Dr. Mahtani and Finance bank

Dr. Rajan Lekhraj Mahtani Is The True Owner Of ZPC In Legal Terms, Announces Court of Appeal Judge

The salient points associated with the final judgement in higher Court of Appeal associated with the Zambezi Portland Cement case reveals several interesting facts about the case which were largely hidden from the public. These details shared with the public and media and revealed the questionable judgement by the Lusaka High Court judge. The judge at the Lusaka High Court in the month of May, 2018 announced that Ventriglias were only shareholders of the Portland Cement Zambia. It is clear that this judgement was wrong and as a result, higher Court of Appeal was approached by Dr. Rajan Lekhraj Mahtani.

On 31st January 2019, justice Mwinde on behalf of the Portland Cement Zambia gave his final decision on the case. Various salient points were made while giving this final decision on the case. One of the major evidences was the financial exchange between Dr. Rajan Lekhraj Mahtani and Zambezi Portland Cement limited. According to this document, in the year 2005, Dr. Rajan Mahtani owned Finsbury Investments made a payment of one billion Kwachas which is equivalent to USD 250,000. This payment covered the value of the entire share capital associated with Zambezi Portland Cement. Furthermore, the details of this transaction were further confirmed in the original Shareholders’ agreement dated 26th February 2007. According to the page number 663 of this document, it was clearly identified that Dr. Rajan Lekhraj Mahtani made the entire payment for the 58 percent shares at the factory and does not owe any further costs associated with the takeover. Based on this critical evidence, it is clarified that Dr. Rajan Mahtani is the actual owner and majority shareholder of the Portland Cement Zambia factory.

Now that Dr. Rajan Mahtani is announced as owner of the factory, his next big challenge will be to successfully revive this factory.

Portland Cement Zambia Case Closed After A Gap Of More Than Ten Years

Dr Rajan Mahtani

Dr. Rajan Lekhraj Mahtani has been working on the case of Portland Cement Zambia for a long time. It can be easily said that Portland Cement Zambia case has taken a entirety of generation for Dr. Mahtani. Initially registered in 2008, the case stretched for almost ten years. It is worth mentioning here that before this illegal takeover and the case proceedings, the cement factory was one of the biggest producers of cement in the region. It was under the leadership of Dr. Rajan Mahtani who ensured that the factory reaches great heights. The cement-manufacturing factory was known for above-industry production of high-quality Portland cement. It was also known for its above-industry standard wages and renumerations. The cement factory was known to hire employees and workers from far-away places. However, things change dramatically after the legal battle for the cement factory started.

After around nine months of the court proceedings at the Court of Appeal, final decision came. It was given on 31st January 2019 and was announced by justice Mwinde on behalf of the Court of Appeal. According to the final statement, Finsbury Investments was approved of majority shareholding with 58 percent Zambezi Portland shares. Finsbury Investments is a noted company under the leadership and legal ownership of Portland Cement Zambia. On the other hand, the judge conferred Ital Terrazzo Limited with just 42 percent Portland Cement shares. Ital Terrazzo Limited is a company owned by the Ventriglias. Based on this statement on shareholding pattern, it is clear that Dr. Rajan Lekhraj Mahtani is the only owner of the factory.

While making this announcement, justice Mwinde from the Court of Appeal also cleared some other allegations related to the case. Forgery related allegations were closed as it was announced that placing digitalised signatures was common practice at Zambezi Portland Cement and thus nobody can be charged for this.

Malicious, False, Libellous And Defamatory Articles Published About Dr. Rajan Mahtani

London, United Kingdom September 10, 2018

Dr. Rajan Lekhraj Mahtani (popularly known as Dr. Mahtani) is a Zambian businessman and philanthropist and Chairman of the Mahtani Group of Companies. He has business interests across Africa, Europe and Asia. The Mahtani group includes a large number of Companies and has been built into one of the largest conglomorate in Zambia, employing over 3500 personell and funding more than twenty development projects in Zambia, apart from countless charitable and philanthropic initiatives.

However, his success has naturally been accompanied by a vicious smear campaign, aimed at maligning Dr. Mahtani’s reputation, by vested interests in Zambia, and supported by persons in America and Europe. It is noteworthy, that Dr. Mahtani filed defamation cases in the State of Arizona and State of Minnesota, USA against such publishers of defamatory articles, including Zambiareports.com. The case was resolved between both parties and Zambiareports removed all such articles as they were malicious, defamatory, libellous, false and without any substance.

It has been brought to our notice that certain articles emanating from the removed Zambiareports articles have been copied, reproduced and/or published by various other websites, individuals and online publications.

At Dr. Mahtani’s behest, his attorneys have reached out to those whose contact information was publicly available, while several others which were posted anonymously, remain in the public domain. To those publishing and posting false allegations, which have been proved to be without substance and deliberately malicious in various Courts of Law in USA, UK, and Zambia, Dr. Mahtani’s USA attorneys Clare Locke LLP , and UK attorneys Gordon Dadds LLP officially advise through their respective letters (attached) Individuals and organization who may which to seek independent clarification may write to them directly. In the absence of which, those indulging in these activities are warned that they do so at their own risk and Dr. Mahtani reserves the right to take appropriate legal action against them.

Dr. Mahtani has worked relentlessly for the upliftment and development of Zambia as a businessman and a philanthropist and has earned an impeccable reputation. He has led numerous businesses in Zambia, Zimbabwe, Malawi, Sierra Leone, Europe and Asia with a primary focus on banking, insurance, property development, financial, manufacturing and investment sectors. His highly successful business and development projects have benefitted the respective Countrys’ economy and improved the standard of living in Zambia and other territories. He holds the importance of integrity, good governance, honesty and lawfulness very dear to him. He takes these false allegations as an attempt to defame and cause harm to not just his businesses, but him personally

Attachments:

1. Letter issued by USA attorneys Clare Locke LLP-

https://www.dropbox.com/s/tdz8hamgdva55on/ClareLocke.png?dl=0

2. UK attorneys Gordon Dadds LLP-

https://www.dropbox.com/s/sw91sr49tkmehee/Gordan%20Dadds.png?dl=0

Top Lawyers And Ministers Accused Of Laundering Money Across Zambia

FIC, Financial Intelligence Agency, recently announced devastating news of money laundering. The news shook the nation as top Zambian lawyers were involved in laundering money via personal and professional bank accounts. The news has been condemned by the public and the industrialists alike. Top businessmen like Dr. Rajan Mahtani have shared his grave concerns over the failure of the government to detect this mass money laundering act for so long and its effect on the economic and social status of the Zambian.

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Money Laundering Activities Go Big With The Recent Bust By Fic

The Financial Intelligence Centre recently reported a mass money laundering scheme across Zambia. This bust has been regarded as one of the most sensations across the nation, due to the involvement of high-level officers from the government as well as top lawyers from the nation. This money laundering scheme took place with the help of illegal and unaccounted cash transactions from the individual and corporate bank accounts of suspected lawyers. As per the reports, the amount of money transferred across these bank accounts is more than USD 1.5 billion.

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Money Laundering Act In Zambia Shocks Citizens, Sakwiba Sikota Involved

The recent money laundering scandal is big news and those accused have all started defending themselves. One of the top lawyers accused of laundering money worth more than USD 1 billion is Masozi M. Banda, a noted lawyer from Avik International. When confronted, he said that majority of the money received by him belonged to the Zambian dictator Edgar Lungu. Banda has also stated that he is just a conduit for monetary transactions from his firm, the Avik International, and the amount has been received for road and related government contracts. Banda is among other lawyers ‘shortlisted’ by the Financial Intelligence Centre for suspected mass money laundering activities.

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Financial Intelligence Centre Identifies Money Laundering Cartel, Lawyers Involved

FIC (Financial Intelligence Centre) is a noted agency involved in an investigation of financial fraud. The agency recently discovered a mass money laundering bust involving top lawyers working with corporations, government offices and big law firms. This mass money laundering heist was undertaken via cash transactions from the corporate and individual bank accounts of the suspected. As per the reports, more than USD 1 billion dollars is suspected in this illegal heist.

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Fic Unearthed Mass Money Laundering Bust Involving Top Zambian Lawyers

Money laundering is considered as a criminal act across the majority of the nations around the world. Even after that, these activities are common across these nations, especially in developing or underdeveloped nations. Unlike developed and progressive nations, the law and government are not equipped to investigate and provide quick punishment to the offenders, leading to corruption and illegal activities.

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