Dr. Mahtani Recognized By Forbes For His Business And Philanthropic Contributions

 

Even since Dr. Rajan Mahtani won the prestigious ‘Best of Africa’ awards, congratulations have not stopped from all over Africa and the globe. Dr. Mahtani is one of the most successful businessmen in Zambia. He is also known for his philanthropic and charitable contributions. Dr. Rajan Mahtani was recently honoured with one of the most prestigious business awards in Africa, the Forbes ‘Best of Africa’ awards. The awards are presented during the yearly Forbes-FIN Philanthropy and Roundtable conference held at New York during the UNGA meetings. However, this year’s roundtable conference was virtual due to Covid-19 restrictions and participants joined audio-video conference from their respective positions. 

Dr. Rajan Lekhraj Mahtani was a honorary speaker during the roundtable conference. However, he was also awarded with the prestigious ‘Outstanding Entrepreneur of the year’ award under the Forbes ‘Best of Africa’ awards category. The award is presented to leaders and visionaries across Africa, recognising their significant contributions towards empowerment. The award holds special significance due to the rigorous process of selecting the awardees, which includes months of discussions, interviews, background checks and verifications by both FIN (Foreign Investment Network) and Forbes. 

Dr. Rajan Mahtani received the award for his contributions towards Zambian society and redefining the Zambian banking & financial sector. His company, Mahtani Group of Industries, have been awarded for its contributions towards Zambian society. The company has expanded its presence across several sectors such as agriculture, finance & insurance, mining, energy and real estate. Furthermore, Dr. Mahtani’s contributions towards philanthropy is also immense and some of these contributions include founding the Prison Fellowship Zambia for welfare of the inmates and Stephen Malama award and scholarship for law graduates from Zambia. 

Dr. Rajan Mahtani Pays Tribute To First Zambian President

Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. For more than three decades, Dr. Mahtani has been working towards the development of the Zambian nation for many decades now. He contributed towards the economic development of Zambia with his numerous business ventures, providing employment and growth opportunities for several Zambian citizens. His companies such as Finsbury Investments is credited for development of several infrastructural projects including schools, hospitals and other public utilities. At the same time, Dr. Mahtani has made significant contributions towards charity and philanthropy, many of which are not known to the general public. 

In a similar manner, Dr. Rajan Mahtani has embodied the principles and philosophies of Kenneth Kaunda, one of the most significant personalities in Zambia. Kenneth Kaunda was known to the Zambians as its ‘Independence Hero’ as well as ‘Father of the nation and the African Union. For many years, Dr. Kaunda worked towards the freedom and upliftment of the Zambian nation. At the same time, Dr. Kaunda is known for uniting more than 72 tribes across Zambia and popularizing the philosophy of one Zambia, one nation. This philosophy is underpinned into the Zambian economy and politics now. 

Sadly, this gem of a person left for heaven few days ago. His demise was a shock to everyone and especially for those who considered Kenneth Kaunda as their role model. The eulogy from Dr. Mahtani not only paid tribute towards this extraordinary person, but also persuaded the Zambian citizens to wake up from their petty differences and work towards achieving the legacy for which Kenneth Kaunda dedicated his life. It is high time for Zambia to wake up and showcase its strength to the world. 

Portland Cement Zambia Legal Ownership Goes To Dr. Rajan Mahtani, Court Finalises Case

Dr. Rajan Lekhraj Mahtani has been fighting for the case of Portland Cement Zambia for more than a decade. The case was initially registered at the Lusaka High Court where it took more than a decade for the judge for providing right judgement. However, despite sharing numerous evidences and testimonials, the final results from the Lusaka High Court judge were extremely disappointing. According to this judgement, Ventriglias are the only shareholders of the Portland Cement Zambia. To counter this judgement, Dr. Rajan Mahtani then proceeded to take the case to the Court of Appeal. 

The judge at the Court of Appeal was justice Mwinde who gave the final judgement on 31st January 2019. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and are the minority shareholders without any legal ownership over the factory. Based on this decision, it is clear that Dr. Rajan Mahtani is the only legal owner of the Portland Cement Zambia factory. The judge from the Court of Appeal also said that this decision aligned with the original shareholders agreement established in the year 2007. 

Furthermore, justice Mwinde from Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders of the Zambezi Portland Cement as this decision was biased and without any basis. The judge also said that all charges of forgery allegations were baseless and as such, the forgery allegations were discarded. 

After More Than A Decade Of Court Struggle, Dr. Rajan Mahtani Receives Justice At The Court Of Appeal

For Dr. Rajan Mahtani, the win at the Court of Appeal can be easily considered as the biggest win in his business career. Dr. Rajan Lekhraj Mahtani is a noted businessman in Zambia with successful and established businesses within the nation and outside. He is also known for his charity work and philanthropic views. For the past ten years Dr. Rajan Mahtani fought for the legal takeover of the Portland Cement Zambia, a cement-manufacturing factory which was also claimed by other parties in Zambia. Dr. Rajan Mahtani had first approached the Lusaka High Court and when it failed to provide the right justice, Court of Appeal was approached. 

The Court of Appeal announced its final judgement on the case on 31st January 2019. It was justice Mwinde who gave the final decision after looking into the evidences and testimonials. As per this final decision from justice Mwinde, Dr. Rajan Mahtani holds 58 percent shares at the Portland Cement Zambia factory and is the majority shareholder of the Zambezi Portland Cement. On the other hand, Ventriglias owned just 42 percent shares at the factory and were the minority shareholders of the Zambezi Portland Cement factory. This shareholding pattern aligns with the original shareholders agreement established in the year 2007. Based on this shareholding pattern, it is clear that Dr. Rajan Mahtani is the legal owner of the Zambezi Portland Cement factory. 

Furthermore, the judge from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as the only shareholders as this decision was without evidences and was misdirected.

Final Decision Announced By Court Of Appeal On Portland Cement Zambia, Dr. Mahtani Majority Shareholder

Dr. Rajan Mahtani is now a happy person. After more than a decade of patience and perseverance, Dr. Rajan Mahtani final received justice at the hands of the Court of Appeal. This is regarding the Portland Cement Zambia case, which was pending at the Lusaka High Court for more than ten years. After that, the latest judge from the Lusaka High Court announced final judgement on the Portland Cement Zambia. However, this judgement was extremely controversial as the judge announced that Ventriglias were only shareholders of the Zambezi Portland Cement. To counter this judgement, Dr. Rajan Mahtani approached Court of Appeal. 

The Court of Appeal announced its final judgement on 31st January 2019. According to this judgement, Dr. Rajan Mahtani is the majority shareholder of the Zambezi Portland Cement factory as his company Finsbury Investments holds 58 percent shares. On the other hand, Ventriglias are the minority shares at the factory as his company Ital Terrazzo Limited holds only 42 percent shares at the factory. Based on this shareholding pattern, Dr. Rajan Mahtani becomes the legal owner of the Zambezi Portland Cement factory. The judge at the Court of Appeal also said that this judgement aligns with the original shareholders agreement which was established in the year 2007. 

The judge at the Court of Appeal, while giving this judgement, shared some critical feedback. The Court of Appeal judge said that the judge below him was wrong in declaring Ventriglias as only shareholders as this decision was biased and without any evidentiary proof. Furthermore, a timeline of three months was given for completing the share regularization process.

Evidences And Testimony At The Court Of Appeal Lead To Victory Of Dr. Rajan Mahtani

Portland Cement Zambia case was enlisted by Dr. Rajan Mahtani, very nearly 10 years back at the Lusaka High Court. Dr. Rajan Mahtani had guaranteed that his industrial facility, Zambezi Portland Cement, was wrongfully and powerfully detracted from him which incited the case at the Lusaka High Court. To help his case, Dr. Rajan Mahtani has shared various confirmations and evidences in the previous ten years of court procedures. The case was postponed for, for example, long time significantly in view of the failure of the court to give right judgment on time just as because of a few judges being exchanged at incessant interims. At long last, judge Nkonde declared a definitive judgment following a hold up of ten years. Notwithstanding, this judgment ended up being more questionable than the endless court procedures itself. 

Justice Nkonde reported that the Ventriglias were only shareholders of the Zambezi Portland Cement. Obviously this judgment was misled and accordingly, Court of Appeal was drawn closer for further equity. The judge at the Court of Appeal was justice Mwinde who declared the last judgment on 31st January 2019 during the morning hours. As per this judgment, Finsbury Investments is dominant part investor of Zambezi Portland Cement and holds 58 percent shares at the industrial facility. Ventriglias are just minority investors of the Zambezi Portland Cement with 42 percent shares at the industrial facility. With this shareholding design, it is unmistakably settled that Dr. Rajan Mahtani is legitimate proprietor of the industrial facility. 

Moreover, the judge from the Court of Appeal likewise said that the judge beneath him wasn't right in pronouncing Ventriglias as just investors with no confirmation or legitimate proof.

Legal Ownership Of Zambezi Portland Cement Given To Dr. Mahtani After Court Of Appeal Decision

After a wait of almost ten years, Dr. Rajan Mahtani finally received justice for his long wait, perseverance and patience. This case is about Zambezi Portland Cement, a noted cement manufacturing factory which was contested by two big business parties in Zambia. One of them is Dr. Rajan Lekhraj Mahtani, who despite sharing numerous evidences and testimonials, was not given justice at the Lusaka High Court where the case was initially approached. The judge at the Lusaka High Court was Justice Nkonde who said that the Ventriglias were only shareholders of the Zambezi Portland Cement. Notwithstanding this unfair judgment, Dr. Rajan Mahtani then took the right step and approached Court of Appeal.

The Court of Appeal announced its final judgment on 31^st January 2019, and the judgment was given by Justice Mwinde. According to this judgment, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the Zambezi Portland Cement factory. On the other hand, Ventriglias hold 42 percent shares and are only minority shareholders with no legal holdings over the factory. With this decision, the Portland Cement Zambia factory belongs with Dr. Rajan Mahtani. While giving this decision, the judge at the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders without having any proof or evidence. Furthermore, the decision from the Court of Appeal also aligned with the original shareholders agreement established in the year 2007.

As of now, the judge from the Court of Appeal has given a timeline of three months from the date of judgment during which the process of share regularization should be complete.

Finsbury Investments Is Majority Shareholder Of Zambezi Portland As Confirmed By Court Of Appeal

Court of Appeal, one of the most noteworthy courts of Zambia, as of late declared that Dr. Rajan Mahtani is the majority shareholder and proprietor of Zambezi Portland Cement. This choice went ahead 31st January 2019; around nine months after Lusaka High Court gave the ruling against Dr. Rajan Mahtani's cases. On May 2018, the Lusaka High Court judge declared that the Italian family Ventriglias were only shareholders of Zambezi Portland. Be that as it may, this choice was denounced by numerous and the judge from the Court of Appeal adequately switched this unscrupulous judgment by giving back responsibility for Portland to Dr. Rajan Mahtani possessed Finsbury Investments.

According to the new decision, Finsbury Investments hold 58 percent shares at the production line and is the dominant shareholder. Then again, the Ventriglias possess 48 percent shares and are the minority investors of the cement manufacturing plant. This choice is totally lined up with the first Shareholders Agreement set up in the year 2007. The judge from the Lusaka High Court disregarded this basic proof bringing about failure to understand the situation. Besides, the judge from the Court of Appeal has likewise disposed of all claims of imitation by expressing that the act of precisely putting marks for business exchanges is regular in Zambezi Portland and different organizations in Zambia and nobody ought to be charged for this.

The sum total of what parties have been solicited to regularize the deals from the shares according to the new Shareholders Agreement just as the choice from the Court of Appeal. Timetable given for this is three months from judgment date. Finsbury Investments has additionally asserted K1 billion against full instalment made in the year 2005 for picking up larger part share capital at the Zambezi Portland Cement and is probably going to win this settlement.

Supreme Court Justice Mumba Malila Testified In A Court, Provides Disturbing Evidences

The Supreme Court Zambia Judge Mumba Malila as of late gave a testimony under the watchful eye of the court. This testimony unmistakably shows that Zambia is in critical need of strategies and practices that would help in destroying defilement and unscrupulous practices that have injured the country like a torment. In his testimony, Justice Mumba Malila opened about an instance of Dr. Rajan Mahtani, a prominent businessperson in Zambia with over thirty years of business acumen. The case in the said testimony was in 2012 identified with Dr. Mahtani in which the last judgment was given against him. In any case, the testimony from the judge expresses that the judgment was torment by outside powers and the body of evidence was against the interests of people in general approaches. The judge who was the Attorney General amid that time alongside others attempted to present the defence 'invalid and void' because of its unessential nature, however the council did not change its choice and the last judgment was given against Dr. Rajan Mahtani, despite the fact that the confirmations and certainties displayed meant something else.

This isn't the first occasion when that Dr. Rajan Mahtani has been a casualty of poor leadership from courts which sidelined the confirmations and realities and gave judgment overwhelmed by degenerate outer powers. Justice Mumba Malila affirmed that the decision making was impacted by certain degenerate yet influential people including specialists and even government officials. Because of the degenerate practices of these influential people, straightforward and honest businessmen like Dr. Rajan Mahtani continue enduring.

Businessman Dr. Rajan Mahtani Ensures Success Of 2017 African Summit With Significant Financial Contribution

Being a developing nation, Zambia has seen numerous ups and downs. While the nation is trying to improve its economic and social status, there are unethical entities engaged in illegal acts as well as corrupt practices weighing the country down. At the same time, there are people and organisations which are trying to improve the nation in any way they can. The recently held African Summit is an example of organisations trying to improve the economic status of the nation. The Summit was one of the biggest economic events within the nation. The event saw participation from numerous specialists, organisations and corporate houses. Also, the event was attended by top businessmen from Zambia such as Dr. Rajan Lekhraj Mahtani.

After the successful completion of the event, the chief secretary of the event released a press release. In this press release he thanked the members of the event who were supportive and also those who contributed in the success of the event. Dr. Rajan Mahtani is among the top financial contributors for the event and he was praised for this contribution. The Chief Secretary also revealed that without this contribution of his, the success of the event was not possible. Also, Dr. Rajan Mahtani was extremely involved and also helped individuals and young businessmen by sharing his wisdom and business experience with them.

Dr. Rajan Mahtani has maintained an ethical, transparent and honest image in his three decades of business ventures in Zambia and continues to work for the betterment of Zambian people and the society.

Mumba Malila, Notable Judge From Supreme Court Zambia Gives Revealing Testimony

The most recent declaration from somebody sitting at the Supreme Court Zambia, one of the most noteworthy positions the country over, is a genuine case of how there is a critical requirement for controlling this consistently expanding corruption and dishonest practices the country over. Mumba Malila is a Judge at the Supreme Court Zambia. In as of late affirmed under the watchful eye of the judge, uncovering a portion of the appalling dishonest works on going ahead inside the Zambian country. In one of his testimony, he makes reference to an instance of 2012 relating to Dr. Rajan Mahtani, a remarkable businessperson from Zambia.

He is among a standout amongst the most persuasive businessperson in Zambia. Mumba Malila, who was the Attorney General amid that time, even asked for a 'nolle prosequi' which means to make the judgment invalid and void as it was against the interests of people in general strategies. The judgment was plainly misled and even after a few interests and declaration, no moves were made amid that that. This occurrence and the presentation from the testimony obviously demonstrate the dimension of degenerate which has infiltrated over a few divisions of the administration and political houses. In his testimony, the judge has featured that because of few degenerate yet influential people, guiltless and fair businessmen like Dr. Rajan Mahtani keep on misery. These degenerate people pay off government authorities and the dimension of pay off is gigantic, entering even into the most astounding places of the administration. In this way, the opportunity has already come and gone to change and bring a straightforward government inside the Zambian country.

Portland Cement Zambia’s Final Judgment By Lusaka High Court Ambiguous

A nation’s administration is a significant fundamental component, regardless of whether it is a private company, expansive endeavour or notwithstanding running a country. A decent pioneer is required to take the association towards development and advancement. Then again, negative or restricted authority can result in stagnation of authoritative efficiency and even the financial and social advancement of a country. On account of Portland Cement Zambia, absence of administration has diverted the manufacturing plant from a champ to a rapidly blurring production line.

Portland CementZambia is a cement producing production line in Zambia which has experienced various ups and down in its lifetime. The cement processing plant was set up by Dr. Rajan Lekhraj Mahtani, a prominent industrialist, business visionary and business. Amid the underlying days when Dr. Rajan Mahtani was dealing with the administration of the industrial facility, it prospered with surplus generation. Besides, the cement processing plant additionally ended up mainstream among representatives for its lucrative pay scale which was above industry normal. Notwithstanding, every one of these highlights of the industrial facility vanished after the case for its legitimate takeover began. Without the successful administration of Dr. Rajan Mahtani, the industrial facility generation is descending with diminished creation limit each passing day and no indication of development, advancement or recovery of the processing plant.

The last judgmenton this long-pending case on the manufacturing plant was given couple of weeks back. Be that as it may, the judgment itself was faulty as even with various confirmations, tributes and additionally authentic information obviously demonstrating the lawful and genuine responsibility for processing plant, the last decision was given against Dr. Mahtani's cases. Thus, Dr. Mahtani is left with no decision however to take activities against this judgment by speaking to the higher court of appeal.

Malicious, False, Libellous And Defamatory Articles Published About Dr. Rajan Mahtani

London, United Kingdom September 10, 2018

Dr. Rajan Lekhraj Mahtani (popularly known as Dr. Mahtani) is a Zambian businessman and philanthropist and Chairman of the Mahtani Group of Companies. He has business interests across Africa, Europe and Asia. The Mahtani group includes a large number of Companies and has been built into one of the largest conglomorate in Zambia, employing over 3500 personell and funding more than twenty development projects in Zambia, apart from countless charitable and philanthropic initiatives.

However, his success has naturally been accompanied by a vicious smear campaign, aimed at maligning Dr. Mahtani’s reputation, by vested interests in Zambia, and supported by persons in America and Europe. It is noteworthy, that Dr. Mahtani filed defamation cases in the State of Arizona and State of Minnesota, USA against such publishers of defamatory articles, including Zambiareports.com. The case was resolved between both parties and Zambiareports removed all such articles as they were malicious, defamatory, libellous, false and without any substance.

It has been brought to our notice that certain articles emanating from the removed Zambiareports articles have been copied, reproduced and/or published by various other websites, individuals and online publications.

At Dr. Mahtani’s behest, his attorneys have reached out to those whose contact information was publicly available, while several others which were posted anonymously, remain in the public domain. To those publishing and posting false allegations, which have been proved to be without substance and deliberately malicious in various Courts of Law in USA, UK, and Zambia, Dr. Mahtani’s USA attorneys Clare Locke LLP , and UK attorneys Gordon Dadds LLP officially advise through their respective letters (attached) Individuals and organization who may which to seek independent clarification may write to them directly. In the absence of which, those indulging in these activities are warned that they do so at their own risk and Dr. Mahtani reserves the right to take appropriate legal action against them.

Dr. Mahtani has worked relentlessly for the upliftment and development of Zambia as a businessman and a philanthropist and has earned an impeccable reputation. He has led numerous businesses in Zambia, Zimbabwe, Malawi, Sierra Leone, Europe and Asia with a primary focus on banking, insurance, property development, financial, manufacturing and investment sectors. His highly successful business and development projects have benefitted the respective Countrys’ economy and improved the standard of living in Zambia and other territories. He holds the importance of integrity, good governance, honesty and lawfulness very dear to him. He takes these false allegations as an attempt to defame and cause harm to not just his businesses, but him personally

Attachments:

1. Letter issued by USA attorneys Clare Locke LLP –

https://www.dropbox.com/s/tdz8hamgdva55on/ClareLocke.png?dl=0

2. UK attorneys Gordon Dadds LLP -

https://www.dropbox.com/s/sw91sr49tkmehee/Gordan%20Dadds.png?dl=0

ZR makes another attack on Former Chairman Finance Bank Zambia

The Former Chairman Finance Bank Zambia, Dr. Rajan Lekhraj Mahtani has at the end of the day been dragged into pointless discussion by Zambia Reports. This time around the episode has occurred quite recently before the New Year. In an article that seems to share the story of Portland Cement Zambia’s acheivement, we find that the schemers have deliberately put a larger part of dialog against Dr. Mahtani. The occurrence has obviously left many individuals in Zambia unamused, including Dr. Rajan Mahtani himself.

In spite of the fact that, Zambia Reports was silent in the previous couple of months, it has made incidental rebound with its scope of defamatory stories and kept on disturbing the prevailing peace in the nation. All that is known to them is the vow of acting for its lender. The Ventriglia family, minority partners of Portland Cement Zambia have been keeping up great relations with Zambia Reports administrator, Sakwiba Sikota and accordingly they are effortlessly ready to execute their slander battle every now and then.

Martin, an inhabitant of Ndola says, "Zambia Reports is not a news agency, it has turned into an advertisement agency where anybody can pay and highlight their story. In the event that you need to discuss yourself, pay to Zambia Reports. Likewise, on the off chance that you need to criticize somebody, converse with Zambia Reports. It is all similar to a buying a product in a store"

The words obviously demonstrate the level of disgust that the general population of Zambia have against Zambia Reports. In the past also, the infamous had made different ambiguous cases which incorporates blaming Dr. Rajan Mahtani of paying off the judge and charging Finsbury Investments' name in the Panama Papers. In any case, the schemers have dependably bombed in their target. The truth is, nobody in Zambia considers Zambia Reports important and it is simply because of their poor work ethics.

Dr. Mahtani and Finance Bank have suffered under poor journalism

Dr. Mahtani and Finance Bank have been suffering from the actions which Zambia Reports is taking against them. To bring focus to this matter, one can pick up the publications which have come from Zambia Reports over the past few days and give them a read. On reading, it will become clear that ZR is only bothered to harm the reputation of Dr.Mahtani and Finance Bank, because are being paid heavily for the same. In quest of making easy money, Zambia Reports have lost their morals and are now walking on the path of evil.

On one hand, a news claims that Dr. Mahtani is wrongfully showing himself as the owner of Finance Bank Zambia and on the other hand, another news from the same author states that Dr. Mahtani is still owning the Finance Bank and the transfer process is not yet complete. The bottom line is, how can a person have two different views to a story? Evans Mulenga, the author of both the articles has  tried to level best to assure the readers that Dr. Mahtani is a corrupt person and has made huge profits out of the activities permitted beyond the law. However, he has forgotten to incorporate two important things in his article- logic and facts. The assumption of ‘source’ is now outdated. People want to know about the claims in detail. If you do not have any concrete evidences to support the statement, then you are simply ventilating your viewpoints.

Journalism from Zambia Reports has degraded over the past few years and the key reason behind the same is the defamation campaign of Dr. Mahtani and Finance Bank. The authors have been forced to write stories and actual facts have been buried under the pile of money, which the conspirators have poured on the authors.