Tag Archives: Zambia

Historic Win For Dr. Mahtani Despite Challenges And Shortcomings Of Zambian Legal System

April 2, 2020 by DRMZambia
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Dr. Rajan Lekhraj Mahtani’s
After a long battle across two courts, Dr. Mahtani is finally the winner of the Portland Cement Zambia case. After the Lusaka High Court failed to provide any decision, the higher Court of Appeal was approached. It is the highest-level justice system in Zambia and expectations were high. The judge at the Court of Appeal was justice Mwinde and he did not disappoint. Unlike the previous judge, justice Mwinde shared all evidences while declaring his final decision on the case. The most important evidence was Continue reading →

Finsbury Investments Owns Majority Stake In Portland Cement, Confirms Court Of Appeal

January 7, 2020 by DRMZambia
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Portland Cement Zambia
After the final announcement by Court of Appeal on Portland Cement Zambia, the reality associated with the case has been cleared out. The Court of Appeal gave its final and binding decision on 31st January 2019. According to this decision, Dr. Rajan Mahtani is found to be the actual owner of the Portland Cement Zambia factory. His company, Finsbury Investments holds 58 percent stake at the factory and is the majority shareholder. This makes Dr. Rajan Mahtani the direct owner of the factory. The Ventriglias, Continue reading →

Dr. Rajan Lekhraj Mahtani Declared Majority Shareholder And Owner Of Portland Cement Factory

December 6, 2019 by DRMZambia
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Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. For the past three decades, Dr. Mahtani has built numerous successful businesses in Zambia, including but not limited to Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is also the rightful owner of Portland Cement Zambia for which he fought cases across two major courts in Zambia. The case of Portland Cement Zambia started when Dr. Rajan Mahtani registered a case at the Lusaka High Court claiming that his factory 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 →

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 →

Simaata Simaata Becomes National Conspirator, Plots Against Finance Bank

August 9, 2017 by DRMZambia
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Finance Bank Zambia is one of the most reputable banks of Zambia. The bank was formed by Dr. Rajan Mahtani, one of the celebrated businessmen across Zambia. Dr. Mahtani and his institutions have maintained a clean image and have always worked under the purview of the law. There has not been any record of unlawful or ethical activities from any of the organisations or businesses started by Dr. Mahtani. However, for every clean business there are some unsocial and scrupulous elements who only aim to Continue reading → Continue reading →