Mahtani Group of Companies

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.

Portland Cement Zambia Ownership Goes Back To Dr. Rajan Mahtani, Court Of Appeal Announces Decision

Zambezi Portland Cement

Dr. Rajan Mahtani is a noted businessman in Zambia and only few of the businessmen still following a complete ethical and transparent business path. For the past ten years, Dr. Rajan Mahtani fought for the legal ownership of the Portland Cement Zambia factory. After the judge at the Lusaka High Court failed to provide right judgement for the factory, Dr. Rajan Mahtani approached the Court of Appeal. The judge at the Court of Appeal was justice Mwinde and he gave the final judgement on the case on 31st January 2019. According to this final decision, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of Zambezi Portland Cement with 58 percent shares. 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 from the Court of Appeal judge, it is clear that Dr. Rajan Mahtani is the legal owner of the factory.

While giving this judgement, justice Mwinde from the Court of Appeal also revealed some interesting developments to the case. On 6th February 2019, Dr. Rajan Mahtani owned Finsbury Investments paid a sum of K580,000,000 to the court. This payment was made along with interest in compliance with the court judgement. It was revealed that this paid was made to complete the commercial registration process for Portland Cement Zambia. At the same time, Finsbury Investments also claimed a sum of K1 billion with interest from the Court. This claim was made with respect to the payment made for entire share capital issues for Portland Cement Zambia. This payment was further confirmed with documents of share transfers made during January 2007 as well as December 2007 and submitted before the court. Based on the evidences, it is clear that Dr. Rajan Mahtani is the actual owner of the Portland Cement Zambia factory. This judgement further confirms the legal ownership of Dr. Rajan Mahtani over the factory.

Experts Claim That Portland Cement Zambia Is On The Verge Of Collapse, Even After Final Verdict

The case of Portland Cement Zambia was started almost a decade back when Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist, registered the case at the Lusaka High Court. Dr. Rajan Mahtani has claimed to be the real and legal owner of the factory and since its establishment, has been leading the factory. The fate of the Portland Cement Zambia has also seen numerous ups and downs with these changes.

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During the initial years when Dr. Rajan Mahtani was leading the company, the factory was a huge success. The factory production was surplus and it quickly became one of the biggest producers of cement factories in Zambia. Apart from this accomplishment, the factory quickly became a preferred industrial employer within the province. The above industry average salaries and wages attracted employees and workers from far off places. The contribution of the Portland cement on the country’s revenue and GDP was one of the biggest achievements of the factory.

However, the current condition of the factory can be considered as dangerous and on the verge of collapse. Since the illegal takeover and start of the case at the court, the factory is leaderless. As a result, the management activities are haywire with inconsistent production and irregular salary provisions for the employees and workers. The factory assets have started to corrode and the factory cash box is completely empty. Majority of the workers have started to leave the factory due to non-payment of wages and the revival of the factory is becoming distant dream every passing day.

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After ten years of trials, transfer of judges and numerous dramas, the final verdict was announced by the judge residing the case. However, relief to Dr. Mahtani was not given still as the final verdict was given against Dr. Mahtani, despite the evidences. Dr. Mahtani has appealed to the ‘higher court of appeal’ with the hope of reversing this misdirected judgment.

Malicious, False, Libellous And Defamatory Articles Published About Dr. Rajan Mahtani

London, United Kingdom September 10, 2018

Dr. Rajan Lekhraj Mahtani (popularly known as Dr. Mahtani) is a Zambian businessman and philanthropist and Chairman of the Mahtani Group of Companies. He has business interests across Africa, Europe and Asia. The Mahtani group includes a large number of Companies and has been built into one of the largest conglomorate in Zambia, employing over 3500 personell and funding more than twenty development projects in Zambia, apart from countless charitable and philanthropic initiatives.

However, his success has naturally been accompanied by a vicious smear campaign, aimed at maligning Dr. Mahtani’s reputation, by vested interests in Zambia, and supported by persons in America and Europe. It is noteworthy, that Dr. Mahtani filed defamation cases in the State of Arizona and State of Minnesota, USA against such publishers of defamatory articles, including Zambiareports.com. The case was resolved between both parties and Zambiareports removed all such articles as they were malicious, defamatory, libellous, false and without any substance.

It has been brought to our notice that certain articles emanating from the removed Zambiareports articles have been copied, reproduced and/or published by various other websites, individuals and online publications.

At Dr. Mahtani’s behest, his attorneys have reached out to those whose contact information was publicly available, while several others which were posted anonymously, remain in the public domain. To those publishing and posting false allegations, which have been proved to be without substance and deliberately malicious in various Courts of Law in USA, UK, and Zambia, Dr. Mahtani’s USA attorneys Clare Locke LLP , and UK attorneys Gordon Dadds LLP officially advise through their respective letters (attached) Individuals and organization who may which to seek independent clarification may write to them directly. In the absence of which, those indulging in these activities are warned that they do so at their own risk and Dr. Mahtani reserves the right to take appropriate legal action against them.

Dr. Mahtani has worked relentlessly for the upliftment and development of Zambia as a businessman and a philanthropist and has earned an impeccable reputation. He has led numerous businesses in Zambia, Zimbabwe, Malawi, Sierra Leone, Europe and Asia with a primary focus on banking, insurance, property development, financial, manufacturing and investment sectors. His highly successful business and development projects have benefitted the respective Countrys’ economy and improved the standard of living in Zambia and other territories. He holds the importance of integrity, good governance, honesty and lawfulness very dear to him. He takes these false allegations as an attempt to defame and cause harm to not just his businesses, but him personally

Attachments:

1. Letter issued by USA attorneys Clare Locke LLP-

https://www.dropbox.com/s/tdz8hamgdva55on/ClareLocke.png?dl=0

2. UK attorneys Gordon Dadds LLP-

https://www.dropbox.com/s/sw91sr49tkmehee/Gordan%20Dadds.png?dl=0

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.

African Forum Press Secretary Writes to Dr. Rajan Mahtani, Shares his Contribution Story

African Summit is a regular industry event in Zambia wherein top personalities from various fields join together for discussions, debates on the burning issues that are currently gripping the nation and evaluate most appropriate pathways considering the economic, social and political strengths and weakness of the nation. The summit has been extremely successful in bringing high profile personalities in one place, providing a platform for successful generation of ideas and creativity. This platform has also been successful for budding entrepreneurs who get to know and meet the industry giants and gain valuable experience from them. The 2017 African summit was held recently and was a successful event. It was attended by many successful industrialists and businessmen.

Dr. Rajan Mahtani was also one of the attendees. He is a noted businessman, philanthropist and charity worker in Zambia. Dr. Mahtani has established a name for himself with his successful businesses as well as his immense contributions to the society. After the 2017 event was completed the Chief Press Secretary of ‘Prison Fellowship International’ thanked Dr. Rajan Mahtani is a press release. As per the press release, Dr. Rajan Mahtani had funded for the event which ultimately resulted in its success. Most other businessmen or companies would have made their contributions public, with the objective of gaining positive reputation and recognition. However, Dr. Rajan Mahtani has always kept his charity works and philanthropic activities out of limelight. He was further praised for his active participation in the event and helping young entrepreneurs with his business wisdom and knowledge. The press release was signed by the CEO (Chief Executive Officer) of the PFI himself, thanking Dr. Rajan Mahtani for his contributions.

Rajan Mahtani

Despite of the continued conspiracies against him, Dr. Rajan Lekhraj Mahtani has continued to work for the development and growth of the nation. His contributions are not only limited to businesses but also working towards the welfare of the citizens of Zambia.

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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