Dr. Rajan Lekhraj Mahtani Applauded for his Contribution to African Summit

With globalisation and technological advancement, nations like Zambia are getting numerous opportunities to improve their economic, social and technological competencies. It is also the duty and responsibility of corporate, businesses and industries to contribute towards the community, nature and environment so that there is development of the entire nation along with them. As such, recent years have witnessed numerous conferences and industry events wherein corporate houses and industrialists from various fields have participated. The objective of these summits and conferences is to evaluate the current situation of the nation, the shortcomings, limitations as well as areas of opportunities which can be utilised.

One of these activities is African Summit which is held annually. The summit is a major platform for various industries and fields to come together and share their views and ideas for betterment of the nation. The 2017 African Summit was a successful event attended by top industrialists and corporate houses. After the completion of this summit, the Chief Press Secretary of the Prison Fellowship International, made public a press release thanking Dr. Rajan Mahtani for his contribution towards the success of the event.

From this press release, it was clear that Dr. Rajan Mahtani had contributed for the success of the event and did so without gaining any attention. He also attended the event, participated in many debates and discussions and even spoke with the young business entrepreneurs. Dr. Rajan Mahtani is a popular businessman and his activities separate him from rest of the industry members. Despite sudden and consistent attacks from his conspirators, Dr. Rajan Mahtani continues to work for the development and betterment of the Zambian society and its citizens. 

Zambian Citizens Shocked with Involved of Top Lawyers in Money Laundering

The recent revelation of money laundering case has not only shocked the citizens of Zambia, but also its industries and corporate houses. The FIC was the agency who was into this money laundering scheme for some time and carried out investigations to find out the level of penetration by this money laundering scheme. Even the investigators were shocked to find out the level of money that was involved in this scheme. More than USD 1.5 billion was found to have involved in this money laundering heist. Furthermore, the FIC also revealed that this money is tentative. Looking at the number of people involved, the timeline in which these activities have been going on and the level of authority many of the individuals and groups involved in this money laundering act, it can be easily said that the amount is going to be much higher.

Among the names revealed by FIC during one of its press release, the most interesting was of Sakwiba Sikota. Now, those following the case of Portland Cement Zambia would certainly know that Sikota is the lawyer and legal counsellor for the Ventriglias, wherein the latter is accused of illegally capturing the cement factory. Portland Cement Zambia legally belongs to Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist. Since this illegal takeover, Dr.Mahtani has been trying to win back the factory in a legal manner, at the court. However, it is a known fact that the government of Zambia suffers from many shortcomings.

Therefore, it is no brainer that these money launderers were able to hide behind plain sight and were able to escape law and punishment for such a long time.

Top Zambian Lawyers Suspected Of Laundering Millions Of Dollars, Fic Reveals

In one of its most shocking revelations ever, the Financial Intelligence Centre revealed that top class lawyers and legal counsellors from Zambia have been caught in a money laundering scheme. According to the reports, the amount of money circulated within the scheme is more than USD 1 billion. Investigations are still going on and in the meantime, FIC released a list containing names of individuals involved in money laundering against whom sufficient evidences have been collected. These are some of the top-notch lawyers working with big firms and even with the government. This clearly indicates the level of penetration achieved by these corrupt officers.

As per the FIC, more than 35,000 cash transactions were observed linked with the individual and private bank accounts of the individuals who were in radar. Along with this, the FIC also reported that majority of the transactions were conducted during illegal and corrupt campaigns such as trial of Rupaih Banda for the Nigerian Oil deal and illegal Presidential elections. It is clear that these transactions were conducted to fund these events. Furthermore, names such as Masozi M Banda and Sakwiba Sikota have been named in the list. Banda is the lawyer for Avik International and has worked with prominent business and political figures. He has been accused of laundering money worth more than USD 1 million. Similarly, Sakwiba Sikota is the owner of Central Chambers and long term legal counsellor for the Ventriglias.

FIC reveals that the actual money laundering scheme is much bigger than what they have been able to investigate till now. Government has also started investigating into the matter and has assured that they will share any new information as and when it arrives.  

Money Laundering Activities Going On In Zambia In Large Scale

The FIC (Financial Intelligence Centre) recently published a report wherein various lawyers were suspected of engaging in illegal cash transactions. This clearly states that money laundering activities are going on across Zambia on a large scale. The list comprises of various prominent lawyers, owners of law firms, government officials, contractors and even some ministers. This recent bust has been condemned by industrialists and common citizens alike. Businessmen like Dr. Rajan Mahtani and others are shocked by this revelation and have demanded strict punishment from the government to those who are guilty of the crimes.

Some of the prominent names in the list are Masozi Banda from Avik International and Sakwiba Sikota. Sakwiba Sikota is the owner of Central Chambers, a law firm. He is also known for his long-term association with the Ventriglias, who in-turn is notorious for their illegal and unlawful ventures as well as bending laws every now and then. His name in the list is a clear indication of how Sakibwa and the Ventriglias have together duped the Zambian citizens and industrialists for years.

The FIC told the reporters that it started the investigation after suspecting numerous cash transactions from corporate and individual bank accounts of noted lawyers, law firm owners and other government officials who were already under the radar. More than 35,000 such transactions were observed. It was also found that majority of the transactions were wired to bank accounts in Dubai or China, so it is practically difficult to trace the activities. It was also found that the majority of these illegal transactions were undertaken for funding fraudulent campaigns and presidential election.

Further investigation will reveal the depth of their involvement and the guilty ones are expected to be prosecuted by courts.  

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.