Showing posts with label Finance Bank Zambia. Show all posts
Showing posts with label Finance Bank Zambia. Show all posts

Wednesday, 29 July 2020

Dr. Rajan Lekhraj Mahtani Lauded By Top Law Graduate; News Article Released

 Dr. Rajan Lekhraj Mahtani has been working for the welfare of the Zambian nation for a long time. Since his early establishments and early successes, Dr. Rajan Lekhraj Mahtani has been actively involved in philanthropic and charitable activities. These contributions range from education, societal, community and environmental protection. Most of his contributions are private and Dr. Mahtani hardly advertises his contributions and philanthropic activities. Dr. Rajan Mahtani  has been actively involved in the educational sector with significant contributions. 


One of the major contributions by Dr. Rajan Mahtani in the educational field was the establishment of the Steven Malama Award. This award was established by Finance Bank Zambia which is chaired by Dr. Rajan Lekhraj Mahtani. The award was established in the year 2013 in the memory of the late Steven Malama, a noted law professional and distinct member of the bar. To honour the several contributors of Malama who has been a role model for many legal professionals, this award is given on an yearly basis to the top graduating student from the ZIALE (Zambia Institute of Advanced Legal Education). The winning graduate must also qualify for the Bar in their first attempt for being eligible for the award. For the year 2019, this award was received by Emmanuel Bwalya Kaluba. To share his gratitude, Emmanuel shared an article in the ‘Reader’s Forum’ section of the Daily Mail. In this article, Emmanuel thanked Dr. Rajan Mahtani for his significant contribution and recognising the talent, passion and dedication of the graduating law students. The award carries a plaque, a certificate as well as prize money worth K15,000 which has solved financial burden for many students from less privileged sections. 

Thursday, 11 June 2020

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.

Monday, 11 May 2020

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 31st 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 31st 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.

Tuesday, 11 September 2018

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.


Thursday, 15 September 2016

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.   

Monday, 22 September 2014

Mahtani Requests Malawi to Allow Reopening of Finance Bank

Dr. Rajan MahtaniDr. 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.

Tuesday, 1 July 2014

Rajan Mahtani Has Taken Legal Steps Against Zambia Reports for Publishing Defamatory Articles

Dr. Rajan Mahtani has sued Zambia Reports and its reporters for publishing false news against him. 

Dr. Mahtani has regrettably observed and complained that many articles in Zambia Reports contained content which is libelous. The content published are unwarranted, untrue and induced ill opinion about him. He even noticed that the articles written and published about him have damaged his reputation to a great extent and so all that he wanted at this stage was an immediate release of a public apology and an unreserved withdrawal of the articles which have been defamatory in nature towards him by Zambia Reports. However, if no such course of action is taken by Zambia Reports and its journalists within 1st July 2014, he would go to the courts of law to clear his name. 
  
Have a look at the letters of demand from Rajan Mahtani to Zambia Reports @

Thursday, 26 June 2014

Odysseas Mandenakis of Hotellier Limited Expresses Sadness for Making False Allegations against Rajan Mahtani




Rajan Mahtani received an apology letter from Odysseas Mandenakis, theManaging Director of Hotellier Limited, for the repeated false allegations that he made against Dr. Rajan Mahtani, the Finsbury Investments, Finance Bank Zambia, its officers and affiliates in many of his letters to the authorities in Zambia.

Odysseas Mandenakis has expressed his grief for his unfortunate statements that caused RajanMahtani, Finsbury, FBZ and its officers a significant amount of embarrassment and distress. He realized what harm he has done to Rajan Mahtani’s reputation and thus regretted on it writing this letter to put closure to all the challenges.

Here is the apology letter. Have a look at it.

 

Thursday, 12 June 2014

Facts That Dr Rajan Mahtani’s Defamers Will Never Tell You About


Zambian Intelligence News (ZIN) through their investigation revealed that there are many people who are making money by defaming and injuring the reputation of Dr Rajan Mahtani, the chairman of Mahtani Group of Companies. These people never tell truth about Dr. Mahtani because that is against their agenda. As they are paid high for damaging his reputation, they keep on using media to publish false stories against him. 

Recently, you will find that these people who are engaged in harming the reputation of Dr. Mahtani will never tell you about the following things: 

1. They will never tell that the Supreme Court judgement that was delivered in November 2013 was not about Finsbury Investements taking control over ZPC but among the other issues, whether the injunction granted to the Ventriglias against PTA Bank and Receiver by Supreme Court in 2010 could subsist following the discharge of Receiver and manager of ZPC by PTA Bank in April 2013. They will never tell you about the foregoing fact as they know that will weaken their agenda. 

2.They will never tell you that the interest of Finsbury in ZPC is not founded in share transfer forms but on shareholders agreement dated on February 26, 2007 made between Finsbury Invstements and the Ventriglias. The defamers and the slanderers will never tell you the above fact because they know it is not going to sit well in their campaign that’s aimed to anchor Finsbury stake on their concocted claims about the forged share transfer forms. 

 3. Whether the forms were forged and by whom are matters, which are subject to determination by Justice Chashi in Cause No. 2008/HC/366 where Finsbury Investments is defendant for counterclaiming and Antonio and Manuela Ventriglia are plaintiffs. They will never tell you about this because they need to sustain their claims about forging the share transfer forms.