Tag Archives: chairman of Finance Bank Zambia

Dr. Mahtani Announced The Winner Of Forbes ‘Best Of Africa’ Award

Posted on by
Reply

Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist from Zambia, was selected for one of the top corporate and philanthropy awards in Zambia. This award is called as Forbes ‘Best of Africa’ award and is given to businessmen, visionaries, and leading lights in the field of philanthropy and leadership. The Forbes ‘Best of Africa’ award was a part of the Forbes-FIN (philanthropy and leadership) roundtable conference that was held virtually in Africa. The goal of the Forbes-FIN philanthropy and leadership roundtable conference was to create a platform wherein businessmen and visionaries discuss the significance of philanthropy to achieve long-term empowerment across the African nation. It was also a platform for generating funding and capital for several ongoing projects across Africa. Despite the ongoing pandemic and the event being held virtually, the event saw participation from personalities from different aspects of life. These included members from international business communities, spiritual leaders, political leaders, religious leaders, international investors as well as media partners. Dr. Rajan Mahtani was also invited to this event as an honorary speaker and spoke about the significance of leadership in healthcare, especially political leadership gave the current pandemic and the newfound respect for the healthcare sector and administrative services.

Similarly, the Forbes ‘Best of Africa’ awards was a huge success. The awards have high recognition as they not only come from Forbes which is one of the top business magazines across the globe but are also respected for the rigorous and transparent selection process. This selection process comprises months of verification processes and background checks followed by interviews and discussions with the participants to understand their views on philanthropy to achieve long-term empowerment of the Zambian nation. Dr. Rajan Lekhraj Mahtani, apart from being invited as an honorary speaker, was also conferred with Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. Dr. Mahtani received this award for redefining the banking sector of Zambia, among others.

Dr. Rajan Mahtani Has Sued Simataa And Demands K1 Billion For Breach of Contract

Posted on by
Reply

Dr. Rajan Mahtani, the chairman of Finance Bank Zambia recalls his K1 billion from Simataa Simataa, the Mutendere Football Club owner, for breach of contract. He has sued this man for the contract violation.

 

As per the contract, Simataa was not supposed to issue any statements against the Finance Bank Zambia, its owners or its employees. He was a former employee of Finance Bank Zambia. When he left the job in 2007, seven years back, he undertook in writing to refrain himself from this kind of activity and in exchange for this, he agreed to receive and was paid K1 billion.

 

However, as per a letter of demand seen by the Watchdog, Simataa had ignored the contract because he voluntarily offered himself as a witness in the Lusaka High Court against the Finance Bank of Zambia. He has, in fact, been issuing media statements, which have gone against the interests of the Finance Bank. Dr. Mahtani and Finance Bank have thus decided that since Simataa broke his side of the contract, it’s in order that he repays the K1 billion along with the interest.

 

Simataa has been given a 7-day ultimatum to repay the K1 billion with interest for breaching the contract. If he doesn’t repay the money plus the interest, the lawyer of Dr. Mahtani and Finance Bank would commence a legal proceeding against him for recovering the same.

 

However, Simataa seems to be very daring. He has dared Dr. Mahtani to go ahead and take legal steps against him. He spoke to the Daily Nation recently and said that he is not afraid by Dr. Rajan Mahtani’s threats and that he very well knows that has not signed any agreement as said by the chairman of Finance Bank Zambia. He said, “Let me remind Rajan in case he has forgotten that it was payment in settlement of a case I raised against Finance Bank for constructive dismissal, and that payment was in lieu of me withdrawing the case in court and never seeking to resurrect it.”

 

Dr. Rajan Mahtani on April 9, 2014 accepted Simataa’s challenge and said that since the matter is subjudice now, he won’t comment any more regarding this. ‘Matters that are subjudice should be respected until Courts have determined the cases,’ he said. He only said that he would not succumb to threats, extortion, blackmail or publications and that he has a legal and moral obligation to fight ills.