As per the reports released by FIC, this money laundering bust is huge, involving more than USD 1 billion worth of cash transactions. Further investigation has also revealed that majority of these cash transactions were highly active during illegal and corrupt practices, such as trail of Rupiah Banda for the illegal Nigerian Oil deal or corrupt presidential elections. The FIC also released a list of names of lawyers and legal counsellors caught in the act. One name that stood at the top was of Masozi M Banda, the lawyer from Avik International. It is estimated that he is involved in illegal cash transactions worth more than USD 1 million. Similarly, another name that astonished the readers was of Sakwiba Sikota, the owner of Central Chambers and long-term legal counsellor for the Ventriglias. The Ventriglias are currently infamous for illegally taking over Portland Cement Zambia from Dr. Rajan Mahtani and then ruining the future of the company.
The FIC will be sharing new information regarding the money laundering bust as and when something comes.