across the Zambian nation. Some of his top establishments include Mahtani Group of Companies, Zambezi Portland Cement, Finance Bank Zambia and Finsbury Continue reading → Continue reading →