Author Archives: DRMZambia

Legal Counsellor Of The Ventriglias, Sakibwa Sikota, Suspected Of Money Laundering

January 31, 2018 by DRMZambia
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Dr. Rajan Mahtani is undoubtedly one of the most celebrated and respected businessmen in Zambia. His companies have reached heights with honesty and integrity. At the same time, he has established various businesses and contacts across other nations. These businesses and contacts have helped Dr. Mahtani in bringing foreign investments in Zambia and improving the economic and social conditions of the nation. Some of his companies that have successfully made mark in the industrial front include Mahtani Group of Companies and Finsbury Investments. He is Continue reading →

Judge Handling Zambezi Portland Case Announces Closure Of Case Hearing

January 25, 2018 by DRMZambia
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Dr. Rajan Lekhraj Mahtani is among few businessmen in Zambia who have stick to the path of honesty and transparency since the start. He has established various successful businesses in Zambia and other nations. Some of his top establishments in Zambia include Finsbury Investments, Mahtani Group of Companies and Finance Bank Zambia. He is also noted for his philanthropic activities and charitable works. His contacts and businesses across developed countries like the United Kingdom have helped him in bringing foreign investments to improve Zambian economy. Continue reading → Continue reading →

Sakiwiba Sikota’s Name Appears In The List Released By Fic, For Money Laundering

January 12, 2018 by DRMZambia
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FIC (Financial Intelligence Centre) is a noted intelligence agency from Zambia, specializing in investigating financial-fraud and related activities. FIC recently released a list of names of individuals who were suspected in a mass money laundering racket. This list comprised of prominent business and government individuals such as lawyers, law firm owners, legal counsellors, government contractors, government officials and even some ministers. From the report released, it is expected that these people are engaged in money laundering activities for a long time. Continue reading →

Sakwiba Sikota And Other Prominent Lawyers Suspected Of Money Laundering

January 6, 2018 by DRMZambia
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The Zambian government is certainly facing a dark period in their law and order with the revelation of mass money laundering racket under their nose. FIC (Financial Intelligence Agency) is a noted intelligence firm of Zambia which recently discovered this money laundering racket. The worst part of this racket is that it involves some of the prominent names in the legal industry of Zambia. With this exposure of the racket, the FIC also released a list of names of prominent government contractors, political figures, and Continue reading → Continue reading →

Sakwiba Sikota Among Those Caught In Money Laundering Racket

December 31, 2017 by DRMZambia
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Zambian government was recently exposed to one of the biggest scams in its history. The FIC, an intelligence agency, discovered mass money laundering racket by some of the prominent names in the political, corporate and government areas. These are high profile legal counselors, government contracts, political figures, law firm owners and even ministers. Reports from the investigation also revealed that the current list of names is expected to increase as and when investigation strengthens. Continue reading →

Lusaka High Court Looks To Close The Zambezi Portland Case Soon

December 25, 2017 by DRMZambia
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Zambian citizens are very much aware of Dr. Rajan Mahtani. He is a well-known businessman credited for some of the most profitable and rewarding companies in Zambia. Some of his most famous companies include Mahtani Group of Industries and Finsbury Investments. He was also the Chairman of Finance Bank Zambia before giving away the bank to another entity and focus on his other start-ups and business investments. During his tenure, Finance Bank Zambia was among the premier banking and financial service providers of the nation. Continue reading → Continue reading →

Lusaka High Court Looks To Close Zambezi Case Soon

December 7, 2017 by DRMZambia
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The Lusaka High Court which is currently handling the case of Zambezi Portland Cement is looking to close this case, which has been pending for the past nine years. The case is the high-profile corporate case between Dr. Rajan Lekhraj Mahtani, a noted philanthropist- businessman and the Ventriglias, the infamous Italian family in Zambia. The case took a form when the Ventriglias illegally took hold of the Zambezi Portland Cement. As per the claims of Dr. Mahtani, the legal ownership of the factory belongs to Continue reading → Continue reading →

Lusaka High Court Proceeds Further In The Zambezi Portland Cement Case

December 1, 2017 by DRMZambia
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As per the latest information provided by the Lusaka High Court, the case hearing between Dr. Mahtani and the Ventriglias duo Antonio Ventriglia & his wife Manuela Ventriglia. This case is for the shareholding ownership of Zambezi Portland Cement, a premier cement manufacturing company in Zambia. As per the claims made by Dr. Rajan Mahtani, the Ventriglias have illegally captured the factory when he is the sole owner and joint-venture partner of the factory. The Ventriglias, on the other hand, have claimed that the shares Continue reading → Continue reading →

Dr. Rajan Mahtani Positive Of The Court’s Judgement, This Time

November 25, 2017 by DRMZambia
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Over the years, Zambia has seen various improvements in its economy. Corruption and illegal activities have reduced and overall government as well as non-governmental organizations have started to work as per standard procedures. However, the legal system needs improvement, especially in terms of fast-track court and their judgment procedures. Take the example of Zambezi Portland Cement. The case has been lying at the Lusaka High Court for more than nine years. Even though many experts have already provided their views regarding the right judgment, the Continue reading → Continue reading →