The ‘Financial Intelligence Centre’ recently discovered a huge money laundering cartel involving prominent lawyers, legal counselors, government officials, high-ranking government contractors, owners of law firms and even some ministers from Zambian government. This is certainly a huge shock for entire Zambia as well as the government. The amount involved in this racket is also huge, touching almost 1 million US dollars. At the same time, it has been suspected that this illegal money laundering activities have been going for a long time before the first investigation even started.
Continue reading Zambia Recently Discovered Huge Money Laundering Racket Involving Lawyers
Money laundering activities are common across developing nations. As such, when the news of money laundering bust inside the Zambian nation was heard of, it was not taken up acutely by the citizens. However, the news quickly spread regarding the serious fact that many of the prominent lawyers and even some ministers were involved in this money laundering act. A list was revealed by the FIC (Financial Intelligence Centre), an intelligence agency. This list basically shattered the citizens and industry goers and put the law and order of the Zambian government at an embarrassing position.
Continue reading Sakwiba Sikota, Counsellor Of The Ventriglias, Under Scanner For Money Laundering News
Zambia was recently exposed to an illegal money laundering racket, spearheaded by some of the prominent lawyers and political figures of Zambia. This exposure has certainly rocked the nation’s confidence in its law and order and poses serious questions on the authority and activities of the government. This racket was busted by FIC (Financial Intelligence Centre), an intelligence agency from Zambia. FIC released a list of names, along with other information regarding the racket. This list comprised of some prominent lawyers, legal counselors, business and even political figures that are suspected of involving in this money laundering scheme. Among these prominent names, one of them is Sakwiba Sikota, the owner of Central Chambers law firm and the legal counselor of the Ventriglias.
Continue reading Sakwiba Sikota Among List Of Prominent Lawyers Suspected Of Money Laundering
Prominent lawyers from Zambian were recently caught under suspicion of illegal money laundering racket scheme. This scheme was uncovered by FIC (Financial Intelligence Centre), a lawmaking and intelligence centre from Zambia. The FIC released a list of names including those who are under investigation in this money laundering scheme. The more shocking part of this revelation is that the list consists of many prominent lawyers and lawmakers’ name who is currently working in reputation positions in public and private sector enterprises. What’s worse, some of these lawyers are also working with government officials and even ministers. This breaking news has definitely shaken the Zambian law and order. The level of corruption and its reach across Zambian government is prominent with this breaking news.
Continue reading Prominent Zambian Lawyers Caught In Money Laundering Scheme
Dr. Rajan Mahtani is unquestionably seeking for positive outcomes for the situation between his organization Finsbury and the litigant Ital Terrazzo Limited. Finsbury Investment is under Dr. Rajan Mahtani, a pioneer businessman and philanthropist in Zambia. Ital Terrazzo constrained, then again, is a private firm possessed by the Ventriglias. The case is progressing as far back as nine years with no productive outcome. In any case, the most recent declaration looking into the issue is promising and it is normal that the outcomes will be reported soon.
Continue reading Zambezi Portland Cement Is Soon Expected To Go Back To Its Real Owner, Dr. Rajan Mahtani
The case on Zambezi Portland Cement has been going on for nine years now. This clearly demonstrates the inability of the government to bring justice and the rampant corruption that can be seen both outsides and inside the government. Dr. Rajan Lekhraj Mahtani, a noted businessman, philanthropist and social worker, has been fighting this war over Zambezi Portland Cement at the Lusaka High Court. If the reports and expert opinions are to be listened, Dr. Rajan Mahtani and his team have all evidence and statements to prove their legal claim to the factory. On the other hand, the Ventriglias are yet to submit any strong evidence to support their counterclaim that Dr. Mahtani has not paid for the shares he owns at Zambezi Portland Cement. At the same time, it has been observed that the Ventriglias have either skipped court proceedings or made excuses whenever they were asked to submit evidence. This is one of the prime reasons for this long-tenure of the high-profile corporate case.
Continue reading High Court’s Clarification On Zambezi Portland Is Good News, Experts Say
Dr. Rajan Mahtani is a known personality in Zambia. He has been living in the nation for more than three decades and has successfully built his empire from scratch. Some of his companies such as Mahtani Group of Companies and Finsbury Investments have not only carved a niche for themselves in their respective sectors but have also received various awards and achievements for their work. Even Dr. Rajan Mahtani is known for his philanthropic activities and charitable work. For the past ten years, Dr. Mahtani has been fighting a case over the legal rights of Zambezi Portland Cement.
Continue reading With New Announcement From Lusaka Hc, Dr. Mahtani Eyes Big Win
The Zambezi Portland Cement, whose fate is hanging in balance, may soon get a new life with an announcement of its rightful owner. The case was launched when the Ventriglias allegedly took over the Zambezi Portland Cement. The factory was under the leadership of Dr. Rajan Mahtani when it blossomed and the factory produced in surplus. The workers were also paid well and the factory quickly became a favorite employer in the province. However, the situation has not been the same since its illegal takeover by the Ventriglias. The Ventriglias are known for their unethical practices, manhandling and forcing individuals and entities to bend in their ways. While the Ventriglias opted for goons to enter the factory and capture it illegally, Dr. Mahtani is an honest person and took the help of law to get what he rightfully his.
Continue reading Judgement On Zambezi Portland Cement Is Expected Soon By Lusaka Hc
Dr. Rajan Mahtani is certainly hoping for positive results in the case of his company Finsbury and the defendant Ital Terrazzo Limited. Finsbury Investment is under Dr. Rajan Mahtani, a pioneer businessman and charity worker in Zambia. Ital Terrazzo limited, on the other hand, is a private firm owned by the Ventriglias. The case is ongoing for the past nine years without any fruitful result. However, the latest announcement on the case is promising and it is expected that the results will be announced soon.
Continue reading Dr. Rajan Mahtani Looking For A Positive Result At The Lusaka High Court
The recent announcement made by the Lusaka High Court gives new hope to Dr. Rajan Lekhraj Mahtani. The case was for shareholding & ownership of Zambezi Portland Cement, a cement factory that has been captured by the Ventriglias for more than 9 years. The age of this case is also same as Dr. Mahtani is fighting this case for almost 9 years now. The case was registered under Finsbury Investments owned by Dr. Mahtani and the defendant was Ital Terrazzo Limited, a private firm maintained and owned by the Ventriglias.
Continue reading Dr. Rajan Mahtani Expects Big Win At The Lusaka High Court