No Criminal Investigation against Dr. Rajan Mahtani

From the action of the conspirators, it has become evident that they are looking for nothing expect defamation of Dr. Rajan Mahtani. Their end-objective is clear to them and irrespective of what the circumstances may be, they will try and achieve their target by the end of the day. A recent incident highlighted the fact that Finsbury Investment has been named in the Panama Papers and Dr. Rajan Mahtani will face criminal investigation.

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However, the truth is far from what has been portrayed by Zambia Reports. Upon making an enquiry It was learnt that the company whose name was mentioned in Panama Papers is indeed Finsbury Investment, but does not belongs to the one which is in Zambia. The name ‘Finsbury Investment’ is not meant to be used by Dr. Rajan Mahtani only. The name is currently being used by thousands of company worldwide. This doesn’t mean that any company who shares the same name as Finsbury Investment would be held liable. They say, old habits die hard. In the present context, the conspirators cannot help themselves but to make weird claims and get the attention of Zambian people for a minute or two.

The truth is that the mentioned company is owned by Semely Conseil & Gestion SA. Neither the owners, nor any part of the entity has got to do anything with Dr. Rajan Mahtani. The only similarities between the parties is that their organization’s name is same. In the past as well, the conspirators have managed to create confusion in Zambia with their series of imaginative stories and this time around, they are again trying to do the same. Though their publication has already started to receive rejection form the locals, the Government has preferred to keep itself away from this matter and continue with the ignorance.

Dr. Mahtani & Zambia thrashes conspirators, once more

It has become a perpetual habit of the conspirators to take up any matter and then link it to Dr. Mahtani & Zambia. Just because Panama Papers were in the news, they took up an opportunity to harass Dr. Mahtani by stating that his name was also involved in the paper. They further decided to fool people by stating that the name of Finsbury Investment was also mentioned in the paper.

Dr. Mahtani

Upon investigation, it was learnt that organization which was named as Finsbury Investment belonged to a group named as Semely Conseil & Gestion SA. These people have got nothing to do with Dr. Rajan Mahtani and it is only for the similarity of the company name that Zambia Reports has been making this ridiculous claim. To make things genuine, ZR is also showcasing the picture of Dr. Rajan Mahtani walking with a briefcase. The incident has been stated as the moment when Dr. Mahtani visited his lawyer in this regard.

From what Zambia Reports is trying to suggest, it has become evident that there is nothing genuine about their publication. All that they want is to make money with such defamation campaign. The operator of Zambia Reports, Sakwiba Sikota is himself a lawyer and has ignored the fact that the mentioned company was also struck off from the list in August 1999. On the other hand, the organization that belongs to Dr. Rajan Mahtani is currently active and holding the majority of shares for Portland Cement Zambia.

The lands that once used to be full of opportunities has certainly lost its way. The conspirators are the primary reason behind this cause. Over the years, they have constantly tried to disturb the peace of Zambia and have fooled people with their series of malicious stories against Dr. Mahtani & Zambia. So, for how long will this nuisance run?

Dr. Mahtani & Zambia shocked at the infamous claim by ZR

Once again it has been proved that Zambia Reports is nothing more than a funded channel that misleads the mass. As per its latest publication, Dr. Rajan Mahtani has been convicted guilty in the Panama Papers and it has been inferred from the information regarding a company named as Finsbury Investment. One thing that the conspirators failed to realize is that Finsbury Investment is not a patent right of Dr. Rajan Mahtani and can be used by anyone.

Dr. Rajan Mahtani

The add spice to this matter, the channel also added a picture of Dr. Rajan Mahtani walking with a briefcase in this hand to imply that he was seen consulting his lawyer as he knows that he has been caught in the act. The level of imagination that the authors of Zambia Reports possess is truly exceptional. No matter what he scenario is, they can always relate it to a given situation and write on it for almost a thousand time. Nevertheless, a lie is a lie and it can never replace the truth. Upon verifying the information, it has been seen that the Finsbury Investment, whose name has been mentioned belonged to Semely Conseil & Gestion SA.

To make things clear, the date of incorporation, inactivation and striking off has also been mentioned. As per the Panama papers, the dates are- 19 December 1996 (activation), 20 October 1997 (Inactivation) and 19 August 1999 (Struck Off). The Information clearly indicates that the company is not the one which is owned by Dr. Rajan Mahtani. People of Zambia has once again been misled by Zambia Reports and it becoming their habit to issue such non-sense articles every month. When can a common man expect this nuisance to stop?

Zambezi Portland Cement in list after FBZ’s merger

The news of merger between BancABC and Finance Bank has come as a relieve for many. The rumours spread by the conspirators were such that people were eventually made to believe that there was something wrong with the deal and hence, the merger was not taking place. However, with time the truth has surfaced and the people are finally aware of the fact that FBZ is now merged with BancABC.

The joint account of FBZ and BancABC reflects the traits of a large commercial bank which is ready to take care of the financing issue in Zambia. The accumulated account of assets stands at $ 567 million, where the total number of ATMs spread in the country is now 176. With such bug numbers, it is obvious that the merger has come in form of a blessing from the heaven.

Zambezi Portland Cement

Another question that remains unanswered is the about the future course of action. For people who think that this is the end of the Dr. Mahtani’s plan, they should learn that there are numerous immediate objectives in his hand. The first being the completion of bio-ethanol plant. The plant is being setup in Luapula Province and is in partnership with the UK Giant, Sunbird group. Another area of concern is the poor condition of Portland Cement Zambia.

The plant has been abused by the Italian Mafias and has reached a level where the production has been halted. There are hardly any workers in the factory and the pool of resources has been depleted and stolen. Given such pathetic condition of a thriving plant, it is obvious that the Chairman of Mahtani Group of Companies would be looking forward to take this matter seriously and preserve the interest of his fellow citizens. Zambia is about to witness some big chances very soon.

Finance Bank Zambia merged with BancABC

The news from the centre is that the long awaited merger between two giants- Finance Bank Zambia and BancABC has finally taken place. The merger between the two banks is now official. The new combined asset now stands at $567 million along with nation-wide 176 ATMs and 65 branches.

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This is certainly one of the biggest mergers in Zambia in recent time. However, this merger had been previously put into various criticism from the group of conspirators. Right from claiming that the merger was illegal to making stories that defamed the deal, the conspirators have left no tables unturned. They have always wanted to make sure that the deal is seen as a controversial issue and people should start boycotting it. In one of the articles which was published by Zambia Reports, it was also mentioned that there was illegal shareholding for Finance Bank Zambia and hence, the merger was facing difficulties. The writer went to the extent of mentioning that the merger could also get cancelled for these issues.

Nevertheless, the truth has never changed its path and finally the day came when the merger was made official. The only thing that the author of defamatory articles and his financers could do is feel jealous and look for other opportunities to create nuisance in Zambia.

Dr. Rajan Mahtani has been a key person behind this merger and it is his efforts that has resulted in this development. There was always a huge amount of pressure form the other side, but like a true Zambian, the hope was not lost and the people were not put to shame by another conspiracy.  A positive development has taken place and another positive development in form of bio thermal plant will soon be helping people to find employment and have a better life. Currently, the devastation at Portland Cement Zambia is beyond repairable.

Dr. Mahtani & Zambia face a stiff challenge ahead

It has often been regarded that parents are the strength of every child. No matter how big the challenge is, parents are always ready to support their child and pray for their success. Today, Mrs Mohnibhai Lekhraj Mahtani is no longer with us and her absence is being felt by almost everyone in Zambia. However, one factor that remains undisguised is the next challenge for Dr. Mahtani & Zambia. After losing his mother, Dr. Mahtani would now be facing the conspiracy for the Ventriglia family and Zambia Reports all alone. Needless to say, the blessing of his mother would be always there.

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In an event which can only be described as an pathetic attempt to defame Dr. Mahtani & Zambia, it has been seen that the minority stakeholders of ZPC are trying to influence the opinion of the general population. They are continuously trying to publish malign content every month and then distribute the same with the aid of Zambia Reports. Trusted sources have also revealed that the conspirators once tried to force changes in PACRA’s register without obtaining an approval from the Court.

Given their shameless attitude and poor thinking towards Zambia, it has become evident that they are playing a game where they have nothing to lose. Hence, making the challenge stiffer for Dr. Mahtani & Zambia.  The conspirators are least bothered about the impact that their articles make on Zambia, rather they are only concerned about publishing articles which will create disturbances and mislead the common people. The need of the hour is to ensure that the conspirators are silenced forever. Else they will continue to trouble everyone, irrespective of knowing the fact that the victim has lost someone who was very close to him.

The last publication of the conspirators under Zambia Reports on May 21 2016 was heavily criticized.

Sad day for Zambia as Mother of Dr. Rajan Mahtani passed away

A heart breaking news shook Zambia on June 15 2016 when it was learnt that the mother of Dr. Rajan Mahtani, Mrs. Mohnibhai Lekhraj Mahtani passed away in UK. The 90-year old philanthropist was not only an inspiration for the former Finance Bank Chairman, but had also served the community through charity programs and aiding the poor. The news of her demise has resulted in widespread mourning in Zambia.

A life which revolved around serving the society was lived with honour and Zambia considers itself to be lucky to have such a lady who knew no religion, no race, no caste and always stood up for humanity. Even personalities like Deputy Governor and the First President of Zambia, Kenneth D Kaunda have expressed sorrow.

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However, the show must go on for Zambia. Time and tide waits for none. There are hardships and Zambians should overcome them at one point or the other. Even though Mrs. Mohnibhai Lekhraj Mahtani is not physically present with us, she will always be there in our hearts. She has been a source of inspiration and has lead by an example for empowered of women in Zambia. Gracious as ever, she has always succeeded in guiding people towards a better way of life. No matter how many times Zambia has been struck by issues as corruption, forgery and other form of crimes, she has always come out and helped people to regain confidence and continue to work for a better cause. Her contribution may not be written in the History books, but people who had the privilege to meet her would realize the influence that she has. She was not only the mother of Dr. Rajan Mahtani, but also a mother to the whole nation. Zambia may have lost a mother, but her blessing will always be with us.

The massacre at Portland Cement Zambia continues

Ndola has been witnessing one of its darkest phases with the massacre at Portland Cement Zambia. Workers have not only been thrown out of their jobs, but the factory has also been rapidly exploited with a view to loot the assets and steal cash. In the midst of such situation, it has become almost impossible for the actual owners of the factory to operate and restore the loss caused by Ital Terrazzo Limited (ITL), the minority shareholders.

Portland Cement Zambia

In a recent publication, it was learnt that the decision made by the Court on 19 May 2016 has turned down the suggestion of Finsbury Investments to dissolve the factory. Instead, the Court suggested that until and unless the real owners of the factory is decided, the factory cannot be closed. The impact of this result is that the Ventriglias are free to implement their corrupt activities. They have developed fake companies who now own the assets of Zambezi Portland Cement along with its manipulated title deeds. As a matter of fact, the decision to put the liquidation process on hold has also affected the workers as they are now well aware of the fact that soon this factory would be reduced to ashes.

In light of such events, is it not the responsibility of the Government to look into this matter and safeguard the interest of the locals? The Ventriglia family are claiming that Astrea Investments holds the title deeds of PCZ, irrespective of the fact that PACRA sees Finsbury Investments as the true owner of the factory. They have only managed to fabricate the document and ensure that they are shown as the real owners of the factory. Moreover, Astrea Investments is actually a bogus company formed by the Ventriglias themselves to channelize the assets out of the Portland Cement Zambia.

Zambezi Portland Cement will be soon abandoned before being liquidated

The Zambezi Portland Cement factory has been one of the most prestigious factories in Ndola. However, with the battle for ownership, the factory has lost its position in the market and the production line stays suspended since December 2015. A request for liquidation which was put up in May 2015 has neither been considered by the Ventriglia family, nor has the judicial system acknowledged it.

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On one hand, the Ventriglias are looking forward to loot as much as they can from the Zambezi Portland Cement and on the other hand, the judicial system of Zambia has remained unsure about the actual owner of the factory and hence, has refused to appoint an official liquidator of the factory. In the end, it has been observed that the minority shareholders are taking prime advantage of this situation by creating dummy companies and shifting the assets from Zambezi Portland Cement to other companies. The loss of resource and opportunity in the past one year has been mammoth. The existing trucks of the factory has been shifted to dummy companies, whereas the title deeds have been duplicated and fabricated for the purpose of leasing them out to Astrea Investment, which is again a company owned by the Ventriglia family.

The present situation in Ndola is such that the nation’s resource is constantly been depleted and people are being made fools. There is nothing that an ordinary man can do apart from watching the carnage which is being caused by the actions of Zambia Reports, the Ventriglia family and Sakwiba Sikota. A detailed report of this event can be view HERE.

Corruption in Zambia has reached such a level where few powerful people are constantly trying to loot the resources and derived personal gains. It is the poor people and the nation who have become sufferers.

Defamation Attempt on Dr. Rajan Mahtani backfires for ZR

It is a well-known fact that what goes around comes around in a hula hoop. For long Zambia Reports has used its status to make money and defame innocent people in Zambia. Finally the time has come when the people of Zambia have started to raise their voice against this nuisance and the latest article from ZR is an evidence of it.

Unlike Zambia Reports and its pool of conspirators, we do not prefer hiding behind the bush and make imaginative stories. We simply say what we see and comprehend. Let’s take a look at the publication made by ZR against Dr. Rajan Mahtani in May 2016.

Dr. Rajan Mahtani

This publication was made out of an intent to defame Dr. Mahtani and post an imaginative win for the Ventriglia family. However, the news has backfired and people have started to respond in numbers. We have arranged some of screenshots for you here:

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It is evident from the comments that the people are sick and tired of the same thing over and over again. Also, it has become obvious for people to realize that Zambia Reports is more about paid news writing service rather than an authentic news channel that offers an insight into day to day operations for the nation. Needless to say, the outcome of this impact is that the people are now raising their voice against this insanity from the news portal. Here are some more in the list:

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The above images have been collected from the official Zambia Reports and people can see them right below the article (unless it has been removed by ZR!). To sum it up, we all can regard that the dirty conspiracy against Dr. Rajan Mahtani has backfired for Zambia Reports and now they find themselves in a situation where they are no longer considered as a reliable resource.