Author Archives: DRMZambia

Dr. Rajan Mahtani Claims that Judgment by Lusaka HC Judge Misdirected, Moves Court

July 9, 2018 by DRMZambia
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The case of Portland Cement Zambia can be easily considered as among the strangest in its history. While the case was registered almost a decade back, no judge has been able to make final and correct judgment. The Portland Cement Zambia is a cement manufacturing company which was once among the highest producers of cement across the nation. It was also among the best employers in the manufacturing and industrial sector, providing above-industry wages and salaries. However, the current condition of the factory is pathetic Continue reading →

Dr. Rajan Mahtani Re-appeals to Higher Court After Portland Cement Zambia Verdict

July 3, 2018 by DRMZambia
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The case of Portland Cement Zambia has been going on for years. It is the cement manufacturing factory in Zambia for which Dr. Rajan Mahtani registered a case at the Lusaka High Court almost 10 years back. However, several limitations and shortcomings of the court as well as the government resulted in the case stretching for almost a decade. The latest judge handling the Portland Cement Zambia case was Mr. Nkonde. He previously made an announcement that the case hearing was closed and both parties Continue reading →

Dr. Mahtani Appeals Against the Misjudgement by Lusaka High Court Judge

June 20, 2018 by DRMZambia
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The case of Zambezi Portland Cement is known to almost everyone in Zambia, at least those associated with its corporate and industry culture. After the factory was taken over by the Ventriglias, Dr. Rajan Mahtani registered as case at the Lusaka High Court claiming that the factory was illegally taken over by the Ventriglias. On the other hand, the Ventriglias claimed that Dr. Mahtani did not pay for the shares he owned at the cement factory. The major difference better these two sides was the Continue reading →

Contribution from Dr. Mahtani helps in the successful completion of African Summit 2017

June 15, 2018 by DRMZambia
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It is true that the prosperity of a nation is largely dependent on the government’s ability improve conditions such as employment and economic growth. At the same time, it is also true that the corporate world, industries and related sectors have a large role to play in the economic growth of the nation. The corporate giants and the individuals associated with it are therefore, regularly involved in CSR (corporate social responsibility) and related activities that create a sustainable environment and give the community back. The Continue reading →

Billions of Money Looted in One of the Biggest Money Laundering Schemes in Zambia

June 13, 2018 by DRMZambia
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Industrialists, as well as economies, are extremely worried about the economic and social development of the nation, especially after the recent news of mass money laundering scheme undergoing in Zambia. Financial Intelligence Agency is the agency which investigated and brought the news. FIC is an intelligence agency expertise in financial fraud detection. Unauthorised cash transactions and illegal money laundering schemes were discovered by the agency, accounting for more than USD 1.5 billion worth of money. The investigation was started by FIC after observing numerous unaccounted Continue reading →

Zambian Government Needs to Show its Strength After the Money Laundering Heist

June 11, 2018 by DRMZambia
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The recent news of money laundering has certainly created a stir across the nation. The news was released by Financial Intelligence Centre, an intelligence agency looking into financial crimes. After months of investigation, the FIC released a list of names of individuals who have been accused of laundering money. Along with this, the FIC also released a report on mass money laundering activities going on within the nation. According to the report, this money laundering act has galloped more than USD 1.5 billion dollars of Continue reading →

Lawyers and Legal Counsellors Named in Money Laundering List, Sakwiba Sikota Involved

May 25, 2018 by DRMZambia
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The FIC recently revealed shocking news of money laundering and involvement of top lawyers, legal counsellors, government officials as well as some of the ministers of the Zambian government in this money laundering list. This is one of the biggest money laundering busts by the FIC, considering the amount of money as well as the number of individuals involved in this bust. John Kasanga is the present acting Director of the FIC, and shared some interesting news along with the scheme. More than USD 1 Continue reading →

Sakwiba Sikota is the List of Names Caught in Mass Money Laundering

May 17, 2018 by DRMZambia
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Citizens of Zambia received shocking news few weeks earlier when Financial Intelligence Centre, a noted financial investigation agency, released a list of names in what came to be one of the biggest mass money laundering case. As per the list, more than USD 1.5 billion worth of money is lost in this money laundering scheme. The most outrageous news that came along with this money laundering heist was the involvement of top lawyers, legal counsellors, government officials and even some ministers working with the Zambian Continue reading →

Portland Cement Zambia Results to be Announced Soon, New Judge Confirms

May 14, 2018 by DRMZambia
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The new judge overseeing the case of Portland Cement Zambia at the Lusaka High Court recently made a new announcement, which was extremely positive for Dr. Rajan Mahtani and negative for the Ventriglias. As per the news, the case hearing has been closed and both parties have been asked to submit their evidences and testimonials in written and oral format. While Dr. Rajan Mahtani and his lawyers have numerous strong evidences to support their arguments, the same cannot be said for the Ventriglias. The case Continue reading →

Sakwiba Sikota and Many Top Lawyers Accused of Laundering Money in Zambia

May 4, 2018 by DRMZambia
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Financial Intelligence Centre recently revealed a big money laundering scheme involving top legal counsellors and lawyers across Zambia. As per the reports, money worth more than USD 1.5 billion is expected to be involved in this money laundering activity. On top of that, politicians and government officials have also been linked in this money laundering act. It is considered as one of the biggest money laundering act revealed in recent decade. The FIC sources revealed that they had been investigating this money laundering for the Continue reading →