Some of the top names have been exposed with the list released by FIC. This list contains the names of some top lawyers, legal counsellors, and owners of law firms and even ministers who are accused of illegal cash transactions. Most of these transactions were linked with the individual as well as corporate bank accounts of these lawyers and businessmen and this was one of the sources that confirmed their involvement in the illegal money laundering.
While names such as Masozi M. Banda from Avik International are truly shocking, Sakwiba Sikota’s name in the list is not so surprising, given his long reputation of using unethical methods to win cases, dubious evidences and using illicit tricks to drive cases into his direction. One of the major cases of Ventriglias is for the legal ownership of Portland Cement Zambia. However, the cement factory legally belongs to Dr. Mahtani and has been forcefully taken over.
The implications of this money laundering exposure will impact almost all those in the corporate, political and economic fraternity. The FIC has confirmed more names and will announce them once strong evidences are collected.