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.

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.

2017 African Summit A Successful Event, Dr. Mahtani’s Makes Significant Contribution

Dr. Rajan Mahtani is known across Zambia as an industrialist, businessman, philanthropist and charity worker. His companies are among the top in Zambia in terms of financial success as well as a contribution to the society. Some of these companies include Mahtani Group of Companies, Finsbury Investment and Finance Bank Zambia. Apart from establishing companies in Zambia and improving its economy; Dr. Rajan Mahtani has also established numerous successful companies across major developing nations such as in the United Kingdom. These international businesses and contacts have been utilized by him for introducing significant foreign investments as well as an influx of financial funds into the Zambian economic stream.

Dr. Mahtani always ensures that his contributions towards the society as well as his philanthropic activities are not used for public relations or improving his brand image. As a result, very of us are aware of his charitable activities especially for the environmental protection as well as working for the underprivileged sections of the society. He is also ready in any matter to help or support his industry counterparts in accomplishing these tasks.

This can be seen from his significant contribution for the successful completion of the African Forum Summit 2017. The summit was a great platform for industrialists and corporate for creating ideas and innovations. After the completion of the event, a press release was shared by the Chief Secretary of the event thanking Dr. Mahtani for his significant contribution that supported the event to its success. Apart from that, he was also praised for his humble nature and active participation in the event. He also shared his wisdom and knowledge with many young entrepreneurs attending the event.  

With Warm Wishes, Dr. Rajan Mahtani - 2015

Zambia welcomes 2015 with a belief that this year will bring greater prosperity and integrity to the nation which has been striking hard to climb the ladder of success. As one of the fastest growing nation in Africa, Zambia has some really big plans for 2015 as the Finance Bank of Zambia will start its share trading operations in days to come. Dr. Rajan Mahtani, Chairman of Finance Bank Zambia looks at this year as a great opportunity for Zambia to make a big impact on its development programs and accomplish its unfinished targets.

With warm wishes for 2015, here is something that is coming straight from the heart of Dr. Rajan Mahtani.

Finance Bank Zambia expands, Thanks to Rajan Mahtani

The Chairman of Finance Bank Zambia, Rajan Mahtani, has laid the foundation pillar for his bank to go international by opening its new branch in Lilongwe, Malawi. The much expected news came shortly after Mahtani confirmed that his bank has now been converted into a public limited company and is being listed on the Lusaka Stock Exchange.

The operations in Malawi are expected to commence from December 15, 2014 and the first unit of FBZ will be opened in the capital city of the country, Lilongwe. This has been one of the biggest success stories for the Finance Bank in 2014. Dr. Rajan Mahtani, who is also the owner of Zambezi Portland Cement Factory, has made efforts worth appreciating towards globalizing the operations of FBZ and offer people with an organization that funds developmental programs and brings upon radical changes for improvement in living conditions of the locals.

According to confirmed reports, it is also being said that Rajan Mahtani is planning to list his bank on Alternative Investment Market of London Stock Exchange which would offer his bank with the benefit of dual listing. The total of 25% of company shares in being floated with intent to raise US $ 250 million. Though the nation of Zambia has not recovered from the loss of its former President, Michael Sata, but it can be regarded that Mahtani is determined to accomplish Sata’s unfinished objective- a developing Zambia. 

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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