FIC (Financial Intelligence Centre) is a noted agency involved in an investigation of financial fraud. The agency recently discovered a mass money laundering bust involving top lawyers working with corporations, government offices and big law firms. This mass money laundering heist was undertaken via cash transactions from the corporate and individual bank accounts of the suspected. As per the reports, more than USD 1 billion dollars is suspected in this illegal heist.

At one hand Zambian citizens are suffering from poverty and devoid of even basic and fundamental needs such as hygiene, education and even food. On the other hand, individuals sitting in powerful positions across government offices are engaged in illegal money laundering, to add into their already built financial empire with similar illegal acts. One of the top names in the list released by Financial Intelligence was of Masozi. M. Banda, from Avik International. When he was confronted of his USD 1 million plus heist including unauthorized cash transactions, he simply stated that the money is for the government contracts purpose such as the construction of roads, funded by Edgar Lungu. Now, everyone knows that Edgar Lungu has established a dictatorship across Zambia and is responsible for a majority of the illegal activities across the nation. This can be attributed to the fact that the illegal monetary transactions were more prominent during illegal acts such as presidential elections. An investigation is still going on in these matters.

Some other names in the list included Sakwiba Sikota, the legal counsellor for the Ventriglias. The Ventriglias are also infamous for their ongoing feud with Dr. Rajan Mahtani and his team for the rightful ownership of Zambezi Portland Cement. Most of us are aware that the factory belongs to Dr. Mahtani. How the current news of Sakwiba Sikota’s involvement in the money laundering will impact the case of Dr. Mahtani, it is not clear. However, he and many other businessmen and industrialists have demanded that all those involved in this money laundering heist should be prosecuted at once.