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.
These individuals were under suspect for a very long time. The investigation was intensified when it was observed that large amount of cash transactions were made by officials at high profiles and designations. Most of these cash transactions are from their private and even registered bank accounts. However, there was huge mismatch in their balances and it was found that majority of the transactions or cash amounts were wired to banks in China and Saudi Arabia, making is extremely difficult for the investigators to reach these foreign banks. Some of the transactions made by single individual reached in millions, showcasing the level of penetration of these individuals, groups and their illegal acts.
Among those companies involved in this money laundering act, one of them is Central Chambers. It is a law firm owned by Sakwiba Sikota. Sikota has been legal counsellor for the Ventriglias for a long time, and is representing them in the case of Zambezi Portland Cement against Dr. Rajan Mahtani. Those following the case know for sure that Dr. Rajan Mahtani is the real owner of the cement factory which was illegally captured by the Ventriglias. However, these present revelation might give a boost to Dr. Mahtani and he can approach the court for indictment of Sakwiba once he is found guilty. This will automatically give Dr. Mahtani the legal right over Zambezi Portland Cement.