Rajan Lekhraj Mahtani Zambia

Supreme Court Of Zambia Announces Dr. Mahtani As The Penultimate Owner Of Portland Cement

In a surprising turn of events, the Ventriglia family decided to make an appeal to the Supreme Court of Zambia after the higher Court of Appeal dismissed their plea and announced Dr. Rajan Lekhraj Mahtani as the majority shareholder and legal owner of the Portland Cement Zambia factory. Dr. Rajan Mahtani is a prominent businessman in Zambia who has been fighting for the legal takeover of the factory for a long time. First it was Lusaka High Court where the case was registered by Dr. Rajan Mahtani claiming that the factory was unethically taken over from him. However, more than a decade of case proceedings as well as several strong evidences did not give any respite to Dr. Rajan Mahtani as the judge at the Lusaka High Court went against the evidences and conferred the Ventriglias as the only owners of the Portland Cement Zambia factory.

Notwithstanding this unethical decision, Dr. Rajan Mahtani rightly approached the higher Court of Appeal. The judge at the higher Court of Appeal was justice Siwvwapa who after looking into the evidences and testimonials, announced Dr. Rajan Mahtani as the majority shareholder of the factory with 58 percent shares. Thus, the Court of Appeal overthrew the judgement from the lower higher Court and gave a transparent decision.

However, the Ventriglias decided to further drag the case by approaching the Supreme Court of Zambia, the highest court in any nation. However, this decision proved to be fatal as the bench established at the Supreme Court comprising of SC judges rejected the appeal on ethical and legal grounds. According to the legal grounds, the Ventriglias must have made the appeal within 14 days after the judgement from the higher Court of Appeal which they did not. As such, their appeal on challenging the higher Court of Appeal becomes invalid. Second, the bench of SC judges confirmed that the appeal had no circumstances or proof to be accepted. As such, Dr. Rajan Mahtani remains the actual owner of the Portland Cement Zambia factory.

Rajan Mahtani

Emmanuel Bwalya Kaluba Receives The 2018-19 Steven Malama Award By Dr. Mahtani

Dr. Rajan Mahtani is an established businessman in Zambia. In his more than three decades of business experience, Dr. Rajan Mahtani successfully instituted top companies in Zambia, including but not limited to Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. Apart from his business acumen, Dr. Mahtani is also noted for his several philanthropic activities and charitable contributions. Since his early business success, Dr. Mahtani has been involved in several philanthropic contributions to numerous sectors of Zambia such as environment, economy, senior citizens and correctional facilities. One of his most impactful philanthropic contributions in the field of education has been instituting the Steven Malama award.

The Steven Malama award was instituted by Dr. Rajan Lekhraj Mahtani in memory of the late Steven Malama, a noted visionary in the field of law and legal education and a close friend of Dr. Rajan Mahtani. Late Steven Malama was known for persuading the Zambian Government towards merger of two distinct bars, Barrister’s Bar and Solicitor’s Bar. After the successful merger, many legal professionals and law enthusiasts are now able to complete bar affiliation in a much easier manner. Dr. Rajan Mahtani rightly decided that the best way to honour these contributions is to establish the Steven Malama award that would encourage law graduates and law students to be more like the late visionary.

The award was established in the year 2012 and was given for the first time in 2013. Since then, the award is given every year to deserving students. The recipient of the award include top graduating student of the Zambia Institute of Advanced Legal Education and also qualifier of the bar in their first attempt. The award for the year 2018-019 was received by Emmanuel Bwalya Kaluba. The award included a plaque, certificate and award money worth K15,000 that has helped deserving students with significant financial contributions. This philanthropic contribution by Dr. Rajan Mahtani was also shared at the Daily Mail.

Dr. Mahtani and Zambia

With heaps of evidences, Dr. Rajan Lekhraj Mahtani declared winner of the Zambezi Portland Case

There are individuals who engage in philanthropic activities only with the objective of gaining followings or establishing a positive perception among media and public. However, only few individuals are present who engage in these activities only in private for the welfare of the public. Dr. Rajan Lekhraj Mahtani is among those few businessmen in Zambia who is not only considered as among the most ethical and transparent business person in Zambia but is also noted for his charitable and philanthropic activities which often go unnoticed due to lack of publicity or any highlights. During his long business career in Zambia as well as other major nations such as United Kingdom, Dr. Mahtani has provided social, financial and economic relief to the local communities in various ways. Be it his charity activities for improvement of correctional centres in Zambia, donations to NGOs and environmental agencies as well as establishing businesses and ventures for providing employment opportunities to the local communities. Dr. Mahtani has always focussed on the people and their benefits before thinking of his own and his organisations. Despite this, majority of the organisations under the ownership of Dr. Rajan Mahtani have remained profitable since their inceptions. This has been possible by good management of people, increased motivation and therefore increased productivities.

The case of Portland Cement Zambia is same as it was established and run by Dr. Rajan Lekhraj Mahtani and achieved significant milestones under his leadership. After its unlawful takeover, Lusaka High Court was approached but the court failed to provide judgement despite dragging the case for more than a decade. However, Court of Appeal gave quick and accurate judgement on 31st January 2019 after looking into evidences like original shareholders agreement, financial transaction of 1 billion kwachas between Dr. Mahtani and Zambia Portland Cement and many more. Now the ownership of Zambezi Portland is final, the next step for Dr. Mahtani will be revamping the factory.

After A Decade Of Patient Wait, Dr. Mahtani Is Announced As Majority Shareholder Of Portland Cement

Patience and determination are two major aspects which businessmen must possess, in order to go through various business challenges and staying relevant within the industry. At the same time, there are only a few businessmen who are able to carry out their businesses in an ethical, honest and transparent manner. Dr. Rajan Lekhraj Mahtani is one such businessman who has been defying all odds and has been able to establish successful businesses while staying within ethical boundaries of businesses. As a result, he is one of the few businessmen in Zambia who has gained a positive reputation due to his honest business practices.

For the past one decade, Dr. Rajan Lekhraj Mahtani patiently fought for the legal takeover of his factory, Portland Cement Zambia. The case was registered at Lusaka HC and was dragged for over ten years due to the various shortfalls and issues within the justice system. During this time, several evidences and testimonials were shared, and final decision was given by justice Nkonde. However, this decision which came during the month of May, 2018 shocked nearly everyone as it confirmed Ventriglias and not Dr. Mahtani as the legal owner of Portland Cement.

This misdirected decision was quickly countered by Dr. Mahtani at the Court of Appeal. Further, evidences were shared, and testimonials were given, and the Court of Appeal announced final judgement on 31st January 2019. Based on this decision, it was confirmed that majority shareholding of the factory goes to Dr. Mahtani as his company Finsbury Investments owns 58 percent shares of the factory. Similarly, the Ventriglias are liable for only 42 percent shares at the factory and therefore, own minority shareholding and do not possess any legal ownership on Portland Cement.

This decision from Court of Appeal clearly established the fact that Lusaka High Court was wrong in declaring Ventriglias as only shareholders.

Ranjan Mathani

Dr. Rajan Lekhraj Mahtani Definite Winner Of Portland Cement Zambia Case With Court Of Appeal Win

After more than a decade of wait and consistent legal fights, Dr. Rajan Mahtani has been finally declared winner of the Portland Cement Zambia. It is a cement manufacturing factory which is being contested by two big business parties in Zambia. One of them is Dr. Rajan Mahtani, a noted businessman and philanthropist in Zambia with numerous successful business practices included Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is also the owner of numerous successful international business ventures, especially across United Kingdom. Dr. Rajan Mahtani has made a name for himself with his ethical and transparent business practices. On the other hand, the Ventriglias are in infamous Italian family in Zambia infamous for their coercive and unethical business practices. The case of Portland Cement Zambia was launched at the Lusaka High Court after Dr. Rajan Mahtani claimed that his factory was illegally taken over.

Ranjan Mathani

The case ran at the Lusaka High Court for ten years and final decision on the case was given during the month of May, 2018. This decision was extremely controversial as the judge concluded that Ventriglias were only shareholders of the Zambezi Portland Cement. To counter this judgement, Dr. Rajan Mahtani then approached the Court of Appeal. The Court of Appeal provided its judgement on 31st January 2019 and was given by justice Mwinde. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments is the majority shareholder of the Zambezi Portland Cement with 58 per cent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 per cent shares at the factory and is the minority shareholder without any legal ownership. Based on this decision from the Court of Appeal, it is clear that Dr. Rajan Mahtani is the legal owner of the factory. The judge from the Court of Appeal also condemned the unethical and misdirected judgement from the Lusaka High Court judge.

Dr. Rajan Mahtani Praised for his Contribution Towards Success of African Summit 2017

It is important for any nation and its government to have open discussions on the critical social, cultural, political and environmental issues related to the nation. One of the platforms which provides opportunities for discussing similar critical issues and national problems related to economy or society are economic summits, events and programs. These summits create a platform wherein top industries, corporate houses and noted individuals from different fields join together to share their ideas, opinions and discuss about different solutions to the burning questions gripping the nation. One such event is African Summit which is held every year. This year’s African Summit was held sometime back and was a huge success with participation from numerous industrialists and corporations.

Top businessmen and company owners attended the event. Among them was Dr. Rajan Lekhraj Mahtani, one of the most respected and honest businessmen of Zambia. Dr. Rajan Mahtani is noted for his numerous successful businesses, including Finsbury Investments Limited, Mahtani Group of Companies and Finance Bank Zambia. He is also an avid philanthropist and charity worker. However, his charity works are rarely publicized or advertised for public relations. This is why many of the participants were surprised when the Press Secretary of the Prison Fellowship Zambia released a press release praising Dr. Mahtani for his significant financial contributions in the summit. Prison Fellowship International was one of the major event planners and organisers of African Summit and Dr. Mahtani’s significant financial contribution supported the successful completion of the event. Dr. Mahtani was also praised for his down to earth nature and his active participation in the event. During the event, he actively participated in numerous seminars, debates and discussions. He was also open to discussions with young entrepreneurs and business executives, sharing with them his business wisdom.

Rajan Mahtani

Unlike most businessmen or corporate houses, Dr. Mahtani never uses his charity works or other philanthropic activities for personal gains or publicity. His companies are based on transparency and ethical stance as well as given priority to the underprivileged sections of the society.

Top Legal Counsellors Accused of Money Laundering and Corruption, FIC Reports

If the recent reports are to be believed, the economic condition of the Zambian nation is in a mess. This can be attributed to the latest money laundering claims, which has already dampened the economic and social development of the nation. The money laundering news was released by Financial Intelligence, which revealed that more than USD 1.5 billion worth of money is lost in this scam. At the same time, the actual amount of money lost by the government is expected to be much more, and the government is investigating this issue.

Mass Money Laundering Fraud

Two names that stood out in this list released by the FIC were of Masozi M. Banda and Sakwiba Sikota. Masozi M. Banda is a lawyer working with the Avic International and is accused of laundering money worth USD 1 million. While he has been defending himself by saying that the amount belongs to government contractors such as the construction of roads, the sources are investigating on this matter and no such records could be accessed from the government. Furthermore, Sakwiba Sikota is the owner of Central Chambers and long-time legal counsellor for the infamous Ventriglias. It is the same family who illegally took over the Portland Cement Zambia from Dr. Rajan Mahtani, its real owner. Dr. Rajan Mahtani is still fighting the case for the legal takeover of the factory at the Lusaka High Court.

It is clear that almost all of the individuals listed as per the FIC as well as accused of money laundering have engaged in unethical practices in the past too. This clearly indicates that multiple crimes and repeat unethical and illegal offenses. Therefore, it is time for the government to take action and ensure that proper punishment is given to these criminals.

Dr. Mahtani And Team Expects Big Win With New Court Announcement

Zambezi Portland Cement is a case known by almost all of the individuals across the Zambian corporate sector. This can be attributed to its high-profile nature and the involvement of two very different parties. The case was launched at the Lusaka High Court by Dr. Rajan Mahtani, a noted businessman who is also known for his philanthropic and charitable activities. On the other hand, there is the Ventriglias family. They are Italian outsiders known for their notorious activities in Zambia. The case is for the legal ownership of Zambezi Portland Cement which has been illegally taken over by the Ventriglias.

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The Illegal Rule Of Ventriglias Over Zambezi Portland Might End Soon

Zambezi Portland Cement was once upon a time a premier cement manufacturing and distributing company of Zambia. The company was known for its surplus production and wages which were above the industry standards. Then came the Ventriglias, who took over the factory illegally, claiming their ownership over it. Since that time, the fight for the real ownership of Zambezi Portland has been going on at the Lusaka High Court. This fight is between Dr. Rajan Mahtani and the Ventriglias.

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High Court Announces New Information On The Zambezi Portland Case

The Lusaka High Court, which has been handling the Zambezi Portland Cement case for the past nine years made a new update. As per the judge currently handling this case, the hearing has been closed for now. The case is a long-pending corporate case between Dr. Rajan Mahtani, owner of Finsbury Investments and the Ventriglias, owner of the private firm Ital Terrazzo Limited. Dr. Mahtani also owns and runs other establishments such as Finance Bank Zambia and Mahtani Group of Industries.

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