Prominent Zambian Legal Counsellors Caught In Money Laundering Scheme

As per the latest news update by FIC (Financial Intelligence Centre), some of the prominent lawyers and legal counselors across Zambia have been caught in illegal money laundering scheme. FIC provides intelligence related to financial matters across the nation and its latest revelation has shocked the nation. With this revelation, FIC also released a list of names of some noted figures suspected of money laundering. This list comprises of political figures, owners of law firms, top legal counselors as well as government contractors. It is suspected that majority of these individuals or groups had some kind of political support as a result of which, they were able to escape law and government scrutiny for too long.

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Dr. Mahtani & Finsbury Investment Optimistic As Lusaka High Court Nears Final Judgment

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Illicit Money Laundering Cartel Discovered, Prominent Lawyers Involved

Money laundering is a criminal activity, especially when done illegally and the source of money is unlawful. The FIC (Financial Intelligence Centre), an intelligence bureau from Zambia recently unearthed a mass money-laundering racket involving prominent lawyers from Zambia. This is a huge revelation in Zambia’s corruption history because the number of high-profile individuals involved in this racket is huge.

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Simaata Loses Case At The Highest Court Of Zambia, The Supreme Court

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.

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Trouble Between Finance Bank Zambia Employees And Its New Employer

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.

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The Future for Zambezi Portland Cement Factory is Uncertain

Being in a continent that has been struggling economically, Zambian has often been described as a nation that is striving harder and pushing itself towards the path of growth and development. In order to create a positive future, Zambia has been focussing on its infrastructure and core productions. In this scenario, the Zambezi Portland Cement Factory has been a significant contributor in terms of Zambian infrastructure and employment. Dr. Rajan Mahtani is the present owner of the factory that involves in mass production of cement in Zambia.

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Year 2014 was a significant year for the Dr. Mahtani’s cement factory as it successfully enhanced its total daily cement production by 200 tonnes daily. The factory’s previous record was producing 1100 tonnes of cement per day. On the other hand, the newly established output is allowing the factory to produce 1300 tonnes of cement on a daily basis. Apart from the above developments, ZPCF has also volunteered in the 2014 Ndola Housing Project by offering cement produced from its factory. The project itself was of significance as it offered 130 modern housing complexes with various new-age facilities such as twin-bedroom options, better sanitation facilities, hygienic surrounding environment and also a clean neighbourhood. All of these were provided to the occupants without.

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At present, Dr. Rajan Mahtani, ZPCF’s owner has taken some exhaustive initiatives for the plan and for this; it needs to prepare itself strong. Zambian nationals are expecting the plant to be the pioneer in infrastructure development across Zambia and bring positive changes through expansion and growth.  The new year 2015 will be of great significant for the Portland Cement Factory and it is hoped that Dr. Mahtani will successfully emerge as a winner in this market with stiff competition.

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**Update**

On April 7, 2015, the management of the Zambezi Portland Cement Factory was forcefully taken over by the Ventriglia family with the help of bandit goons. Since then, working conditions in the factory has degraded and the workers are not getting paid.

Welcoming the New Year with Dr. Rajan Mahtani

It is the beginning of a New Year and more importantly, it is the beginning of a new hope for Zambia. Dr. Rajan Mahtani, Chairman of Finance Bank Zambia  has already made a huge impact in the recent past as his bank is now listed on the Lusaka Stock Exchange and expecting to commence its share trade operations from the first quarter of 2015.

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The year 2015 has a lot to unfold. This year can be the key year in writing down a historic success for the Finance Bank of Zambia. As per a press conference arranged in November 2014, Dr. Rajan Mahtani did show an interest in the London Stock Exchange. According to his words, FBZ is also looking forward to have itself listing on the Alternate Investment Market of the London’s Stock Exchange. If this event takes place, then this would be one of the most remarkable achievements in the economy of Zambia.

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The fate of Zambia largely depends upon the success of its core banking unit. The involvement of financial reforms will allow Zambia to foster its rate of development and create a channel whereby its domestic infrastructure can be improved. Finance Bank of Zambia is one of the core banking units in Zambia and its development and expansion activities will play a major role in 2015.

Saying goodbye to 2014 with Rajan Mahtani

The year 2014 is finally coming to an end in the month of December. During the past twelve months, there were numerous events in Zambia that unified its people and brought them closer for a particular cause. Dr. Rajan Mahtani, the Finance Bank Chairman, has played the role of a pioneer for Zambia in these twelve months as he took the initiative of fighting against wrong doers and preserving the interest of his motherland, Zambia.

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The year started with random allegations on Dr. Rajan Mahtani from a group of conspirators. Though the identity of these conspirators still remains concealed, involvement of Zambia Reports in defaming Dr. Mahtani has come out as clear evidence. The lawyer of Dr. Mahtani has already filed a case on account of defamation and the hearing remains due at the Lusaka High Court. On the other hand, the year also witnessed one of the most heartbreaking news in the form of Michael Sata’s demise. One of the closest of Dr. Rajan Mahtani and the former President of Zambia left this world in the month of October-November.

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However, there were also certain events which gave the people of Zambia a chance to smile. Dr. Rajan Mahtani offered the veterans of war with an account credited with K 50, 000 for the purpose of meeting their personal requirements. Additionally, Finance Bank of Zambia was given a green signal to start its operations in Malawi.

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The year 2014 was a year with mixed emotions where Zambia had certain reasons to mourn and some reasons to celebrate.  With a hope for a prosperous future, Zambia and Dr. Rajan Mahtani will now enter 2015.

Malawi welcomes its first Finance bank in the city

The year 2014 has seen many ups and downs for Dr. Rajan Mahtani. However Mr. Mahtani, who is the present chairman of the Zambia Finance Bank, made two important announcements via a notable press conference. In the first major announcement, it was revealed that FBZ has been transformed from a private to public limited organisation. The second major announcement was the launch of FBZ in Malawi.

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The target date for the launch of FBZ’s operations in Malawi has been set to be 15th December 2014. Also, Malawi’s capital city Lilongwe has been chosen as the first base. This huge development has been made successful as a result of the long-enduring discussion between Malawi government and Rajan Mahtani taking over a span of several months. As the new operations are finalized, the major objective will be to ensure a smooth process as well as successful growth over the years. FBZ has successfully gained the repute of an apex bank concentrating on educational programs and providing financial help for other developmental programs. Zambezi Portland Cement factory’s success can also be credited to the Finance bank’s contribution and hence it can be rightly said that Finance Bank of Zambia has been serving a continuing financial source for majority of developmental projects across Zambia.

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While Malawi is not going to be a cake walk for Rajan Mahtani new and bold initiative, Mahtani has happily taken up the challenge and is also ready to abide by each and every law of the nation. FBZ’s test for vitality and dynamism will unfold with this new chapter of development and expansion plan.

Rajan Mahtani vows to complete Sata’s dream

In a conference held in late November 2014, Finance Bank Chairman, Rajan Mahtani mourned for Michael Sata as his loss for Zambia was priceless. Sata was not only a man of high principles, but also a visionary who had seen Zambia as a developing nation in years to come. However, with the sad demise of Sata, the whole mission was left in half way. Rajan Mahtani, a believer of Sata’s dream and his close friend took the initiative of continuing with his project and give it a shape.

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As per the statement of the Finance Bank Zambia Chairman, Rajan Mahtani, his bank is soon going to begin share trade on the Lusaka Stock Exchange. The company has already been listed and is likely to start its operation of share trade from the first quarter of 2015. In the meantime, the long negotiation with Malawi Government has finally been settled and Finance Bank of Zambia will start its operations in Lilongwe, the capital city of Malawi from December 15, 2014. With the spree of developments in Zambia, it looks evident that Rajan Mahtani is all set to fulfil Sata’s dream by strengthening the economy and promoting healthy developmental plans for Zambia and nearby nations.

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In his speech, Rajan Lekhraj Mahtani also mentioned his interest to get his bank listed on the London Stock Exchange’s Alternative Investment Market (AIM) whereby his bank would enjoy the benefits of dual listing. The Finance Bank of Zambia will float 25% of its shares with a view to raise US $250 million and has converted in to a public limited company.