Dr. Rajan Mahtani Gets Hope On Zambezi After 10 Years Fighting

The latest information shared by the Lusaka High Court is indeed good news for Dr. Mahtani and his team. He is a noted individual and businessman in Zambia and has been fighting this case for more than nine years now. He has claimed that the Ventriglias have illegally taken over the factory illegally. On the other hand, the Ventriglias have claimed that Dr. Mahtani or his company Finsbury Investments have not paid for the shares of ZPC. As a result of various issues and lack of support, the case is still pending at the court. 

While the case is going on, the major sufferer is the Zambezi Portland Factory and all those associated with the factory. Since its inception and till the time the factory was under Dr. Mahtani’s leadership, it blossomed and the productions were surplus. The factory was earning well which was evident with the more than average salaries given to its employees. During this time, the factory also became a preferred employer in the province and more people were willing to work to improve their life as well as increase the productivity of the factory. There were even talks to expanding the factory production and taking it to other provinces. However, the same cannot be said now as the condition of the factory is critical. The factory cash box has been emptied by the goons and the machines have started to erode. Workers have either left due to non-payment of wages or are still working in the hope of getting their wages back. 

It is time for the judge to look into these matters and provide sound judgment by giving the property right to its legal owner, Dr. 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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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.

Dr. Rajan Mahtani clarifies on his connection with Politian, Bishop Mambo the culprit

Dr. Rajan Mahtani has always been in the limelight for Zambia. Sadly, the reason is not always associated with a good cause as many unscrupulous people often try to post negative thoughts in order to defame this eminent personality in Zambia. Recently, Bishop Mambo, a member of the Board (Mahtani Group) commented about a linkage between his Chairman of Finance Bank, Dr. Rajan Mahtani and the Finance Minister of Zambia, Hon. Alexander B. Chikwanda M. P. However, the same was dealt with utmost seriousness when it was brought to the notice of the accused as there was no internal linkage between the two.

The Reason

Dr. Rajan Mahtani has always remained faithful to his religion, Christianity. He obeys every discipline and looks forward to make Zambia a better place to live in with consideration for employment opportunities and developments. Given this potential, he also ensures that he praises other people too who are in the same league. Hon. A. B. Chikwanda M. P., the Finance Minister of Zambia is a man of principles who abides by integrity, honesty and hard work. Given these qualities, Dr Rajan Lekhraj Mahtani couldn’t resist praising the man for his good work. However, the same relation has been used to portray a different view in front of the locals as well as other countries.

Growing efforts of defamation on Dr. Mahtani

Apart from the recent allegation, Dr. Mahtani has been in the hit list for impersonators as they have also prepared certain fake email address using, Gmail service provider, in the name of the accused and have been using them as a medium to defame the personality. This news reached Dr. Mahtani few days ago and he is looking into this matter with extreme precision. The official email address of Dr. Mahtani is not created on Gmail and moreover, most of the communications are executed over by the phone.

The current events have unfolded the darker side of fame where some people are continuously trying to pull down a pioneer of development.  Hence, the question that is required to answer is whether Zambia wants development or struggle with poverty?

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