Latest Zambia Updates

The final announcement of the results of Portland Cement Zambia was given a few weeks ago. The Lusaka High Court judge overseeing the case closed it on a very ambiguous note. The verdict announced by the judge surprised everyone and left a lot of head scratching and raised eyebrows. The case of Portland Cement Zambia was established at the Lusaka High Court after Dr. Rajan Lekhraj Mahtani claimed that the factory was illegally taken over from him. Thus, it started as one of the longest-running corporate cases in Zambia spanning over a decade. Various reasons have been attributed to the long trial of the case. One of the major attributes includes the frequent transfer of the judges handling the case at the Lusaka High Court. This resulted in new judge taking over and starting the process all over again. During other occasions, either the parties were not present or the evidence submitted was not enough to progress the case. On the other hand, Dr. Mahtani and his lawyers hav...

The latest annual African Summit was held in the year 2017 and was considered a grant success. The objective of this summit was to bring top experts, companies and noted personalities from different economic, social, technical and political fields for discussing the various burning questions gripping the nation. This platform is also a big opportunity for making contacts and discovering further business opportunities. As such, this platform was attended by several companies, industry experts, and political groups and are often organized at a larger level. It was attended by several top personalities and numerous events and workshops took place. Dr. Rajan Mahtani also attended the event and was an active participant, taking part in several events, seminars, and conversations. After the event was successfully completed, the Chief Secretary of the event organizing group released a Press Release. In this Press Release, he thanked Dr. Rajan Mahtani for his significa...

The final verdict for the long-pending case of Portland Cement Zambia is finally out and it is not what expected. The judgment has shocked the real owner of the factory as well as numerous experts who have been following the case for years. The case of Portland Cement Zambia is decades old and has become one of the longest pending corporate cases across the nation. This case is also associated with one of the biggest industrialists in Zambia, Dr. Rajan Lekhraj Mahtani. Dr. Rajan Mahtani is a noted businessman, philanthropist, and charity worker. He is also the owner of numerous successful establishments both across Zambia as well as outside the nation. Some of his national investments include Mahtani Group of Companies, Finance Bank Zambia and Finsbury Investments. He is also the legal owner of Portland Cement Zambia but has been trying to prove the same to numerous judges at the Lusaka High Court where the case has remained pending for a long time. During this long trial, n...

Portland Cement Zambia case is a noted case in Zambia. The factors were once among the biggest producers of cement in Zambia. It was also popular for his above-industry average wages, salaries as well as high-level of productivity. During this time, the factory was under the leadership of Dr. Rajan Mahtani, who is also the legal owner of the factory. However, he has been fighting for the legal takeover of the factory for the past ten years. This fight is at the Lusaka High Court in Zambia.  During the trial of this case, several ups and downs were observed. One of the major issues resulting in the long-term pendency of the case was the frequent transfer or unavailability of judges. While sometimes the judges were transferred, other times they were simply not available. The case also suffered due to issues such as unavailability of respondents or lack of evidence from their side. At the same time, Dr. Rajan Mahtani has been continuously submitting powerful and factual evidenc...

Financial Intelligence Centre recently released news which shocked the entire nation. This news was a report on mass money laundering scheme going on within Zambia and the involvement of top legal counsellors, government officials and even some ministers in it. Since this release, numerous corporate giants, industrialists as well as citizens have marched against the government and their inability to identify this mass money laundering act which has been undergoing for a long time.  As per the news report, this money laundering scheme has been going on for years. While the FIC were investigating similar incidents across the nation, this particular scheme was kept under the radar for a long time. In fact, it was only after observing illegal cash transactions from the bank accounts of suspected lawyers, the FIC was able to sense this scheme and launch a deeper investigation on the matter. The investigation revealed some shocking notes when the FIC released a list of names of in...

The case of Portland Cement Zambia is known to all. It is a cement manufacturing factory, which, once upon a time, was a leading producer of cement in Zambia. It was owned by Dr. Rajan Mahtani, noted businessmen, visionary and philanthropist. Dr. Rajan Mahtani is a proud citizen of Zambia and has been conducting businesses across the nation for more than three decades. While he has successfully established numerous businesses, factories and companies in the nation, he is also known for his charitable activities, including funding for events, sources and ensuring that the economic and social status of the country is increasing. Some of the top companies under his belt include Mahtani Group of Companies, Finsbury Investments, Finance Bank Zambia and Portland Cement Zambia.  The Portland Cement Zambia was illegally taken over by the Ventriglias, almost ten year back. After that, Dr. Rajan Mahtani registered a case at the Lusaka High Court for legal takeover of the factory....

It seems like after more than ten years of long wait, Dr. Rajan Mahtani and his teams might get some relief. This is regarding the ongoing Portland Cement Zambia case between Dr. Rajan Lekhraj Mahtani and the Ventriglias. The case can be easily considered as among the longest running high-profile cases across the Zambian corporate environment. The case was first registered by Dr. Rajan Mahtani when the Ventriglias illegally took over the factory. The Ventriglias then defended themselves by saying that the shares owned by Dr. Rajan Mahtani are not paid for.  During the event, Dr. Mahtani and his lawyers have submitted sufficient evidences that establish Dr. Rajan Mahtani as the real and legal owner of the factory. Some of these evidences include signed shareholder’s agreement, financial exhibits and independent audit report. This independent audit report clearly states that the factory was established as joint venture with Dr. Mahtani as the sole joint venture owner and t...