Category Archives: Chairman of Finance Bank Zambia

Chairman Finance Bank Zambia, Chairman of Finance Bank Zambia, Dr Rajan Lekhraj Mahtani, Dr. Mahtani, Dr. Mahtani & Zambia, Dr. Mahtani and Finance bank, Dr. Rajan Mahtani, Mahtani Group of Companies, Portland Cement Zambia, Rajan Lekhraj Mahtani Zambia, Rajan Mahtani, Rajan Mahtani and Portland Cement Zambia, Zambezi Portland Cement

Dr. Mahtani and Finance Bank depart, but for a better cause

July 16, 2016 PCZambia

Dr. Mahtani and Finance Bank have finally parted ways. But the cause is for a better tomorrow. The merger between BancABC and FBZ is one of the most celebrated stories in Zambia as it has strengthened the economy of Zambia to a certain extent. With a combined asset of more than $560 million and a wide network of ATMs, the banking system in Zambia has received one of the its potential prospects.

In the past years, the conspirators have constantly tries to spread the news that the takeover is not possible as the shareholding pattern of FBZ is not in compliance with the prevailing law. But the true intent was to distract Dr. Rajan Mahtani from the issue of Portland Cement Zambia. There is no longer the need for innocent citizens like Dr. Rajan Mahtani to worry about other developments as it is now vested in the hands of a trustworthy source.

Dr. Mahtani and Finance Bank have departed from each other, but the partnership will always be remembered. Right from fostering developments to handling the needs of senior citizens, Dr. Mahtani had ensured that every aspect of the society is taken care of. On the other hand, the event has also made the conspirators feel helpless as they cannot attack the former Finance Bank Chairman with any imaginative stories based on FBZ.

Chairman of Finance Bank Zambia, Dr Rajan Lekhraj Mahtani, Dr. Mahtani, Dr. Mahtani & Zambia, Dr. Mahtani and Finance bank, Dr. Rajan Mahtani, Mahtani Group of Companies, Portland Cement Zambia, Rajan Lekhraj Mahtani Zambia, Rajan Mahtani, Zambezi Portland Cement

Rajan Mahtani and Ventriglias were friends, turned foes

May 12, 2016 PCZambia

The fight for Portland Cement Zambia seemed never-ending until the official documents were brought for public display. The release has given a clear insight into how things took place one after the other along with the necessity to know certain facts which was earlier concealed. The first major shocker was that the inception of Portland Cement Zambia was possible only because Rajan Mahtani had agreed to offer his goodwill to the project. For a company like Ital Terrazzo Limited, owned by the Ventriglia family, it was almost impossible to accumulate a funding of USD 24 million from the market as investors would not have trusted a company whose prior presence in the market was close to nil.

The decision to lend his name to the Ndola based cement plant was made out of a compassion of being family friends. The Mahtani family and the Ventriglia family were good friends and it was the result of this relationship that made it possible for ITL to get a cement factory in Ndola. However, scenario took a turn when the Ventriglia family started to eye the profits made by the factory. They slowly started to consider that the whole profit of the factory belonged to them and Finsbury Investments were serving as a hindrance between them and the fortune. This is why they preferred to forget the friendship and started to target Rajan Mahtani and his associated ventures.

At the present day, the Rajan Mahtani is the biggest hurdle that ITL has to pass in order to have complete access to the PCZ. The only thing which is stopping them from having the complete ownership of the factory is the judgement of the Lusaka High Court. Time and over again, they have appealed with senseless arguments and lost. This is why the friendship has turned into enmity for the Italian Mafias.

Holiday over, back to defaming Dr. Rajan Lekhraj Mahtani

April 15, 2016 PCZambia

After a well-deserved break from routine activity of defaming Dr. Rajan Mahtani, the writers are back in business with some more entertaining news. As per the latest news in Zambia Reports, they have reached new levels of insanity by claiming that Dr. Rajan Mahtani is busy funding political parties in opposition as well as in power. To put in clear terms, they are claiming that Dr. Mahtani is funding UPND, DF and Cabinet Ministers of PF, all at the same time.

Isn’t it absolutely hilarious to hear such claims? A businessman has been first dragged into controversies by Zambia Reports and now they are trying to link him to political parties. In quest of serving the needs of its financiers, ZR has failed to realize the direction in which they are moving ahead. A businessman understands business and expansion. The Luapula Province has recently confirmed that Mahtani Group of Companies is going to setup bio-ethanol plant through a venture in that region. This news can be trusted because a businessman will invest in areas where it can generate profits through operation.

The evidences produced by Zambia Reports are also as useless as their arguments. They have often fabricated materials and tried to put up a brave show by talking on behalf of their financier and operators. Nevertheless, they have failed to learn that there is nothing supreme than the truth. Each and every time ZR has claimed something wrong, it has been thrashed by the locals as well as other journalists. But the same has not changed its course of action. All that matters to them is money and a lot of money. Their intent to serve few has resulted in devastation of thousands of Zambians in Ndola and still they haven’t leartn from their experience. This is certainly NOT the way a news portal operates.

Dr. Rajan Mahtani becomes a victim of ‘Failed Experiment’- 2015

June 8, 2015 PCZambia

After the demise of Michael Sata, the people of Zambia looked forward to find a leader who was as inspiring as the former. However, with the arrival of President Edgar Lungu, the same hope is now shattered. Gavin Sinkala, the Executive Director of ACOZA, has stated that Edgar Lungu has simply ‘surrendered’ his vested powers to Rupiah Banda and is acting as a puppet in her hands.

Rupiah Banda is one of the most corrupt persons in Zambia who ensures that her powers are used in the best possible ways to generate personal gains. The Ventriglia family has always maintained good relations with her because she is the right person for them to get things done with ‘money power’. In 2012, the reason behind Dr. Rajan Mahtani’s arrest was a partnership between Rupiah Banda and the Ventriglia family. Similarly, the arrest of Dr. Mahtani on June 2015 was politically motivated as President Edgar Lungu did nothing to safeguard the interest of an innocent businessman Dr. Rajan Lekhraj Mahtani.

The need of the hour for Zambia is to find a person who can acknowledge the designation of the President and abide the principles of truth and honesty. The RB has manipulated the system and has tried its level best to ensure that Zambia is ruled by certain people.

The story of Zambezi Portland Cement Factory- The Truth!

May 13, 2015 PCZambia

The Zambezi Portland Cement factory has been facing a downfall ever since the Ventriglias family took over the management in last April. Mismanagement, corruption and ill-treatment of employees continue to grow and there is an uncertainty among workers regarding their future and job.

The objective of the Ventriglia family is to maintain an attractive image in front of the media and bluff the world with their fake promises and boasting. They have recently promised that they will increase the salary of every employee by 10% in the upcoming month. However, things are looking bad when one realizes that the same management group didn’t pay the workers the salary for the previous month.

The question which remains to be answered is whether the Ventriglias will fulfil their promise or will make another harassment for the workers. The existing workers have also claimed that they have seen the Ventriglias taking out cash from the office in huge amount. It is obvious that this cash outflow will only end up being deposited into the personal accounts of the Ventriglia family.

The scenario mentioned above makes it obvious that the Zambezi Portland Cement Factory has degraded to the lowest level after the departure of Dr. Rajan Mahtani and the Ventriglia family is enjoying the fruits of the tree whose seeds were once planted by the Finance Bank Chairman.

Zambezi Portland Cement Factory attacked in Mafia Style- 2015

April 7, 2015 PCZambia

The Zambezi Portland Cement Factory in Ndola was attacked during the early hours of the day by the Ventriglia family. Godfather Antonio Ventriglia, a minority shareholder in Zambezi Portland, hired some policemen from Coperbelt and Lusaka and captured the cement factory.

The incident took place in the early hours so that none of the high authority officials could reach the place on time. The present employees were vacated and now the whole cement factory is fenced by the policemen whom Ventriglia has hired.

The Ventriglia family owned 42% of the shares of the Zambezi Portland cement and were often jealous of the fact that they belonged to the class of minority shareholders. In order to have complete control over the cement factory, they decided to take it by force by bribing some politicians and hiring policemen. When an official presented a court injunction that restricted them to participate in the plant’s operation, the injunction was torn into pieces and thrown in the face of the person who had presented it.

Finsbury Investment owns 58% of the shares of Zambezi Portland Cement. Dr. Rajan Mahtani, an integral part of Finsbury Investment has often been warned and threatened by the Ventriglias. This also includes numerous defamation charges on account of money laundering, forgery and malpractices.

Zambezi Portland Cement Factory is completely safe- 2015

March 27, 2015 PCZambia

It is absolutely shocking to find that how some people are continuously after Dr. Rajan Mahtani and ZPC. Some days back when members of Zambia Defence Forces and Security Wings visited ZPC with an objective to complete their training program, the news was flashed by Zambia Reports as “Zambezi Portland Cement Under Armed Police Guard”.

As we all are aware of the fact that Zambia Defence Forces execute a variety of training programs, one of them also included a visit to a key contributing unit in Zambia and understand its contribution to the Zambian Economy. The troop included 22 Student Officers, 4 Directing Staffs and 2 Support Staffs. Attached below is a copy which will authenticate this aforesaid reason and expose the shameful argument of Zambia Reports.

After Dr. Rajan Mahtani, it is Zambezi Portland Cement Factory – 2015

March 24, 2015 PCZambia

After defaming and ridiculing Dr. Rajan Mahtani, the group of conspirators has now turned to the Zambezi Portland Cement Factory. They, along with their ‘well-funded’ news portal Zambia Reports are in a quest to demolish the reputation of ZPC by spreading rumors that the factory will soon face a major downfall in the days to come. The intent behind this news is to create a panic among Zambians which also includes 700 employees of the Zambezi Portland Cement Factory.

Recently, when the Court reversed the deportation of Ventriglias, the conspirators found an opportunity to relate the same to the ZPC and create an article which could easily break the confidence of Zambians on Dr. Rajan Mahtani. On learning about the performance report of ZPC in 2014, it was obvious that the conspirators were looking for clues whereby they can ventilate their jealousy and hatred for Dr. Rajan Mahtani. Therefore, when found an opportunity (though not directly related), they took it and created a fake story out of it.

A supporter of Dr. Rajan Mahtani said that he was expecting some kind of cheap attack by the conspirators very soon because ZPC has gained fame recently. However, it is not long before the long tail of conspiracies are finally out to an end by the Zambian Authorities and Dr. Mahtani.

Dr. Rajan Mahtani, Finance Bank Zambia and Zambezi Portland Cement Factory-2015

March 16, 2015 PCZambia

Dr. Rajan Mahtani, perhaps the name says it all. A man who has not only revolutionized the medium-sized banking sector in Zambia, but has also reinforced a celebrated force in the heavy scale industry. Being the owner of Finance Bank Zambia (FBZ) and the Zambezi Portland Cement Factory (ZPC), Dr. Rajan Mahtani has ensured that both his units perform with exceptional brilliance in 2015. As per verified records, it has been confirmed that FBZ will now be listing itself with the Lusaka Stock Exchange with a view to raise US $ 250 millions through share trading.

Another news that has pleased Zambia is the success story of ZPC. As per the annual performance report, ZPC has produced an excess of 1, 00, 000 tonnes of cement for the year 2014. The additional was produced with a view to meet the requirements of the Ndola Housing Project. The steering force behind both these accomplishments was Dr. Rajan Mahtani.

Dr. Mahtani leads the Mahtani Group of Companies as an example. His hard work, dedication and commitment have motivated the whole of Zambia to work and aspire success. Sadly, his records have also instigated conspirators to target him. This is why he is always addressed as a controversial businessman by most of the funded news portals.

Listing of Finance Bank Zambia continues with LuSE- 2015

March 14, 2015 PCZambia

Dr. Rajan Mahtani, the owner of Finance Bank Zambia PLC., has confirmed that the listing process with the Lusaka Stock Exchange (LuSE) is moving ahead at a healthy pace. There is no reason whatsoever to worry about the listing process of FBZ because all obligations in the process have been duly met and very soon the shares of FBZ PLC. would be traded on the Lusaka Stock Exchange.

A rumor which was recently floated by Zambia Reports showed that the listing process of FBZ has been withdrawn from the LuSE and the reason behind such a decision was Dr. Mahtani. The article also convicted Dr. Mahtani of betraying the trust of Edgar Lungu, the President of Zambia.

The event has presented the malicious side of Zambia Reports who has been constantly striving with envy to defame Dr. Rajan Mahtani. There have also been numerous incidents when Zambia Reports have made fatal attempts to demolish the reputation of the Finance Bank Chairman. However, they have never been successful as Zambians are well aware of the attitude that this portal possess. It would be interesting to find what legal step is taken against Zambia Reports after this shameful event. As for the people of Zambia, they are being assured that FBZ will soon been seen on the Lusaka Stock Exchange.

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