The FIC recently announced a huge money laundering cartels. As per the intelligence agency, it had an internal discussion with the senior lawyers as well as those from law wherein it was disclosed that majority of the illicit money transactions were conducted through bank accounts that belong to top lawyers and legal counsellors from Zambia. Now, this is definitely breaking news as many of these lawyers have even worked with the government as well as noted ministers of the Zambian politics.
The Financial Intelligence Centre is a noted intelligence agency that investigates financial frauds in corporate and political domains across the Zambian nation. The agency recently busted an illegal money laundering racket. The most unsettling part of this discovery is the involvement of top lawyers and legal counsellors, along with top officials with the government. Ever since FIC released the list that included the names of individuals involved in the money laundering act, industrialists, corporate houses and common citizens have expressed their concern over the law-making policies and rules that govern the country. Prominent businessmen like Dr. Rajan Mahtani have heavily condemned the act and has demanded strict actions against those caught in this illegal act.
FIC (Financial Intelligence Centre) is a noted agency in Zambia dealing with investigations in financial matters. The intelligence agency recently reported mass money laundering racket involving top lawyers in Zambia. The FIC organized a meeting and discussion with top senior lawyers and made the decision of disclosing the list of named of individuals who have been found to store illicit money in their bank accounts. Information emerged during the investigation that majority of these illicit accounts were highly active during illegal and unethical activities such as fraudulent elections or during the infamous Presidential Petition.
It is a well-known fact that the government of Zambia is filled with corrupt politicians and officials who continuously prevent the government from making positive changes for the nation and bring social and economic development for its citizens. The Zambian citizens were recently shocked by the announcement made by FIC (Financial Intelligence Centre), an intelligence agency. As per the report released by FIC, many top lawyers, prominent legal counsellors, contractors and officials working with the government and even some ministers were engaged in money laundering activities for many years. Along with this news, FIC also released a list of names.
Illicit laundering of money is a criminal act, irrespective of the region or country it is undertaken. The monetary transaction is illegal and most often these amounts are stolen from the government or its citizens. Zambian intelligence agency FIC recently unearthed a huge money laundering cartel. However, the shocking part was the involvement of prominent figures, including top legal counsellors in Zambia. This is definitely one of the biggest corruption scandals in Zambia to have ever unearthed.
As per the latest news update by FIC (Financial Intelligence Centre), some of the prominent lawyers and legal counselors across Zambia have been caught in illegal money laundering scheme. FIC provides intelligence related to financial matters across the nation and its latest revelation has shocked the nation. With this revelation, FIC also released a list of names of some noted figures suspected of money laundering. This list comprises of political figures, owners of law firms, top legal counselors as well as government contractors. It is suspected that majority of these individuals or groups had some kind of political support as a result of which, they were able to escape law and government scrutiny for too long.
The recently concluded African Summit 2017 was a success in terms of economic and social discussions on growth and improvement. The summit was attended by top businessmen, politicians, public speakers, financial experts and many noted personalities of Zambia and even outside. Among them was Dr. Rajan Mahtani, a famous businessman who is also famous for his charities, contributions to the society and philanthropic views. Once the summit was concluded, the press secretary released a new article thanking Dr. Mahtani for his contribution towards Prison Fellowship of Africa.
Money laundering is a criminal activity, especially when done illegally and the source of money is unlawful. The FIC (Financial Intelligence Centre), an intelligence bureau from Zambia recently unearthed a mass money-laundering racket involving prominent lawyers from Zambia. This is a huge revelation in Zambia’s corruption history because the number of high-profile individuals involved in this racket is huge.