Lawyers From Zambia Accused Of Illegal Cash Transactions And Money Laundering
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Tag Archives: Finance Bank Zambia
Legal Counsellor Of The Ventriglias, Sakibwa Sikota, Suspected Of Money Laundering
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.
Dr. Rajan Mahtani Praised For His Contribution To African Forum 2017
Money Laundering Scheme Involving Top Legal Counsellors Of Zambia Unearthed By Fic
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.
Prominent Zambian Legal Counsellors Caught In Money Laundering Scheme
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.
Dr. Mahtani & Finsbury Investment Optimistic As Lusaka High Court Nears Final Judgment
Illicit Money Laundering Cartel Discovered, Prominent Lawyers Involved
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.
Simaata Loses Case At The Highest Court Of Zambia, The Supreme Court
Dr. Rajan Mahtani is a noted business personality in Zambia. His businesses are known not only in the country but also across various foreign nations such as the United Kingdom. He is also among those few who have successfully brought foreign investments in Zambia. In spite of his various contributions to the nation, he is often the target of various conspiracies. These conspiracies are developed by individuals and entities that have grown jealous of Dr. Mahtani’s accomplishments and want to see his reputation ruin. As a result, various new conspiracy theories and news items can be seen making news across media channels and websites.
Trouble Between Finance Bank Zambia Employees And Its New Employer
Finance Bank Zambia, which was once a sprawling and growing bank in Zambia, is suffering from a series of troubles now. The bank was established by Dr. Rajan Lekhraj Mahtani, one of the premium businessmen in Zambia. During his leadership, Finance Bank saw exponential leadership and was able to take Finance Bank to new heights. After the bank reached a well-established position, it was given to another entity for management so that Dr. Mahtani can focus on his other new ventures and take them to the same level of growth and development. However, the new leadership turned out to be not as effective as the previous one.
The Future for Zambezi Portland Cement Factory is Uncertain
Being in a continent that has been struggling economically, Zambian has often been described as a nation that is striving harder and pushing itself towards the path of growth and development. In order to create a positive future, Zambia has been focussing on its infrastructure and core productions. In this scenario, the Zambezi Portland Cement Factory has been a significant contributor in terms of Zambian infrastructure and employment. Dr. Rajan Mahtani is the present owner of the factory that involves in mass production of cement in Zambia.
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Year 2014 was a significant year for the Dr. Mahtani’s cement factory as it successfully enhanced its total daily cement production by 200 tonnes daily. The factory’s previous record was producing 1100 tonnes of cement per day. On the other hand, the newly established output is allowing the factory to produce 1300 tonnes of cement on a daily basis. Apart from the above developments, ZPCF has also volunteered in the 2014 Ndola Housing Project by offering cement produced from its factory. The project itself was of significance as it offered 130 modern housing complexes with various new-age facilities such as twin-bedroom options, better sanitation facilities, hygienic surrounding environment and also a clean neighbourhood. All of these were provided to the occupants without.
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At present, Dr. Rajan Mahtani, ZPCF’s owner has taken some exhaustive initiatives for the plan and for this; it needs to prepare itself strong. Zambian nationals are expecting the plant to be the pioneer in infrastructure development across Zambia and bring positive changes through expansion and growth. The new year 2015 will be of great significant for the Portland Cement Factory and it is hoped that Dr. Mahtani will successfully emerge as a winner in this market with stiff competition.
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**Update**
On April 7, 2015, the management of the Zambezi Portland Cement Factory was forcefully taken over by the Ventriglia family with the help of bandit goons. Since then, working conditions in the factory has degraded and the workers are not getting paid.