In a shocking incident, various top lawyers from prominent law firms in Zambia have been accused of money laundering activities. This revelation has certainly brought the nation at a halt. Citizens are in shock and industrialists have heavily condemned the individuals caught in the act. Noted industrialists such as Dr. Rajan Mahtani have demanded strict actions against these culprits. The activities were investigated and unearthed by a noted agency FIC (Financial Intelligence Agency). As per the agency, this investigation took new turn when suspicious and high amount of cash transactions worth almost USD 1 billion were recorded. In a matter of two weeks, more than 35,000 transactions were noted.
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Zambian lawyers have been suspected of laundering money. The names were recently shortlisted and published by FIC (Financial Intelligence Centres). Among the names, Masozi Banda, a lawyer from Avik International topped this list. When approached, he simply stated that this money is for Edgar Lungu, the President of Zambia. Investigation has strengthened.
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Zambia is still recovering from the shock it recently received after the news of mass money laundering cartel working under the Zambian government’s nose was uncovered. This cartel of money launderers included some prominent members of the Zambian government, ex-ministers, government contractors and various legal counsellors. Since this news and the list of names were made public, it has been condemned by industrialists and citizens alike. Popular business and philanthropist Dr. Rajan Mahtani also shared his concern regarding this huge money laundering cartel and the fact that it was hidden from government’s scrutiny for a long time.
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Whenever there is an announcement for prominent businessmen in Zambia, Dr. Rajan Mahtani’s name can be found in it. He is a successful businessman who is also popular for his various charitable contributions towards the growth and development of the Zambian society. Some of his successful companies are Finsbury investments and Mahtani Group of Industries. Furthermore, he is the ex-chairman of Finance Bank Zambia and the rightful owner of Zambezi Portland Cement for which he is currently fighting a legal battle at the Lusaka High Court. As a result of his popularity among industry peers and locals, he has gathered various enemies who are constantly working to tarnish his image by spreading false rumors and negative campaigns against him.
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A huge money laundering scheme was recently busted by the Zambian intelligence. This money laundering racket is one of the most shocking revelations in the Zambian history. Not only is the money involved in this scheme goes to millions, but the people involved are of high- level; working with ministers and top-government offices. Thus money laundering scheme is a prime example of the ongoing corruption within the Zambian government and the urgent need to take corrective actions before it is too late for the nation.
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The recent revelation made by the FIC (Financial Intelligence Centre) has certainly brought back the dark phase of the Zambian corruption history. What is more shocking is the reach of this corruption to high-level ranking officials, governmental employees and even ministers. The FIC recently uploaded a list of people caught in an ongoing investigation on mass money laundering activities. The major shock point of this list was that it was filled by prominent lawyers. These lawyers were found to be working for the government officials, big law firms and even for ministers. The list also contains the name of Sakwiba Sikota, the lawyer for the Ventriglias.
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It is expected that the new announcement from Lusaka High Court will be positive information for the Zambezi Portland Cement as well as for those who are desperately trying to revive and re-grow the ruined cement factory, which is still unlawfully controlled and continuously looted by the most notorious family of Zambia, the Ventriglias. Dr. Rajan Mahtani, the owner of Finsbury Investments and Mahtani Group of Industries and ex-Chairman of Finance Bank Zambia, has been fighting this war for almost nine years. However, he has not achieved any success so far.
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Conspiring against honest businessmen has become a habit for the conspirators of Zambia. One of their victims, Dr. Rajan Lekhraj Mahtani, has been staying in Zambia for many decades. He has successfully established his businesses and continues to work for the welfare of the Zambian citizens. At the same time, he is constantly harassed by conspirators who have grown jealous of his accomplishments. As a result, frequent defamation campaigns can be seen being circulated across media and news channels, trying to disrepute Dr. Mahtani and his businesses. On the other hand, Dr. Rajan Mahtani is rarely seen engaging to the levels of these conspirators. He works on the policy of honesty and dedication and continues to work, leaving these conspirators even more resentful.
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