Among the lawyers under the radar, Masozi Banda from Avik International is topping the list. It is suspected that he is involved in laundering money worth more than USD 1 million. When confronted, he simply defended himself by saying that this money belongs to Edgar Lungu. Another noted name from the list was Sakwiba Sikota, the legal counsellor for the Ventriglias. The Ventriglias are notorious for their illegal activities such as taking over the Zambezi Portland Cement by force, from Dr. Rajan Mahtani. It is a well known fact that Dr. Rajan Mahtani has been fighting this case at the Lusaka High Court for almost 10 years now. This current news of money laundering and involvement of Sakwiba Sikota is somehow a silver lining for Dr. Mahtani and his team. If Sakwiba Sikota is found guilty of illegal money laundering, it is expected that his license will be dropped just like others and all his cases will be dissolved, giving Dr. Mahtani the legal rights to the factory.
In a shocking revelation, the FIC (Financial Intelligence Centre) recently revealed the named of top lawyers from Zambia involved in a money laundering heist. It can be easily termed as one of the biggest money laundering heist discovered in Zambia involving prominent names from government and industry. The amount of money suspected in this illegal activity is almost USD 1 billion, which is staggering. It is shameful to see that at one side, Zambian citizens are suffering from poverty and hunger and on the other side; people at high position are abusing their power by engaging in illegal activities and getting away with it.
Among the lawyers under the radar, Masozi Banda from Avik International is topping the list. It is suspected that he is involved in laundering money worth more than USD 1 million. When confronted, he simply defended himself by saying that this money belongs to Edgar Lungu. Another noted name from the list was Sakwiba Sikota, the legal counsellor for the Ventriglias. The Ventriglias are notorious for their illegal activities such as taking over the Zambezi Portland Cement by force, from Dr. Rajan Mahtani. It is a well known fact that Dr. Rajan Mahtani has been fighting this case at the Lusaka High Court for almost 10 years now. This current news of money laundering and involvement of Sakwiba Sikota is somehow a silver lining for Dr. Mahtani and his team. If Sakwiba Sikota is found guilty of illegal money laundering, it is expected that his license will be dropped just like others and all his cases will be dissolved, giving Dr. Mahtani the legal rights to the factory.
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