Tag Archives: Dr. Rajan Mahtani And Finance Bank

Dr. Rajan Mahtani Contributes To Educational Platform, Students Than Via News Release

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Dr. Rajan Mahtani is among the most transparent and ethical businessmen in Zambia. He is known for his noted businesses and ventures as well as his penchant for transparency, ethical and honest business practices. Apart from these, Dr. Rajan Mahtani has also established a positive reputation around himself for his philanthropic and charitable activities. Since his early successes, Dr. Rajan Mahtani has been contributing towards the social and economic development of the Zambian nation. At the same time, Dr. Rajan Mahtani is known to expose all those who engage in unethical and illegal practices and has never associated himself with such scrupulous individuals and groups. As such, several newspaper articles, news media and other groups continue to create negative reputation campaigns against Dr. Rajan Mahtani but these campaign are most of the times invalid, fake and are rejected by the media and general people.

On the other hand, Dr. Rajan Mahtani rarely shares or highlights his own philanthropic and charitable activities and these are known to general people only when his contributions are shared by independent newspapers and writers. Recently, Dr. Rajan Mahtani was praised for his philanthropic contributions to the educational sector of Zambia. Dr. Rajan Mahtani via his company Finance Bank Zambia had launched an educational award in 2013. This award is named as Steven Malama Award and it is given every year to the best graduating student from the ZIALE (Zambia Institute of Advanced Legal Education). The best graduating student also clears Bar in his/her first attempt and this honourable award celebrates the passion and dedication of the student. The award for the year 2018-19 went to Emmanuel Bwalya Kaluba who expressed his gratitude towards Dr. Rajan Mahtani by penning his thoughts and sharing it with the Daily Mail. In this newspaper article, Emmanuel also thanked Dr. Mahtani for his personal congratulations letter for his significant achievement as well as shared his gratitude for the huge award money of K15,000 which the topper student receives every year.

Dr. Rajan Mahtani Thrashes Unethical Claims Shared On Social Media

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Dr. Mahtani’s business and corporate life has been full of ups and downs. One of the major reasons behind this is Dr. Mahtani’s strict adherence to transparent, honest and ethical business practices. In a nation full of corrupt politicians, legal authorities and businesses, Dr. Mahtani has made a unique name for himself with his transparent business practices. Despite having friendly network with big names in the Zambian political and economic sphere, there has not been even a single evidence of political or business lobbying or unethical favours from Dr. Mahtani or any of his businesses. This transparent and ethical nature of Dr. Mahtani can be easily seen from the fact that he had to fight across two different courts for more than a decade in the Portland Cement Zambia case for getting justice.

Business success provides individuals with the opportunity of networking with powerful people as well as individuals and houses with big names. In his successful business journey, Dr. Mahtani made a positive impression on numerous political figures of Zambia and even had a positive working relationship with the previous president of Zambia, Levy Mwanawasa. Even after the sad demise of the Zambia’s former president, Dr. Mahtani has always remained friendly and supportive of the family. However, a new story started to make round in social media during the mid-2019.

Miriam, daughter of late president of Zambia Levy Mwanawasa, recently made a claim that Dr. Rajan Mahtani wanted to inherit her farm situated at the Masaiti District at Copperbelt Province. While this claim seems outrageous, immediate attention was given to the fact that the claim was made on a social media platform, Facebook. On top of that, there were no evidence or attachments to support her claim. This quickly suggested that the claim made was invalid. However, outrageous claims like these certainly image the image of notable businessmen in a negative manner and as a result, Dr. Mahtani has made it clear that he will take appropriate actions against this unethical behaviour.

Dr. Mahtani’s Next Challenge After Winning Portland Cement Case Is To Revive The Factory

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The path to winning the Portland Cement Zambia case was not easy. Dr. Rajan Mahtani worked for more than a decade for achieving the rightful ownership of the cement factory. Despite several attempts to get back ownership of the factory, Dr. Mahtani never received justice majorly due to the shortcomings and challenges of the Zambian legal and judiciary system. For instance, Dr. Rajan Mahtani possessed all evidences, facts and testimonials to prove his point and despite this, the judge at the Lusaka High Court failed to provide the right judgement for the businessman. The decision went for the Ventriglias and was totally controversial.

Not getting down by these controversial decisions, Dr. Rajan Mahtani rightly approached the higher Court of Appeal. The judgement at Court of Appeal was swift and transparent and was given after looking into all evidences and testimonials submitted. For instance, it was found that Dr. Mahtani paid one billion kwachas for getting majority shareholding by owning 58 percent Portland Cement shares. Furthermore, the evidences also confirmed that this shareholding pattern was accepted by all shareholders of the factory and it was also confirmed that Dr. Rajan Mahtani did not own any further payments associated with the factory. Based on all these evidences, it is now confirmed that Dr. Rajan Mahtani is the actual owner of the factory.

Several other details were shared by the higher Court of Appeal judge which further exposed the wrongdoings of the previous judge and the inability of the Zambian justice system which is responsible for the challenges faced by honest and ethical businessmen like Dr. Rajan Lekhraj Mahtani. It was found that the process of electronically affixing signatures for business transactions was a common practice at the Zambezi Portland Cement. Being an acceptable practice, it was also found that Claudio Ventriglia, a critical member of the Ventriglias family, engaged in similar practice. As such, all forgery related allegations were found to be baseless and were discarded by the judge.

Dr. Rajan Mahtani And Finance Bank Emerge As Clear Winners

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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.

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