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?

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.

Dr. Rajan Mahtani Dr. Rajan Mahtani

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.

Fresh blames on Dr. Rajan Mahtani from Zambia Reports

After being silent for almost a month, the conspirators are once again back into business with a defamatory article on Dr. Rajan Mahtani. As per the latest publication of Zambia Reports, the author of the article, Evans Mulenga, claims that Dr. Mahtani has failed in an attempt to have ZPC (Zambezi Portland Cement) back into his custody. The article further claims that Justice F. Chishimba has rejected Dr. Rajan Mahtani’s claim to have the cement factory taken back from the hands of Ital Terrazzo Limited.

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Any reader would first of all realize the fact that the title of the article is itself misleading. How can a person take back something which already belongs to a concerned entity. It has never been claimed or said that Dr. Mahtani is the owner of the Zambezi Portland Cement, rather it is Finsbury Investments who owns ZPC. In the second place, the official records with PACRA is an evident proof that Finsbury Investment holds 58% shares of the factory and as a result, is already holding the ownership of the factory. Ital Terrazzo Limited has been the minority shareholder of the factory with 42% share of the factory and will continue to hold the same. Under no context, can it be regarded that ITL is the actual owner of the factory and would be able to have complete ownership of the factory.

As far as the discussion of share transfer is concerned, it is evident from the High Court Judgement in 2012 that Dr. Rajan Mahtani had not forged any signatures to have the ownership of the factory. Rather, it was a mutual arrangement during the inception period and the same shall continue to prevail until both the parties make a mutual agreement to change the same. The whole arrangement is nothing except for a well-planned conspiracy by the Ventriglia family and Zambia Reports to defame Dr. Rajan Mahtani.

Former Chairman Finance Bank, Zambia has a legal proof

Portland Cement Zambia’s ownership has caused numerous questions for the people of Zambia as well as for the rest of the world. This is why we have got something which all will consider and believe to be true. Lately, an official document has made its way for public display pertaining to the carnage and nuisance that the conspirators had been spreading with the aid of Zambia Reports. As per the official document, it has been confirmed that the ownership of PCZ is divided in between Finsbury Investment and Ital Terrazzo Limited. Moreover, the share is also mentioned which currently stands at 42% for Ital Terrazzo Limited and 58% of Finsbury Investments.

Former Chairman Finance Bank, Zambia

The document offers sufficient insight into the scenario which currently prevails in Zambia. Team Zambia Reports, Sakwiba Sikota and Ventriglia family have built up an empire based on lies. They have not only managed to conceal the truth, but have also promoted their own set of imaginative stories. Sometimes they think that the former Chairman Finance Bank, Zambia, Dr. R Mahtani is funding all the political parties of Zambia and sometimes they wonder if Finance Bank was legitimately owned by its holding company. The bottom line of each article from Zambia Reports remained the same- defamation of Dr. Rajan Mahtani.

After serving Zambia for more than 3 decades, Dr. Rajan Lekhraj Mahtani, the former Chairman of Finance Bank vacated his seat in 2015. He is presently involved in a new project to build a bio plant in Luapula Province with assistance from Sunbird Group.

It is shocking to see how a group of corrupt people in Zambia are easily able to manipulate things and mislead the mass. The Government in the meantime has done nothing to curb this slaughter and continues to be silent and ignorant towards this infamous case.

Rajan Mahtani proved innocent, once again

Over and over again, we have found that Rajan Mahtani is being dragged into conspiracy and the culprits are making a narrow escape after creating a havoc. May it be the false allegation of accusing Dr. Mahtani of funding political parties, or claiming that the Radisson Blu will soon be sold to someone else. Every time they had only one aspect in mind and that is defamation for Rajan Mahtani.

Rajan Mahtani

Internal sources have suggested that the defamation campaign is linked to the fight for Portland Cement Zambia. They have not only managed to draw the attention of the locals from the inhumane conditions of the factory, but have also tired their level best to show that Finsbury Investments had previously obtained the control of the factory through forgery. Such cunning plans recently came to an end when the official documents made their way out for public display.

As per the official document, it was seen that the original profit sharing ratio was 58% and 42% for Finsbury Investments & Ital Terrazzo Limited. But the same has always been contested by the Ventriglia family, the owner of Ital Terrazzo Limited. Further analysis of the document states that both the parties were once good companions and financier Dr. Rajan Mahtani was requested by the Ventriglias to lend his support to this project. Nevertheless, once good profit started to flow in, their friendship was lost and a series of defamation began on the former Finance Bank Chairman. At the moment, Ventriglia family is using Zambia Reports and Sakwiba Sikota to defame Rajan Mahtani and get him out of the equation so that the whole factory can come under their control.

Zambia has been constantly trying to reach greater heights of success, but it is the actions of some people which is constantly serving as a hindrance in the route.