BancABC’s takeover on Finance Bank Zambia will benefit Zambia

The news of BancABC’s plan to takeover the Finance Bank Zambia has spread like a wild fire.  People in Africa and around the world are well informed about this takeover and it is expected that this transaction will aid Zambia’s development.

The current value of FBZ’s asset is somewhere close to US $ 261 million. The same valuation will now add up to the existing asset valuation of BancABC and will reflect a consolidated figure of US $ 418 million. The development will make BancABC as the largest bank in Zambia. The news of the takeover was first given by Atlas Mara, who is a stakeholder in BancABC. Shortly after the news had circulated, Dr. Rajan Mahtani too confirmed about the same.

Finance Bank Zambia

An employee of FBZ comments, “It is a pleasure for us to be a part of the sixth largest bank of Zambia. Moreover, with this takeover, we will now be working for Zambia’s largest bank. Dr. Rajan Mahtani had offered us a job previously, now he has offered us a better opportunity. We are thankful to him.”

The conspirators did try to interrupt this auspicious occasion, but the same was dismissed by the authorities and BancABC. At the present, the world will witness one of the biggest takeovers in history of Zambia. The locals as well as international figures are well aware of the benefits which will arise out of this transaction. Facilities like more ATMs, more branches, greater employment opportunities and better banking facilities are few of the immediate benefits that will arise with the takeover. Nevertheless, the locals should not forget that soon there will be a lot of malign articles coming from Zambia Reports as the conspirators would be desperate to make their presence felt through imaginative stories and absurd claims.

Dr. Rajan Mahtani has given Zambia one more reason to smile.

Dr. Rajan Mahtani smiles over BancABC’s plan to takeover FBZ

One of the most talked about topics in recent days is BancABC’s plan to takeover the Finance Bank of Zambia. The same news was confirmed by Atlas Mara, a majority shareholder of BancABC. This is probably the biggest takeover of a commercial bank that Zambia has ever seen. The combined assets after the takeover is likely to be somewhere close to USD $ 418 million.

As per the prevailing condition, Dr. Rajan Mahtani, former Chairman of FBZ, has too confirmed this news and is extremely pleased with the proceedings. The deal will include cash as well as shares of BancABC. According to confirmed reports, the Finance Bank of Zambia would be getting USD $ 60 million in cash and another USD $ 2.6 million in shares. To sum up, the total value of the deal is close to USD $ 62.6 million.

Dr. Rajan Mahtani

The mutual party in this deal is Dr. Rajan Mahtani. He holds an important position in Atlas Mara and also is the former Chairman of FBZ. This means that most of the threats which are connected with takeovers would be eliminated immediately. The existing employees would continue to work and the plans and policies would be upgraded along with better technological updates.

Dr. Rajan Lekhraj Mahtani has indeed played a masterstroke by merging two of the most famous banks in Zambia and combining them into one. The merger would result in the development of Zambia’s largest bank. An employee of FBZ commented, “I am very excited to hear this news. Over the years, I was working for Zambia’s sixth largest bank and today I can proudly say that I’ll be soon working for Zambia’s largest bank. Thank you Dr. Rajan Mahtani, we consider ourselves as fortunate to be able to work under you. You will always have our support.”

Lies, Lies and Lies by Zambia Reports to defame Dr. Rajan Mahtani

Zambia Reports, a so called news portal, has a peculiar habit of concealing the truth and spreading the lies. Over a specific time period, it has fulfilled the objective of its financier, the Ventriglia family. Dr. Rajan Mahtani has been the victim here as a weekly defamation campaign has assassinated his character and reputation in public.

In a recent article, Zambia Reports has proudly claimed that Dr. Rajan Mahtani is possessing the intent of taking over the Nitrogen Chemicals of Zambia Ltd. The whole article talks about how a loan has to been forwarded to NCZ by the Finance Bank of Zambia and an arrangement has been made with a view to have the management of the borrower. However, the whole story doesn’t exist in reality.

Dr. Rajan Mahtani

The argument and claims made in the article written by the authors is purely imaginative. In reality, neither the Finance Bank, nor Dr. Rajan Mahtani himself has offered any loan facility to NZC. Zambia Reports has simply used its imagination to create a fictitious article and mislead the African citizens.

Mr. Nchito, a Zambian citizen, states, “Zambia Reports has been cursed by its own greed. It is absolutely ridiculous of them to do something as low as this. They put the journalism of Zambia to shame with their defamation campaign. Moreover, Sakwiba Sikota has lost all his morals and is looking forward to accumulate as much wealth as possible from the Ventriglias.”

To sum up, one can easily say that Zambia Reports has now become a portal which is full of lies and fabricated stories. It’s only intent is to ridicule people and fill their pockets with money that is offered by the conspirators. Where were they when their financiers had tried to tamper records with PACRA? Where was Zambia Reports when the Zambezi Portland Cement Factory’s cash box was looted?

Dr. Rajan Mahtani, the reason behind a thousand smiles

When it comes to business, very few people in Zambia are as active as the chairman of the Mahtani Group of Companies, Dr. Rajan Mahtani. The slightest of opportunity gets converted into a handsome deal when Dr. Mahtani is one of the parties who is entertaining the deal. An exclusive example of his ability was displayed when MGC entered into a deal with the Sunbird Group to setup a new bio-ethanol plant in Luapula province.

Dr. Rajan Mahtani

According to the deal, the two giants would work on a project in the Luapula province where cassava will be used as a basic input to produce green energy. Moreover, the locals will also have an opportunity to get employed as 2, 000 direct vacancies are on offer. It is a well-known fact that presence of a factory in any region results is wide scale development of the area. Ranging from direct employments to indirect employment, almost every person in the area gets involved with it. Therefore, it is evident that the unemployment rate in the area will face a dramatic fall.

The estimated value of the project is close to USD $150 million and the project is scheduled to start in November 2015. This deal as come as a blessing in disguise for the locals. Sources, claim that an additional employment of 5, 000 workers will be made through indirect means. Ever since, the news regarding this deal has been spread amongst people of Luapula have started to celebrate this development. Dicato, a native comments, “After being unemployed for a long period of time, Dr. Rajan Mahtani has finally given me a chance to prove my worth. We all are really excited about the upcoming bio-ethanol plant and are looking forward to be a part of Zambia’s development. Thank you Dr. Mahtani, we will always remain obliged to your contributions!”

Dr. Rajan Mahtani is fighting for Zambians, but is the Government?

Dr. Rajan Mahtani, the former Chairman of Finance Bank Zambia, has taken one of the biggest initiative in the history of Zambia. He has taken the fight for the Zambezi Portland Cement Factory to the High Court with a view to preserve the interest of his Zambian brothers. An oppression which has continued ever since April 2015, will now soon come to an end as the date of hearing is approaching closer.

The Italian Mafias, also known as The Ventriglia family, has used a channel of corruption to fulfil its needs. In their quest of taking over the Zambezi Portland Cement Factory, they have successfully managed to bribe news portals as well as political figures. However, one thing that these Italian Mafias have forgot is that Zambia is not a land of corruption and when the Government fails to preserve the interest of the citizens, there are citizens like Dr. Rajan Mahtani, who will stand as a barrier between foreign Mafias and the dignity of Zambian citizens.

Dr. Rajan Mahtani

It has almost been six months now and the Government of Zambia has done nothing to aid the workers who now face oppression in the Zambezi Portland Cement Factory. On the morning of 7th April, 2015, the Ventriglia family took over ZPC by force and since then, they are in charge of the factory. Knowing this very well, the Government has still failed to take a step against the Italian Mafias and offer adequate relief to its own citizens.

It can be regarded that Dr. Rajan Mahtani is the lone soldier who is fighting on behalf of the Zambians. Though a businessman by professions, his leadership skills has definitely helped the Zambians to have a hope of light against the Ventriglias, who at the moment look firm with their corrupt activities and bribery scandals.

Zambia Reports should stop defaming Dr. Rajan Lekhraj Mahtani, Zambia

As a new week starts, the writers of the Zambia Reports are once again under the pressure to produce something which will harm the reputation of former Finance Bank Chairman, Dr. Rajan Lekhraj Mahtani, Zambia. To come up with something interesting and out of the box, this time the writers have used their imagination to create a story which talks about how Dr. Mahtani plans to grab the Nitrogen Chemicals of Zambia Ltd (NCZ).

The storyline was quickly framed that NCZ has availed a loan from the Finance Bank and the conspirators wasted no time in claiming that the next step would be the foreclosure of the bank. However, the authors have once again to fail do their homework, or it can be regarded that they are not well versed with the banking rules in Zambia. The truth is that no loan has been forwarded to NCZ. It is rumours that are being transformed into a storyline.

Dr. Rajan Lekhraj Mahtani

Zambia Reports has once again tried to create a story against Dr. Rajan Lekhraj Mahtani, Zambia, which is full of lies and based on imagination. In this way, they have only themselves to blame as they are constantly trying to mislead the public and unsettle the prevailing harmony in Zambia. Dr. Rajan Mahtani is a reputed businessman is Zambia and most importantly, a pioneer of development. He has offered various loan facilities to numerous units, but the name of Nitrogen Chemicals of Zambia Ltd., is nowhere in the list. Sadly, the conspirators have once again poked their nose in this regard. If the conspirators feel that they have a valid point, then they should come out in open and say the same. Hiding behind the curtains of Zambia Reports signifies their cowardness.

Choose your actions wisely, as God is watching you and your actions!

Dr. Rajan Lekhraj Mahtani comes to rescue workers

The workers of the Zambezi Portland Cement have been in a trauma for the past 6 months. During this period the management of the factory, the Ventriglia family, has implemented mismanagement in the best possible way to leak the factory cash into their personal bank accounts. However, during this massacre, there was one person who had the courage to raise his voice in front of the Italian Mafias. His name is Dr. Rajan Lekhraj Mahtani.

Dr. Rajan Lekhraj Mahtani is currently operating the Mahtani Group of Companies and is the former Chairman of Finance Bank Zambia. His popularity in Zambia is guided by two factors, namely, his dedication towards developing Zambia and his will to fight against the wrong. The Ventriglia family has tried numerous ways to harass Dr. Mahtani, but they have never been successful in operating their defamation campaign.

Dr. Rajan Lekhraj Mahtani

Dr. Rajan Lekhraj Mahtani has been closely monitoring the events at the Zambezi Portland Cement factory ever since the Ventriglia family used cheap tactics to takeover the factory in April 2015. But, it doesn’t mean that they have the liberty to operate above the Law. In Zambia, people are bound to abide by the law and maintain certain discipline.

A month back, the Ventriglia family was caught red handed as they attempted to tamper the records in the official register of PACRA. The news had put Zambia to shame as this level of corruption was never seen before. Thought the Ventriglia family has always tried to get things done through bribery and force, they have only managed to bag two in their favour, namely, Zambia Reports and Sakwiba Sikota. It is being rumoured that Rupiah Banda has also joined hands with the Ventriglias to settle scores against the former Finance Bank Chairman, one and only, Dr. Rajan Lekhraj Mahtani.

Dr. Rajan Lekhraj Mahtani is not a criminal, hence moves freely

There is a lot of news which surrounds Dr. Rajan Lekhraj Mahtani. Most of them, usually written by Zambia Reports shows him as a culprit who is devoid of any morals and has been constantly involved in corruption. The truth, however, is far from what is being portrayed. Eventually, the people have come to know about the exact state of affairs in Zambia and the involvement of Zambia Reports with the conspirators.

Dr. Rajan Lekhraj Mahtani does not fear anybody. The main reason behind such a fearless mind is the satisfaction of being a God’s child. A person who has constantly being involved in helping poor and working with a heart to foster Zambia’s Development cannot even think of betraying his motherland in return for some monetary benefits. This is why he is always available in front of the media and participates in various social causes.

Dr. Rajan Lekhraj Mahtani

On the other hand, Zambia Reports, who proudly claims the fact that they have encountered the dark side of Dr. Rajan Lekhraj Mahtani should realize that it is their imagination which is making them do such stupid acts. If they do believe that the claims which are made by its authors and publishers are true, then why don’t they come out in open and assure everybody else about the same? Why are they living behind the curtains and are using small pieces of imaginative stories to justify their statements?

The truth is- people who are honest to themselves and the world have nothing to fear. They meet with people, share a laugh, understand the needs of the nation and loves to be a part of a social cause. Sadly, people who have a feeling of guilt in their heart always avoid the society and confine themselves to dark corners of the room where the devil instructs them to take the next move.

Portland Cement Zambia Running in Profits No More

The cases of individuals becoming rich from the rags have been witnessed by millions of companies and individuals. However, this time around, the story of Portland Cement Zambia has been tragic and mysterious, as the company that yielded a revenue of $5 million per month, is now running in losses.

The mysterious change in the revenue of this leading cement company has occurred following the change in management group six months ago. Ventriglia family took the initiative to run the Portland Cement factory legally. They have been handling the company for six months only, and Portland Cement Zambia has faced a steep downfall in this period.

Reports state that the Ventriglias, commonly known as the Italian Mafias, have mismanaged the operations of the company drastically. Apart from this, the harmony in the production and operation departments has been disrupted in the last six months, resulting in the losses. According to rumors, ill-treatment with workers and mismanagement of funds have been a common story in the Portland Cement Zambia’s premise.

Portland Cement Zambia

The Ventriglia family has been accused of consistent bribery within the premise. Sources claim that they withdraw factory funds to boost up the balance of their off-shore personal bank accounts. This is not the first time that the existing management group is being accused of cheating the law and business.

Another occasion when the entire nation was shocked to see the true colors of Ventriglia family happened a few days ago; when the Italian Mafia’s lawyer forced changes in the records of PACRA unofficially. The management group claimed that Dr. Rajan Mahtani has connections with this Cement factory no more. However, PACRA took a needful step of rectifying the records as soon as it detected the nuisance caused by the Ventriglias.

With multiple attempts of cheating and bribery at the Portland Cement Zambia, one can determine that the only interest of the existing management group is to make personal profits, rather than company’s development.

Dr. Rajan Mahtani returns to Zambia, Conspiracy starts again!

Recently Dr. Rajan Mahtani returned from London where he was avail treatment for his poor health. As soon as he had stepped in Zambia, the conspirators once again got busy in preparing defamatory news for him. As per the latest article of Zambia Reports, Dr. Rajan Mahtani had travelled to England because he wanted to save himself from the clutches of law. However, the truth is totally the opposite!

Dr. Rajan Mahtani had gone abroad because he was suffering from poor health conditions. Immediate attention was required for him and hence, under serious circumstances he had to leave Zambia and the fight for Zambezi Portland Cement Factory. A letter from the health official in England is attached below:

Dr. Mahtani Dr. Rajan Mahtani

It’s a shame on the conspirators to disrespect a person like Dr. Rajan Mahtani. It is understood that they have a financial interest in this regard, but harassing a senior citizen is totally out of the context. This clearly indicates that the conspirators can go down to any level for the sake of few Kwachas.

If Zambia Reports feels that they are supporting the truth, then why did they keep silence when the lawyer of the Ventriglias tried to make the changes in PACRA’s record? Where were they when the cash box of Zambezi Portland Cement Factory was robbed day after day? Where were they when the Ventriglias were terminating employees without any feasible reason? The answer is behind the doors, where they were busy counting the revenue which were offered by the Ventriglias.

It is a shame that Zambia has to bear articles of Zambia Reports. Dr. Rajan Mahtani has constantly been targeted and attacked by the conspirators with the aid of fake claims. Sadly, the government of Zambia has nothing to protect the interest of its senior citizen nor has it come out with a solution to prevent this massacre.