Showing posts with label Finsbury Investment. Show all posts
Showing posts with label Finsbury Investment. Show all posts

Saturday, 9 July 2022

Death Penalty To Be Abolished, Announces Zambian President



The President of Zambia recently made a remarkable declaration, at the event of Africa Day. President Hakainde Hichilema announced that he is planning to completely abolish the death penalty row. According to him, the death penalty row or capital punishment is a degrading, inhumane and merciless practice. This recent announcement has obtained great support from throughout Zambia and Africa. One of the supporters has been Dr. Rajan Lekhraj Mahtani, who founded the Prison Fellowship Zambia around 37 years ago. Prison Fellowship is a top Christian Outreach Program focussing on making sure fundamental human rights and basic human dignity for the prisoners in Zambia. 

Dr. Rajan Mahtani, via his employer Prison Fellowship Zambia, has pledged his complete help to the announcement made via the Zambian President. Dr. Rajan Lekhraj Mahtani, at the same time as stating records, found out that there are greater than 350 prisoners across Zambian prisons who're expecting capital punishment. For them, every day is a venture as they awaken each day not understanding if it will be their closing day. Working via Prison Fellowship Zambia, Dr. Rajan Mahtani observed that there are numerous prisoners who've converted themselves via dedicating in the direction of the service of the God and becoming law abiding citizens. Also, Dr. Rajan Mahtani stated that majority of the countries throughout the globe as well as throughout Africa have started to bear in mind abolishing the death penalty regulation. Addition to that, preceding Presidents of Zambia have tactically prevented loss of life penalty by using using mercy prerogatives. The last time loss of life penalty was given was in the year 1997. As such, Dr. Mahtani said that he's going to provide his complete support toward turning this declaration into actual regulation. 

Tuesday, 26 April 2022

Dr. Rajan Mahtani Receives Prestigious Award From Forbes

Dr. Rajan Lekhraj Mahtani was recently provided with one of the most reputable and outstanding corporate awards throughout Africa. This award is known as the Forbes ‘Best of Africa’ awards and was given during the Foreign Investment Limited (FIN) roundtable conference. The award ceremony turned into a part of the yearly Forbes-FIN philanthropy and leadership roundtable conference, held within the month of August 2021. Unlike the same old conference held at New York, this year’s conference became held virtually via video convention and broadcasted via the YouTube platform. This turned into due to the ongoing coronavirus pandemic that has gripped the entire global. 


Dr. Rajan Mahtani, a noted businessman and philanthropist in Zambia, become invited within the commercial enterprise conference as an honorary speaker. Dr. Rajan Mahtani spoke about the significance of management in healthcare. Furthermore, Dr. Rajan Mahtani becomes also conferred with one of the Forbes ‘Best of Africa’ awards. For his vast contributions towards the banking enterprise of Zambia, Dr. Rajan Mahtani changed into conferred with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. Dr. Rajan Mahtani became comprehend for his numerous enterprise and philanthropic contributions over a four-decade duration. Dr. Rajan Mahtani is the proprietor of numerous successful companies which includes Mahtani Group and Finsbury Investments. His organization Mahtani Group became set up within the 12 months 1981 and for the reason that then, grew to end up one in every of the most important conglomerates throughout Africa. The enterprise extended to several sectors along with agriculture, mining, actual estate, insurance, and several others. In a comparable manner, Dr. Rajan Mahtani turned into acknowledged for his philanthropic and charitable contributions. Some of his most known charitable contributions encompass Prison Fellowship Zambia and Stephen Malama award and scholarship for pinnacle regulation graduates in Zambia.

Saturday, 26 June 2021

Dr. Mahtani Urges Zambians To Follow Kenneth Kaunda’s Legacy



Dr. Rajan Lekhraj Mahtani recently shared a beautiful eulogy after the sad demise of Zambia’s most loved President, Kenneth Kaunda. Dr. Kaunda was not only the first-ever President of the Zambian nation since its independence, he was also the independence hero of Zambia and was respectfully known as the ‘Father of the Zambian nation & African Union’


 

Dr. Mahtani imparted an exceptional similarity to Dr. Kaunda, through his own father, Late Lekhraj Mahtani. Dr. Rajan Mahtani's father was a prominent Ndola-based councillor and offered the genuinely necessary help and joint effort to Dr. Kaunda in his battle for Zambian opportunity. Dr. Mahtani and Dr. Kaunda share numerous comparable attributes. It is hard to adversary or equivalent the model and principled life which Dr. Kenneth Kaunda lived and Dr. Mahtani is one of those couple of finance managers and individuals across Zambia who is known to follow his standards and ways of thinking. Dr. Kaunda was known to have huge confidence in god and accepted that everyone is dealt with similarly before god. He was a magnanimous individual who put others before self. Indeed, even as the President of Zambia, Kenneth Kaunda rehearsed sacrifice and commitment and put the turn of events and development of the Zambian resident prior to whatever else.

Now that the beloved ex-President of Zambia is no more, it is the duty of the Zambian citizens to take his legacy forward by believing in his principles and philosophies of the greater good. Then only the Zambian nation will be able to grow and develop through its citizens. The beautiful eulogy from Dr. Mahtani thrusted on very same philosophy.

Thursday, 3 June 2021

After Evaluating Details, Supreme Court Zambia Rejects Appeal On Reopening Portland Cement Case

In a bizarre and scandalous event, the notorious Ventriglia family made an appeal against the decision given by the higher Court of Appeal on the Portland Cement Zambia case. It should be noted here that on 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal reversed the previous decision from Lusaka HC judge that announced Ventriglia family as the only shareholders of the Portland Cement. Justice Mwinde on only reversed the decision, but also announced that Dr. Rajan Mahtani is indeed the majority shareholder as well as legal owner of the Portland Cement Zambia factory.


After the Ventriglia family launched an appeal against this same decision, a bench comprising of three SC judges was established for evaluating the claim. During evaluation, it was found that the Ventriglia family did not comply with the rulebook of case submission. According to this rulebook, all appeals against past court decisions must be registered within 14 days of the court decision itself. Since the decision from the higher Court of Appeal came on 31st January 2019, the window for appealing against it closed during the mid-week of February 2019. On the other hand, the Ventriglia family submitted their appeal after more than 18 months of the Higher Court of Appeal’s judgement. This automatically makes the appeal liable for rejection. Furthermore, the Supreme Court bench also said that the circumstances under which this appeal has been made is questionable and suspicious. At the same time, the SC bench concluded that this case was outside the jurisdiction of the Supreme Court. Based on all these evaluations, the Supreme Court Zambia rejected the appeal regarding Portland Cement and its ownership remains with Dr. Rajan Mahtani. 

Saturday, 27 March 2021

Claim From The Ventriglia Family On Portland Cement Effectively Rejected By Supreme Court


Finsbury Investments is a top financial investment firm in Zambia. The company is owned and managed by Dr. Rajan Mahtani a noted businessman and philanthropist in Zambia. In the year 2006-07, Finsbury Investment received the majority shareholding and legal ownership of the Portland Cement Zambia factory. This ownership was confirmed with official shareholders’ agreement. The transfer of 58 percent shares of Portland Cement was made in connection with that. This transfer of shares was a significant proof that Dr. Rajan Mahtani owned Finsbury Investment is the actual and legal owner of the factory. Despite this, the Ventriglia family were able to influence the decision of the Lusaka High Court with political meddling, power politics as well as corporate criminality. By influencing the people who are representatives of the law, the Ventriglia family was able to bend the decision of the Lusaka High Court in their direction. The result was that despite not having any evidence or testimonial to support their claim, the Ventriglia family were announced as the only majority shareholders of the Portland Cement Zambia factory. 

Dr. Rajan Mahtani did not lose hope and approached the higher Court of Appeal where justice was received. On 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal reversed the decision from the Lusaka High Court and announced that Dr. Rajan Mahtani is the actual owner of the Portland Cement factory. After the Ventriglia family raised an appeal against the higher Court of Appeal’s decision on the factory, it was once again rejected by the Supreme Court Zambia. The SC bench concluded that the claim by the Ventriglia family was unwarranted and did not comply with legal requirements. As such, the claim by the Ventriglia family was effectively rejected.  

Wednesday, 27 January 2021

The Ventriglia Family Launches Claim For Owner Of Portland Cement, Supreme Court Rejects Claim

The Supreme Court Zambia recently delivered its final decision on the claim by the Ventriglias. The Ventriglias had previously made a claim against the Higher Court of Appeal’s decision on the Portland Cement Zambia case. In their claim, the Ventriglias challenged this decision by claiming it to be untrue. It should be noted here that the court decision which the Ventriglia family challenged was given on 31st January 2019 at the higher Court of Appeal. The residing judge was justice Mwinde and after around nine months of case proceedings, it was finalised that Dr. Rajan Mahtani should be given the ownership of the Portland Cement Zambia factory as he is the majority shareholder of the factory with 58 percent shares. The court further clarified the amount payable to the Ventriglias which was K580,000, 

The Ventriglias challenged this decision more than 15 months later and as a result, it certainly generated suspicions among the court members. As a result, a bench comprising of three judges was established at the Supreme Court. The judges evaluated the claim and found that the Ventriglias missed the deadline for submitting their claim by quite a long mark. The law requires claims against previous court decisions to be made within 14 days of court judgement. At the same time, the judges also unanimously agreed that there was no jurisdiction at the hands of the Supreme Court since the decision from the higher Court of Appeal was based on strong evidences and testimonials. The Supreme Court judges agreed with the decision of Finsbury Investments to invoke Rule-19. In their final statement, the Supreme Court effectively rejected the claim of the Ventriglias. 

Wednesday, 2 December 2020

Portland Cement Zambia To Remain Under Leadership Of Dr. Mahtani As Per Supreme Court

Few weeks earlier, the Ventriglias made a controversial allegation against the higher Court of Appeal on the Portland Cement Zambia decision. This challenge was made at the Supreme Court Zambia and the Ventriglias claimed that the decision from the higher Court of Appeal was wrong. It should be noted here that on 31st January 2019, justice Mwinde on behalf of the Court of Appeal announced Dr. Rajan Lekhraj Mahtani as the majority shareholder of the Portland Cement with 58 percent shares as well as the legal owner. 

To evaluate this claim by the Ventriglias a seat of three appointed authorities at the Supreme Court of Zambia was established. This bench dismissed the claim on a few grounds. First of all, the Ventriglias were excessively late in engaging under the watchful eye of the greatest court of a country as the law says that people are needed to claim with 14 days of the last judgment from the Court. Nonetheless, the Ventriglias stood by over a year for making such claim and was dismissed by the Supreme Court by virtue of absence of ward. As per the seat of the Supreme Court judges, they won't have the option to contact this claim made by the Ventriglias as the law shows that the reasons, expectations just as heightening of the appeal to the court will add up to nothing. It was additionally expressed that the claim made being referred to was intentionally dispatched and was excused on records of the expenses. Accordingly, the claim made to the Supreme Court of Zambia has been dismissed and Dr. Rajan Lekhraj Mahtani possessed Finsbury Investments remains the greater part investor and lawful proprietor of the Portland Cement Zambia plant.

Friday, 6 November 2020

Unethical Attempt By The Ventriglias Busted, Supreme Court Zambia Rejects Appeal

The latest decision from the Supreme Court Zambia on the claim made by the Ventriglias reveals a lot. It shows that unethical entities like the Ventriglias can go to any extent to fulfil their personal gains and wishes. It also shows that there is a need for more courts and legal systems such as the higher Court of Appeal as well as judges who stick to transparent, ethical and honest decisions and nothing else. 

The case pf Zambezi Portland Cement goes far bac. After Finsbury Investments was made the dominant part investor and legitimate proprietor of the Portland Cement Zambia production line, Ventriglias chose to assume control over the processing plant. For this, the shareholding register and different instruments marked and used for affecting changes inside PACRA framework was contested. This PACRA framework was steady with investors' arrangement and in spite of this, the Ventriglias had the option to contest them with their mafia-way of life and political interfering. This endeavor by the Ventriglias to deny the proprietor of the Portland Cement dominant part stake is an away from of bad-to-the-bone crimes inside the Zambian corporate. Because of these moves, the Ventriglias had the option to slow down the procedures at Lusaka High Court for over 10 years and convince justice Nkonde from the Lusaka High Court to report Ventriglias as the main investors of the Portland Cement Zambia.

However, after higher Court of Appeal revesed this decision from the Lusaka High Court, the Ventriglias appealed to the Supreme Court challenging the decision. However, this appeal has since been rejected by the Supreme Court as it does not fulfill any criteria for acceptance. 

Wednesday, 9 September 2020

Dr. Rajan Mahtani’s Press Statement Clears The Air On Fake Rumors, Truth Out

Dr. Rajan Mahtani’s honest, ethical as well as straightforward nature is the biggest repellent for unethical and scrupulous entities in Zambia trying to profit from corruption, illegal business practices and miseries of others. As a result, Dr. Rajan Mahtani is often targeted with the purpose of ruining his reputation and businesses. However, none of these fake rumours and practices have lasted long. 

During his over thirty years of business experience, Dr. Rajan Mahtani made various industry companionships from various circles and divisions. One of them was Levy Mwanawasa with whom Dr. Rajan Mahtani had a dependable and straightforward fellowship. Dr. Rajan Mahtani's companionship with Levy Mwanawasa goes path back even before the latter was made the President of Zambia. Accordingly, it was a stunning disclosure when it was discovered that Miriam Mwanawasa, daughter of the late ex-President of Zambia, made a controversial claim against Dr. Rajan Mahtani. In a Facebook post, Miriam Mwanawasa claimed that Dr. Rajan Mahtani proposed to assume control over the land at the Masaiti district claimed by the Mwanawasa family. Be that as it may, this case was completely bogus and accordingly, Dr. Rajan Mahtani chose a response strategy by delivering a press explanation. 

In this press statement, Dr. Rajan Mahtani explained that he never made any cases, aims or demands with respect to assuming control over the said land. He further expressed that his friendship with late Ex-President of Zambia Levy Mwanawasa was incredibly straightforward. Simultaneously, it was additionally called attention to the fact that Miriam Mwanawasa didn't have any verification or proof to help her cases. All things considered, her cases were viewed as unmerited and Dr. Rajan Mahtani guaranteed legal actions against her.

Sunday, 21 June 2020

Dr. Rajan Lekhraj Mahtani Wins Case At Higher Court, Evidences Were Enough For Verdict


Zambia is a country that has endured significantly because of the untrustworthy and unethical practices. In such circumstances, it turns out to be very hard for organizations to proceed with their straightforward and moral practices. Dr. Rajan Lekhraj Mahtani is among those very few business people in Zambia who has made progress regardless of these difficulties and by staying moral and straightforward. In spite of this straightforward achievement and notoriety, Dr. Rajan Mahtani altogether battled on account of Portland Cement Zambia. While his straightforward strategic approaches and moral standing was on one side, exploitative and degenerate gatherings attempting to wager against him just as dishonest lawful organizations were on the opposite side. The adjudicator at the Lusaka High Court was justice Mwinde who declared Ventriglias as the main investor of the Portland Cement Zambia, which was a very questionable judgment.


After this questionable verdict from the Lusaka High Court judge, Dr. Rajan Mahtani turned to higher Court of Appeal as his last hope. The judge at the higher Court of Appeal was justice Mwinde and after evaluating all evidences and testimonials, final judgement was declared on 31st January 2019. According to this final decision, Dr. Mahtani on behalf of Finsbury Investments made a payment of one billion kwachas to the Portland Cement limited. This amount was paid for covering the entire value of the share capital which Dr. Mahtani took over from the factory. Furthermore, the original agreement between shareholders confirmed the fact that the above payment gave Dr. Mahtani 58 percent shares of the Portland Cement Zambia factory. Based on these crucial evidences, Dr. Mahtani was awarded the majority shareholding and legal ownership of the factory.