Dr. Mahtani Contributes To African Forum 2017, Results In Its Success

Dr. Rajan Lekhraj Mahtani is a successful and noteworthy businessman in Zambia. He has established various successful businesses and ventures in the Zambian land. With his various economic and social contributions, Dr. Mahtani has showcased his true love for Zambia and its citizens. Some of his top companies are Mahtani Group of Industries and Finsbury Investment. He is also the ex-Chairman and founder of Finance Bank Zambia. He is also the legal owner of Zambezi Portland Cement for which he is currently fighting a long-pending case at the Lusaka High Court against the Ventriglias. The Ventriglias have illegally captured the cement factory and even after 10 years of the case, no results have been given yet.

Dr. Rajan Mahtani was recently in news for his contribution towards the African Forum 2017. It is an annual forum providing a platform for various famous personalities from different backgrounds to come together and discuss various critical and burning issues across the African nations. For many years, these types of platforms have been useful in bringing important but often neglected issues on a mass platform from which various solutions have emerged. This year’s forum also included the PFI (Prison Fellowship International), an international organization.

The forum helped many like-minded people to come together and discuss the burning issues related to their nations and the entire continent. Apart from the press secretary, almost all members had good words for Dr. Mahtani during the event. These charities are just a few examples of his silent contribution towards the growth and development of Zambian nation. 

Zambezi Portland Cement Soon To Get Revival With Lusaka Hc Announcement

It is a known fact that following a path of integrity and honesty is extremely difficult. Those who start their work or business with honesty face various roadblocks in their life. Some give up and others thrive. The story of Dr. Rajan Mahtani, a premier businessman from Zambia, is similar. Dr. Mahtani has always been an honest individual, staying away from all forms of illegal, unethical or dishonest activities. His personal and professional life is an example to everyone who is unsure of the success achieved with hard work and honesty. It is also a known fact that Dr. Rajan Mahtani has many enemies and almost all of them are those who have not been able to indulge Dr. Mahtani into the path of corruption.

The case between Dr. Mahtani and the Ventriglias related to Zambezi Portland Cement is a sheer example of patience, perseverance and the path to honesty and truthfulness. Zambezi Portland Cement was successfully run by Dr. Mahtani until it was illegally taken over by the Ventriglias. While the Ventriglias took over the factory by illegal methods such as hiring goons; Dr. Mahtani opted for the legal path to get back the factory. He launched a case at the Lusaka High Court and submitted all required documents and evidence that prove his legal ownership over the factory. However, his patience has been tested time and again and this time too, as the high court took almost ten years to arrive at a positive judgment. This judgment is expected to save Zambezi Portland from further ruins. The high court has announced that case hearing is closed and both parties will be submitting their final evidence based on which, final judgment will be announced soon.  

Financial Intelligence Centre Discovers Mass Racket Of Money Laundering

Tax evasion is a criminal action, particularly when done illicitly and the wellspring of cash is unlawful. The FIC (Financial Intelligence Centre), an insight department from Zambia as of late uncovered a mass illegal money-laundering scheme with the involvement of prominent figures including noticeable legal advisors from Zambia. This is an immense disclosure in Zambia's history in light of the fact that the quantity of prominent people associated with this racket is gigantic.

The request for investigation began after FIC began looking into suspicious exercises and money exchanges connected to individual and corporate financial balances. These exchanges added up to more than USD 1 billion in esteem and brought about a mass examination of the general population included. Masozi M. Banda is a legal counselor from Avik International gained notoriety during this rundown as he is in the top in the list of names associated with illegal tax avoidance conspire. According to the FIC, he has been laundering cash to the despot of Zambian tyrant Edgar Lungu. Banda has protected himself by challenging that the cash is for government contracts. Be that as it may, the FIC wouldn't give up effortlessly since the sum engaged with these exercises is colossal and numerous different legal advisors and additionally law offices have given comparative reasons.

One of the other distinguished names in the list is of Sakwiba Sikota, the owner of Central Chambers law firm and legal counselor to the Ventriglias. While some of the names in the list are surely shocking; Sikota’s name is not so much due to his prior involvement in similar activities alongside the Ventriglias. The investigation is going on and the FIC will be sharing updated news soon.