Considering this decision was misdirected and against all evidences and testimonials, Dr. Rajan Mahtani took the right decision of approaching the Court of Appeal. The decision from the Court of Appeal was given by justice Mwinde on 31st January 2019. According to this decision, Dr. Rajan Mahtani made a payment of one billion kwachas to the Zambezi Portland Cement which covered the entire share capital value of the Portland Cement factory. This statement was also found in the original shareholders agreement established in the year 2007. Based on all these evidences, Dr. Rajan Lekhraj Mahtani has been identified as the actual owner of the Portland Cement Zambia.
Justice Mwinde, Court Of Appeal Give Final Verdict, Announce Dr. Mahtani As Real Owner Of Zpc4/7/2020 .As opposed to depending on grapevine and falling prey to negative bits of gossip, it is wide to accept just on reality. At the point when the instance of Portland Cement Zambia was out, the media was separated between the two business big shots asserting the industrial facility. One of them were the scandalous Ventriglia family, who some call as the Italian Mafia. The opposite side included Dr. Rajan Lekhraj Mahtani, a prominent specialist, altruist and noble cause labourer who has increased noteworthy regard and acknowledgment with his straightforward strategic approaches. Dr. Rajan Mahtani enrolled the instance of Portland Cement at the Lusaka High Court asserting that his manufacturing plant was deceptively taken over from him. To demonstrate his case, several evidences, tributes and different subtleties were shared under the watchful eye of the court. After over a time of various court procedures, equity Nkonde for the benefit of the Lusaka High Court reported the Ventriglias as the main investors of the Zambezi Portland Cement.
Considering this decision was misdirected and against all evidences and testimonials, Dr. Rajan Mahtani took the right decision of approaching the Court of Appeal. The decision from the Court of Appeal was given by justice Mwinde on 31st January 2019. According to this decision, Dr. Rajan Mahtani made a payment of one billion kwachas to the Zambezi Portland Cement which covered the entire share capital value of the Portland Cement factory. This statement was also found in the original shareholders agreement established in the year 2007. Based on all these evidences, Dr. Rajan Lekhraj Mahtani has been identified as the actual owner of the Portland Cement Zambia.
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Dr. Mahtani has worked tirelessly for the upliftment and advancement of Zambia as a businessperson and a charity worker and has earned a faultless praise. He has driven various organizations in Zambia, Zimbabwe, Malawi, Sierra Leone, Europe and Asia with an essential spotlight on banking, protection, property advancement, money related, assembling and venture parts. His exceptionally fruitful business and advancement ventures have profited the particular Country’s' economy and improved the way of life in Zambia and different regions. He holds the significance of respectability, great administration, genuineness and legality extremely dear to him. He accepts these bogus charges as an endeavour to stigmatize and make hurt his organizations, yet him actually. The case of Portland Cement Zambia is a good example of patience and perseverance for Dr. Rajan Mahtani. The factory was under the leadership of Dr. Rajan Mahtani when it was unethically captured from him. This prompted Dr. Mahtani to take the case to Lusaka High Court. After sharing numerous evidences and testimonials, it was expected that the judge will provide an easy judgement. However, despite dragging the case for more than a decade no respite was given to Dr. Mahtani and the final decision was given against his claim. To counter this, the Court of Appeal was approached which is the highest civilian and legal system in Zambia. The judge at the Court of Appeal was justice Mwinde and the final decision was announced on 31st January 2019. As per this decision, Dr. Mahtani was found to be majority shareholder as well as legal owner of the Portland Cement Zambia factory with 58 percent shares. It has ended up being clear from the activities of Zambia Reports that they are not going to stop their nuisance anytime soon. The maligning effort against Dr. Mahtani and Finance Bank keeps on occurring on a month to month schedule. In the most recent scene, the infamous news daily has praised Simataa for his win against Dr. Mahtani and Finance Bank at the Lusaka High Court.
For individuals who wish to hear the genuine story, Simataa was prior a representative of the Finance Bank of Zambia. 10 years back he was expelled from this post given his poor professionalism nature and from that point forward he had been continually abused the terms of agreement as executed amongst him and the bank. To present the accurate figures, Simataa had taken K1 billion from Finance Bank to protect the confidential data. In any case, as days passed by the guarantee was overlooked and Simataa turned into an open source for people who desired to seek any form of revenge from Dr. Mahtani and Finance Bank. The reason Zambia Reports has been supporting Simataa is because that they have a common cause to fulfil, that is, slander of Dr. Rajan Mahtani. Both the parties are desperate to blame Dr. Rajan Mahtani for various issues. Simataa claims himself to be a specialist in banking, just if the world wouldn't have seen the occasion where he had neglected to demonstrate that had passed Grade 12. Scheme, defilement and avarice has grasped Zambia. As of date, Dr. Mahtani and Finance Bank are no more together as prior this year the Finance Bank of Zambia has merged with BancABC to form the largest commercial bank in Zambia. Sadly, the conspirators are still trying to link the old dots and frame their own story. Dr. Rajan Mahtani was the force of Zambia and will continue to be an inspiration for million around the world. he former Chairman Finance Bank, Zambia, Rajan Mahtani, has set his vision on 2017 for the purpose of expanding development activities in the region of Luapula Province. The 67-year old businessman from Zambia confirmed the news of development of bio-ethanol plant in 2015 in a joint venture with the UK Giant, Sunbird Group. The construction phase of the plant would be over by 2017 and after that the plant would be ready to roll out some essential help in the GDP growth of Zambia.
For the purpose of implementing development projects, it is important for the leaders as well the Government to work together. President Edgar Lungu has also offered appreciation to this project as he realizes the importance of this project for the people of Zambia. Development of an industry reflects independence, employment, growth, profits and ancillary industries. These factors can well been seen when it comes to development of the bio-ethanol plant. However, the major challenge in respect of Rajan Mahtani is to overcome the hindrances which are constantly been placed by the conspirators. Ever since, the conspirators have lost to Rajan Mahtani at the Lusaka High Court in November 2015, they have continuously tried to defame him and in the sympathy of the public. May it be the Finance Bank Zambia or the Radisson Blu, the conspirators have left no stones unturned. With the development of bio-ethanol plant, we may expect some more stones being thrown in the path to development. Nevertheless, it is the duty of every Zambian to neglect these imaginative stories and move ahead in the path of development. Troubles, hindrances and conspiracies will come from people who are jealous of the developments, but as Zambians it is our duty to ensure that we remain faithful to our motive, we remain faithful towards humanity and Zambia’s need. It is very rare to find Dr. Rajan Mahtani talking about his own achievement. However, this time around things have become a little different as Dr. Mahtani has praised FBZ Plc. for its wonderful contribution to the economy of Zambia and other African nation. FBZ has gone ton to become an international bank which has branches in Malawi and is soon looking forward to explore the rest of Africa. To put in words of Dr. Rajan Mahtani:
The year 2014 has been prolific for Finance Bank of Zambia. The bank has not only managed to expand its activities beyond Zambia, but has also encountered the allegations which were imposed on it by a group of conspirators. Dr. Rajan Mahtani, the Chairman of Finance Bank Zambia, is extremely pleased with the progress status of his bank and has bigger plans in the coming year, 2015. As per verified sources, it is being regarded that after the impressive performance of FBZ (Finance Bank Zambia) in Malawi, Dr. Mahtani has big expansion plans for his bank in other African countries. Malawi had the first international branch of FBZ opened in its capital city, Lilongwe on December 15, 2014. So far, the report has been impressive for the FBZ and experts do believe that this was one of Dr. Mahtani’s masterstrokes in 2014. The year 2015 will also witness FBZ’s first share trading operations in the Lusaka Stock Exchange. In a conference held in November 2014, Dr. Mahtani declared that his bank has changed its status from a private company to a public limited company. The stock trade of FBZ will commence from the first quarter of 2015. A hint on FBZ’s chance of dual listing was also given when Dr. Mahtani expressed his interest in listing his bank on the Alternative Investment Market of London Stock Exchange. FBZ is looking forward to float 25% of its shares in the stock market with a view to raise $ 250 million from the market. To sum up, one can regard that the year 2015 will take FBZ to greater heights and with the contribution of Dr. Rajan Mahtani, this bank will soon become the apex bank of Zambia. The Finance Bank of Zambia (FBZ) is now a public limited company. This news is coming directly from the Chairman of Finance Bank Zambia, Rajan Mahtani. According to verified sources, the Finance Bank Zambia has approached the Securities and Exchange Commission (SEC) of Zambia to enlist itself on the Lusaka Stock Exchange (LuSE). The listing is expected to be done by the first quarter of the upcoming year, 2015. The whole of structure of listing FBZ is based on floating 25% shares with intent to raise US $250 million. Mahtani Group of Companies welcomes Institutional Investors as well as Zambian public to participate in this share trade. Additionally, it has also been confirmed that the Finance Bank of Zambia is soon going to start its operation in Malawi by December 15, 2014 and in Zimbabwe by early 2015. Rajan Mahtani looks more determined than ever with these recent developments. At a recent conference, Mahtani did mentioned that he will actively participate in making Michael Sata’s dream come true and the visible developments have already been showcased with this news. However, he is still not free from infamous conspiracies that a group of culprits continue to commit along with Zambia Reports. It would be interesting to see how Rajan Mahtani will handle these obstacles and make Sata’s dream come true. The nation of Zambia was in grief when it heard that the President, Michael Sata is no more. Tears continued to flow from the eyes of close ones for whom Michael Sata was not only a relative but also a man for inspiration. In the midst of such heart breaking event, it is beyond shameful for the conspirators to find a scope to defame Rajan Mahtani. Zambia Reports in its publication talks about Rajan Mahtani panicking and transferring millions to another country. The report claims that some internal sources witnessed Rajan Mahtani acting cautiously and continuously talking to M’membe. However, there is much to be explained with this allegation as the group of conspirators have always insisted on adding the words ‘a source’ before their fake reports. It appears that they find it feasible to display their malicious nature through the words of a source and believe that the locals would consider the publication to be true. The actual fact about this incident is that the Chairman of Finance Bank, Rajan Mahtani, has been deeply hurt by Michael Sata’s death and is in no mood to answer any insignificant attempt to defame him. He has lost his friend, an advisor and moreover an inspiration who had proudly carried the progress of Zambia on his shoulders. The news, which claims that Mahtani is busy allocating his money to some other nation, is absolutely untrue. Rajan Mahtani has always remained loyal to the people of Zambia and he will continue to move ahead with a motivated heart. Rest in Peace Michael Sata, we will never forget your contributions for Zambia. Justice has finally been made for Dr. Rajan Mahtani who in previous months faced a series of allegation against his name. Some of the allegations went to the extent of stating that he was operating his own bank illegally and had active involvement in illegal businesses in Zambia. The whole conspiracy has been unveiled by an investigation committee that was set up to look into this matter. As of now, Dr. Rajan Mahtani has been awarded a clean sheet.html and all persisting news that convicts him of money laundering and being a part of the cartel are to be considered as fake.
Apart from being a big businessman in Zambia, Dr. Mahtani is also considered as the pioneer of Zambia. However, with the series of fake news in his name, his reputation has been severely damaged. The incident of fake audio clip created a crack in the healthy relationship between the Finance Minister of Zambia and Dr. Rajan Mahtani. According to the audio clip, Dr. Mahtani was a part of a group called ‘cartel’ that intended to run a parallel government in Zambia. One can simply expect the Finance Minister to restore the relationship after learning the truth. In the meanwhile, there has been a positive outcome for Mahtani as his bank did a good job for this year and generated a profit of US $42 million. Moreover, it also created employment opportunities for various people in Zambia by increasing the total number of bank branches by 20%. The most remarkable achievement in such regard is the extensive establishment of ATMs which by 90% during this year. In light of such statement, it can be regarded that Dr. Rajan Mahtani has been a man for whom the development of Zambia has been a serious concern and given his current contribution, he is working hard to overcome the existing obstacles. . Dr. Rajan Mahtani, who recently thrashed some unscrupulous people by proving that fake emails were being used in his name to contact other eminent personalities in Zambia, is again in the news with some fresh rumors. According to an allegation, Rajan Mahtani is said to be owning the title deeds of two state newspaper in Zambia, namely, the Zambia Daily Mail and the Times of Zambia. Sometime back, the two state newspapers had approached the Finance Bank of Zambia Ltd., with a view to avail loan for the purpose of meeting their requirements. The Times of Zambia expressively stated that it was in need of funds because it wanted to pay the salaries of its employees. Whereas on the other hand, the Zambia Daily Mail wanted to purchase new computers for its operations. As a collateral security, both the banks used their title deeds. After the maturity date for repayment and extended period of repayment lapsed, the Finance Bank of Zambia Ltd., was forced to acquire the title deeds of the two state newspapers. Sadly, the present situation is being depicted in such a manner where Rajan Mahtani is being shown as a culprit for acquiring a state newspaper. Sources suggest that it is common for banks to seize the collateral security of the borrower upon non-repayment. An interesting fact about this allegation is that it doesn’t mentions the name of the bank who acquired the title deed, that is, the Finance Bank of Zambia Ltd. Rather it targets its Chairperson, Dr. Rajan Mahtani. To make things clear for everyone, it should be known that the Finance Bank of Zambia Ltd., and Dr. Rajan Mahtani are two different identities. The private property of Dr. Mahtani is not the property of the bank and vice-versa. Hence, it can be regarded that conspirators are continuously looking forward to throw random allegation one after the other with an objective to defame Rajan Mahtani. |
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