If one goes by the popular opinion of the market, Dr. Rajan Mahtani owned Finsbury Investments is going to win the case of Zambezi Portland Cement. The case was launched by Dr. Mahtani almost nine years back, when his factory was illegally captured by the Ventriglias. Since then, the case has been going on non-stop at the Lusaka High Court.
The Lusaka High Court of Zambia gave new hope to Zambezi Portland Cement and those legally associated with it. The cement factory has been suffering badly as a result of the ongoing war between Dr. Rajan Mahtani owned Finsbury Investments Limited and Ital Terrazzo Limited, a company with the Ventriglias as the sole beneficiary. The company was previously in ownership of Dr. Rajan Mahtani where it flourished. After that, it was forcefully taken over by the Ventriglias who claim that the factory is their own property.
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.
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.
Zambia has come a long way from being an underdeveloped nation. It is growing as a fast rate, showing signs of development in its economy and society. It has been possible with the dedication of government as well as individuals and entities that think of the nation first before their profits. Dr. Rajan Mahtani can be easily considered as among these businessmen. His institutions like Finance Bank Zambia and Portland Cement have not only provided employment opportunities for hundreds of people, but also helped in improving the economy of various provinces. Among these, Finance Bank Zambia is known to be one of the most respected banks across Zambia, with a clean and highly reputable image.
Dr. Rajan Lekhraj Mahtani is a respected and celebrated businessman. He is also known for his charitable acts. His organizations such as Finance Bank Zambia & Portland Cement are examples of his dedication towards the upliftment of the society and improving the economic strata. Finance Bank Zambia is one of the most respected as premier banks in Zambia. The bank has gained its reputation over the years for working for people and common people of the society. However, there are times even when the cleanest bank can be trapped under false stories and negative reputation.
Individuals who evade law and involve in unlawful practices for personal gains cannot escape judgment for long. Sooner or later, law catches up to them. It is the same case with Simaata Simaata, the former employee of Finance Bank Zambia and an open critic. Not only did Simaata broke law by involving in various unlawful practices during his stint at the Finance Bank Zambia, but he also led to reputational damage for the bank as well as Dr. Rajan Mahtani, the founder of the bank. It is no doubt that the judgement of Supreme Court that announced Simaata as guilty, was a welcome move and was appreciated by the industrialists as well as the common people alike.
It is that time of the decade when the conspirators of Dr. Rajan Mahtani & Finance Bank are realizing their mistakes of constantly agonizing him and his associations. Those days are gone when conspirators had the ability to walk away easily after committing unlawful practices. With the law and government gaining strength, more and more lawmakers are tracking down people who have been evading for many years. The recent win by Finance Bank over Simaata Simaata is a clear instance that the law and order cannot be sold anymore. Entities have been plotting against Dr. Mahtani and trying to ruin his image by using scrupulous & illegal methods for a long time. However, the time has turned and it is these conspirators who are receiving the lesson for their illegal activities. It can be said that Dr. Mahtani is finally receiving the fruits for his unlimited patience.
The latest attempt by Simaata Simaata to defame the reputation of Finance Bank & Dr. Rajan Mahtani failed miserably. Simaata, on his own will, broke the terms of the agreement that he signed with Finance Bank. In response, Finance Bank sued Simaata at the Supreme Court of Zambia, the highest court of the country. This time, Simaata was successfully found guilty of the charges against him. Finance Bank and Dr. Rajan Mahtani took the breadth of relief after a long time, as the misconducts from Simaata had increased to an unprecedented level.