Finance Bank Zambia

Dr. Mahtani Award With Forbes Philanthropy Award

Dr. Rajan Lekhraj Mahtani, a noted businessperson and philanthropist from Zambia, was recently conferred with one of the top philanthropy and leadership awards in Zambia. Dr. Rajan Mahtani received the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. This award was presented to him during the Forbes ‘Best of Africa’ annual awards. The award ceremony, on the other hand, was part of the Forbes-FIN philanthropy and leadership roundtable conference. Dr. Rajan Mahtani was also invited in this conference as an honorary speaker and highlighted the significance of healthcare and political leadership in the sector for its empowerment and long-term growth. Forbes recognised Dr. Mahtani for the ‘Best of Africa’ award for redefining the banking sector of Zambia.

Dr. Rajan Mahtani is a proud Zambian citizen and considers this as his native country. In his acceptance speech for the award, Dr. Mahtani said that he is deeply humbled to achieve this award as he has gone through significant trails & tribunals in his business and personal life. Dr. Mahtani thanked Almighty God for providing him with the strength and perseverance to come ahead to these challenges. Dr. Mahtani also thanked his teams for their significant support and carrying out major responsibilities for ensuring continued business success and growth.

Forbes conducts a ‘Best of Africa’ award ceremony to recognize the leading lights in the field of business and philanthropy. The awards are presented after significant consideration and background research on the participants. Both FIN (Foreign Investment Limited) and Forbes conduct verification processes and background checks against the respective participants. After this, interviews and discussions take place to understand the perception and views of the awardees regarding philanthropy to achieve long-term empowerment across the African nation. Apart from Dr. Rajan Mahtani, several other business personalities receive awards during the Forbes ‘Best of Africa’ award ceremony. Some of these eminent members were Paul Adefarasin, Nana, Kwame Bediako, Leonark Nnamdi Stanley Ekeh, Ken Sharpe, Wendy Ackerman, Sam Matekane and Claver Gatete, among others.

Dr. Rajan Mahtani

Dr. Rajan Mahtani’s Philanthropic Work Praiseworthy, News Article Reveals Details

Dr. Rajan Lekhraj Mahtani is one of the most respected and celebrated businessmen in Zambia. His contributions extend not only in successful business ventures and providing opportunities for FDIs in Zambia, but also across philanthropic and charitable activities. Dr. Rajan Mahtani is known for his several volunteering activities and philanthropic contributions for the oppressed and less privileged sections of the society. He is also known to promote education and work towards providing opportunities for deserving students and candidates for their dedication and passion. A fine example of this philanthropic activities was the Steven Malama award. This award was established by Finance Bank Zambia, whose Chairman is Dr. Rajan Lekhraj Mahtani. The award was created in the year 2013 in honour of Late Steven Malama, a noted lawyer in Zambia. This award is given on an annual basis to the best graduating candidate from the ZIALE (Zambia Institute of Advanced Legal Education), who has successfully passed the Bar in their first attempt. Thus, the award is an opportunity to raise awareness about the importance of education for the economic and social development of the nation.

The award for the year 2018-19 was received by Emmanuel Bwalya Kaluba, who was the best law graduate cracking the Bar. After receiving this prestigious award, Emmanuel Bwalya Kaluba gave a praiseworthy and thankful appreciation to Dr. Rajan Mahtani in the form of news article at the Daily Mail. In this news article, the deserving candidate thanked Dr. Rajan Mahtani and Finance Bank Zambia for the significant opportunity and improving the motivation of the future classes to study hard. The award is also a means to attract future generations and young students to pursue the legal career as lawyers and legal counsellors hold significant position within the society. Apart from a plaque and a certificate, the award also gives an amount of K15,000 to the graduating candidate.

Zambian High Court Fails to Deliver Justice, Dr. Rajan Mahtani Moves to Higher Court

Dr. Rajan Mahtani is a celebrated businessman in Zambia. In this business career spanning more than three decades, he has faced numerous good and bad events and has come out as one of the most successful , honest and transparent businessman in Zambia. He is the owner of companies like Mahtani Group of Companies and Finsbury Investment. He is an avid charity worker and has made numerous contributions for the social and economic development of Zambia societies and communities.

Dr. Mahtani has been fighting for the legal takeover of another one of his establishments for the past ten years, Portland Cement Zambia. During these trial years, numerous changes were seen such as transfer of judges and non-availability of the respondents or evidences from their side. However, no judgment was given even though the lawyers from Dr. Mahtani’s end left no stones unturned in securing and providing critical evidences for supporting his claim.

Dr. Rajan Mahtani

The judge overseeing the case at present, Justice Nkonde, made a positive announcement few months earlier when he stated that in order to speed up the judgment process, the case hearing was over. This meant the judge would not take any more trials. Both parties were asked to submit evidences and testimonials in written as well as oral format. Based on these testimonials and evidences, the justice was supposed to make the final verdict. It was a winning situation for Dr. Mahtani as his evidences were all factual and more prominent than those submitted by the respondents. However, the final verdict announced by the judge was a shocking phenomenon. The judge announced the final verdict against Dr. Mahtani. It was clear that the significant evidences were not even taken into account.

While this judgment is certainly surprising and shocking, Dr. Mahtani has now taken action against this misdirected judgment. An appeal has been made at the higher court of appeal at Zambia wherein Dr. Mahtani has shared details of the event and is awaiting response.

Top Lawyers And Ministers Accused Of Laundering Money Across Zambia

FIC, Financial Intelligence Agency, recently announced devastating news of money laundering. The news shook the nation as top Zambian lawyers were involved in laundering money via personal and professional bank accounts. The news has been condemned by the public and the industrialists alike. Top businessmen like Dr. Rajan Mahtani have shared his grave concerns over the failure of the government to detect this mass money laundering act for so long and its effect on the economic and social status of the Zambian.

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Money Laundering Activities Go Big With The Recent Bust By Fic

The Financial Intelligence Centre recently reported a mass money laundering scheme across Zambia. This bust has been regarded as one of the most sensations across the nation, due to the involvement of high-level officers from the government as well as top lawyers from the nation. This money laundering scheme took place with the help of illegal and unaccounted cash transactions from the individual and corporate bank accounts of suspected lawyers. As per the reports, the amount of money transferred across these bank accounts is more than USD 1.5 billion.

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Money Laundering Act In Zambia Shocks Citizens, Sakwiba Sikota Involved

The recent money laundering scandal is big news and those accused have all started defending themselves. One of the top lawyers accused of laundering money worth more than USD 1 billion is Masozi M. Banda, a noted lawyer from Avik International. When confronted, he said that majority of the money received by him belonged to the Zambian dictator Edgar Lungu. Banda has also stated that he is just a conduit for monetary transactions from his firm, the Avik International, and the amount has been received for road and related government contracts. Banda is among other lawyers ‘shortlisted’ by the Financial Intelligence Centre for suspected mass money laundering activities.

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Financial Intelligence Centre Identifies Money Laundering Cartel, Lawyers Involved

FIC (Financial Intelligence Centre) is a noted agency involved in an investigation of financial fraud. The agency recently discovered a mass money laundering bust involving top lawyers working with corporations, government offices and big law firms. This mass money laundering heist was undertaken via cash transactions from the corporate and individual bank accounts of the suspected. As per the reports, more than USD 1 billion dollars is suspected in this illegal heist.

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Fic Unearthed Mass Money Laundering Bust Involving Top Zambian Lawyers

Money laundering is considered as a criminal act across the majority of the nations around the world. Even after that, these activities are common across these nations, especially in developing or underdeveloped nations. Unlike developed and progressive nations, the law and government are not equipped to investigate and provide quick punishment to the offenders, leading to corruption and illegal activities.

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