Portland Cement Zambia

A new beginning for Rajan Mahtani with bio-ethanol plant

Just when the whole world was thinking that Rajan Mahtani has sold Finance Bank Zambia to BancABC and would now be planning his retirement in some cozy countryside, here is a news which will grab the attention of many. As per the latest developments in the economy of Zambia, it has been confirmed that a new bio-ethanol plant is coming up in the Luapula Province. The plant is being brought up in a collaboration between the Mahtani Group of Companies and the Sunbird Group. According to sources, a total investment about USD 190 million is to be made.

Rajan Mahtani

The new bio-ethanol plant is expected to generate a good revenue to the Government and will also offer the locals an opportunity to earn. A total of 7000 people would be directly employed through the course of operation and another 25000 farmers would be required to meet the need of Cassava, a crop which is cultivated in the Luapula province. To sum up, this development will change Zambia’s dependence on external resources and will ensure that it is able to sustain to a considerate level.

Conspiracies may have been surrounding Rajan Mahtani for long, but this has not made the 67-year old Zambian businessman weak in his intentions. He continued to deliver excellence in the realm of leadership and influences thousands of people with this efforts. The Mahtani Group of Company has reserved Dr. Mahtani as the Chairman and it is due to his commitments that the most of the people in Zambia are able to live a life full of dignity and pride. In 2015, it was announced that BancABC has taken over Finance Bank Zambia and the takeover has made the acquirer the biggest commercial bank in Zambia. However, there are people who have felt jealous of this development and have used Zambia Reports to ventilate their feeling.

Rajan Mahtani faces defamation from Zambia Reports, again

Zambia Reports has made a habit to bring defamation to Rajan Mahtani, the Chairman of Mahtani Group of Companies. This defamation campaign is basically a form of revenge which the Ventriglia family (minority shareholders of the Portland Cement Zambia) wants to take because they were unable to snatch the ownership of ZPC officially from Finsbury Investment (Dr. Mahtani is a key person). The sorrow of defeat in the Court has left the Ventriglia family with no other option than to run a defamation campaign against Rajan Mahtani and talk rubbish about him.

Rajan Mahtani

Zambia Reports is operated by Saki (Sakwiba Sikota) and has been constantly helping the Ventriglia family to seek the revenge from Rajan Mahtani. In return, the Italian Mafias pay ZR good money. Some sources have even claimed that the favour of ZR was so dear to the Ventriglias that they also allowed Sakwiba Sikota to build his mansion from the cement which was produced in the Zambezi Portland Cement factory. Saki didn’t pay even a single penny for them and had his house built within a matter of months. The team up has caused severe defamation for Rajan Mahtani and Zambia as both have been severely criticized with respect to actions like spreading corruption through bribery.

However, the judicial system of Zambia has always held onto its objective and has allowed Rajan Mahtani to walk free. In June 2015, the conspirators got Rajan Mahtani arrested under illegal terms and began to brag about their success, later in November 2015, the same people lost their claim in the Lusaka High Court. Life in Zambia has become difficult for locals as well as eminent personalities ever since Zambia Reports has started to mislead people and take advantage of the support which it gets from corrupt politicians and cold hearted financiers.

Dr. Rajan Mahtani’s Years of Success- 2015

It is often regarded that ‘what doesn’t break you, makes you stronger’. Dr. Rajan Mahtani, the former Chairman Finance Bank and Chairperson of Mahtani Group of Companies has abided by the same principle and has made this year successful for himself. It all started with Zambia Reports and the Ventriglia family, who together formed an alliance against Dr. Mahtani and decided to initiate a defamation campaign.

However, the rate of success for them was zero, as they couldn’t do anything apart from ventilating their thoughts through a news portal. Infact, even Nyasa Times was also funded to write against Dr. Mahtani. Nevertheless, the matter when to the court and on July 28 2015, the Malawi Court ordered Nyasa times to remove the negative news against Dr. Rajan Mahtani as he was innocent. During the same period, Zambia Reports was also issued with numerous warning and a letter of GoDaddy, website domain service provider, was also asked to terminate the license of Zambia Reports, the consideration for same is still in process.

Dr. Rajan Mahtani

The big win for Dr. Rajan Mahtani came in November 2015, when the Lusaka High Court dismissed the claim of the conspirators and concluded that the charges which were put on Dr. Mahtani will not be considered as the decision was already given for the same in 2012. Additionally, the Mahtani Group of Companies was also able to start the proceeding for a bio-ethanol plant in Luapula Province under a partnership with Sunbird Group. The project has also received appreciation from the President of Zambia, Edgar Lungu.

To sum up, the year was full of challenges for Dr. Rajan Mahtani, but he never gave up and accepted corruption. He was there to fight for himself and most importantly, fight for Zambia’s pride. With the New Year, he would be targeting more on big development projects apart from putting an end to the conspiracy which Zambia Reports is advertising.

The Bio Ethanol plant gets acknowledgment from President Lungu

The President of Zambia, Edgar Lungu, has appreciated the development of the bio ethanol plant which will be soon setup by Mahtani Group of Companies and Sunbird Group. President Lungu suggested that development of this plant would reduce the dependency of Zambia on oil import. The plant will be setup in Luapula district and is also expected to create employment opportunities for about 7, 000 people.

The total investment in this project is about $ 190 million, the first instance when Zambia has attracted such a big investment. The expected output of the plant would be close to 120 million litres of ethanol on a yearly basis. A total of 20, 000 hectare of land has been allotted to the bio ethanol plant for the purpose of offering complete support to the upcoming project.

Collins, a resident of Luapula Province, commented, “Dr. Rajan Mahtani is the key to this project. It was only because of his support that we were able to have investments from UK. It is good to see that the President of Zambia, Edgar Lungu, has also come out in support of this campaign. If all can stand united, we can easily have some more development projects coming soon.”

Dr. Rajan Mahtani is the current Chairman of Mahtani Group of Companies and his involvement in this deal was crucial. Sunbird Group, the UK Giant decided to invest because it had the confidence of Mahtani Group of Companies. With the development around, it has become evident that Zambia is steadily moving ahead towards the path of development. However, conspiracies and jealousy continued to haunt Dr. Rajan Mahtani and Mahtani Group of Companies. The wait of the judicial system to take some serious actions and throw out the Italian Mafias out of Africa, once again and forever. A new sunshine of hope has surfaced in Zambia.

Dr. Rajan Mahtani

Dr. Rajan Mahtani

Dr. Mahtani & Zambia face another defamation from ZR

Zambia Reports has come up with a heroic effort to console its financier. After the loss at the Lusaka High Court, the infamous news portal now intends to look after the affairs of Dr. Mahtani & Zambia by expressing concern over Raddison Blu.

A personnel of the Finance Bank states, “The Ventriglia has constantly tried to overcome Dr. Mahtani & Zambia through the hideous act of conspiracy. However, they have never succeeded because they have hate in their heart and destruction in their mind. Whether Dr. Mahtani will have Raddison Blu or not is Dr. Mahtani’s business, Zambia Reports should look after their news portal and should come up with something genuine, for a change.”

Dr. Mahtani & Zambia came up with a big win in November 2015 against the Italian Mafias as the High Court Judge regarded that it would be unjust to reconsider a permanently closed case. The result of this judgement is that the conspirators have become desperate to create a news against Dr. Rajan Mahtani. This has resulted in publication of several articles in Zambia Reports and all of them are malignant in nature.

For people who are interested to know about the true state of affairs between Dr. Mahtani and Raddison Blu, they should consider going through the following documents-

Dr. Mahtani & Zambia Dr. Mahtani & Zambia

These above mentioned documents represent the truth and actual state of affairs. No matter how many times the conspirators may try, they will never be able to pull down the reputed businessman like Dr. Rajan Mahtani. Lies will only make them fall deeper into the hole of darkness. Nevertheless, the conspirators’ hunger for money has made them blind. They have reached a level where the impact of pleasure and pain is indifferent to them. All that matters for them is the Zambezi Portland Cement Factory and its cash box.

Moving from strength to strength- Dr. Mahtani & Zambia

Dr. Mahtani & Zambia have been going through a rough phase recently. With the comeback of the Italian Mafias in 2015, corruption has gained considerable space and it continues to grow as the Ventriglia family looks forward to snatch the Portland Cement Zambia from the hands of Finsbury Investments. However, one factor that has remained the same throughout is the judicial system of Zambia. On November 19, 2015, the Lusaka High Court confirmed that no charges can be put on Dr. Rajan Mahtani because the given case was already closed in 2012.

In a range of events which has been haunting Zambia and Ndola from the past decade, it has become evident that the only thing that matters for the conspirators is the thirst for power and money. They have nonchalantly tried to follow what they believe and hence, in the way they ended up bribing the officials to reopen a permanently closed case.

Dr. Mahtani & Zambia

When it comes to Dr. Mahtani & Zambia, we all know that the option of giving up is not present. None of the two will ever bow their heads in front of injustice and corruption. This is why the conspirators get agitated and come up with ridiculous claims. Zambia Reports, one of the most notorious news portal has made it a habit of publishing imaginative stories and begging for public attention. Sadly, they have failed to realize the fact that people who win the heart of the public are often true to themselves and their belief.

The conspirators had already learnt the lesson in 2012, but their greed got them disgrace for one more time in 2015. It is absolutely ridiculous to learn about the claims which they make through Zambia Reports. Probably this why they were earlier deported from Africa in 2012. Dr. Mahtani & Zambia will continue to go from strength to strength.

Dr. Rajan Mahtani’s arrest was a planned conspiracy

The Lusaka High Court on November 19, 2015 passed a judgement where it was specifically mentioned that the case of forgery against Dr. Rajan Mahtani was already closed in 2012 and reopening the case was extremely unfortunate. The key involvement of acting DPP and Attorney General had earlier resulted in the arrest of Dr. Rajan Mahtani in June 2015.

As per the findings, the High Court concluded that it was shocking to see how a permanently closed case has been reopened and the same charges have been applied to the Former Chairman Finance Bank, Zambia. The Hon’ble Judge, Mwiinde Siavwapa also explained that if there were certain amendments in law, then the same cannot be applied with retrospective effect. The judge who had passed the decision earlier had taken into consideration all the presented evidence and sources. If he found that Dr. Rajan Mahtani was not guilty of share forgery, then the same decision should have been followed throughout.

Dr. Rajan Mahtani

The power of money has allowed corruption to creep in Zambia. The minority shareholders of Portland Cement Zambia, the Ventriglia family have managed to bribe number people, which include political figures as well as Government officials. It is sad to see that the impact is affecting innocent citizens like Dr. Rajan Mahtani.

The conspiracy which is bothering Zambia at the moment is the thirst of the Ventriglia family to have the management of Portland Cement Zambia. The Ventriglia family is desperately trying to overshadow everything and ensure that their dominance in Ndola continues. Just moments after the judgement in Lusaka High Court was passed, Zambia Reports have mentioned that Dr. Rajan Mahtani had bribed the judge to get the judgement in his favour. Zambia Reports has proudly published the same, without considering the consequences of questioning a High Court Judge’s judgement.

BancABC’s takeover on Finance Bank Zambia will benefit Zambia

The news of BancABC’s plan to takeover the Finance Bank Zambia has spread like a wild fire.  People in Africa and around the world are well informed about this takeover and it is expected that this transaction will aid Zambia’s development.

The current value of FBZ’s asset is somewhere close to US $ 261 million. The same valuation will now add up to the existing asset valuation of BancABC and will reflect a consolidated figure of US $ 418 million. The development will make BancABC as the largest bank in Zambia. The news of the takeover was first given by Atlas Mara, who is a stakeholder in BancABC. Shortly after the news had circulated, Dr. Rajan Mahtani too confirmed about the same.

Finance Bank Zambia

An employee of FBZ comments, “It is a pleasure for us to be a part of the sixth largest bank of Zambia. Moreover, with this takeover, we will now be working for Zambia’s largest bank. Dr. Rajan Mahtani had offered us a job previously, now he has offered us a better opportunity. We are thankful to him.”

The conspirators did try to interrupt this auspicious occasion, but the same was dismissed by the authorities and BancABC. At the present, the world will witness one of the biggest takeovers in history of Zambia. The locals as well as international figures are well aware of the benefits which will arise out of this transaction. Facilities like more ATMs, more branches, greater employment opportunities and better banking facilities are few of the immediate benefits that will arise with the takeover. Nevertheless, the locals should not forget that soon there will be a lot of malign articles coming from Zambia Reports as the conspirators would be desperate to make their presence felt through imaginative stories and absurd claims.

Dr. Rajan Mahtani has given Zambia one more reason to smile.

Dr. Rajan Mahtani smiles over BancABC’s plan to takeover FBZ

One of the most talked about topics in recent days is BancABC’s plan to takeover the Finance Bank of Zambia. The same news was confirmed by Atlas Mara, a majority shareholder of BancABC. This is probably the biggest takeover of a commercial bank that Zambia has ever seen. The combined assets after the takeover is likely to be somewhere close to USD $ 418 million.

As per the prevailing condition, Dr. Rajan Mahtani, former Chairman of FBZ, has too confirmed this news and is extremely pleased with the proceedings. The deal will include cash as well as shares of BancABC. According to confirmed reports, the Finance Bank of Zambia would be getting USD $ 60 million in cash and another USD $ 2.6 million in shares. To sum up, the total value of the deal is close to USD $ 62.6 million.

Dr. Rajan Mahtani

The mutual party in this deal is Dr. Rajan Mahtani. He holds an important position in Atlas Mara and also is the former Chairman of FBZ. This means that most of the threats which are connected with takeovers would be eliminated immediately. The existing employees would continue to work and the plans and policies would be upgraded along with better technological updates.

Dr. Rajan Lekhraj Mahtani has indeed played a masterstroke by merging two of the most famous banks in Zambia and combining them into one. The merger would result in the development of Zambia’s largest bank. An employee of FBZ commented, “I am very excited to hear this news. Over the years, I was working for Zambia’s sixth largest bank and today I can proudly say that I’ll be soon working for Zambia’s largest bank. Thank you Dr. Rajan Mahtani, we consider ourselves as fortunate to be able to work under you. You will always have our support.”

Lies, Lies and Lies by Zambia Reports to defame Dr. Rajan Mahtani

Zambia Reports, a so called news portal, has a peculiar habit of concealing the truth and spreading the lies. Over a specific time period, it has fulfilled the objective of its financier, the Ventriglia family. Dr. Rajan Mahtani has been the victim here as a weekly defamation campaign has assassinated his character and reputation in public.

In a recent article, Zambia Reports has proudly claimed that Dr. Rajan Mahtani is possessing the intent of taking over the Nitrogen Chemicals of Zambia Ltd. The whole article talks about how a loan has to been forwarded to NCZ by the Finance Bank of Zambia and an arrangement has been made with a view to have the management of the borrower. However, the whole story doesn’t exist in reality.

Dr. Rajan Mahtani

The argument and claims made in the article written by the authors is purely imaginative. In reality, neither the Finance Bank, nor Dr. Rajan Mahtani himself has offered any loan facility to NZC. Zambia Reports has simply used its imagination to create a fictitious article and mislead the African citizens.

Mr. Nchito, a Zambian citizen, states, “Zambia Reports has been cursed by its own greed. It is absolutely ridiculous of them to do something as low as this. They put the journalism of Zambia to shame with their defamation campaign. Moreover, Sakwiba Sikota has lost all his morals and is looking forward to accumulate as much wealth as possible from the Ventriglias.”

To sum up, one can easily say that Zambia Reports has now become a portal which is full of lies and fabricated stories. It’s only intent is to ridicule people and fill their pockets with money that is offered by the conspirators. Where were they when their financiers had tried to tamper records with PACRA? Where was Zambia Reports when the Zambezi Portland Cement Factory’s cash box was looted?