Tag Archives: Chairman Finance Bank Zambia

Attempt By Ventriglia Family To Change Portland Cement Ownership Becomes Unsuccessful

April 25, 2021 by DRMZambia
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Dr Rajan Mahtani
The case of Portland cement Zambia was actually over when the higher Court of Appeal announced its final decision on the case. According to this decision, the majority shareholding and ownership of the Portland Cement Zambia factory went to Dr. Mahtani owned Finsbury Investment with 58 percent shares. On the other hand, the Ventriglia owned Ital Terrazzo Limited held just 42 percent shares of the factory and did not have any majority shareholding or legal ownership over the factory. With this verdict, the higher Court Continue reading →

Portland Cement Zambia Case Finally Comes To An End With Decision From Supreme Court

April 11, 2021 by DRMZambia
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Dr Rajan Mahtani
With the final decision from Supreme Court Zambia on the Portland Cement Zambia case, it can be said that the long-standing challenges for the cement-manufacturing factory is finally over. The Portland Cement Zambia factory has suffered significant challenges during its early years, right from its establishment and shareholder restructuring. The restructuring of the shareholding of Portland Cement was a critical event as it helped the factory in achieving the requirement loans from the banks as well as funds from other financial institutions so that it Continue reading →

Portland Cement Zambia Ownership To Remain Same As Directed By Court Of Appeal

March 26, 2021 by DRMZambia
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Dr Rajan Mahtani
Portland Cement Zambia is a factory that has suffered several consequences and despite that, it has managed to stay afloat and contribute towards the economic and social development of the Zambian nation. The dispute around Portland Cement Zambia started when the Ventriglia family suddenly questioned the legality of the shareholders’ agreement which established Dr. Mahtani owned Finsbury Investments as the majority shareholder and legal owner of the Portland Cement factory. After the dispute created by the Ventriglia family, the Lusaka High Court took more than Continue reading →

Ownership Of Zambezi Portland Cement Remains Unchanged, SC Announces Verdict On Claim By Ventriglias

February 28, 2021 by DRMZambia
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Zambezi Portland Cement
Finsbury Investments is a noted investments firm owned by Dr. Rajan Lekhraj Mahtani, a celebrated businessman in Zambia. The company is known for reviving several difficult organizations across Zambia. One of them is Zambezi Portland Cement. After an official shareholders’ agreement established in the year 2007, the ownership of Zambezi Portland Cement was given to Finsbury Investments via 58 percent share ownership. This transfer was essential has Finsbury Investments had the credibility of obtaining loans from banks as well as funds from financial institutions. These Continue reading →

Supreme Court Zambia Effectively Rejects Claim From The Ventriglia Family

February 27, 2021 by DRMZambia
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Finsbury Investments under the ownership of Dr. Rajan Lekhraj Mahtani took over the ownership of Portland Cement Zambia in the year 2007. This ownership exchange was made through an official shareholders’ agreement which was signed and accepted by all parties in the presence of government officials. As per this official shareholders’ agreement, Dr. Rajan Mahtani owned Finsbury Investment received 58 percent shares of the Portland Cement Zambia and was announced as majority shareholder and legal owner of the factory. While these activities were occurring, the Continue reading →

Ownership Of Portland Cement Zambia Remains With Dr. Rajan Mahtani After Supreme Court Decision

November 27, 2020 by DRMZambia
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Dr Rajan Mahtani
After the final decision from the Supreme Court Zambia, the business and operations of Zambezi Portland Cement can finally run smoothly. Portland Cement Zambia is a factory that has suffered for a long time due to legal fights and unethical acts from several individuals and companies. In the year 2006, it was firmly established that Dr. Rajan Mahtani owned Finsbury Investments is the actual owner of the Portland Cement Zambia factory and this was established for ensuring smooth flow of funds from banks and financial Continue reading →

Dr. Rajan Mahtani’s Philanthropic Contributions To Education Recognised, Praised By Students

September 8, 2020 by DRMZambia
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Dr. Rajan Mahtani
Dr. Rajan Lekhraj Mahtani is a noted businessman, philanthropist and charity worker in Zambia. He is noted for several contributions for development of the Zambian society and economy. One of his significant contributions has been in the field of education, in the form of Steven Malama award. This award was instituted by Dr. Rajan Mahtani in collaboration with Finance Bank Zambia. Late Steven Malama was a distinguished legal professional, bar veteran who was known among his colleagues and friends as an influential legal professional. Late Continue reading →

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 →

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 →