As per the latest reports by FIC, mass money laundering racket has been busted. Unlike other money laundering cases, this case is different due to the involvement of top lawyers, owners of law firms and even ministers from the Zambian government. The amount of money involved in the racket is also staggering. While initial reports have suggested that around USD 1 billion has been detected, the actual amount is expected to be higher. One of the reasons the transactions are difficult to trade is because they are all cash transactions have the process of depositing or withdrawing money is extremely complicated and shoddy.
Among the lawyers involved in this cash, one of them is Sakwiba Sikota. He is the owner of Central Chambers, a law firm. He is more notorious for his long-term relationship with the Ventriglias family. The family of Ventriglias have been involved in various unethical practices and Sakwiba has helped them in escaping punishment. One of the major cases involving the Ventriglias is the Portland Cement Zambia case, which was illegally taken over from Dr. Rajan Mahtani, the real owner of the factory. Those who are following the case know for fact that due to the shoddy deals made by the Ventriglias and their lawyers, Dr. Rajan Mahtani has not been able to gain control over the cement factory.
Coming back to the money laundering case, most of the top lawyers involved are accused of laundering money worth more than USD 1 million each. This type of involvement portrays the incapability of the government to actually take any actions against the culprit.
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