Prestigious Forbes ‘Best Of Africa’ Awards Given To Dr. Mahtani

 

The Forbes-FIN (Foreign Investment Limited) philanthropic and leadership roundtable conference for the year 2021 was completed successfully. It was a major event in which leaders and visionaries from across Africa participated and discussed philanthropy to achieve long-term empowerment across Africa. Dr. Rajan Lekhraj Mahtani, a prominent businessman and philanthropist from Zambia, was invited to the event as an honorary speaker. Apart from the Forbes-FIN philanthropy and leadership roundtable conference, the event also included the Forbes ‘Best of Africa’ awards category. The Forbes awards are among the most premier philanthropy awards across Africa. The awards identify the contributions made by visionaries and leaders in the field of philanthropy as well as recognize and celebrate these contributions.

Similarly, Forbes identified the numerous contributions made by Dr. Rajan Mahtani over time. One of the primary reasons for the big logo value of the Forbes ‘Best of Africa’ awards is its association with the brand itself. The awards are established and given using Forbes that's one of the pinnacle enterprise magazine brands throughout the globe. Forbes is understood for its worldwide rankings throughout numerous fields and areas. As such, being diagnosed by way of the Forbes approach gaining popularity at a global stage can in addition increase the business and reputation. Secondly, the choice system of the awardees is extraordinarily rigorous and transparent. This choice method contains months of verification processes and history assessments. This is observed with the aid of interviews and discussions with the recipients concerning their expertise and perception of philosophy to obtain long-term empowerment throughout the African subcontinent.

Based on this, Forbes diagnosed the several contributions made by Dr. Rajan Mahtani, in banking in Zambia, and therefore, conferred him with the Forbes ‘Outstanding Entrepreneur of the Year award. 2021.

Forbes Philanthropy Award Presented To Dr. Rajan Mahtani

 

Dr. Rajan Lekhraj Mahtani was recently conferred with Forbes ‘Best of Africa’ awards. The award ceremony was conducted during the FIN (Foreign Investment Limited) leadership and philanthropy roundtable conference. This annual conference, which usually takes place in New York, was held virtually because of the ongoing coronavirus pandemic. Dr. Rajan Mahtani was invited to this conference as an honorary speaker. For Forbes-FIN conference saw participation from members from different business and industry backgrounds including international business communities, spiritual leaders, political leaders, opinion leaders, entrepreneurs, businessmen, media partners as well as international investors. The FIN leadership and philanthropy event also hosted the Forbes ‘Best of Africa’ award ceremony. It is one of the most notable and highly anticipated award ceremonies across entire Zambia. The awards recognize and celebrate the people who have made significant investments in the field of philanthropy to achieve long-term empowerment across the African sub-continent. The awards are highly anticipated as well as highly regarded due to two major reasons. The first reason is that the awards are created and given by Forbes which is among the top business magazines across the globe. Forbes is known for its significant rankings and lists which are known worldwide. Secondly, the selection process for the recipients is rigorous and transparent, involving months of the verification process and background checks by both FIN and Forbes. This is followed by interviews and discussions with the recipients to understand their views on philanthropy to achieve empowerment across Africa.

Dr. Rajan Mahtani was conferred with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. Dr. Mahtani received this award for transforming the banking sector of Zambia. He is also credited for several philanthropic contributions including Prison Fellowship Zambia and Stephen Malama award and scholarship for top law graduates in Zambia.

Forbes Presents Dr. Mahtani With Prestigious Forbes Award

 

Dr. Rajan Lekhraj Mahtani wins the Forbes Philanthropy award. This award is called Forbes ‘Best of Africa’ awards and is given to leading lights in philanthropy and leadership. The award is given by Forbes in partnership with Foreign Investment Limited (FIN). Forbes ‘Best of Africa’ awards is a highly regarded and ranked award. It is produced by Forbes, a globally recognized business magazine. Furthermore, the selection process for recipients is rigorous and transparent. The process requires months of verification and background checks which is followed by interviews and discussions with the recipients. These interviews focus on the long-term perspective and vision of the recipients

Dr. Rajan Mahtani was the only businessman from Zambia to receive this award. Dr. Mahtani was recognized for his significant contributions to the Zambian banking sector. The Forbes ‘Best of Africa’ awards were presented during the FIN-philanthropy business conference. The philanthropy and leadership business conference was held online this year. Dr. Rajan Mahtani was also invited to this conference as an honorary speaker. Dr. Mahtani accepted the award in a humble manner. He thanked Almighty God for his support and for providing strength during difficult times. He also thanked his team for their dedicated service. Dr. Mahtani is the owner of several top companies such as Mahtani Group of Companies and Finsbury Investments. These companies are known for providing social and economic growth including employment and livelihood opportunities, increasing the standards of the sector. In a similar manner, he is known for his several philanthropic and charitable contributions. Some of these include Prison Fellowship Zambia and Stephen Malama award for top law graduates in Zambia.

Dr. Mahtani continues to work for the betterment of the Zambian nation and African sub-continent. 

Dr. Mahtani Wins Prestigious Forbes Award

 

Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist in Zambia, was recently conferred with one of the most prestigious philanthropy and leadership awards in Zambia. This award is Forbes ‘Best of Africa’ awards which was organized by Forbes in partnership with Foreign Investment Limited (FIN). Forbes is one of the top business magazines across the globe and therefore, the award carries significant weight along with global recognition. Furthermore, the process of selecting the awards is extremely transparent yet rigorous. The process involves months of verifications and background checks by both Forbes and Fin. This is followed by interview and discussions with the potential recipients regarding their views and perceptions towards philanthropy to achieve long-term empowerment for Africa, its economy as well as its people. As a result, the annual Forbes ‘Best of Africa’ awards is a highly anticipated and regarded award ceremony for business Africa.

This year’s Forbes ‘Best of Africa’ awards was a part of the FIN philanthropy and leadership roundtable conference. This is an annual conference which sees participation from international business communities, political leaders, spiritual and opinion leaders, entrepreneurs, businessmen, media partners as well as international investors among years. Dr. Rajan Mahtani who is well known as one of the top businessmen in Zambia and Africa, was invited in this roundtable conference as an honorary speaker. As a result of the ongoing coronavirus pandemic, the event was held online, and members participated in this event from their respective locations. The awards were also conferred to the participants online. Dr. Rajan Mahtani was recognized by Forbes for his significant economic and philanthropic contributions as well as redefining the banking sector of Zambia. For this, Dr. Mahtani was conferred with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021.

Media Fails To Identify The Misdirected Judgement From Lusaka High Court, Dr. Mahtani Approaches Court Of Appeal

The Zambian corporate media finally saw the reality associated with the Portland Cement Zambia case, one of the longest cases in the business career of Dr. Rajan Lekhraj Mahtani. On 31^st January 2019, a public court proceeding was ended at the higher Court of Appeal where justice Mwinde after none months of case proceedings gave the final decision on the Portland Cement Zambia case. It should be noted here that the case was first registered at the Lusaka High Court where it went for more than a decade. Dr. Rajan Mahtani from his side had submitted all evidences and testimonials sufficient enough to prove his legal ownership over the factory. However, the final decision from Lusaka High Court which came in the year 2018 was extremely controversial. According to this decision, Ventriglias were given legal ownership over the factory. A major surprising fact during this time period was lack of media awareness of the actual situation. Majority of the media outlets just blatantly agreed with the decision of the Lusaka High Court without giving due consideration to the truth, facts and the evidences.

Despite the lack of support from media and the courts, Dr. Rajan Lekhraj Mahtani did not give up and re-appealed to the higher Court of Appeal. The judge at the higher Court Of Appeal was justice Mwinde and he announced the final decision on the case on 31^st January 2019, after evaluation of the submitted evidences and testimonials. It was announced that Dr. Rajan Mahtani paid one billion kwachas for covering 58 percent shares of Portland Cement which makes him the majority shareholder and actual owner of the Portland Cement Zambia factory.

Court Of Appeal Announces Final Judgement On Portland Cement Zambia, Dr. Mahtani Winner

As per the final judgement from the Court of Appeal, Dr. Rajan Mahtani is the legal and real owner of the Zambezi Portland Cement. This judgement from the Court of Appeal was announced on 31st January 2019, around nine months after it was registered there. Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia. He first registered the case at the Lusaka High Court where it went for more than a decade. Despite sharing strong evidences, the final judgement from the Lusaka High Court was controversial as the judge announced that Ventriglias were only shareholders of the Zambezi Portland Cement. To counter this judgement, Dr. Mahtani registered the case again at the Court of Appeal. 

The Court of Appeal announced final judgement on Portland Cement Zambia. The judgement was given by justice Mwinde. According to the final decision, Dr. Rajan Mahtani is the majority shareholder of the Zambezi Portland Cement as his company Finsbury Investments owns 58 percent shares at the factory. On the other hand, Ventriglias are the minority shareholders of the Zambezi Portland Cement as their company, Ital Terrazzo Limited, holds only 42 percent shares at the factory. Based on this shareholding pattern, Dr. Rajan Mahtani is the majority shareholder and legal owner of the factory. This decision was further supported by the original shareholders agreement which was established in the year 2007. 

The judge from the Court of Appeal also discarded all forgery related allegations by saying that the process of mechanically placing signatures for business transactions was a common practice in Zambia and critical members of Zambia family engaged in similar practice.

Dr. Rajan Lekhraj Mahtani Announced Majority Shareholder And Owner Of Zambezi Portland

Dr. Rajan Lekhraj Mahtani is a noted businessman in Zambia. He is the proud owner of many successful business organisations in Zambia, including Mahtani Group of Companies and Finsbury Investments. Dr. Rajan Mahtani had approached the Court of Appeal after the judge from the Lusaka High Court announced a misdirected judgement on the Zambezi Portland Cement. This incident occurred during May 2018 and Dr. Mahtani did not wait for any other opinion and directly approached the Court of Appeal.

The Court of Appeal announced its final judgement on Zambezi Portland Cement on 31^st January 2019. This judgement effectively reversed the decision from the Lusaka High Court, which held that Ventriglias were only shareholders of the Zambezi Portland Cement. This judgement at the Court of Appeal was given by Justice Mwinde, who also said that the judge below him was wrong in declaring Ventriglias as the only shareholders without having any proof. According to the judgement by the Court of Appeal, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of Zambezi Portland with 58 percent shares. On the other hand, Ventriglias are the minority shareholder of the cement factory with only 42 percent shares. This shareholding pattern clearly establishes Dr. Rajan Mahtani as the legal owner of the Zambezi Portland Cement.

At the same time, the judge also discarded all allegations of forgery by saying that the process of mechanically placing signatures for business transactions is a common practice across Zambezi Portland Cement. It was also found that important member of the Ventriglia family, Claudio Ventriglia, engaged in similar process for business transaction. As such, all allegations were discarded by the judge.

Court Of Appeal At Zambia Gives Final Judgement On Portland Cement, Dr. Mahtani Real Owner

The Court of Appeal is one of the most elevated national courts of any country. Aside from Supreme Court, Court of Appeal has extraordinary power in the administration of a country. In that capacity, the judgment on Zambezi Portland Cement at the Court of Appeal was national dimension news. On 31st January 2019, the Court of Appeal reported that Dr. Rajan Mahtani and his organization Finsbury Investments is greater part investor of the bond manufacturing plant. With this declaration, the judgment at the Lusaka High Court on the concrete manufacturing plant was viably switched.

The judgment was given by Justice Mwinde Siavwapa and in this choice; the judgment from the judge beneath him was censured. As per the judgment selections, Justice NKonde wasn't right in proclaiming Ventriglias as only shareholders notwithstanding when there were insufficient confirmations to demonstrate the equivalent. So also, the judgment was viewed as illegal and was switched right away.

As per the new judgment, Finsbury Investments holds 58 percent offers at the Zambezi Portland Cement industrial facility and has been pronounced as the majority investor of the organization. Then again, the Ventriglias were given 42 percent shares and were just minority investors with no lawful responsibility for plant.

Besides, the judge from the Court of Appeal reported that all gatherings need to regularize the share deals process and complete this procedure in three months from the date of the judgment. This is a notable success for Dr. Rajan Mahtani and Finsbury Investment who has been working enthusiastically for as far back as ten years for the legitimate responsibility for production line.

Dr. Rajan Mahtani announced majority shareholder for Zambezi Portland Cement

After many years of battling for the legal takeover of the factory, last judgment on the Portland Cement Zambia is out. The processing plant has turned out to be notorious for the lawful battle about it by two noteworthy gatherings from Zambia. Dr. Rajan Lekhraj Mahtani, who is a prominent businessman in labourer in Zambia, has been battling for the lawful takeover of the production line for over 10 years. He has enlisted an objection at the Lusaka High Court and in spite of sharing various evidences; the final conclusion of the court was against Dr. Rajan Mahtani's cases. After this misled judgment, Dr. Rajan Mahtani then engaged the higher 'Court of Appeal'.

At long last, on 31st January 2019, the Court of Appeal offered judgement to Dr. Rajan Mahtani's straightforward tolerance. The judgment of High Court was switched, which was given in May 2018 and which thought about that Ventriglias were investors for the Zambezi Portland Cement industrial facility. The new judgment was given by Justice Mwinde Siavwapa from the 'Court of Appeal'. This judgment and the procedures continued for just about an hour and a half amid the morning of 31st January 2019. As per the judgment by Justice Siavwapa, the High Court judge had given a misled judgment before the law when it was held that Ventriglias were just investors of Zambezi Portland.

From this judgment from the Court of Appeal, it is established that the majority shareholder of Zambezi Portland Cement is Finsbury Investments constrained claimed by Dr. Rajan Mahtani. The Finsbury Investments claims 58 percent shares and the Ventriglias possess 42 percent shares and are considered as minority investors. This judgment is totally lined up with fundamental Shareholder's understanding set up by similar gatherings in the year 2007.

Supreme Court Judge Mumba Malila Gives Testimony Which Clears Dr. Mahtani’s In The 2012 Case

Once again the government, law and justice system across Zambia failed to provide proper justice for the honest and ethical individuals and entities. The nation is facing turbulent times as corruption and unethical activities begin to grow and penetrate into the highest levels of governance. As such, the hope for people who always stick to honesty and transparency are finding it difficult to manage their work. The prime example is Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist who continuously faces controversies and conspiracies despite building successful companies, factories and engaging in philanthropic and charitable activities. These conspiracies are nothing but a way of extortion from the rich and powerful that is corrupt to the core and want others to join them.

The testimony from the Supreme Court Judge Mumba Malila is an example of how top government officials and those working at the highest level of governance are powerless and corrupt. In this testimony, Justice Mumba Malila recounted the 2012 case involving Dr. Rajan Mahtani. In this case, the Tribunal gave the judgement against Dr. Mahtani. However, the testimony highlighted the fact that the case was politically motivated and was against the interests of the public policies. It was also revealed that the case was influenced by some powerful and corrupt politicians and businessman who profited from the decision of the Tribunal. Even though appeals and requests were made to make the case null and void, no such actions were taken.

This testimony from Justice Malila clears one fact. Corruption and unethical activities are still widespread and openly practiced across Zambian nation. Unless the government wakes and takes actions against these repeated culprits, there is little hope for honest businessmen like Dr. Mahtani.  

Dr. Rajan Mahtani Moves To Higher Court Of Zambia After Lusaka HC Judgement On Portland Cement Zambia

The last judgment on the long-running Portland Cement Zambia case was reported at the Lusaka High Court recently. The cement-manufacturing plant was set up by prominent businessman Dr. Rajan Lekhraj Mahtani. In the wake of building up the plant, Dr. Mahtani had the capacity to take the processing plant higher than ever with expanded creation and high pay rates and wages. Much the same as his other fruitful elements, Portland Cement Zambia likewise turned out to be one of the greatest makers of value concrete inside the Zambian country. Be that as it may, things changed definitely when the manufacturing plant was wrongfully assumed control.

It has been a long time since this unlawful takeover of the industrial facility and just couple of months back the last declaration on the Portland Cement's case was given. Be that as it may, this declaration by the Lusaka High Court Judge brought up a greater number of issues than answers. Dr. Rajan Mahtani, amid the case procedures, shared various confirmations and records which were adequate to demonstrate his genuine responsibility for production line. A portion of these archives were consented to investor's arrangements, monetary shows and also autonomous review report from the free reports. This review report obviously expressed that the processing plant was set up as a joint venture and Dr. Rajan Mahtani was the sole joint venture partner of the manufacturing plant.

Be that as it may, the last judgment accompanied stunning unforeseen development when the judge gave the last decision against Dr. Rajan Mahtani. Obviously the judgment was misled and affected by outer powers. Notwithstanding, Dr. Rajan Mahtani made the correct stride and has now drawn nearer the 'Higher Court of Appeal' with respect to this misled judgment.

Chief Justice Of Zambia Makes Stunning Declaration Regarding 2012 Case With Dr. Rajan Mahtani

Just a few weeks ago, a stunning revelation was made by the Justice of the Supreme Court of Zambia. This revelation brings up a few issues of the realness and the intensity of the equity framework inside Zambia. Zambia is right now confronting broad defilement and dishonest practices; the present declaration from Chief Justice Mumba Malila affirms the dread. What's more, the individuals who are following a way of trustworthiness and honesty are the ones paying the cost as there is no emotionally supportive network for them. The declaration from Chief Justice Mumba Malila showed a comparative issue for eminent specialist Dr. Rajan Mahtani.

Dr. Rajan Mahtani is a commended specialist with a few fruitful substances under his name. A portion of his endeavours that still stand tall are Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. A similar issue has been featured in the declaration by Mumba Malila, the Chief Justice of Zambia Supreme Court. Bookkeeping to the declaration, Dr. Rajan Mahtani has been a casualty of a few political undercurrents and the instance of 2012 against him was a comparative issue wherein couple of ravenous yet influential individuals affected the judgment. In that capacity, Dr.Rajan Mahtani was wrongly arraigned in the occasion and the argument was altogether against the interests of people in general policies.

The declaration has raised a few different issues with respect to the contention of intensity between political gatherings and the legislature. While this declaration is unquestionably a stage towards straightforward administration rehearses, it is a lengthy, difficult experience ahead for Zambia and its equity office to make things right and guarantee that legitimate and moral organizations are given due help they requirement for development and advancement.

Dr. Mahtani approaches higher court of Zambia after final judgment goes against his claims

Dr. Rajan Mahtani is a prominent businessperson with successful business and corporate experience. He is likewise among the best, fair, straightforward and moral business people the country over. However he is every now and again conspired by plotters and individuals who need to see his empire fail or fall flat. Dr. Rajan Lekhraj Mahtani is the proprietor of various triumphant associations, including Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He has likewise settled various organizations crosswise over improvement countries, for example, United Kingdom, which has additionally helped him in bringing outside ventures the country over. He is among few businessmen in Zambia who has fundamentally contributed for the development and improvement of the country in the previous 30 years.

Many will know the name of Portland Cement Zambia as it was once among the top producers of cement the country over. The cement processing plant likewise pulled in representatives and specialists from far-away places because of its above-industry normal wages. Be that as it may, the processing plant generation and productivity has gone down fundamentally since the fight in court for its possession began right around ten years prior.

The most recent judge regulating the case made some positive declarations when the last hearing was shut and the judge said that confirmations put together by the gatherings will be examined for definite judgment. Be that as it may, when the last decision came, it was not what was normal. The judge made the final verdict against Dr. Mahtani's claims. This was a clear case of misdirected judgment as dominant part of the confirmations bolstered Dr. Mahtani's case. Starting at now, Dr. Mahtani has now engaged the higher court of request against this judgment at the Lusaka High Court.

Dr. Rajan Mahtani Unhappy With The Latest Judgment On Portland Cement By Lusaka HC Judge

Zambezi Portland Cement has been a prominent cement-manufacturing industrial facility crosswise over Zambia. The assembling plant was once one of the greatest makers of cement over Zambia, with above-industry wages and compensations for its workers. The industrial facility was beforehand lead by Dr. Rajan Mahtani, a prominent industrialist and businessman. After the takeover of the manufacturing plant, Dr. Mahtani enrolled a case at the Lusaka High Court for the recovery of his organization. The case has been continuing for over 10 years and the judgment was declared couple of days back.

The judge who is at present overseeing the case gave judgment against Dr. Rajan Mahtani, which was stun thinking about the measure of confirmations and tributes shared by Dr. Mahtani's attorneys. In the meantime, various irregularities were found in the judgment given by the judge for this situation. For example, the judge misled his judgment by totally neglecting to legitimately guide himself towards right judgment. It was additionally discovered that the cases of the respondents were considered with neither Zambezi Portland Cement nor any other parties in these procedures. The judge was likewise found to have misled as no proof was found for supporting the instance of the second respondent as argued. In this manner, it has been unmistakably settled in the interest made by Dr. Mahtani that the judge misled the judgment and neglected to think about the basic confirmations.

Dr.Rajan Mahtani is the proprietor of Finsbury Investment which has been named as the litigant in this issue and the interest has been imparted to the 'Court of Appeal' at Lusaka. Reaction from the court is anticipated starting at now.

Portland Cement Zambia results by Lusaka High Court grossly misdirected

The battle for Portland Cement Zambia plant plant isn't finished. Despite the fact that the judge dwelling the case at the Lusaka High Court have declared the last decision, dominant part of individuals related with the case have officially thought about this decision as misled and even impacted. Dr. Rajan Mahtani has been battling for the legitimate takeover of the Portland Cement Zambia for over ten years now. He was the person who enlisted the case at the Lusaka High Court after it was illicitly caught far from him. Despite the fact that Dr. Mahtani took the exemplary way of peace, he didn't get any help as the case took right around ten years for declaring results.

A few issues can be considered for this long pendency of the case. Lion's share of times it was the inaccessibility of the right confirmations, ask for time expansion for confirmations and non-participation of the gatherings which brought about the hauling of the case. Other time, it was the regular exchange of judges, a typical event inside the lawful arrangement of Zambia, which brought about long pendency as the new judge assuming control would experience the case once more.

Indeed, even from that point onward, last judgment declared couple of weeks back turned into a bad dream for those enthusiastically sitting tight for the recovery of Portland Cement Zambia. The last judgment was given against the cases of Dr. Rajan Mahtani. While this last judgment has been discredited by numerous and considered as misled and impacted, Dr. Mahtani once against took the upright way and has made an interest to the higher court of Zambia.

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

Dr. Rajan Mahtani’s Contribution Towards African Forum 2017 Praised

The economic summit of 2017 was one of the most successful economic events of the year. The 2017 African Summit provided a platform for industrialists, corporate houses as well as businesses to come together and share their ideas, issues, challenges as well as build network and relationships. Various discussion forums, events, round table conferences and seminars were held during the event. The forum paved path for numerous successful contracts and long-term relationships among business houses and industrialists. This summit was attended by some of the biggest names within the Zambian industry, including Dr. Rajan Mahtani. Dr. Mahtani has been working in Zambia for more than three decades. During this tenure, he has successfully established numerous businesses and companies. Some of these companies are Mahtani Group of Industries, Finsbury Investment and Finance Bank Zambia. Most of his companies are known for its focus towards upliftment of the underprivileged sections of the society. Dr.Mahtani himself is deeply involved in charity works and philanthropic activities but keeps his activities away from limelight to avoid unnecessary attention.

After the African forum was successfully completed, the Chief Secretary of the event shared an open press release to the members and participants of the event. In this press release, he thanked Dr. Rajan Mahtani for his significant financial contribution which resulted in the success of the event. With Dr. Mahtani’s contribution, the committee members were able to provide the funds for the events and establish a noteworthy platform for businesses and industries. Despite the regular conspiracies and fake defamatory news campaigns aimed at Dr. Mahtani, he has continued working towards the welfare and development of Zambia and its people.

Judgement By Lusaka High Court Raises More Questions, Dr. Rajan Mahtani Takes Immediate Action

In the Portland Cement Zambia case, various ups and downs as well as turning points have been seen till now. However, none of these turning points were helpful in providing transparent and quick justice for the cement factory and the people associated with it. Even the latest final verdict announced by the judge at the Lusaka High Court raised more question than ever, forcing Dr. Rajan Mahtani to take immediate action.

The Portland Cement Zambia factory used to have surplus production under the leadership of Dr. Rajan Mahtani. The factory was also noted for its above-industry average salaries and wages, attracting workers from across the nation. During its glory days, the factory has achieved numerous achievements and awards for its profitability, working principles as well as its contributions to the society. Therefore, it is extremely difficult to see the same factory in ruins sue to an event which could have been avoided with amicable solutions. The only reason Dr. Rajan Mahtani registered the case was he did not want to sort to any unethical or illegal practice to get back his factory. However, he had to face the consequences of a challenging legal institution within the nation, dragging the case to almost 10 years without any conclusion.

Though some positive news was announced when the judge closed the case hearing and announced that final judgment will be based on evidences, it was not as expected. The final judgment was against Dr. Mahtani’s claims, shocking everyone. As such, Dr. Mahtani has now appealed to the higher court of appeal and is awaiting reply.

Lusaka High Court Makes New Announcement, Dr. Rajan Mahtani Finally Expecting Win

The latest announcement made by the Lusaka High Court has given some hope to Dr. Rajan Lekhraj Mahtani and his team, and he is finally expecting a sweeping win over the Ventriglias in the Portland Cement Zambia case. The case is among the most famous as well as longest running high-profile corporate cases in Zambia. The Portland Cement Zambia factory, which legally belongs to Dr. Rajan Mahtani, was illegally taken over by the Ventriglias. When Dr. Mahtani approached Lusaka High Court demanding justice, the Ventriglias defended themselves by claiming that the shares of the cement factory owned by Dr. Mahtani were not paid for. 

It has been 10 years now and no judgement has been given by the court, despite the fact that Dr. Rajan Mahtani and his teams have been regularly submitting evidences and documents to prove his rightful claim over the factory. Some of these documents include signed shareholder’s agreement, financial exhibits, shares report and independent audit report which clearly states that the factory was developed as Joint Venture in which Dr. Mahtani was the sole joint venture partner and the rest were only minor shareholders. This effectively makes Dr. Rajan Mahtani as the owner of the factory. Meanwhile, the Ventriglias were not able to submit any relevant documents or make their arguments stay. They have also tried to discredit Dr. Mahtani many times but have failed. 

The judge who is currently residing the case made a huge announcement recently. As per the judge, the final hearing is closed now. Both parties have been called to submit their evidences and after validating these evidences, final judgment will be announced soon.

Zambian Government Scoops to a New Low with the Latest Money Laundering Scandal

One of the biggest shocks Zambia receive recently was the money laundering case investigated and released by the FIC. This report has certainly brought the country to a halt and has pushed the nation to and its activities to a dismal situation. 

As per the FIC, a list has been released with named of lawyers and other who are involved in this money laundering act. Among the names in this list, Masozi M. Banda from Avic International is at the top. He is working with Avic International and is known to have worked with top corporate as well as government bodies. Another interesting name in the list was of Sakwiba Sikota, the owner of Central Chambers. Sikota’s name is known for his more infamous relationship with the Ventriglias as their legal counsellor. Sikota has been working with the Ventriglias for many years and has practically represented the family in almost all cases. One of the most famous among them is the case of Portland Cement Zambia. Experts have clearly indicated that the cement factory, which was illegally taken over by the Ventriglias by using force, actually belongs to Dr. Rajan Mahtani, a noted and honest businessman in Zambia who holds the legal papers for the bank. In spite of this, Dr. Rajan Mahtani is fighting the case at the Lusaka High Court for almost 10 years now. 

These events clearly indicate the fact that even though the crimes of these individuals is known to all, the government has been unable to act against them. Therefore, the government should give strict punishment to the individuals found guilty in this money laundering case.