Dr. Mahtani Receives ‘Thank You’ Note For His Charitable Act

Businesses like Finsbury Investments and Mahtani Group of Industries have gained popularity as a result of their dedication towards the common people of Zambia, honesty and steady growth over the years. These companies are run by Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist from Zambia. Dr. Mahtani has established companies not only across Zambia but also in other nations such as the United Kingdom. However, he is more popular for his charitable acts and his participation in sustainable programs and environment-related campaigns are significant. As such, he is also popular among his enemies who are either jealous of his growing popularity and want to see him fall down or people who have developed hatred as a result of his honest business dealings, leaving no room for illegal activities or corrupt schemes under his belt.

Dr. Mahtani’s charitable and developmental acts are well known. His companies such as Finance Bank of Zambia have been awarded many times for their charitable and developmental works for the underprivileged commoners of Zambia. Recently, the Secretarial from Prison Fellowship International released a press release thanking Dr. Mahtani for his charitable contribution which resulted in the success of this year’s African Summit (2017). The press release clearly states that the AFPFZ (African Forum of Prison Fellowship Zambia) 2017 was sponsored by Dr. Mahtani. This generous gesture helped the success of the Summit as well as helped in uplifting the growth status of the nation. Also, Dr. Rajan Mahtani was praised by almost all attendees of the Summit.

It clearly indicates that Dr. Mahtani is only focussed towards development and honest work, unlike his enemies who are always plotting some schemes to see his reputation fail.  

Final Judgment Awaited From Lusaka High Court, Dr. Mahtani Eyes Big Win

The Lusaka High Court, which is dealing with the case between Dr. Rajan Mahtani and the Ventriglias on Zambezi Portland Cement, reported another development. According to the judge taking care of this case, the case is relatively finished and last judgment will be given soon. This is, in reality, a huge relief Dr. Rajan Mahtani who propelled this argument against the Ventriglias over nine years back. In the meantime, the Ventriglias are in a dim state as they are aware that once a final decision is made by the judge, they will have to hand over the rights of Zambezi Portland Cement to its rightful owner.

This court fight began nine years back when the Zambezi Portland was unlawfully assumed control by the Ventriglias. The production line was controlled by Dr. Rajan Mahtani before this illegal takeover, who cases to be the genuine proprietor. To demonstrate his claim, Dr. Mahtani has submitted different confirmations, archives and exhibits throughout the years. One of the greatest confirmation submitted was the consented to investor arrangement which obviously showed that he held 58 percent shares at the Zambezi Portland Cement. Besides, a review report directed by an autonomous reviewer unmistakably shows that the Zambezi Portland was kept running in the joint-wander organization and Dr. Mahtani has been the main JV (joint-venture) partner. Together with his dominant part shareholding, he is the lawful proprietor of the industrial facility.

While the Ventriglias have commonly attempted to ruin Dr. Mahtani, they have flopped wretchedly each time. The court will be giving its final judgement soon.  

News Breaks Nationwide When FIC Discovers Mass Money Laundering Racket

The Zambian nation came to a complete meltdown when the FIC (Financial Intelligence Centre) discovered a mass money laundering racket going on across the nation. Worse, the list of names involved in this illegal racket includes the names of some prominent lawyers from Zambia. And it also contains the name of the official lawyer of the Ventriglias, Sakwiba Sikota.

While corruption and illegal activities are common across this nation, the list reveals the level of criminal activities by top officials working in esteemed positions. OMM Banda has topped this list of illegal money launderers. He is a lawyer from Avik International, the noted law firm in Zambia. He has been accused of laundering money to Edgar Lungu, a notorious Zambian dictator. At the same time, Edgar has been defending himself by forcing that the money in his account is for various government contracts. Since the money involved is in millions, the intelligence center is taking no chances and probe has been started in these cases.

Among the law firms caught in these acts of illicit money laundering activities is Central Chambers, a firm whose owner is Sakwiba Sikota. The list itself is astonishing as it has many prime and notable lawyers as well as accountants working in private and public sector companies. However, Sikota’s name is not as shocking as he has been previously linked with various illicit and unlawful activities in the past. This also highlights the kind of relationship the Ventriglias keep.

The FIC has announced that it will share details of its investigation as and when any new update emerges. At the same time, it has become an urgent uphill task for the government to take actions against the guilty.  

Lusaka High Court Finally Clears Zambezi Portland Case, Gives New Direction

After a wait of almost ten years, the Lusaka High Court provided the final hearing for the Zambezi Portland Case and gave a new direction to the court proceedings to finish the case soon. This indeed is a good news for Dr. Mahtani and team. However, the Ventriglias who launched a counterclaim is not very happy with the announcement. Once Dr. Rajan Mahtani wins this case, the Ventriglias will have to give up Zambezi Portland Cement, which is under their capture for the past nine years.

During the course of the case hearing, Dr. Rajan Mahtani and his company have submitted various evidence and statements to support their claim. Some of these included signed shareholder agreement, by all parties including the Ventriglias. This agreement clearly states that Dr. Mahtani holds 58 percent shares at the factory, making him the majority shareholder. Various financial exhibits further claim that Dr. Mahtani and his companies have invested over USD 8 million dollars for the growth and development of the factory. Another important document submitted was the audit report conducted by an independent auditor on the factory. As per this audit report, Dr. Mahtani is the sole joint venture partner of the establishment which was started as a joint-venture project.

It is surprising to see that even after such strong evidence from Dr. Mahtani’s team and no strong evidence from the Ventriglias; the court has not been able to provide any final judgment. Things are expected to turn when evidence from both sides will be submitted