The case concerning Zambezi Portland Cement has been going on for a long time now. It has been more than nine years since the case was launched by Dr. Rajan Mahtani, the owner of the Finsbury Investments Limited. It was launched against the Ventriglias who were charged for illegally taking over the Zambezi Portland Cement factory. The case was taken to the Lusaka High Court.
The LSC (Lusaka High Court) recently concluded the shareholding hearing case of Dr. Rajan Mahtani owned Zambezi Portland. The case involved Rajan Mahtani, Chairperson of the Finsbury Investment Limited and The Ventriglia Family, including Antonio Ventriglia & Manuela Ventriglia. This case involved ownership of the ZPC (Zambezi Portland Cement). While the hearing was concluded, the judgment day for this case is still not allocated.
Dr. Rajan Mahtani is a noted business personality in Zambia. His businesses are known not only in the country but also across various foreign nations such as the United Kingdom. He is also among those few who have successfully brought foreign investments in Zambia. In spite of his various contributions to the nation, he is often the target of various conspiracies. These conspiracies are developed by individuals and entities that have grown jealous of Dr. Mahtani’s accomplishments and want to see his reputation ruin. As a result, various new conspiracy theories and news items can be seen making news across media channels and websites.
Conspiracies against businessman and industrialists are not new. The issue is age-old and continues to hinder or degrade the progress across a countries economic and social growth and development. Most of the times, the major victims are the common people who are at the mercy of the governments and law and order. The people of Zambia are also facing similar situations. Lack of proper scrutiny by the government have increased the confidence of conspirators who are essentially bullies and only care to make profits or satisfy their personal gains by attacking honest businessmen like Dr. Rajan Mahtani.
The term ‘reputation’ is synonymous with long-term growth and survival. Reputation is an important criterion for success, whether it is for an organization or an individual. It has been seen that big businesses have failed when their reputation go down. At the same time, good reputation can also bring back individuals and organizations who have suffered losses. The same benefit was received by Finance Bank Zambia. The bank, even after suffering losses due to negative reputation, was able to bounce back and continue its operations with profitability.
Finance Bank Zambia, which was once a sprawling and growing bank in Zambia, is suffering from a series of troubles now. The bank was established by Dr. Rajan Lekhraj Mahtani, one of the premium businessmen in Zambia. During his leadership, Finance Bank saw exponential leadership and was able to take Finance Bank to new heights. After the bank reached a well-established position, it was given to another entity for management so that Dr. Mahtani can focus on his other new ventures and take them to the same level of growth and development. However, the new leadership turned out to be not as effective as the previous one.
Conspiracies in Zambia are not new. It has been seen that every time a successful business is established, it is continuously targeted by scrupulous elements of the society. Dr. Mahtani has successfully established businesses in Zambia with hard work and dedicated. His businesses have been spread not only in Zambia but also across other nations like the United Kingdom. His companies such as Finance Bank Zambia are noted across the nation for improving the economic status of various communities. At the same time, his reputation is repeatedly question by conspirators fed on jealousy and hatred.
The conspirators of honest businessman like Dr. Rajan Mahtani have created perfect circumstances for them by using paid media channels and goons to bent things their way. However, the biggest victims in these situations are the common people of Zambia. These people, who are not aware of the insider factors happening within the industries, are constantly bombarded with controversial and contradictory news, creating confusion and disruption. At one hand, they are well aware of the positive contributions made by Dr. Rajan Mahtani and his associations have made towards the economy and social upliftment of Zambia. On the other hand, there are frequent news and defamation campaigns accusing him of fraud and other activities. These campaigns have certainly disrupted the normal day-to-day activities of the general people of Zambia.
The recent case launched against Simaata by Finance Bank Zambia had the entire country in surprise. While majority of the people were happy to see Finance Bank taking action against its conspirators, there were also a few bunch of supporters of Simaata who condemned the actions. These are probably the same individuals and entities who want to see Dr. Rajan Mahtani’s businesses and reputation collapse and has been responsible for spreading negative stories and false rumors about Dr. Mahtani as well as his associations.
Nowadays, it has become an extremely suitable strategy for people for shift attention towards others when they find themselves in compromising situations. Take the example of Simaata Simaata, one of the most notorious personalities across Zambia. Simaata was once employed with Finance Bank Zambia. However, his continued involved in various unethical practices even after various warnings from the bank lead to his ouster. Instead of focussing on changing his habits and focussing on becoming a better individual, he started spreading rumors regarding the bank at started damaging the reputation of the bank.