Dr. Rajan Mahtani & His Team Waiting For Final Judgment From Lusaka

It is a true fact that honest people are the major sufferers. They choose the path of honesty to shield themselves from future problems and gain respect from around but face various threats and roadblocks from those who are corrupt and engage in illegal activities. A similar fate has been holding Dr. Rajan Mahtani for a long time in the Zambian nation. Dr. Mahtani is a noted figure in Zambia. There is no doubt that he is one of the most successful yet grounded industrialists in Zambia, loved and admired by all. His companies have reached heights in terms of business achievement as well as a contribution towards the underprivileged sections of the society. Yet, he is constantly targeted by various groups and individuals and branded as the dishonest or shady businessman, without any proof or evidence. While these accusations and negative campaigns are short lives, they do create an atmosphere of negatively and suspicious. This has also resulted in the loss of businesses and future growth opportunities for many of Dr. Mahtani’s institutions. It is time to stop these completely now.

A deeper look at the Zambezi Portland Cement which is ongoing at the Lusaka High Court will clearly indicate the sorry state of the Zambian law and order. In spite of sharing all sorts of documents and evidence, the court has not been able to come up with a final judgment. In the meantime, the Zambezi Portland Cement, taken over by the Ventriglias, is turning into ruins. It is high time for the court to announce final judgment so that the factory can be revived under Dr. Mahtani and businesses can go as usual.

Money Laundering Scheme Busted In Zambia, Top Officials Involved

The Zambian nation went to a whole bewilderment when its national intelligence center, FIC (Financial Intelligence Center) revealed a mass money laundering bust. More unfortunate, the summary of individuals drew in with this illegal racket fuses the names of some top legal lawyers & counsels from Zambia. Moreover, it also contains the name of the official lawyer of the Ventriglias, Sakwiba Sikota.

While illegal activities and exercises are ordinary for this nation, the once-over reveals the level of criminal exercises by top specialists working in respected positions. These counselors are not only working in top government and private organization but are also associated with various top-ranking government officials and even some ministers. As per the list revealed by FIC, OMM Banda is at the top of people suspected of mass money laundering. He is a counselor working for the noted law firm Avik International. He has been rebuked for wasting money to Edgar Lungu, a renowned Zambian dictator. Meanwhile, Edgar has been ensuring himself by compelling that the trade out his record is for various government contracts. Since the trade included is out millions, the investigation has begun.

Apart from the above, the name of Sakwiba Sikota also popped out from the list. His company, Central Chambers, has been suspected of money laundering. Those who have worked closely for Dr. Mahtani are aware of Sikota’s unlawful involvement with the Ventriglias in establishing false cases against Dr. Mahtani. As such, his name in the list is not surprising. However, it is time for the Zambian Government to pull up its socks and start cleaning the nation of repeat criminals and offenders.  

New Update Received On Case Between The Ventriglias And Dr. Mahtani

As per the latest update on the case between Dr. Rajan Mahtani and the Ventriglias, the judge has announced that the case hearing is closed. This is hailed as a milestone for the case which has been pending for the past nine years. The case was registered by Dr. Mahtani after the Zambezi Portland Cement was forcefully taken over by the Ventriglias. Dr. Mahtani is the owner of the Mahtani Group of Industries and Finsbury Investments, the latter being registered in the case. He also owned the Zambezi Portland.

The Ventriglias have counterclaimed that the shares held by Dr. Mahtani are not paid for. At the same time, Finsbury Investments has claimed shareholding of 58 percent which has been further substantiated by various evidence such as signed shareholder agreement and financial exhibits. Furthermore, Finsbury Investment also claimed that the total capital shares for the factory were paid entirely by Finsbury and the Ventriglias did not invest an even single cent in the share capital. During his ownership at the factory, Dr. Rajan Mahtani conducted audits by independent auditors. As per this independent report, Zambezi Portland Cement was established under joint venture partnership and Dr. Mahtani is registered as the sole joint venture partner. All these facts clearly indicate that with majority shares and joint venture partnership, Dr. Rajan Mahtani is the actual owner of the Zambezi Portland.

As per the judge handling this case, the final judgment will be announced post evaluation of the written and oral submissions. Both parties have been given time till December 2017 to share their submissions.  

Lusaka High Court Judge Made New Announcement, Considers Milestone

The long-pending case between Dr. Rajan Mahtani owned Finsbury Investments and Ventriglias owned Ital Terrazzo Limited is nearing an end. The case has been going on for the past 9 years and the judge handling this case at present has hailed the proceedings as a milestone. The judge concluded the case. However, final judgment date is still pending and there are few processes left.

The case is for shareholding dispute and ownership of Zambezi Portland Cement for which both parties have claimed ownership. The cement factory was under the ownership of Dr. Rajan Mahtani. However, it was illegally and forcefully taken over by the Ventriglias. Since then, Dr. Mahtani has been fighting the case. The Ventriglias then launched a counterclaim in which they have contended that the shares of Dr. Mahtani are not paid for. However, the legal statements and shareholder agreements have been proved otherwise.

Over the course of the case proceedings, various exhibits and shareholder agreements have been submitted by Finsbury Investments proving his claim over the factory. For instance, the official signed shareholder agreement for the ZPC clearly indicates that Finsbury Investments hold 58 percent shares and the Ventriglias family owned Ital Terrazzo holds only 42 percent. Furthermore, an independent audit report clearly proves that Zambezi Portland was run as a joint venture wherein Dr. Mahtani was a joint venture partner with majority shares. Rest of the shares were distributed among the Ventriglias family members and other shareholders. Statements and exhibits were submitted by Finsbury Investments proving their investments in share capital as well as in the factory, which is more than USD 8 million.

All of the above evidences clearly indicate that Dr. Rajan Mahtani is the legal owner of the factory. The rest is in the hands of the judge and the court.  

Simaata’s Failed Attempt Against Finance Bank Is A Warning For Conspirators

If one gives a deeper view to the activities of the conspirators in the past years, a pattern seems to emerge. Previously, majority of these conspirators worked by themselves at regular intervals to defame their targets. However, recent activities confirm that these conspirators have joined hands with each other and now trying to establish coordinated attacks. Dr. Mahtani has been a major victim of these conspiracies over the years. He is a noted individual and popular businessman in Zambia and is responsible for various successful businesses. The common people are the major benefits of Dr. Mahtani’s establishments, adding to its popularity every day. This has obviously made the conspirators jealous and full of hate.

The recent incident between Finance Bank Zambia and Simaata is an example showing the level of conspiracy some people can undertake to fulfill their hatred or jealousy. Simaata recently accused Finance Bank of fraud and malpractice. These accusations were given as testimonials at several courts, which amplified the value of his fake rumors and started a negative campaign against the bank. Even after Finance Bank claimed that Simaata was breaching the contract he signed with the bank, the spotlight was majorly on the bank which was increasingly losing its customers and clientele. Finance Bank’s only viable option left was to take this matter to legal space and a case was launched at the Supreme Court of Zambia, with Dr. Mahtani’s help.

The case went on for months and was ultimately won by Finance Bank. With this win, the conspirators of the bank are also becoming more cautious with their fake news campaigns and have reduced spreading the ridiculous news.  

Zambia Reports stunned Dr. Mahtani & Zambia

Dr. Mahtani & Zambia have been continually seeing the horrific reporting that Zambia Reports is bringing about. The Ventriglia family have of a perfect resource with themselves who might go to any degree in contributing towards the maligning effort in return for good money. In the recent years, every single time ZR has commented about Dr. Mahtani, it has always been negative.

Only at some point back ZR guaranteed that Dr. Rajan Mahtani’s name was mentioned in Panama Papers. Later on, it was found that there was some other organization having a similar name whose name was said to be in the Panama Papers. With regards to Dr. Mahtani & Zambia, ZR can't abandon criticizing them. At the point when the most recent article surfaced, the feature read that Portland Cement Zambia was chosen as the best Employer in Zambia. Sadly, within that story a hidden defamatory article was published. The target being Dr. Mahtani & Zambia.

A resident of Ndola remarks, "Zambia Reports believes in making money by selling its vacant spaces to people who are ready to pay them. The owners of Ital Terrazzo Limited have been using Zambia Reports for a long time now. Every time they wish to make an impact, they approach Saki and pay him to get their work done."

The opinion makes it apparent that Zambians are well aware of the situation in Zambia. They are very much aware of what is happening in the country and who the game players are. The only reason that they have been silent all this time is because they consider this as the duty of the Government to intervene and protect the right of its citizen. It has been as of late learnt that the Ventriglia family are staying away from court appearances as they are easily able to create an impact with the aid of Zambia Reports.

PCZ’s downfall connected with Dr. Mahtani & Zambia claims ZR

In an article, which was discharged by Zambia Reports in December 2016, the writer is by all accounts sure of the way that Dr. Mahtani & Zambia were to blame for Portland Cement Zambia's poor performance. According to the writer, the Ndola-based cement production plant had experienced a marvellous development in the previous one and half years under Ital Terrazzo Limited which permitted it to win the position of the Best Employer. Preceding that period, the industrial facility was said to be in a hopeless condition.

For individuals who are aware of the notoriety of Zambia Reports, they would have quickly related this article to another paid media activity by the Ventrilgia family. The occurrence has permitted the villains to move the focus from themselves to Dr. Rajan Mahtani. In the interim, it has been learnt that the schemers have been always attempting to avoid dates on which Court calls hearing. This is for the most part, since they will be required to prove their claim. Given the way that they had wrongly pointed the finger at Dr. Mahtani for taking 58% stake of Portland Cement Zambia; they will in the long run lose the case. Along these lines, the only alternative that is left in their grasp is to evade the lawful course and keep on implementing their mafias strategies.

Throughout the years, Zambia Reports has been conferred towards slandering Dr. Mahtani & Zambia. They have utilized claims, stories and malevolent article to keep their lords on top of the game, yet they have achieved nothing. The majority of the general population in Zambia are very much aware of the true nature of the plotters. They have been quietly plundering the benefits of the processing plant and attempting to keep up a refined profile before the country. This defamation campaign won't trouble Dr. Mahtani & Zambia in any capacity as the truth is known to all.

Zambia Reports makes another blunder- Zambia witnesses

Zambia and Dr. Mahtani have been watching a row of defamatory reports from few new channels. Certainly, these news channels have been well paid by conspirators for executing this defamatory news. It is well known that the infamous Zambia Reports is among the key players in this ongoing Defamatory Campaign. It is safe to say that Zambia Reports have fully supported the conspirators of Dr. Rajan Mahtani has most of the defamatory articles and publications related to Dr. Mahtani and Zambia comes from Zambia Reports. Having faced backlash from people of Zambia for their direct attacks on Dr. Mahtani, they have now resorted to indirect attacks.

In an article released during December 2016, they claimed that under the fine management of ITL (Ital Terrazo Limited), PCZ (Portland Cement Zambia) received the ‘Best Employer Awards’. However, beneath this headline, what the conspirators actually did was blame Dr. Mahtani. They went on to claim that the factory was in bad condition under Finsbury Investment and assets were in bad shape.

While the reality is that under the 1.5 years in which Finsbury Investment acted as management partner of the Zambezi Portland Cement, it flourished and grew. In fact, it was Dr. Mahtani and his management that helped in reviving the factory and transform it into a profitable factory.