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.
For the past few days, there has not been any big defamatory campaign or negative media regarding Dr. Mahtani or his associate firms. The reason can be attributed to his recent win over Simaata Simaata at the Supreme Court of Zambia. This win has certainly made most of his conspirators cautious of the risks. Before publishing any fake news or defamatory campaigns, conspirators will now have to check the risks of backfiring from media, general people as well as courts.
Any individual or entity evading the law or involving in unlawful practices cannot escape law for long. The same has happened with disgruntled Finance Bank ex-employee Simaata Simaata. Finance Bank and Dr. Mahtani took this case that was previously filed with the High Court. After the High Court gave decision in Simaata’s favour, FBZ re-established the case, this time with Supreme Court. Needless to say, the judgement of the SC is a national news and known to everyone. Simaata was found accountable for violating the terms of the agreement. He violated these terms in-spite of receiving a good amount for keeping the contract. Continue reading →
Gone are the days when conspirators could easily walk away with crimes. Truth eventually comes out and those on the right side of it survive. The recent judgement by the SCZ (Supreme Court of Zambia) is a supreme example that nobody can escape the justice. Conspirators of Dr. Rajan Mahtani have been trying to defame him for decades using illegal and scrupulous methods. However, Dr. Rajan Mahtani never used his power to teach them a lesson. Instead, the noted businessmen waited for the law and justice to take actions. The fruits of his patience have been bearded.