Author Archives: DRMZambia

Portland Cement Zambia to Finally Get its Real Owner, Dr. Rajan Mahtani

April 30, 2018 by DRMZambia
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Portland Cement Zambia was once a major cement factory across Zambia. The cement factory was run under Dr. Rajan Mahtani’s leadership. Dr. Rajan Lekhraj Mahtani is one of the most successful and popular businessman in Zambia. He has earned his name for his successful business ventures as well as his charitable practices for the welfare of the Zambian citizens as well as the environment. In a country filled by criminals and corrupt individuals as well as houses, it is no surprise that honest businessmen are Continue reading →

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

April 15, 2018 by DRMZambia
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Financial Intelligence Centre, a noted agency, recently reported mass money laundering scheme which has been undergoing in Zambia for many years. This is certainly one of the biggest laundering busts uncovered by any agency. As per the reports released by FIC, more than USD 1.5 billion worth of money has been involved in this bust. Another shocking fact related to the bust is the involvement of top lawyers and legal counsellors in Zambia. Most of the lawyers or legal counsellors named in this money laundering Continue reading →

FIC Reports Millions of Loot in Biggest Money Laundering Heist in Zambia

April 13, 2018 by DRMZambia
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Financial Intelligence Agency recently reported money laundering heist in Zambia involving top lawyers and legal counselors. More than USD 1.5 billion worth of money has been caught in this heist and the FIC expects the amount to go up with further investigation. Some of the top names involved in the list were of Masozi M. Banda and Sakwiba Sikota. Both have been accused of laundering money in millions. When confronted, Banda defended himself by saying that he was working for Zambian President Edgar Lungu. It Continue reading →

Financial Intelligence Centre Reports Mass Money Laundering Bust In Zambia

April 9, 2018 by DRMZambia
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Zambia as a nation is shocked by the recent revelation made by Financial Intelligence Centre. The agency made a public announcement recently, in which they accused top lawyers, legal counsellors and ministers of Zambian government of illegal money laundering. As per the reports released, these high-profile individuals holding critical government and private positions have been involved in illegal cash transactions worth more than USD 1.5 billion. At the same time, the FIC is contemplating that the amount is just a surface scratch and the actual Continue reading → Continue reading →

Portland Cement Zambia Case Considered Major Accomplishment With New Announcement

April 3, 2018 by DRMZambia
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At this point, almost all of the industrialists and citizens related to the corporate are familiar with the case of Portland Cement Zambia. The cement factory was among the top factories in Zambia producing cement. It is owned by Dr. Rajan Mahtani, a noted businessman and philanthropist. Over the course of three to four decades, Dr. Rajan Mahtani has successfully established his empire across the Zambian nation. Some of his top establishments include Mahtani Group of Companies, Zambezi Portland Cement, Finance Bank Zambia and Finsbury Continue reading → Continue reading →

Case Of Portland Cement Zambia Nears Closure, As Confirmed By Judge

March 14, 2018 by DRMZambia
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The case of Portland Cement Zambia is among the oldest running cases of corporate world. It was started when Dr. Rajan Mahtani, a noted businessman and philanthropist, launched a case against the Ventriglias for illegally taking of the cement factory. The Ventriglias, on the other hand, contended that Dr. Rajan Mahtani has not paid for the shares he owns at the factory. This has triggered what can be understood as one of the biggest rivalries in the corporate environment of Zambia. Continue reading →

The Case Of Portland Cement Zambia On The Verge Of Closure, Touted Major Accomplishment

February 25, 2018 by DRMZambia
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By now, the majority of industrialists and corporate professionals in Zambia are familiar with the situation of Portland Cement Zambia. It is cement factory for which a case was established by Dr. Rajan Mahtani, almost 10 years back. The case was for legal ownership of the factory from the Ventriglias. Dr. Rajan Mahtani contended that the factory legally belongs to him and the Ventriglias have illegally taken over the factory. He is a noted businessman, philanthropist and charity worked and is being respected and looked Continue reading → Continue reading →

Lusaka High Court Judge Will Close Zambezi Portland Case Soon

February 16, 2018 by DRMZambia
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The judge handling the Zambezi Portland Cement case at the Lusaka High Court confirmed that case hearing is closed and final judgement will be announced very soon. This is a huge relief for Dr. Rajan Lekhraj Mahtani, a noted businessman who has been fighting the case for legal ownership of Zambia. This case has become one of the most talked about corporate cases in town and is going on for almost 10 years now. The Ventriglias, on the other side of the case, have been Continue reading → Continue reading →