Zambian government

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.

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Money Laundering Activities Go Big With The Recent Bust By Fic

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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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