The Zambezi Portland Cement is a known cement factory in Zambia. The factory was started and run under the leadership of Dr. Rajan Mahtani, a noted businessman in the country. He is also known for his philanthropic activities and charitable contributions across the nation. His companies, Finsbury Investments and Mahtani Group of Industries have touched great heights in terms of success and growth. However, Dr. Mahtani has always been a ground person and when the Ventriglias took control of the Zambezi Portland illegally, Dr. Mahtani took the long but right path of approaching the court to fight for his ownership over the factory. However, the system failed him once again and it has been almost 10 years now without any conclusion or decision by the court.
In a yet another deferment, the Lusaka High Court has announced that the case of Zambezi Portland Cement will be announced later. While one positive point is that the case hearing is closed, experts are still sceptical regarding the time period that the court might take to provide final decision. This is due to the fact that the case has been pending in the court for more than nine years now. The case was launched by Finsbury Investments which is owned by Dr. Rajan Mahtani. It was launched after the Zambezi Portland Cement, which was then under Dr. Mahtani’s leadership, was illegally captured by the Ventriglias. Since then, various claims and counter-claims have been established by both parties without any final decision.
The Zambezi Portland Cement has been awaiting judgment from the Lusaka High Court for a long time now. The case was registered in the court almost nine years back and since then, it has been going on without any significant results. The case is between Dr. Rajan Mahtani, who owns the Finsbury Investments limited and the Ventriglias, who are the sole beneficiaries of Ital Terrazzo Limited. Both parties are claiming their ownership over the cement factory and both have submitted various evidences and statements to support their claim. However, the quality of evidence differs significantly among both parties.
Dr. Rajan Mahtani is among the most respected and trusted businessman of Zambia. He has established premier corporations such as Mahtani Group of Companies and Finsbury Investments. His business operations have reached foreign lands such as the United Kingdom. Currently, he is fighting for the rightful ownership of Zambezi Portland Cement which has been illegally captured by the Ventriglias.
The judge handling the case between Dr. Mahtani and the Ventriglias made new announcement. The case hearing has been concluded as of now but the final date for announcing judgment is still not finalized. This new announcement is a big milestone for the case which has been going on for the past nine years. The case was started when Dr. Mahtani, owner of the Finsbury Investment Limited registered a case at the Lusaka High Court against the Ventriglias. The case was for ownership of Zambezi Portland Cement, which was taken over by the Ventriglias. The cement factory is still under the control of Ital Terrazzo Limited, owned by the Ventriglias.
The latest turn of events in the dispute between Dr. Rajan Mahtani and the Ventriglias has revealed various facts associated with the case. The case was launched at the Lusaka High Court almost 9 years back. Since then, claims and counterclaims as been made dragging the case over the years.
Finance Bank Zambia suffered reputation damage and negative publicity for a long time. The bank, which was established by Dr. Rajan Mahtani, was in the midst of conspiracy and false rumors which ultimately resulted in loss of clients, customers and businesses. The conspiracy was started by Simaata Simaata, who used to work with the bank. Simaata was fired from the bank for engaging in unethical practices. The bank has maintained a clean and honest image since its inception and has won many awards for his various achievements over the years. The bank is notable for helping the unprivileged strata of the Zambian society by providing them with opportunities in form of easy loans and finances.
The past events that occurred across the nation of Zambia have raised many questions, both good and bad. At one hand, people are Zambia is rejoicing the recent win by Dr. Rajan Mahtani and Finance Bank Zambia over its biggest conspirator yet, Simaata Simaata. At the same time, businessmen are worried about the prospects and future of their businesses looking at how easily it was to create a defamation campaign against a celebrated bank. Most of the businesses across Zambia have now started requesting the government to look into the manner more thoroughly and take action against those who create such campaigns and defamation programs.
After months of speculations and rumors, the Supreme Court Zambia finally announced the verdict of the ongoing case between Finance Bank Zambia and Simaata Simaata. Finance Bank is one of the top known banks in Zambia, established by Dr. Rajan Mahtani. The businessman is known for his honest and ethical trade and a true believer in the nation. Both Dr. Mahtani and Finance Bank have received many awards for their achievements over the past few decades. Simaata, on the other hand, is a known critic of Dr. Rajan Mahtani and his companies. He has been known to collaborate with other major conspirators and create fake campaigns against the businessman.
The past few months have been extremely difficult for Finance Bank Zambia, one of the notable and popular banks across the nation. The bank had suffered various financial and image loss due to the constant negative publicity generated as a result of the allegations against him. Now that it has been announced that Finance Bank is not guilty, the bank has started its recovery processes and activities towards building back its reputation and recovering loss clients and businesses. However, it is not an easy process and it will take a long time before Finance Bank gains its original reputation back.
