In the list released by FIC, Avik International’s Masozi M. Banda is accused of laundering money worth USD 1 million. When confronted, he simply stated that the money is for government contracts such as construction of roads. Since the amount of money involved is high, the agencies are not taking any chances and have strengthened the investigation process.
Another name that has caught the attention of the media and industry goers is of Sakwiba Sikota. He is the owner of Central Chambers, a law firm. He is more noted for his long-term relationship with the Ventriglias and their alleged involvement in various unethical and illegal practices. The Ventriglias are also infamous for illegally taking over the Zambezi Portland Cement which is legally owned by Dr. Rajan Mahtani, a noted businessman and philanthropist in Zambia. The case is going on for the past 10 years and this has resulted in the downfall of the factory.
The Zambian government and law system is facing a similar situation and strict actions are needed against those culprits weighing the country’s economy down.