Dr. Mahtani and Finance Bank News | Mahtani Group of Companies

Judgement from the Lusaka HC taken to higher court by Dr. Rajan Mahtani

Zambian law and governance has done it again. Once again, those who are expecting transparent and ethical judgement from the government were defeated. The case pertains to Portland Cement Zambia, a noted cement factory which was established by Dr. Rajan Mahtani. Dr. Mahtani has claimed to be the sole and legal owner of the factory. The factory, which performed absolutely well for a time, went downhill quickly after it was illegally taken over. Even though Dr. Mahtani registered a case at the Lusaka High Court and even though several evidences and documents were shared before the judges during the trial period of ten years, the final verdict for the case was announced just few weeks earlier and even after the final judgment, more questions were raised than answered.

During this trial period, Dr. Rajan Mahtani shared numerous documents and evidences which according to numerous experts were more than enough to prove his legal ownership over the factory. Some of these evidences shared during the course included signed shareholder’s agreement, financial exhibits and investment reports which clearly showcased that Dr. Mahtani has invested more than USD 12 million on the development of the factory. Another critical evidence was the independent audit report conducted by an independent auditor on the factory. According to this report, the factory was established as joint venture and Dr. Rajan Mahtani was the sole joint venture partner of the factory. Even the judge seemed to acknowledge this fact and announced that the case hearing was closed and final judgment was to be given based on the evidence submitted by both parties.

Sadly, the final announcement was a total disaster as it was given without considering the evidences. The judge gave the final verdict against Dr. Mahtani’s claims which was shocking to say the least. As a result, Dr. Mahtani has now taken certain steps and has made an appeal to the higher court of appeal against this judgment.

Final results on Portland Cement Zambia case announced after ten years, Dr. Mahtani dissatisfied

The case of Portland Cement Zambia is age old now. Portland Cement Zambia is a concrete assembling processing plant which was built up by Dr. Rajan Mahtani. Amid his administration, the plant thrived essentially with surplus generation of cement, making it among the higher concrete delivering production lines crosswise over Zambia. The surplus generation likewise brought about better incomes, additionally enhancing the capital of the organization which was specifically exchanged to the compensations and wages for the representatives and labourers which were reliably higher than industry-normal. In that capacity, the manufacturing plant additionally turned into a favoured work environment for a large number of the specialists inside the territory.

Dr. Rajan Mahtani is a prominent entrepreneur, business visionary and humanitarian with over thirty years of business involvement in Zambia. He is additionally the proprietor of a portion of Zambia’s greatest corporate names, for example, Finsbury Investments, Mahtani Group of Companies and Finance Bank Zambia. Dr. Rajan Mahtani has additionally settled various organizations in remote countries, numerous in created countries, for example, United Kingdom and further used his contacts built up connections to acquire outside ventures Zambia. He enrolled the case for the lawful takeover of the industrial facility very nearly 10 years back. From that point forward, the industrial facility has been hauled with no convincing outcomes. In the meantime, this hauling of the case has incurred significant injury on the industrial facility’s profitability. With no particular authority, the manufacturing plant profitability has gone down altogether. Specialists have likewise proposed that if the processing plant not given to its legitimate initiative, resuscitating the manufacturing plant to its unique shape may wind up unimaginable.

According to the shocking last judgment, Dr. Mahtani has lost the case. In any case, all isn’t lost for Dr. Mahtani as he has taken the case to higher court where he has offered against this misled judgment at Lusaka HC.

Malicious, False, Libellous And Defamatory Articles Published About Dr. Rajan Mahtani

London, United Kingdom September 10, 2018

Dr. Rajan Lekhraj Mahtani (popularly known as Dr. Mahtani) is a Zambian businessman and philanthropist and Chairman of the Mahtani Group of Companies. He has business interests across Africa, Europe and Asia. The Mahtani group includes a large number of Companies and has been built into one of the largest conglomorate in Zambia, employing over 3500 personell and funding more than twenty development projects in Zambia, apart from countless charitable and philanthropic initiatives.However, his success has naturally been accompanied by a vicious smear campaign, aimed at maligning Dr. Mahtani’s reputation, by vested interests in Zambia, and supported by persons in America and Europe. It is noteworthy, that Dr. Mahtani filed defamation cases in the State of Arizona and State of Minnesota, USA against such publishers of defamatory articles, including Zambiareports.com. The case was resolved between both parties and Zambiareports removed all such articles as they were malicious, defamatory, libellous, false and without any substance.

It has been brought to our notice that certain articles emanating from the removed Zambiareports articles have been copied, reproduced and/or published by various other websites, individuals and online publications.

At Dr. Mahtani’s behest, his attorneys have reached out to those whose contact information was publicly available, while several others which were posted anonymously, remain in the public domain. To those publishing and posting false allegations, which have been proved to be without substance and deliberately malicious in various Courts of Law in USA, UK, and Zambia, Dr. Mahtani’s USA attorneys Clare Locke LLP , and UK attorneys Gordon Dadds LLP officially advise through their respective letters (attached) Individuals and organization who may which to seek independent clarification may write to them directly. In the absence of which, those indulging in these activities are warned that they do so at their own risk and Dr. Mahtani reserves the right to take appropriate legal action against them.

Dr. Mahtani has worked relentlessly for the upliftment and development of Zambia as a businessman and a philanthropist and has earned an impeccable reputation. He has led numerous businesses in Zambia, Zimbabwe, Malawi, Sierra Leone, Europe and Asia with a primary focus on banking, insurance, property development, financial, manufacturing and investment sectors. His highly successful business and development projects have benefitted the respective Countrys’ economy and improved the standard of living in Zambia and other territories. He holds the importance of integrity, good governance, honesty and lawfulness very dear to him. He takes these false allegations as an attempt to defame and cause harm to not just his businesses, but him personally

Attachments:

1. Letter issued by USA attorneys Clare Locke LLP –https://www.dropbox.com/s/tdz8hamgdva55on/ClareLocke.png?dl=0

2. UK attorneys Gordon Dadds LLP –https://www.dropbox.com/s/sw91sr49tkmehee/Gordan%20Dadds.png?dl=0

Portland Cement Zambia’s Fate Still Hangs In Balance After Court Verdict

Apart from economic development and political stability, the progress of a nation is also determined by its legal policies and practices. Some of the most developed as well as advanced countries across the globe have established high legal and regulatory standards for organisations, industries as well as its citizens. In the same path, developing and emerging nations are also tightening their regulatory and legal frameworks to strengthen their working environment and improving the efficiency of their work.

Sadly, the same cannot be said for the legal system of Zambia, a developing nation from the African continent. It can be easily depicted by the case of Portland Cement Zambia, a high profile corporate case in Zambia which has been dragged at the Lusaka High Court for more than ten years now. The case was registered by Dr. Rajan Lekhraj Mahtani, a famous businessman in Zambia with numerous successful businesses under his name. He has built top Zambian companies such as Mahtani Group of Companies, Finsbury Investment and Finance Bank Zambia. He is also involved in philanthropic and charitable activities. Dr. Mahtani is also famous for his honest and transparent nature as well as ethical business practices, which is why he took the legal and transparent path of registering the case at the Lusaka High Court even though the factory was illegally taken away from him. However, his patience and calm nature has been continuously tested due to the inefficiency of the courts and the legal system within the nation.

The final judgment on the Portland Cement Zambia was announced recently and despite all evidences and strong facts, it was given against Dr. Rajan Mahtani. As a result, Dr. Mahtani was left with no choice than to take action by appealing to the higher court of appeal. This appeal has been made against the judgment given at the Lusaka High Court which has been considered as misdirected by majority.

Even With Final Verdict, Justice Undelivered For Portland Cement Factory, Action Taken

Every time a noble and honest businessman tries to achieve something, there are tens of people coming in his or her path to obstruct the success. These conspirators are either looking for personal profits or are just jealous of someone achieving results by following a honest and truthful path. The case of Portland Cement Zambia in the Republic of Zambia depicts a same story. Dr. Rajan Mahtani is a claimed owner of the factory, according to whom; the factory was illegally taken from him by goons. After this event, he registered a case at the Lusaka High Court. While Dr. Rajan Mahtani had almost all of the evidences to successfully prove his claim over the factory, it has been ten years since the launch of the case and even with the recent announcement of the final judgement, judgement has not been given.

The judge handling the case made an announcement few months back. It was closure of case hearing and final announcement of case results based on the evidence submitted by both parties. While it was positive news for Dr. Mahtani, the final judgment does not resonate the announcement made few months back. Instead, the final verdict being given against Dr. Rajan Mahtani’s claims is a clear indication that the evidences and testimonials submitted by him were clearly ignored and speculations are that the judgement was misdirected. This was certainly devastating news for Dr. Mahtani and his lawyers who were positively expecting winning news from the court. However, Dr. Rajan Mahtani is not the type of person who gets dejected and has shown courage and patience with his next step. After the final announcement, Dr. Rajan Mahtani quickly made an appeal to the higher court of appeal against the judgment made at the Lusaka High Court.

As of now, reply is awaited from the higher court of appeal.

The Latest Verdict On Portland Cement Zambia Does Not Provide Any Justice

The final verdict on the long-awaited Portland Cement Zambia factory is a clear indication of the evident shortcomings and challenges of the Zambia law making institutions. After almost 10 years of wait with numerous trials and submission of factual evidences, the final verdict is nowhere close to justice. These ups and downs in the case are not only affecting the factory’s performance but also the people associated with it, Dr. Rajan Mahtani.

Dr. Rajan Mahtani is one of the most famous business personalities in Zambia with numerous successful business ventures under his name. Some of his companies which have secured top positions in their respective industries are Finance Bank Zambia, Mahtani Group of Companies and Finsbury Investments. Majority of these companies are also known for their focus towards the underdeveloped sections of the society. However, all these positive contributions to the society and the nation will go into vain if Dr. Mahtani is not able to perform his day-to-day tasks in peace. This is what is happening at present. Due to the commitments associated with the case which is being dragged for almost ten years as well as the related pressures from conspirators and general media, Dr. Rajan Mahtani has not been able to provide his 100 percent to his companies. At the same time, Portland Cement Zambia has suffered dramatically since the start of the case for its legal takeover, as Dr. Mahtani has not been able to lead the factory or take care in any way. All these factors are essential costing the economy of the nation.

The final verdict was recently announced by the judge overseeing the case and even then Dr. Mahtani did not get any relief as it was given against his claims. As of now, Dr. Rajan Mahtani has appealed to the higher court of appeal against this judgment at the Lusaka High Court and is expecting a reply from the senior authorities regarding this matter.

Dr. Rajan Mahtani Further Launches Protest By Appealing To The Higher Court Of Zambia

Dr. Rajan Mahtani has been fighting a case at the Lusaka High Court for the legal takeover of his factory, Portland Cement Zambia. He is a noted businessman, social worker and philanthropist. While the final verdict for the case was announced a few weeks back, it was shocking and further actions have been taken now.

Dr. Rajan Mahtani started the Portland Cement Zambia factory long back and was also in the leadership position for a while. During his leadership, the factory flourished with production above expected. This was seen in the above-industry average wages and salaries and attracted employees and workers from far-off places. However, the condition of the factory has been disappointing since its takeover. Without effective leadership, the factory assets are corroding and half of the employees have already left the company. Also, the production has reduced to a minimum and the factory is in the brink of collapse. It is safe to say that the fate of the hands is now at the hands of the court and the decision.

While all these evidences were sufficient enough to prove Dr. Rajan Mahtani’s claims over the legal ownership at the factory, the final judgment given by the Lusaka High Court judge was shocking to say at least. The final judgment was given against Dr. Rajan Mahtani’s claim. It was a shocking event, given the judge’s quick succession of the case and also positive moves to quickly wrap-up the case. It is a clear case of misdirected judgment and a major disappointment for Dr. Mahtani, who has been patiently waiting for the judgement for over ten years. However, Dr. Rajan Mahtani took the right step immediately after this misdirected judgment by appealing to the higher court of Zambia. In his appeal, Dr. Mahtani has claimed that the final verdict given by the Lusaka High Court judge was skewed and has demanded actions from the higher court of justice.

The New Verdict Announced By Lusaka High Court Upsets Dr. Mahtani And Zambia

The case of Portland Cement Zambia has been running for almost a decade without any conclusion. It is for the legal takeover of the bank. The case was registered by Dr. Rajan Mahtani, a noted businessman, entrepreneur and social work. He is also known for his charitable activities. Dr. Rajan Mahtani has remained a successful businessman since the start of his entrepreneurial journey. Some of his companies such as Finance Bank Zambia, Mahtani Group of Companies and Finsbury Investments have not been reached greats heights in terms of revenue, earnings and profitability, but have also established their name as institutions for the common people of Zambia, helping them in many different ways. Furthermore, his companies outside of Zambia such as across United Kingdom and his international contacts have helped him in bringing significant foreign investments within Zambia, further improving the nation’s economy. Dr. Rajan Mahtani is also famous for his clean and honest image and always looking out to help friends and those in need.

It was therefore shocking when claims were made about him taking over a company illegally, when the truth is other way round. Dr. Rajan Mahtani launched the case at the Lusaka High Court as he did not want to resort to illegal practices such as using goons or other ways to reclaim his factory. Even though he knew that the legal path will be difficult and long considering the current state of the legal and government system, he always stayed in the right path. However, it is true that those who are truthful and honest have to suffer the most. It has been a decade since the case was registered at the court.

Even after this time, the final judgment did not provide peace to anyone. The final verdict was given against Dr. Rajan Mahtani’s claims, even though almost all evidences submitted by him pointed otherwise. As such, Dr. Rajan Mahtani has now appealed to the ‘higher court of Zambia’

Final Verdict On Portland Cement Zambia Shocks Dr. Mahtani And His Supporters

Portland Cement Zambia case is a case which every Zambian associated with its corporate world will have some information about. The case pertains to a cement-manufacturing company which was once under the leadership of Dr. Rajan Mahtani, a noted businessman and industrialist in Zambia. He is also an avid philanthropist and charity worker and has contributed to numerous community-based and environmental organizations across the nation. Apart from that, his business connections outside of Zambia have also helped in bringing significant foreign investments in Zambia. Despite these achievements, Dr. Mahtani is seen as a grounded and ethical business person.

Perhaps his transparent and ethical business practices has given him many conspirators who are either jealous of his rising popularity among citizens and industries as well as his business successes. Despite these conspiracies, Dr. Mahtani has never engaged in any activity which might harm his clean image and his ethical business stance. This is the reason Dr. Rajan Mahtani opted to register a case at the Lusaka High Court after his company, Portland Cement Zambia, was illegally taken over from him. Despite facing several hardships and long-pendency of the case at the Lusaka High Court, Dr. Mahtani has always shown faith in the Zambian law and governance. The case also made many positive stances, the most notable one was the announcement by the judge that the case hearing is closed and final judgment will be made based on the evidences submitted by both parties. It was a positive move by the court and significant news for Dr. Mahtani as his evidences and documents were more than enough to prove his rightful ownership.

However, things have taken a u-turn since the final verdict made by the judge. Despite the evidences suggesting Dr. Mahtani’s legal ownership, the final judgment was made against his claims. As such, Dr. Mahtani has now approached the higher court of appeal and made another case against the judgment made at the Lusaka High court.

Final Verdict Announced By Lusaka High Court On Portland Cement

The Lusaka High Court is among the few high courts in Zambia, established under the nation’s law and governance. The high court has been dealing with the case of Portland Cement Zambia for almost ten years. The case was first registered by Dr. Rajan Mahtani after the factory was illegally taken over from him. Dr. Rajan Mahtani is a noted businessman, philanthropist and charity worker in Zambia. Some of the company which he started from scratch and took to greater heights are Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. Even after his significant contributions and commitment towards the country and its people, he is always conspired by people who are jealous or him or wants to gain personal profits from him.

The legal system and governance of Zambia is not supportive either. The case is being dragged for almost a decade and even after submitting numerous evidences and documents, the court has not been able to provide justice for Dr. Rajan Mahtani. During the trials for the case, Dr. Mahtani and his lawyers submitted numerous documents that sufficiently prove his legal ownership over the factory. These documents were signed shareholder’s agreement, financial exhibits, documents proving his investments of USD 12 million in the factory as well as independent report which assets the fact that the factory was a joint venture establishment and Dr. Rajan Mahtani is the sole joint- venture partner with highest shareholdings. Even expert opinions on this case iterated that Dr. Mahtani’s chances of winning are much higher compared to other party.

While this was good news for Dr. Mahtani and his lawyers, the final verdict presented itself in an entirely different manner. The judge announced the final verdict against Dr. Mahtani’s claims which was shocking. As a result, Dr. Mahtani has now approached the higher court of Zambia to make his appeal against the misdirected judgment at the Lusaka High Court.