Investigation Agency FIC Reports Illegal Laundering of Money, Top Officials Involved

Financial Intelligence Centre, an investigation agency looking into financial crimes, recently announced one of the biggest money laundering scams in Zambia, involving top officials.
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* Money Laundering
* Zambia News
* Dr. Rajan Mahtani

* Business

* Lusaka - Lusaka - Zambia

LUSAKA, Zambia - June 8, 2018 - PRLog -- Financial Intelligence Centre is an investigation agency looking into financial crimes. The agency recently announced one of the biggest money laundering scams in Zambia, involving top officials. As per the reports shared by the FIC, more than USD 1.5 million worth of money is involved in this scam. Moreover, the FIC also shared a list of names of lawyers, law firms and other government officials who are accused of laundering money under this scam.

The FIC started this investigation after observing more than 33,000 illegal cash transactions which were then linked with the private and corporate bank accounts of top lawyers and legal counsellors. Some of these were Sakwiba Sikota and Masozi M. Banda, both accused of laundering money worth millions. While Banda works with Avic International, Sikota is the owner of Central Chambers and is the long-term legal associate of the Ventriglias. Most people would know Ventriglias for their shady activities and current feud with Dr. Rajan Mahtani, one of the most honest and transparent businessmen in Zambia.

Common citizens have condemned this act of money laundering. According to one respondent Jason, "It is really disturbing to see people sitting at top positions misusing their power to build personal empire, when we citizens are working harder to earn. The government should start taking strict actions against these culprits"

About Dr. Rajan Mahtani


Dr. Rajan Lekhraj Mahtani is noted businessman, philanthropist and charitable person. He is owner of Mahtani Group of Industries and Finsbury Investment. He is also responsible for success of many other institutions such as Finance Bank Zambia and Zambezi Portland Cement. He has activity participated across various community, environmental and development activities. However, there are few individuals who always try to conspire against him.
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