Dr. Rajan Lekhraj Mahtani Receives Celebrated Forbes Award

 

Dr. Rajan Lekhraj Mahtani, a noted businessman, philanthropist, and charity worker from Zambia, become currently conferred with one of the top prestigious awards in Zambia. Forbes is a main enterprise magazine throughout the globe and is thought for presenting several lists of effective men, companies, celebrities, and other ranks. In a comparable way, Forbes in Africa is understood for its Forbes ‘Best of Africa awards. These awards are provided to businessmen, entrepreneurs, and visionaries with a protracted-time period vision in the direction of philanthropy to obtain empowerment across the African subcontinent. The 2021 Forbes ‘Best of Africa’ awards had been offered over the once-a-year FIN (Foreign Investment Network) philanthropy and leadership roundtable conference. This year, the management roundtable conference turned into held clearly to comply with the social distancing and lockdown restrictions due to the continued coronavirus pandemic. Dr. Rajan Lekhraj Mahtani turned into invited to this event as an honorary speaker and spoke approximately the importance of management in healthcare.

The FIN philanthropy and leadership roundtable conference also included the globally recognized Forbes ‘Best of Africa’ awards. The awards are presented to visionaries, entrepreneurs, and leading businessmen with significant contributions towards long-term philanthropy works. The ‘Best of Africa’ awards are a high-value category as the selection process is extremely transparent and rigorous. The process comprises months of background checks, verification processes as well as discussions and interviews with the recipients to understand their perceptions and long-term view of philanthropy to achieve African empowerment. Dr. Rajan Mahtani was conferred with the Forbes ‘Outstanding Entrepreneur of the Year award. Forbes recognized the contributions of Dr. Mahtani towards redefining the banking sector of Zambia. He was also the only businessman from entire Zambia to receive this prestigious award.

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.

Dr. Rajan Mahtani’s Challenges Not Over, Need To Look Into The Current Condition Of Portland Cement

Dr. Rajan Mahtani’s decades of appeal, challenges and perseverance was finally met with success when justice Mwinde declared the final decision on the Portland Cement Zambia case. According to this decision, Dr. Rajan Mahtani was the actual owner and majority shareholder of the Portland Cement Zambia factory. This verdict was announced on 31st January 2019 after evaluation of all evidences and testimonials associated with the case. 

One would imagine that Dr. Rajan Mahtani can now at last rest after this memorable win over the long running case. Be that as it may, this isn't the situation. The Portland Cement manufacturing plant was under contest for over 10 years and during this time, the industrial facility's creations and execution corrupted fundamentally. The current state of the production line is lamentable with decaying and rusted hardware and gear, labourers not being paid and absence of any budgetary guide for the improvement of processing plant's presentation. Numerous individuals related with the industrial facility and the case even said that Dr. Rajan Mahtani ought to have left the manufacturing plant after the misled misfortune at the Lusaka High Court. Nonetheless, Dr. Mahtani, by his very nature, has never been the one to leave his foundations and adventures halfway, regardless of the condition and circumstance. This is the very explanation Dr. Mahtani moved toward the higher Court of Appeal when every other person lost any expectation of getting back the manufacturing plant. Since the industrial facility is a legitimate having a place of Dr. Mahtani, he will give a valiant effort for improving the state of the processing plant and bringing back its unique magnificence.

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.

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.

Lusaka Hc Judgment Cheers Up Dr. Mahtani And Team

Where there is honesty, there will be corruption. Irrespective of state or country, this phenomenon can be seen across all spheres of the society. Dr. Mahtani has been facing a similar situation from the time he established his businesses in the Zambian nation. At present, he is fighting for the ownership of Zambezi Portland Cement which has been illegally captured by the Ventriglias.

The case has been going on for almost 10 years and during this time, Dr. Mahtani has submitted numerous statements, exhibits that clearly indicate his legal ownership over the factory. At the same time, the Ventriglias have always avoided court time whenever they were required to submit documents or evidence. It has been observed that by either bribing court officials or by using force, the Ventriglias have been twisting the judgment even since it was launched by Dr. Mahtani. Not only that, the Ventriglias has also tried to discredit Dr. Mahtani several times just to make their stance stronger. However, every time they tried to discredit him, the plot backfired and they have been severely warned by the judges.

The judge handling this case has announced that both parties will be submitting their evidence by December 2017 post evaluation of which, final judgment will be announced soon. This is indeed good news for Dr. Mahtani’s team and a worrisome environment can be easily seen on the Ventriglias side. It is high time for the court to make the right judgment and give back the factory to its real owner, Dr. Mahtani.  

Conspirators Of Dr. Rajan Mahtani Stepping Back With Lusaka Hc’s Announcement

Since the latest announcement made by Lusaka High Court regarding Zambezi Portland Cement, the conspirators of Dr. Mahtani and his companies have stepped back. The main reason attributed can be the announcement by the judge handling this case and the possible consequences of the case. Dr. Rajan Mahtani is a noted figure in Zambia. His establishments are well known and his companies have won major awards for their steady success and honesty contribution to the society. Even Dr. Rajan Mahtani is a noted philanthropist and has been involved in various charitable activities across the nation. In spite of his honest works and dedication towards the development and growth of the Zambian economy, he has been frequently targeted by those who are either jealous of his achievement or want to make profits out of his misery. Among them are the notorious Ventriglias who have been accused of illegally taking over Zambezi Portland Cement. 

The incident occurred almost nine years back and since then, Dr. Mahtani has been fighting a long fight at the court to gain back his rightful ownership at the bank. Over the course of last few months, he has submitted various evidences and reports stating his ownership. Some of them were signed shareholder agreement stating his 58 percent shares at the factory and audit report that clearly indicates that he is the sole joint venture partner of the factory. While the Ventriglias have counter claimed that the shares of Dr. Mahtani are not paid, but they have not been able to submit any evidence to support their claim. The judge will announce final judgement soon, once the evidence from both parties is thoroughly checked. 

Lusaka Hc Gives Good News To All Dr. Mahtani Supporters

Since the latest announcement made by the Lusaka High Court regarding Zambezi Portland Cement, most of the supporters of Dr. Rajan Mahtani have rejoiced. It is expected that this announcement is a positive move to an end to this long running case, which is being dragged on for almost nine years. Dr. Rajan Mahtani is a noted industrialist and owner of various establishments such as Mahtani Group of Industries and Finsbury Investments Limited. He also successfully managed Finance Bank Zambia before it was handed over to another organisation. It is also known that during his leadership at the Zambezi Portland Cement, the factory flourished with surplus production, good work environment and above industry wages for its workers. However, the condition of the factory is in ruins since it was illegally captured by the Ventriglias. 

As per the case contents, it is known that Dr. Mahtani has shared various documents, exhibits and shareholder agreements that appropriately prove his rightful ownership at the factory. Some of these critical documents are shareholder agreement signed by all concerned parties, audit report prepared by an independent auditor, financial exhibits and expenses stating his investment of USD 8 million dollars plus total investment in share capital and independent auditor’s report stating that his is the sole joint venture partner in the factory establishment. 

At the same time, the Ventriglias has failed to submit any document or evidence that claim their rightful ownership at the factory. At the same time, they have been accused of making false allegations on Dr. Mahtani with the objective of discrediting him. These situations clearly indicate lack of confidence from the Ventriglias end. The judge will be announcing final decision soon.

Dr. Rajan Mahtani Fighting Hard To Get Justice For ZPC

The case between Dr. Rajan Mahtani and the Ventriglias is known to everyone. It is for the ownership of the Zambezi Portland Cement, a premier cement factory at Zambia. The cement factory was taken by force by the Ventriglias almost nine years ago. Since then, Finsbury Investments Limited owner Dr. Rajan Mahtani has been fighting the case at the Lusaka High Court.

The case took a positive turn when the judge handling this case announced that the hearing of the case is concluded and the final judgment will be announced soon. Since the case was launched, Finsbury Investments have shared various evidence and facts that justify their ownership over the cement factory. First of all, the total percentage of shares held by Finsbury Investments is 58 %, more than what the entire Ventriglias own which is 42 %. Second, independent auditors report proving that the cement factory ran as a joint venture group with Dr. Rajan Mahtani being the sole joint venture partner. Rest others had minority shares in the factory. The major claim made by the Ventriglias is that the shares held by Finsbury Investments are not paid for. However, this claim has been dismissed as Finsbury have valid agreements and exhibits that clearly indicate that Dr. Mahtani has not only paid for the shares capital but has also invested in excess of USD 8 million in the factory over the course.

Without any proper evidence or factual data, the Ventriglias have time and again resorted to false accusations like accusing Dr. Mahtani of arm-twisting and bribing government officials to bend the judgment in their direction. However, things have changed and it is expected that the court will make the right judgment this time.  

Dr. Mahtani and Finance Bank needlessly dragged together

Time & over again Zambia Reports has demonstrated that they are nothing except for an agony for the general public. Dr. Mahtani and Finance Bank have gone separate ways, yet the channel keeps on pulling them together in its publications. This is done to execute two missions at once with one single production - insulting Dr. Rajan Mahtani and mocking Finance Bank Zambia. The only thing that they are failing to recall is the current scenario.

The news of merger amongst BancABC and Finance Bank is currently known to the entire world. The merger occurred a couple of months ago and from that point forward, there is no commercial interest of Dr. Rajan Mahtani with FBZ. In any case, ZR has figured out how to borrow a leaf from their unethical ways and published an article supporting an infamous personality in Zambia known by the name of Simataa Simataa.. This time around they have made a claim that Dr. Mahtani and Finance bank of coercing cash out from individuals in the wake of having them signing legal documents. As indicated by Zambia Reports, Simataa is an expert banker and has been in the business for a long time. In any case, they have neglected to review that Simataa is simply a self-broadcasted virtuoso who only knowns how to boast. Then again, if our data is right, Simataa has not been able to secure a job somewhere else in the wake of being expelled from Finance Bank Zambia. Wouldn't a gifted man get a chance to work in some other place if his insight was as great as a specialist?

Life in Zambia has become hopeless for individuals who wish to carry on with a typical life in view of the standard of profound quality and truth. The minute anybody raises his voice, the individual rapidly makes it to attention of the conspirators and afterward starts a progression of annoying news against the honest individual; example- Dr. Rajan Mahtani.

New story against Dr. Rajan Mahtani covers Simataa’s story

At this point everybody has become mindful of the way that Zambia Reports is operating. They are simply a group of greedy people who would do anything to earn a few dollars. The most recent publication from its side uncovers that Simataa is a saint for them and has legitimately won a case in the Lusaka High Court. As indicated by them, he has been already battling against the ex-Chairman of Finance Bank Zambia, Dr. Rajan Mahtani.

Be that as it may, with regards to concentrating on reality the infamous news agency has dependably avoided the scene. They are least bothered about who has won, the only thing that is in any way important for them is writing ill about Dr. Rajan Mahtani and after that distributed them with a perspective to spread disorder. In case of Simataa's win, they have figured out how to locate an immaculate extension for their story as Dr. Mahtani and Finance bank were on the losing side.

In the previous couple of years, the entire of Zambia has seen comparative shoddy strategies actualized by Zambia Reports. Regardless of what the worry is, they will rapidly snatch the news in the event that it identified with Dr. Rajan Mahtani. As of late, they likewise attempted to extend this slander crusade by including Finsbury Investment.

Neither Dr. RajanMahtani nor any of his partners have an issue with the news distributed by Zambia Reports. Certain articles will not change the truth and people who have the knowledge about Zambia’s economy status will realize that ZR is nothing more than a house of writers waiting to be hired. May it the owner of a factory or a chicken vendor, all that you are required to do is visit the office of Zambia Reports and pay them. Desired output will automatically be reflected in their publications.   

Finance Bank now becomes the new target after ZPC (Zambezi Portland Cement)

Zambia is presently facing a dark period. Innocent citizens are being blamed on a constant basis. At the same time, culprits are fearlessly leading the defamation channels. After ZPC (Zambezi Portland Cement), the next target is FBZ (Finance Bank of Zambia). Recently, FBZ’s name was used in an article authored by some nameless writer. The writer was, as usual, covering for Zambia News Portal. It is absolutely known to everyone that after the merger of Finance Bank of Zambia with BancABC, the former is no longer in operation. Even after that, conspirators constantly try to defame Dr. Mahtani by making false and ridiculous connections.

The latest publication from the Zambia Reports clearly indicated that the infamous news portal is openly supporting Simataa Simataa. Recently, Simataa won a long-pending case against FBZ in the LHC (Lusaka High Court). A former FBZ employee, Simataa was disgracefully fired from the Finance Bank of Zambia after violating numerous policies, agreements and binding contracts with the bank. He also showed very poor professional attitude during his tenure which was another reason for the Bank to let him go. In the article, the author claimed that Simataa is an honest person and was confined into a set-up by FinanceBank and Dr. Rajan Mahtani. However, the irony of the story is that the same man failed to produce a certificate that would prove that he has even passed the XII grade. Needless to mention, Simataa is sitting idle for the past 10 years.

Out of the entire façade, there is only one linear conclusion; two losers backing each other’s stories. They are working together by helping each other and minimise their current misery. These entities and corrupt individuals are of the notion that if they keep spreading false news, it will eventually become true. However, they fail to recognise one simple truth which is conspiracy based on lies and false claims will never go far.

No panic from Rajan Mahtani, he was just shattered!

Portland Cement Factory Zambia Logo

Just after the death of Zambian president Michael Sata, news went viral that panic has surrounded around Rajan Mahtani and his business across Zambia. It was also told that Rajan Mahtani was trying to take all his business out of the country. It is a matter of shame that during such an event that has shattered the entire nation, conspirators are still indulging in such activities to humiliate Rajan Mahtani, owner of the Portland Cement Factory Zambia. What is more astonishing is that these conspirators have shamefully used this event to defame an honest and dedicated businessman. The above rumour was instantly busted due to the lack of any substantial evidence or claims as well as the fact that Rajan Mahtani was never involved in such kind of activities.

After proper investigation, it was confirmed that the news was just a malicious and faux endeavour by conspirators with the objective of defaming Rajan Mahtani. An important point is that all these incidents are cited under an unidentified ‘source’ working with Zambia reports. Naturally, all these allegations can be considered as void until the source name and the authenticity of their claims is confirmed. Even other known personalities across Zambia have disgraced Zambia Reports for such unauthentic claims.

Rajan Mahtani is a popular and extremely respected business icon in Zambia. He is not only the Finance Bank’s chairperson, but is also Zambezi Portland Cement Factory Owner. His contributions to Zambian economy have given employment opportunities to the locals. Not only that, Rajan Mahtani also opened a bank account with initial 50,000 K deposit, entirely for the benefit of senior citizen and Zambian independence war heroes.  Convicting a man for cheating and betrayal is grossly unjustified, who gave so much to this nation.

Dr. Mahtani gets a clean sheet

Over the past couple of months it has been observed Dr. Rajan Mahtani is in the headlines for the wrong reasons. Sometimes allegations involved using Emails to reach other VIPs in Zambia, whereas sometimes it was published that Rajan Mahtani is operating his bank illegally. However, with stringent investigation in process, the untold chapters behind the news are now being unfolded. The Chairman of the Finance Bank of Zambia Ltd., is innocent and has been given a clean sheet.

The series of allegations about Dr. Mahtani is nothing but a shameful attempt by the opposition to defame the accused. The news, which claims that Dr. Mahtani’s phone conversation was ‘recorded’ as an evidence to prove that he is a corrupt person is based on fabricated materials which supported the fake email campaign running on his name. The whole establishment was arranged in a manner where people were made to believe that there was a connection between the powerful personalities in Zambia and it was heading towards development of a ‘cartel’ that intended to run a parallel government.

The result of this mischievous act also broadened the gap between the Finance Minister and Dr. Mahtani. Just like every other person in Zambia, the Finance Minister also believed the false reports and tapes and soured his relationship with Mahtani thinking that he was looking forward to overthrow the present government. Nevertheless, there was one good news that continued to support Rajan Mahtani. His bank had shown a healthy development with a profit of US $42 million. Additionally, the Finance Bank of Zambia Ltd., was also successful in in showcasing a 20% increase in the number of bank branches and a 90% increase in the number of ATMs in all over Zambia.

It is a true fact that bad will never be able to suppress good. Rajan Mahtani has become the primary target of the opposition and still he continues to operate with all his zeal towards developing Zambia. Over the years he has not only been a successful businessman, but also has been a true philanthropist.

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Mahtani Requests Malawi to Allow Reopening of Finance Bank

Dr. Rajan Mahtani, the Chairperson for the Finance Bank of Zambia Ltd., is all set to re-launch his bank in Malawi, Africa. For this purpose, Rajan Mahtani preferred to pay a private visit to the officials in Malawi such that this matter can be handled from the best prospect. This visit would be his third attempt to assure officials that this time around the Finance Bank of Zambia Ltd., is going to make a core impact on the development of the nation.

Almost a decade ago, in 2005, the operations of the Finance Bank of Zambia Ltd., was shut down in Malawi because of an allegation that related to money laundering. However, there is hardly any materialistic proof in such regard. The current attempt to re-open in Malawi is a bold step taken by Dr. Rajan Mahtani to ensure that the nation has a steady flow of employment and resources that can aid its development plans. Going by the present situation, the meeting looks better than the earlier two and there are probable of re-opening in Malawi very soon.

Dr. Rajan Mahtani is a very famous name in Africa, especially in Zambia, where this personality has managed to revolutionize the existing system by offering numerous employment schemes and educational facility to the locals. The Zambezi Portland Cement Factory, Ndola Housing Project and Education scheme for children are among some of his biggest contribution to the economy of Zambia. With his future plans closely related to the development of other countries as well, Rajan Mahtani is all set to make Africa a better place to live. Opening a branch in Malawi means more employment opportunities for the locals, a steady supply of funds for developments and an incentive to save more by people. This will make a difference in years to come.