Tag Archives: Dr. Mahtani and Zambia

Dr. Rajan Mahtani Receives Notable Forbes Award.

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Dr. Rajan Mahtani

The year 2022 is ending and after the last two years of horror from the Covid-19 pandemic, the economy and society across the globe are slowly recovering toward normal. One of the critical events that occurred in the year 2022 in Africa was the announcement and presentation of FIN- Forbes ‘Best of Africa’ awards for the year 2021. Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist from Zambia with several decades of business experience, was one of the recipients of these awards.

The Forbes ‘Best of Africa’ awards or the FIN awards are annual awards presented during the (UNGA) United Nations General Award meetings at New York. These awards are presented to highlight the contributions made by business personalities toward building and creating significant global businesses. These businesses have made positive e and far-reaching contributions towards the development of growth of the African sub-continent and for this, the awards are presented. The awards ceremony for the year 2021 was held virtually, via YouTube medium and the members along with awardees remained in the comfort of their local areas.

Dr. Rajan Lekhraj Mahtani was selected for one of these awards. For his contributions to the banking sector of Zambia, Dr. Rajan Mahtani was awarded one of the Forbes ‘Best of Africa’ awards. For his contributions, Dr. Rajan Mahtani received the Forbes ‘Entrepreneur of the year 2021’ award. Members from the prestigious Forbes ‘Business Connect’ presented the awards and Dr. Rajan Mahtani thanked everyone for their honor. Forbes is a prestigious organization known for its several ranks such as ‘Top Businessmen’, ‘Richest Businessmen’, and several others. As such, this award will provide significant international exposure for Dr. Rajan Mahtani. Dr. Mahtani is the founder and Group Chairman of Mahtani Group, one of the top companies in Zambia established in 1981. Dr. Rajan Mahtani is also known for his philanthropic contributions such as Prison Fellowship Zambia and Stephen Malama award and Scholarship for top law graduates in Zambia.

Zambian President’s Decision Receives Significant Support.

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Dr. Rajan Mahtani

Zambia is a developing country facing challenges and opportunities every day. On the one hand, improvements can be seen in the areas of real estate development, economy, and development of public sector institutions and establishments. On the other hand, corruption and unethical practices continue to bring down opportunities. Dr. Rajan Lekhraj Mahtani is a noted businessman, philanthropist, and charity worker from Zambia. For many decades, Dr. Rajan Mahtani has been working towards establishing successful businesses across the Zambian nation. He is known for successful business practices such as Mahtani Group of Companies and Finsbury Investments. Dr. Rajan Mahtani is also known for his philanthropic and charitable contributions. Dr. Rajan Mahtani established the Stephen Malama award and scholarship for top law graduates in Zambia. He is also known for founding the Prison Fellowship Zambia, a noted Christian Outreach Program known for supporting the cause for prisoners across Zambian prisons. The noted outreach program focuses on providing transparent criminal justice, basic human dignity, fundamental human rights, and the opportunity to transform themselves by bringing them closer to the teachings of Jesus Christ.

Dr. Rajan Lekhraj Mahtani, in a recent interview with ‘Mast Newspaper’ extended his full support towards the recent decision made by the Zambian President. On the occasion of Africa Day, President Hakainde Hichilema announced that he is planning to abolish the death penalty row. As per Dr. Rajan Mahtani, it was a welcome move considering the law of death penalty is inhumane, cruel and degrading. As such, Dr. Rajan Mahtani praised the announcement made by the Zambian President and said that only a noble person will have the courage to make such decisions. Dr. Rajan Mahtani, while adding his voice to this announcement, stated that there is a significant difference between making the such a bold announcement and making it a reality. This is due to the significant bureaucracy, corruption and long processes within the government to change an archaic yet old and established law. As such, Prison Fellowship will provide legal and regulatory support to ensure that the announcement sees the light of day.

Zambian President To Abolish Death Penalty, Dr. Rajan Mahtani To Support

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In a recent interview at the ‘Mast Newspaper’ Dr. Rajan Lekhraj Mahtani praised the recent decision from the Zambian President. On the eve of Africa Day, Zambian President Hakainde Hichilema announced his plans to abolish the death penalty. According to the President, the punishment of death penalty is cruel, inhumane and degrading. Supporting this statement, Dr. Rajan Mahtani stated that death penalty is not the solution for the increasing crimes, criminal activities and unethical practices across the nation. Across Zambia, there are more than 380 prisoners awaiting death penalty and among them, around 25-30 are women. These people get up every day with the fear that it might be their last day on this planet. At the same time, Dr. Rajan Lekhraj Mahtani has also stated that he received the privilege of meeting several inmates who have completely devoted themselves to the services of the almighty God.
Dr. Rajan Lekhraj Mahtani is one of the most successful businessman and philanthropist from Zambia and Africa, and one of his major philanthropic achievement has been the Prison Fellowship Zambia. It is a noted Christian Outreach Program that focusses on bringing the gospel and teachings of Jesus Christ to the prisoners, ex-prisoners as well as their families in Zambia. The program also works towards ensuring that the prisoners are not devoid of fundamental human rights and human dignity. Furthermore, the program works towards ensuring transparent criminal justice for all prisoners. As such, the announcement made by the Zambian President is a positive and long-standing goal that Dr. Rajan Mahtani founded Prison Fellowship Zambia wanted to achieve.
Dr. Rajan Lekhraj Mahtani further added his voice to the cause by stating that giving death penalty does not resolve the issue of crimes across the nation. Majority of the prisons across Zambia are in a destitute conditions and the prisoners are already living a difficult life in these prisoners. There is even lack of basic hygiene. As such, the decision from the Zambian President is a step in the right direction.

Dr. Rajan Mahtani Supports President Hakainde’s Decision On Death Penalty Abolishment

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Dr. Rajan Lekhraj Mahtani is a noted businessman, philanthropist and charity worker from Zambia. Recently, Dr. Mahtani extended his full support towards the decision made by the President of Zambia. On the special occasion of the Africa Day, President of Zambia Hakainde Hichilema announced that he is planning to completely abolish the death penalty punishment. According to the President, the punishment of death penalty is cruel, inhumane and degrading. Supporting this statement, Dr. Rajan Mahtani stated that death penalty is not the solution for the increasing crimes, criminal activities and unethical practices across the nation. Across Zambia, there are more than 380 prisoners awaiting death penalty and among them, around 25-30 are women. These people get up every day with the fear that it might be their last day on this planet. At the same time, Dr. Rajan Lekhraj Mahtani has also stated that he received the privilege of meeting several inmates who have completely devoted themselves to the services of the almighty God.

Dr. Rajan Mahtani also stated that several Presidents before the current one refused when it came to signing the execution orders. In most of these cases, the Presidents avoiding giving death penalty execution by using mercy prerogatives. The last execution order in Zambia was given in the year 1997 by President Chiluba. At the same time, several initiatives are being taken towards decongestion of the Zambian Prisons with the release of prisoners who have transformed become well-behaved and law-abiding citizens of Zambia. Dr. Mahtani recalled an incident wherein Vice-President Guy Scott who was the acting President during that time. He visited the Maximum Prison Mukobeko and stated that the conditions were extremely difficult and challenging, like hell on this earth. At the same time, Dr. Rajan Mahtani also stated from the religious point of view that death penalty is against the Bible and teachings of Christianity. Dr. Rajan Mahtani has provided his support towards the decision made by the President Hakainde Hichilema.

Portland Cement Zambia Factory To Remain Under Dr. Mahtani’s Ownership After SC Review

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The year 2020 can easily be described as the most significant year of the century. The year saw an astonishing event wherein a microscopic virus changed the entire course of the essential. Essentially, this global pandemic due to Corona Virus took us five decades back in terms of economy. At the same time, there are individuals and companies who despite everything happening around them are more interested in their own personal endeavours. On the top of this list is the infamous Ventriglia family that has earned the name of the most notorious family in Zambia. Their feud with noted businessmen Dr. Rajan Mahtani is well-known. Dr. Mahtani had to fight for more than a decade to get the legal ownership of the Portland Cement Zambia factory, which was taken over from him in the first place, and that too illegally. After an unfair decision from the Lusaka High Court, Dr. Rajan Mahtani approached the higher Court of Appeal that announced its final decision on 31st January 2019. The case was overseen by justice Mwinde and after looking into the evidences and testimonials, he announced that Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder and legal owner. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares and are the minority shareholders without any legal ownership. Furthermore, justice Mwinde also announced that the amount payable by Finsbury Investments against the majority shares is K580,000 as per legislations.

After more than 1.5 years of the above decision, the Ventriglias once again tried to disrupt the peaceful operations of the factory by registering a claim at the Supreme Court Zambia, challenging the decision from the higher Court of Appeal. However, this appeal was quickly rejected by the Supreme Court judges based on several grounds, including legislative and evidence-based. The judges also confirmed that Dr. Rajan Mahtani is to remain the legal owner of the Portland Cement Zambia factory.

Higher Court Of Appeal’s Decision On Portland Cement Remains Intact With Supreme Court’s Decision

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Since its establishment, Finsbury Investments has made a name for itself with its strategic business operations as well as ethical and transparent business practices. Dr. Rajan Mahtani holds the position of Executive Chairman at Finsbury and is known for his ethical standings and transparent business operations. In the year 2006, a stakeholder meeting was established and Dr. Rajan Mahtani owned Finsbury Investments was officially established at the majority shareholder of Portland Cement with 58 percent shares. This very official stakeholders’ agreement also confirmed the shares ownership of Ventriglias owned Ital Terrazzo Limited which was at 42 percent. This shareholding pattern was agreed upon and accepted by all stakeholders in written consent form. Furthermore, this shareholding change was necessary for Finsbury Investments to be eligible to take loans and financial support from banks and other institutions for completing the construction of the Portland Cement and starting the smooth operations.

However, the illegal and alleged act from the Ventriglias halted everything. After the factory was unethically taken over by the Ventriglias, Dr. Rajan Mahtani fought a legal war for more than a decade at the Lusaka High Court. However, the Lusaka High Court failed to give an authentic and right judgement as political meddling got to the Lusaka HC justice. Within a matter of days, Dr. Rajan Mahtani approached the higher Court of Appeal wherein Justice Mwinde took over the case. After several case proceedings, the final decision from the Court of Appeal came on 31st January 2019. In this decision, the judgement from the Lusaka High Court was reversed and Dr. Mahtani was established as legal owner of the Portland Cement factory.

Be that as may, the Ventriglias tried their luck once more by approaching the Supreme Court Zambia. In their appeal, they challenged the decision from the Court of Appeal. However, this appeal was effectively rejected by the Supreme Court due to legal obligations, circumstantial evidences and lack of support from the Supreme Court judges. As of now, Dr. Mahtani remains the actual owner of the Portland Cement factory.

Challenge By Ventriglias Regarding Portland Cement Fails, Supreme Court Rejects Plea

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Zambezi Portland Cement is a factory in Zambia which has been contested for many decades now. According to the latest decision from the Higher Court of Appeal judge, the factory legally belongs to Dr. Rajan Lekhraj Mahtani.

Few months after this decision from the higher Court of Appeal, the Ventriglias family decided to challenge this decision by taking the case to the Supreme Court of Zambia. In their appeal, Antonio and Manuela Ventriglia cited that the judgement by justice Siavwapa from the higher Court of Appeal was incorrect. In the previous decision from the higher Court of Appeal, it was announced that the Finsbury Investments owned by Dr. Rajan Mahtani holds 58 percent shares of the Zambezi Portland Cement and the Ventriglias’ owned Ital Terrazzo Limited holds 42 percent shares at the factory. Based on this shareholding pattern, it is established that Dr. Rajan Lekhraj Mahtani is the actual owner of the factory. At the same time, the final amount payable to the Ventriglias for the majority shares owned by Finsbury Investments was K580,000. The Ventriglias, in their challenge at the Supreme Court, said that correct payable amount was K580 million.

As of now, a bench comprising of three Supreme Court judges have rejected the appeal from Ventriglias for challenging the decision from the higher Court of Appeal. The bench of judges said that they did not have any jurisdiction on this case and the circumstances associated with the appeal from the Ventriglias were flawed. Furthermore, it was also found that the Ventriglias did not comply with legal regulations when making the appeal. According to law, one has to launch their appeal against any court decision within 14 days of the judgement itself. The final decision from the higher Court of Appeal came on 31st January 2019 and the Ventriglias made this appeal more than a year later. As such, their appeal is legally not valid and the judgement from the higher Court of Appeal is binding for the case.

Dr. Rajan Mahtani Manages To Expose Fake Claims Against Him With Press Statement With Facts

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Dr. Rajan Lekhraj Mahtani differentiates himself from most of the other businessmen in Zambia with his transparent and ethical business practices and true devotion for the welfare of the Zambian society and its people. This devotion is seen in areas of philanthropic and charitable contributions as well as a straightforward and transparent business empire. This can be seen as a major reason behind scrupulous and unethical entities trying to frame him with fake claims and negative rumors. Dr. Rajan Mahtani has been able to win over these rumors almost every time without creating any campaign or response strategies. However, in some situations response strategies become critical for exposing false claims.

During his more than three decades of business experience, Dr. Rajan Mahtani made a number of industry friendships from different spheres and sectors. One of them was Levy Mwanawasa with whom Dr. Rajan Mahtani had a long-lasting and transparent friendship. Dr. Rajan Mahtani’s friendship with Levy Mwanawasa goes way back even before the latter was made the President of Zambia and continued till his early demise. As a result, it was a shocking revelation when it was found that Miriam Mwanawasa made a ludicrous claim against Dr. Rajan Mahtani. In a Facebook post, Miriam Mwanawasa claimed that Dr. Rajan Mahtani intended to take over the land at the Masaiti district owned by the Mwanawasa family. However, this claim was entirely false and as a result, Dr. Rajan Mahtani decided to take action by releasing a press statement.

In this press statement, Dr. Rajan Mahtani clarified that he never made any claims, intentions or requests regarding taking over the said land. He further stated that his friendship with late Ex-President of Zambia Levy Mwanawasa was extremely transparent. At the same time, it was further pointed out that Miriam Mwanawasa did not have any proof or evidence to support her claims. As such, her claims were regarded as baseless and Dr. Rajan Mahtani assured actions against her.

Ownership Of The Cement Manufacturing Factory Confirmed, Its Dr. Rajan Mahtani After Confirmation

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Now that the final verdict has come from the higher Court of Appeal, it is now a known fact that Dr. Rajan Lekhraj Mahtani is the actual and legal owner of the Portland Cement Zambia factory. This decision came on 31st January 2019 after a long battle at the Lusaka High Court as well as the Court of Appeal. Often when cases are not finalised as a district level court or some discrepancies are still found in the decision, the issues are generally taken to the higher courts. Zambia is a developing nation and the higher Court of Appeal is among the highest courts within the nation. As such, it was natural for Dr. Rajan Lekhraj Mahtani to approach the Court after Lusaka High Court gave an extremely controversial judgement.

Justice Mwinde on behalf of the Court of Appeal announced the decision on the Zambezi Portland Cement case. Unlike the Lusaka High Court’s controversial and misdirected decision, the Court of Appeal gave its final decision only after looking into all evidences and testimonials. One of the major evidences was the proof of financial transaction of one billion kwachas or USD 250,000 from Dr. Mahtani owned Finsbury Investments to Zambezi Portland Cement. This amount covered the entire value of the share capital of the Zambezi Portland Cement Limited. While this financial transaction took place in the year 2005, the evidence of this transaction was further found in the original shareholders’ agreement established in the year 2007. In the page number 663 of this original shareholders’ agreement, it is clearly written that Dr. Rajan Mahtani does not owe any further costs associated with the factory. It was also found that all other costs associated with the transaction such as PTT was responsibility of the Vendor.

All these evidences have now clearly established the fact that Dr. Rajan Lekhraj Mahtani is the only legal owner of the factory.

Dr. Rajan Mahtani Not Satisfied With The Lusaka HC judgement, Claims It To Be Misdirected

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Zambia is a comparatively small nation with limited number of industries and businesses. Among then, Dr. Rajan Mahtani has successfully carved out a name for himself with his three decades of business ventures as well as transparent business practices. He is in-charge of the some big organizations in Zambia, including Mahtani Group of Companies and Finsbury Investments. Indeed, even with these fruitful businesses, Dr. Mahtani is attempting to get equity because of the Zambian government. For as far back as ten years, Dr. Rajan Mahtani has been battling a case at the Lusaka High Court. This fight in court is for the responsibility for Cement Zambia, a cement producing organization. Amid this controversy, Dr. Rajan Mahtani and his group of legal counsellors have presented various confirmations and evidences. These confirmations have emphatically settled Dr. Rajan Mahtani’s case. A portion of these archives included consented to investor’s arrangement, money related records and a review report directed on the Portland Cement Zambia by a independent auditor which plainly settled the way that Dr. Mahtani was the sole joint endeavour of the manufacturing plant. Indeed, even with these sensible and solid confirmations, fair justice was never given by the court.

Dr Rajan Mahtani

In any case, the last decision made by the judge was a to a great degree horrifying occasion as the decision was given against Dr. Mahtani’s cases. This is unmistakably an instance of misled judgment from the high court. While this decision is surely a major blow for Dr. Mahtani’s understanding, the case isn’t finished yet. Dr. Rajan Mahtani has now documented a case at the higher court of appeal, requesting that the decision made at the Lusaka High Court was unjustified and ought to at any rate be re-examined by the higher court of advance. Answer is anticipated starting at now. The case at the Lusaka High Court is nowhere near end and Dr. Rajan Mahtani is ready to take the case to higher level of government if needed.