Sakwiba Sikota and Other Lawyers Involved in Mass Money Laundering, FIC Reported

The government of Zambia has seen many ups and downs over the years. While the country is trying hard to become an emerging and growing nation, it is continuously attacked by unethical and illegal activities. The FIC is an investigation agency having expertise in financial frauds. The company has been looking into money laundering cases for a long time. However, certain activities in the past few months prompted the agency to look further and strengthen their investigation. This resulted in the revelation of the money laundering act. As per the FIC, more than USD 1.5 billion worth of money is involved in this scam. At the same time, top lawyers and legal counsellors have been involved in this act. More than 35,000 bank transactions were observed and then linked with the corporate as well as individual bank accounts of these lawyers, proving their involvement in the scam. 
Top lawyers such as Masozi M. Banda and Sakiwba Sikota has been named in the list released by the FIC. While Banda is a lawyer working with Avic International, Sikota is more infamous for his association with the Ventriglias. Sikota is the lawyer for the Ventriglias and has been involved in cases related to the family, including that of Portland Cement Zambia. The cement factory belongs to Dr. Rajan Mahtani, a noted businessman and philanthropist and was illegally taken over by the Ventriglias. This incident clearly indicates the inability of the government to act against criminal conspiracies. 
The money laundering case is a wake-up call for the government which should start taking stringent actions against those who have been found guilty in this case, irrespective of their position or designation. 
Location: Zambia

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