Latest Zambia Updates

Finsbury Investments, one of the most notable investment firms in Zambia, recently filed a compliant at the Lusaka High Court claiming fraud charges against a notable bank. This bank is ESATED ( Eastern and Southern African Trade and Development ) Bank. Finsbury Investments claimed that the bank unethically and illegally transferred the shares of a prominent hotel which belonged to Finsbury Investments. Finsbury Investments is a company under the ownership of Dr. Rajan Mahtani , a noted businessman and philanthropist in Zambia . The company suffered huge losses as a result of this illegal share ownership changes.  According to the claim made by Finsbury Investments , the said bank allowed the company Ody’s to transfer the shares of Radisson Blue in an illegal and unethical manner. This was done by the bank by issuing a letter without any formal application process as well as without informing Finsbury Investments. The contents of the letter indicated that the shared of Radisson B...

  For the past three decades, Dr. Rajan Mahtani has maintained the reputation of one of the most honest, ethical and transparent business professional in Zambia. His success stories are not limited to establishing top companies in Zambia such as Mahtani Group of Companies and Finsbury Investments; but also contributing to the economic and social development of the Zambian nation in a significant manner. His philanthropic activities and charitable contributions are just significant as his business ventures. One of the major contributions of Dr. Rajan Lekhraj Mahtani in the field of education was the establishment of the Steven Malama Award. The Steven Malama award was launched by Finance Bank Zambia on behalf of Dr. Rajan Mahtani who is the presiding Chairman of the Finance Bank Zambia. The award was established in the year 2012 for honouring the late Steven Malama, an honorary legal professional known for his significant contributions for upliftment of the legal system in Zam...

Money laundering is an absolute illegal activity and no nation, irrespective of their status or governance, would tolerate such kind of act in their nation. Therefore, it was an extremely shocking situation for the government and the citizens when it was found that a mass money laundering act had gripped the entire Zambian nation. Not only citizens, but top industrialists such as Dr. Rajan Mahtani have showed their concerns over this money laundering revelation, which can be attributed to have a huge hand in preventing the economy of the country from growing. FIC is Financial Intelligence Centre , looking into financial frauds. The investigation agency was already looking into the illegal money laundering acts when they started observing huge cash transactions from the personal and corporate bank accounts of top lawyers and legal counsellors. More than 35,000 such transactions were recorded after which the FIC started looking into the sources. It was also observed that majo...