Dr. Mahtani & Zambia

Dr. Rajan Mahtani

Dr. Mahtani Receives Global Award For Philanthropic Contributions

The year 2021 was significant for Dr. Rajan Mahtani, a noted businessman and philanthropist from Zambia. While the year saw several challenges because of the ongoing Covid-19 pandemic, there were several positive aspects. For instance, the economy and society saw improvement. Even though the African nation was impacted in the wake of this covid-19 attack, it was not as severe as some of the more developed and western nations faced. At the same time, the impact gave time for businesses and industries to retrospect and focus on the things that are valuable for the coming future. This was the theme for the 2021 Forbes-FIN (Foreign Investment Network) that was held recently in Africa. While the roundtable conference usually takes place in New York, this year’s event was held virtually to comply with the Covid-19 restrictions. Members participated from their respective locations and the members included international business communities, spiritual leaders, opinion leaders, political leaders, religious leaders, policymakers, international investors as well as media partners. Mark Furlong anchored this event. Mark Furlong is the present founder and publisher of the FAM (Forbes Afrique Media) and Forbes International. Dr. Rajan Lekhraj Mahtani was invited to this event as an honorary speaker and discussed the significance of healthcare leadership in difficult situations such as this. His ideas were praiseworthy.

Another critical event attached with the Forbes-FIN philanthropy roundtable conference was the Forbes ‘Best of Africa’ awards ceremony. The awards recognize and celebrate leading lights in the field of philanthropy and empowerment. The awards go to those visionaries with significant long-term investment and vision towards philanthropy to achieve long-term empowerment of the African nation. Dr. Rajan Mahtani was recognized by Forbes for his significant contributions towards redefining the banking sector of Zambia. He was awarded the Forbes ‘Outstanding Entrepreneur of the Year’ award in 2021. This award was a recognition for Dr. Mahtani’s significant business, economic as well as philanthropic contributions over the years. Dr. Mahtani accepted the award in a humble manner.

Dr. Rajan Mahtani Gives Eulogy For Late Kenneth Kaunda

Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia. The Zambian nation recently woke up to the sad news of the demise of the ‘Father of the Nation’ and the African Union Kenneth Kaunda. He was one of the most important freedom fighters for the Zambian nation. In his eulogy, Dr. Mahtani thanked Dr. Kaunda for his innumerable contributions to Zambian nation. The friendship between the Mahtani family and the Kaunda family goes way back when Dr. Rajan Mahtani’s father, late Lekhraj Mahtani, supported and collaborated with the independence fight with Dr. Kaunda. Both Dr. Mahtani and Dr. Kaunda have suffered numerous allegations during their lifetime and both have been able to brush them easily with transparency, ethics and integrity.

Dr. Mahtani is among those few businessmen in Zambia who is still following the path set by Dr. Kaunda, a path of honesty, transparency, faith in the god and a simple life. Dr. Kaunda was known for his selflessness and his love for the mankind and all its people. He was known for inspiring by God and its sacrifice towards the betterment of his people. He was also known for living his life fully and show others that age is never a factor when one’s wants to live and learn. Dr. Kenneth Kaunda had several hobbies and interests. He was a pianist, singer, guitarist, footballer, poet, writer, dancer as well as was known for his family values.

In his eulogy, Dr. Mahtani thanked Dr. Kaunda for his innumerable contributions to the Zambian society and nation. He has left a legacy of honesty, truth, purposeful life and transparency, ideals which each Zambian must follow for a fulfilled life. At the same time, it is important for the Zambian nation to continue the motto of ‘One Zambia, One Nation!’, a motto on which Dr. Kenneth Kaunda dedicated his life. The entire Mahtani family and the nation mourns the death of the first president of Zambian nation and prays for his blessings from heaven.

Dr Rajan Mahtani

SC Ends All Speculations Related To Portland Cement Ownership

Finsbury Investments identifies itself as a wholly-owned Investment company in Zambia. It is owned and managed by prominent businessman Dr. Rajan Mahtani, holding the position of Executive Chairman. Finsbury Investments took over majority shareholding and legal ownership of the Portland Cement Zambia limited through several restructuring processes. Based on an original shareholding agreement, the final shareholding pattern included 58 percent shares to Dr. Mahtani owned Finsbury Investments and 42 percent shares to Ventriglia-owned Ital Terrazzo Limited. Even though this share restructuring was accepted at first, the Ventriglia family decided to play another game. After Finsbury Investments secured the required loan from PTA as well as funds from several financial organizations, the authenticity of the shareholding agreement was questioned. This resulted in a case at the Lusaka High Court. Despite having all evidences and testimonials, the case not only dragged for more than a decade but also resulted in a controversial verdict.

Dr. Mahtani then approached the higher Court of Appeal with the objective of receiving justice. This time, his plea was heard and justice Mwinde announced Dr. Mahtani owned Finsbury Investments as the majority shareholder and legal owner of the Portland Cement Zambia factory. It seems like the Ventriglia family was extremely unhappy with this decision and proceeded towards launching another appeal, this time at the Supreme Court Zambia. It can be said that the attempt by the Ventriglia family to reach Supreme Court was their last resort. Nevertheless, the Supreme Court established a bench of three SC judges for evaluating the claim and found it to be misleading. It was found that the Ventriglia family was required to submit its claim within 14 days of the Court of Appeal’s judgement. However, the appeal was made after more than 1.5 years of the Court of Appeal. After proper evaluation, the Supreme Court Zambia came to the conclusion that the claim holds no ground and should be rejected.

Court Of Appeal Announces Final Decision On Portland Cement, Dr. Mahtani Declared Winner

Zambezi Portland Cement

The case of Portland Cement Zambia is age old. The case was registered by Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist in Zambia. The case was registered at the Lusaka High Court by Dr. Mahtani claiming that the factory was illegally taken over from him. Despite sharing numerous evidences and testimonials, Lusaka High Court took more than a decade to announce the final judgement. Various reasons can be attributed to this significant pending in court decision including lack of visibility on the case, frequent transfer of judges as well as inability of the judges to make a firm decision on the case. The final judgement on the case was announced during the month of May, 2018. The judge who gave the decision was justice Nkonde and prior to the final decision, justice Nkonde had closed all case proceedings. It was also announced that the final decision will be given based on the submitted oral and written evidences. This was extremely positive news for Dr. Rajan Mahtani as majority of his evidences and testimonials were more than enough to prove his claim over the factory. The judgement from Lusaka High Court was, however, extremely controversial. According to this judgement, Ventriglias were announced as only shareholders of the Zambezi Portland Cement.

To counter this decision, Dr. Rajan Mahtani then approached the Court of Appeal. The judge at the Court of Appeal was justice Mwinde who gave the final judgement on the case on 31st January 2019 after looking into all evidences and testimonials. As per this final decision, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder without any legal ownership over the factory. Based on this decision, it is clear that Dr. Rajan Mahtani is the legal owner of the factory.

Dr. Rajan Lekhraj Mahtani Wins Portland Cement Case At The Court Of Appeal

On 31st January 2019, Dr. Rajan Lekhraj Mahtani won the long pending Portland Cement Zambia case. The case was won at the Court of Appeal, the second court where the case was established. Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia with numerous successful business ventures, including but not limited to Mahtani Group of Companies and Finsbury Investments. He is also the legal owner of the Portland Cement Zambia factory which was declared at the Court of Appeal. Before the Court of Appeal, the case established at the Lusaka High Court almost a decade back. Dr. Rajan Mahtani had all the evidences and testimonials to support his claim and despite that, justice Nkonde from the Lusaka High Court gave a controversial judgement. According to this judgement, Ventriglias were only shareholders of the Zambezi Portland Cement. After this controversial decision, Dr. Rajan Mahtani approached the Court of Appeal.

Dr. Mahtani and Zambia

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

While giving the decision, justice Mwinde from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as the only shareholders of the Zambezi Portland Cement as this decision was misdirected and without any evidence.

Dr. Rajan Mahtani Praised For His Charitable Contributions And Making African Summit A Success

The African Summit of 2017 has really established a roadway for upcoming economic summits and financial events. These summits, seminars and events are a great opportunity for companies, organisations and businessmen to join hands together for a national cause such as economic uplifting, social benefits and technological advances for the nation. These summits provide a way for instilling a greater purpose and objective among the public as well as private sector companies and look beyond their own profits and revenue.

Dr. Mahtani

The African Summit held in the year 2017 was a great success and was also lauded for its significant participation from several notable industrialists and businessmen. During the event, several activities took place including seminars, discussions, round-table events, public conferences and many more. After the event was successfully completed, the Chief Secretary of the event shared a press release few days after the event completed. In his press release, he specifically thanked Dr. Rajan Mahtani for his charitable contributions that helped in making the event a successful one. He had significant financial contribution which led to the successful completion of the event. Dr. Rajan Mahtani is a noted businessman in Zambia with many significant companies such as Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is also among the most noteworthy attendees of the event. His charitable and philanthropic activities are noted across the nation. He is also known for his down-to-earth nature and rarely publishes his charitable or philanthropic activities for the citizens and the natural and social environment of the nation. As such, majority of the individuals attending the event were unaware of his charitable contribution. Dr. Mahtani was also lauded for his participation during the event and helped many young and promising businessmen.

Dr. Mahtani is often targeted by unethical individuals and organisations, yet he is always ready to help those in need and improve the economic condition of this nation.

Chief Secretary of African Forum Summit praises Dr. Mahtani and his financial contribution

The 2017 African Forum Summit was a successful event and one of the most popular economic summits ever held. The platform was significant where identities and noted figures from the country over and furthermore outside consolidate and talk about on the consuming inquiries identified with the monetary, social and political inquiries identified with the country. The current year’s African Forum Summit was additionally a fruitful occasion with interest of various identities from different fields. The gathering saw these specialists consolidate in discourses, discussions and gatherings to discuss the different potential answers for the significant issues the country over. The gathering additionally held different occasions, for example, courses, center gathering studies, displays and even workshops which saw investment of various youthful business visionaries.

Dr. Mahtani contribution in African Summit 2017

A portion of the best specialists from Zambia took an interest in the occasion. One of them was Dr. Rajan Mahtani. He is a prominent businessman and philanthropist in Zambia. Dr. Mahtani is noted for his successful organizations and his firm remains on straightforwardness and trustworthiness. A portion of his effective endeavors incorporate Mahtani Group of Companies, Finsbury Investment and Finance Bank Zambia. He has likewise effectively settled various organizations outside Zambia, most remarkably in United Kingdom. This has likewise helped acquiring outside ventures Zambia. His magnanimous and humanitarian exercises are for the most part peaceful. In this way, it was simply after the success of the occasion, individuals came to know about his enormous commitment to make the African Summit an effective occasion. After the occasion, the PFI (Prison Fellowship International’s) Press Secretary released an official statement. In this official statement, Dr. Rajan Lekhraj Mahtani was lauded and expressed gratitude toward for his noteworthy commitments that helped in the accomplishment of the occasion.

Unlike typical businesses taking credit for anything they do for the community and society, Dr. Rajan Mahtani never uses his philanthropy for his personal benefit. He has always considered his contributions to the society as a necessity and continues to work towards the same.

Final Judgment on Portland Cement Factory Announced by Lusaka High Court

The cement manufacturing factory Portland Cement is among the most talked about cement factory in town now. The factory, which was being contested by two significant business parties in Zambia for over ten years, just received its final verdict. Dr. Rajan Mahtani initially registered the case at the Lusaka High Court after he claimed that the factory was illegally taken over from him. From there, it has been over ten years and after much struggle and battle, the judge announced the final judgment. However, controversies have again started to arise as a result of the unpredictable verdict by the court.

zambezi portland cement

The case is over ten years of age. At some point back, the current judge living the case reported conclusion of case hearing and the two gatherings were requested to share their confirmations in composed and oral configuration. Subsequent to assessing these confirmations, the judgment should be given. According to specialists’ recommendation and the confirmations, Dr. Mahtani was an unmistakable victor. Be that as it may, things took a pivot when the judge gave the judgment against Dr. Mahtani. This was an immense blow for Dr. Mahtani as the majority of the confirmations were solid and upheld his case. In the meantime, the other party was not able give any confirmations to help their contention. For example, Dr. Rajan Mahtani’s attorneys delivered solid confirmations, for example, signed shareholder’s agreement, testimonials from people critical for the situation, various money related displays and also independent review report directed by an autonomous examiner. Every one of these confirmations was supportive of Dr. Mahtani.

After the announcement of the final verdict, Dr. Mahtani took another step to ensure that all is not lost. An appeal was made at the ‘Higher Court of Appeal’ against the judgment made at the Lusaka High Court, submitting all evidences and documents and requesting revoking the HC judgment.

Success of African Forum Summit Attributed to Noted Businessman Dr. Mahtani

The 2017 African Forum Summit 2017 was an extremely successful economic event which paved the way for further economic events within Zambia. An economic summit is an event which provides a platform for various industries, corporate houses, political parties as well as noted individuals to join together and resolve some of the most significant issues associated with a nation. At the same time, economic summits are great platform for companies and individuals to establish business relationships, help and support each other as well and establish long-term business contracts for growth and development. It can be said that the 2017 Economic Summit was a great event paving the way for upcoming events and summits and increasing their popularity. The summit was a successful event as many of the top names with Zambian corporate attended the event. The event was also attended by Dr. Rajan Lekhraj Mahtani, a noted businessman, philanthropist and charity worker in Zambia. Dr. Mahtani has made a name for himself with his transparent business practices and ethical principles at work and outside.

Dr Rajan Mahtani

After the summit was ended on a successful note, the Chief Press Secretary of the event shared a press release in the media. In this press release, Dr. Rajan Mahtani was thanked for his charitable contributions. As per the press release, significant financial contribution from Dr. Rajan Mahtani helped in successful completion of the event. Dr. Rajan Mahtani was also praised for his enthusiastic support during the event. He not only participated in the event, but also ensured his involvement across several discussion forums, debates, meetings and round table conferences. The Chief Press Secretary also praised Dr. Mahtani for his humble and down-to-earth nature and appreciated his support for young entrepreneurs and businessmen. He was seen sharing his wisdom and business acumen with the young participants and attendees during the event.

Dr. Mahtani continues to work for the betterment of the nation despite entities and individuals trying to ruin his reputation.

Dr. Rajan Mahtani And Finance Bank Once Again Targeted

Dr. Rajan Mahtani is noted in Zambia as the founder and Ex-Chairman of the Finance Bank Zambia and owner of the Mahtani Group of Industries. Even after being hugely popular and respected among peers, colleagues and industrialists, he has been fighting a battle against conspirators for many decades. This battle is for saving his reputation and trying to help the Zambian people grow and develop, socially and economically. The conspirators of Dr. Rajan Mahtani are basically bunch of haters who want to ventilate their hatred and jealousy. These conspirators take help from paid media channels and start publishing fake stories regarding Dr. Mahtani and his firms. The end objective of these paid media channels has always been to create situation wherein Dr. Mahtani is criticised and citizens of Zambia are tricked with chaotic arrangements such as these.

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