Category Archives: Chairman Finance Bank Zambia

Portland Cement Factory Ownership Is Now Stable, Supreme Court Confirms It Its Statement

Dr. Rajan Lekhraj Mahtani is a noted businessman in Zambia. His successes expand to several companies and businesses including Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is also known for his philanthropic and charitable activities, which often go unnoticed as Dr. Mahtani refrains from promoting or publishing his philanthropic acts. Despite this, Dr. Rajan Mahtani has faced several challenges in conducting his businesses. One of the biggest challenge till date has been associated with Portland Cement Zambia, a cement-manufacturing factory under dispute for more than a decade over its legal ownership.

Despite an official takeover by Finsbury Investments, the cement-manufacturing was unethically taken over by the Ventriglia family, prompting an appeal at the Lusaka High Court. However, the Lusaka High Court failed to provide transparent decision and announced Ventriglias as only shareholders after more than a decade of case proceedings.

Dr. Rajan Lekhraj Mahtani then decided to approach the higher Court of Appeal where justice Mwinde took over the case. The case proceedings went for around nine months and final verdict came on 31st January 2019. In this verdict, the decision from the Lusaka High Court was reversed and Dr. Rajan Mahtani was announced as the majority shareholder and legal owner of the factory.

The Ventriglia family, unhappy with this decision, launched another appeal at the Supreme Court Zambia. In their appeal they challenged the decision of the higher Court of Appeal. The Supreme Court then established a bench of three SC judges for evaluating the case. During evaluation, it was found that the Ventriglia family failed to comply with a critical legal requirement under which all claims against previous court decision must be made within 14 days of the case verdict. In this case, the claim by the Ventriglia family was made only after 1.5 years, making the claim invalid. Along with several other evaluations, the Supreme Court bench finally decided to reject the appeal by the Ventriglia family.

Final Verdict Of Supreme Court Zambia On The Claim By The Ventriglia Family Out

Finsbury Investments is one of the top investment firms in Zambia, and the company is under the leadership of Dr. Rajan Lekhraj Mahtani. For major part of its lifecycle, Finsbury Investment has been fairly successful in its deals and ventures. However, one of the most challenging ventures of Finsbury Investments as well as of Dr. Rajan Lekhraj Mahtani has been the Zambezi Portland Cement case. The Zambezi Portland Cement is a factory whose majority shareholding was handed over to Dr. Rajan Mahtani owned Finsbury Investments after signing of the original shareholders’ agreement. Despite this official transfer, the Ventriglia family kept disrupting the operations of the Portland Cement by challenging legality of the Instrument. The Ventriglia family even crossed the line when they took over the physical factory with the help of goons.

Dr. Rajan Mahtani fought a long and tenacious case at the Lusaka High Court which lasted for more than a decade. However, he was defeated by the unethical decision from the Lusaka High Court judge which was obviously tainted and misdirected. However, Dr. Rajan Mahtani was able to successfully challenge this misdirected judgement at the higher Court of Appeal. On 31st January 2019, justice Mwinde announced that Dr. Rajan Mahtani is indeed the majority shareholder and legal owner of the Portland Cement Zambia factory and as such, the ownership was given back to him.

After more than 1.5 years of this decision, the Ventriglia family once again decided to disrupt the business operations of Portland Cement by challenging the verdict of Court of Appeal at the Supreme Court. A bench of three Supreme Court judges was established at the Supreme Court to evaluate this appeal. After evaluation, the Supreme Court bench found that they have no legal jurisdiction to accept this appeal from the Ventriglia family. They also revealed that this claim by the Ventriglia was questionable and did not fulfil the legal requirements to be accepted as a case. As a result, this appeal by the Ventriglia family was effectively rejected.

Former Chairman of FBZ (Finance Bank Zambia) attacked by ZR

Over the past few years, Zambia Reports have come into limelight for only one thing, execution of defamation campaigns. It is no secret that Dr. Rajan Mahtani, Former Chairman of the Finance Bank of Zambia has been constantly a major target of the Zambia Reports. This carnage is being plotted by the news media Zambia Reports for more than 10 years now. However, very few people are aware of the fact that Zambia Reports’ operator Sakwiba Sikota and Ventriglia Family (Owner of the Ital Terazzo Limited) are in very good relations. Their relationship can be explained from the fact that Sikota received free cement offer from the Ventriglia family for when the former wanted to build a mansion for his family.

Continue reading Former Chairman of FBZ (Finance Bank Zambia) attacked by ZR

Defamation campaign for Dr. Rajan Mahtani has a new member

The defamation campaign against Dr. Rajan Mahtani has been going on flawlessly. Not a single government official has managed to notice this and neither are they bothered to intervene the malign effort of Zambia Reports. At the moment it appears that the conspirators have found a perfect channel to have their objective fulfilled in Zambia. The latest member in this campaign is Simataa, a former employee of Finance Bank Zambia and ZR is overwhelmed with his win at the Lusaka High Court.

Dr. Mahtani

Simataa was employed by Finance Bank of Zambia in the past decade and the person was always in the news for the wrong reasons. People who have worked him at professional level often complaint about his poor work ethics. His actions resulted into his termination from the bank almost a decade back and since then there hasn’t been any news of his new job. Clearly indicating the fact that he has been jobless ever since. But shockingly, Zambia Reports calls this very person as an ‘expert banker’ just because he claims himself to be one. When it comes to stating facts, this was the same person who had previously failed to prove that he has passed Grade 12 in an interview.

From the recent events in Zambia, it has become clear that people are being forced to believe nuisance that is being published by Zambia Reports. Their primary targets are Dr. Rajan Mahtani and Finance Bank of Zambia. No matter what the circumstance be, they are always ready to write an imaginative story with Dr. Mahtani as the subject. However, there is only one thing that has kept the hope of Zambia alive – support of the locals. Now a day, whenever a malign article is published the locals are quick to realize it and the comments make it evident that they are no longer going to be fooled.

Dr. Rajan Mahtani is no longer Chairman Finance Bank Zambia

With time certain things never change. In the present case, the attitude of the conspirators is an exclusive example. Newspapers, news channels, Press Releases and other media channels are flooded with the coverage of Finance Bank Zambia and BancABC’s merger, but the conspirators are still living in the era of 2014 when Dr. Rajan Mahtani was Chairman Finance Bank Zambia. It is totally strange to see that they still believe that there is some connection between Dr. Rajan Mahtani and Finance Bank Zambia. However, the presence of Finance Bank of Zambia in the present world is as real as the authors of Zambia Reports!

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Yes, Dr. Rajan Mahtani was the Chairman Finance Bank Zambia in 2014, but he vacated his seat when the defamation campaign in his name started to affect the bank’s image. This is why he stepped down from the position of the Chairman in June 2015 and decided to focus on other areas. But today, it has got nothing to do with the claims that are being made by Zambia Reports. Simataa, a former employee of Finance Bank considers himself as a victim and uses cheap media tactics to draw public attention.

Zambia Reports has been bragging about the win that Simataa had at the Lusaka High Court, but never mentioned the fact that he is the same person whose inability to show his Grade 12 results became a concern for people watching his interview. How can a person who claims himself to be an expert in banking fail such a task? The bottom line is, Zambia was and is being ruled by people who have a hunger for money. They work with a view to earn money for themselves and let other suffer. People like former Chairman Finance Bank Zambia, Dr. Rajan Mahtani are suffering because they had the courage to stand up and raise their voice against this nuisance.

Simataa’s episode becomes the new storyline against Dr. Rajan Mahtani

By now everyone must have become aware of the fact that Zambia Reports is nothing more than a leech that believes in hanging around and attaching itself to anyone who will serve its purpose. The latest from its side reveals that Simataa is a hero for them and has rightfully won a case in the Lusaka High Court. According to them, he has been previously fighting against the former Chairman of Finance Bank Zambia, Dr. Rajan Mahtani.

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However, when it comes to focusing on the truth the notorious news portal has always skipped the scene. This is because they have got nothing to do with such things. All that matters for them is writing up imaginative stories and then publishing them with a view to spread chaos. In the event of Simataa’s win, they have managed to find a perfect scope for their story as the losing party is Dr. Mahtani and Finance bank. This is why they have instantly focused on this news. More than the facts and figures, the article published by ZR tries to mock Dr. Mahtani as if it has given them bliss.

In the past few years, the whole of Zambia has witnessed similar cheap tactics implemented by Zambia Reports. No matter what the concern is, they will quickly grab the news if it related to Dr. Rajan Mahtani. Recently, they also tried to extent this defamation campaign by including Finsbury Investment.

Neither Dr. Rajan Mahtani nor any of his associates have a problem with the news published by Zambia Reports, provided the author of the article has the courage of coming out in the open and claiming the same. Sadly, all the writers operated under pseudo names and try to influence the opinion of masses in Zambia. This is how low the level of journalism has reached for Zambia Reports.

Dr. Mahtani and Finance Bank are being tortured by Zambia Reports

As time goes by, the people of Zambia are getting sick and tired of what Zambia Reports is doing. Day after day and months after months they have constantly been working on making story lines to defame the former Finance Bank Chairman, Dr. Rajan Mahtani. The latest from them claims that it is a habit of Dr. Rajan Mahtani to trap people in legal consequences and then he extracts money from them.

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To aid one loser, another loser by the name of Simataa Simataa enters the scene as he recently wins in the Lusaka High Court. The victory is being celebrated by the conspirators as Dr. Mahtani was on the other side. This scenario simply implies a situation where even the slightest of downfall for Dr. Rajan Mahtani offer the conspirators bliss. They actually enjoy mocking Dr. Mahtani because they were the same people who had lost of him in the past and have been desperate to seek any form of revenge.

The group of conspirators have only manged to seek help from Zambia Reports. What happens in the present circumstance is that the Ventriglia family, Henry Banda and others form an alliance to launch an attack on Dr. Rajan Mahtani on a monthly basis. Sakwiba Sikota, the operator of Zambia Reports is more than happy to help them as he gets good money along with free supply of cement. So, this is basically a setup of losers where they have come together as unit to help themselves and gain short term public attention. Today, all of Zambia knows about the truth of the conspirators and they too oppose this nuisance that has been going on for so long. So, what should be the next step? Should we all continue to witness this rubbish game or shall protest against such hideous act?

And the conspirators now target Dr. Mahtani and Finance Bank

Even though the Finance Bank of Zambia is no longer associated with Dr. Rajan Mahtani, the conspirators have constantly tried to defame both at the same time. The recent news from Zambia Reports highlights that Dr. Rajan Mahtani lost at the Lusaka High Court with respect to his claim against Simataa Simataa. The incident was enough for the notorious news portal to begin a series of attack on the former Finance Bank Chairman.

Dr. Mahtani

The publication from ZR shows an exclusive example of how things can be taken for granted in Zambia. They have not only managed to brag about an unfortunate event, but have also expressed their hatred for Dr. Rajan Mahtani. They are of the opinion that it is a habit of Dr. Mahtani to get people in legal trouble and later on sue for damages. The opinion clearly indicates their sympathy towards the Italian Mafias.

When it comes to defining the personality of Simataa, there opinion does not differ by much. The only exception is the coverage of Zambia Reports who considers him to be a respected banker. It has been a decade since Simataa was removed from Finance Bank Zambia and since then the person has failed to secure employment elsewhere. Is it that the ‘expert banker’ didn’t find any good opportunity or others took a lesson from the incident in FBZ and preferred to maintain distance with this person. The person who is unable to furnish his Grade XII report card has interestingly claimed himself to be an expert banker. After all, this is Zambia! Some powerful people work things in their own way whereas the locals are constantly fooled. And whenever, there are some rebel from people like Dr. Rajan Mahtani, the charge is taken on them and a series of rubbish stories are started to roll out.

Dr. Mahtani and Finance Bank part ways, Finsbury Investments targeted

Dr. Mahtani and Finance Bank may have parted ways, but the conspirators have continued to show their impact as their new target is now Finsbury Investments. As per Zambia Reports, Panama Papers include the name of Finsbury Investment and has been convicted of the tax evasion in the past years. The name of Dr. Rajan Mahtani has also been included in the article as their prime objective is to defame the former Finance Bank Chairman.

Dr. Mahtani

The impact of this campaign is that the locals of Zambia have been misled. However, the defamed party was quick to react on this matter and was able to distinguish itself from the alleged concern. As per the recent development, it has been found that Finsbury Investment of Zambia is not involved in any allegation, rather it is an entity by the same name that has been convicted of tax evasion.

To know more about this matter, click here: http://goo.gl/5m53UQ

Former Finance Bank Zambia Chairman wrongfully defamed, again

The Former Finance Bank Zambia Chairman was wrongfully defamed again by a dishonourable conspirator’s group, again. This conspirator’s group comprises of minority stakeholders of the cement factory, the Ventriglia Family along with contributions from Henry Banda and Sakwiba Sikota. These stakeholders pulled a new story with the objective of highlighting the name of Finsbury Investment in the Panama Papers. On top of that, a photograph of Dr. Mahtani was wrongfully used claiming that he visited his legal consultant in this regard.

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This news came just after Finsbury Investment’s name was hosted in the Panama Papers. It should be noted here that the name of the investment firm has not been patented by Finance Bank’s former Chairperson, Dr. Rajan Mahtani. Thus, it was available for other bodies/entities as well. However, these conspirators took this incident as their opportunity to defame Mahtani Group of Chairman for evading tax.

It is a quite known fact that Ital Terrazzo Limited in the PCZ has started oppression and contested against Finsbury Investment. This ITL is owned by none other than Finsbury Investment. Thus, it makes it obvious that they plan to dethrone the Finsbury Investment so that they can claim this million-dollar plant themselves. There have been numerous incidents in the past wherein these conspirators tried hard to defame Finance Bank Zambia’s former Chairman. All these defamation cases were related to the FBZ. After the takeover, the very same conspirators are now targeting the Finsbury Investment. Needless to state that these defamation campaigns have been running unsuccessfully for the past five years and nothing is being done by the Government other than silently witnessing the entire chaos. Even after workers were illegally terminated from the factory by the Ventriglia Family, nothing was done by the Government Officials. This is a clear indication that there is not guaranteed safety for Zambia’s common man unless they become part of the illegal conspiracies.