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 →

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 →

Case Of Portland Cement Zambia Nears Closure, As Confirmed By Judge

March 14, 2018 by DRMZambia
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The case of Portland Cement Zambia is among the oldest running cases of corporate world. It was started when Dr. Rajan Mahtani, a noted businessman and philanthropist, launched a case against the Ventriglias for illegally taking of the cement factory. The Ventriglias, on the other hand, contended that Dr. Rajan Mahtani has not paid for the shares he owns at the factory. This has triggered what can be understood as one of the biggest rivalries in the corporate environment of Zambia. 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 →

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 →