Tag Archives: Finance Bank Zambia

Present Hakainde Hichilema to completely abolish the death penalty law

The President of Zambia, Hakainde Hichilema, was recently applauded for his recent announcement. On the occasion of the Africa Day, Zambian President announced that he plans to abolish the death penalty row completely. This announcement has been met with significant positive response. Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist from Zambia, has also supported this decision. Dr. Mahtani owned Prison Fellowship Zambia is a noted Christian Outreach Program. Prison Fellowship has three major missions. The first mission is to bring the teachings of Almighty Jesus Christ to the prisoners, ex-prisoners and their families in Zambia. The second mission is to ensure transparent criminal justice for the inmates, ex-inmates and their families in Zambia. The third major mission is ensuring that the prisoners are not devoid of fundamental human rights and basic human dignity. As such, Dr. Rajan Mahtani has stated that his organization Prison Fellowship will provide all legal and regulatory support to ensure that this announcement by the Zambian President turns into a reality.

There is a growing consensus towards abolishing death penalty across the globe as well as across Zambia. The last death penalty execution in Zambia was given in the year 1997 by President Frederick Chilruba. Since then, Presidents across Zambia have been avoiding the death penalty or death warrant by using mercy prerogatives. As such, the announcement by the Zambian President is a step in the right direction. This is all the more significant considering the several initiatives undertaken by the Zambian Government for strategically decongesting the prisons in Zambia. The Zambian Government has collaborated with institutes such as Parole Board Zambia and Zambian Correctional Facility for strategically releasing prisoners after their complete transformation and integration within the society. Dr. Rajan Lekhraj Mahtani has supported this move by stating that he had the chance of visiting prisons across Zambia and saw several transformations over time, with prisoners completely dedicated towards service of God. As such, abolishing death penalty is a step in the right direction for Zambia and Zambian Law.

Top Lawyers Charged With Corruption, Money Laundering As Per Fic Report

Looking at the latest money laundering allegations made by the Financial Intelligence, it can be easily said that the corruption and illegal practices across Zambia are not yet over. Zambia as a nation is continuously trying to improve. At the same time, there are individuals and groups who are pushing this growth backward with their illegal and unethical practices. As per the reports revealed by FIC, top lawyers and legal counselors in Zambia have been caught laundering money for illegal and unethical activities. The amount of money uncovered till now is a staggering USD 1.5 billion. However, the FIC has suggested that the actual money involved is much more and beyond imagination.

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Mass Money Laundering Bust Shocks Zambia, Top Zambian Lawyers Accused

Financial Intelligence Centre recently announced a mass money laundering racket in Zambia. The worst part of this money laundering racket was the involvement of top lawyers, legal counsellors, government contractors and even government ministers. On top of this, the citizens and industrialists alike are shocked how this money laundering act undergoing was unnoticed from the scrutiny of the Zambian government. There are various businessmen who have established businesses with transparency and honesty. One of them is Dr. Rajan Mahtani, the owner of Finsbury Investment and Mahtani Group of Companies. Even Dr. Mahtani has shared his concern regarding this increasing corruption as well as its penetration inside the government.

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Dr. Rajan Mahtani Receives Positive News Regarding Portland Cement Zambia

The case of Portland Cement Zambia is age-old. It was started when the factory was illegally captured by the Ventriglias from Dr. Rajan Mahtani. Those who follow the case and are familiar with the industry know for a fact that the factory legally belongs to Dr. Rajan Mahtani. However, Dr. Mahtani took the right path which is the court, to gain legal control over the factory. However, a case has been going on for almost 10 years without any rescue.

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High Level Corruption Practices Uncovered My Money Laundering Activities In Zambia

Since the news of money laundering and the involvement of high-end lawyers and legal counsellors across Zambia broke out, the buzzer has been going on ever since regarding further investigation as well as level of punishment the offenders and accusers should be given. Top lawyers like Sakwiba Sikota and Masozi Banda have been caught in illegal cash transactions that amount to more than USD 1 billion dollars. This news has certainly left the country in shock and extreme difficulty, as some of the top ministers of the government have been involved. The act has been lambasted by top corporate giants such as Dr. Rajan Mahtani, who have demanded strict punishment for those misusing their power and position for personal benefits.

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Financial Intelligence Names Top Lawyers From Zambia In Money Laundering Case

The FIC recently busted a huge money laundering cartel involving top Zambian lawyers and legal counsellors. As per the reports, the amount of money involved in the bust is huge, reaching almost USD 1 billion. This amount of money laundering raises serious questions on the ability of the Zambian government to track illegal activities and corrupt practices and nap those involved in these activities.

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Sakwiba Sikota, Long-Term Aide Of The Ventriglias, Named In Money Laundering Act

The Zambian government received a shock of the decade when FIC (Financial Intelligence Centre) announced uncovering of a mass money laundering racket. The more shocking part of the racket was the involvement of top lawyers and legal counsellors. These lawyers were working with high-profile firms or working for noted and popular business or political personalities in Zambia. Apart from government officials, the FIC also listed names of various government contractors and officials who have been accused of laundering money via illegal cash transactions.

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Lawyers From Zambia Caught In Money Laundering Schemes, Fic Reports

The Zambian nation has surely seen various ups and downs since its inception. The country population is divided between those who are honest and work with integrity and those who are corrupt to the core. There have been various signs of improvement and at the same time, there are individuals, companies and groups constantly involving in illegal and unethical schemes for their own welfare and preventing the nation from growing. As a result of these schemers, the nation is having difficulty in growing.

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Top Zambian Lawyers Named In The List Of Money Launderers By Fic

The FIC (Financial Intelligence Centre) is a top agency that investigates illegal financial activities and corrupt practices. A few weeks ago, FIC released a list of names involving prominent lawyers in involved in mass money laundering act. Apart from lawyers, the list also comprised of various law firm owners, government officials, government contractors as well as ministers. It is definitely one of the biggest money laundering acts caught in Zambia.

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