Tag Archives: Dr. Mahtani and Finance bank

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 →

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 →

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 →