Tag Archives: Chairman Finance Bank Zambia

Rajan Lekhraj Mahtani, Zambia praised for the bio-ethanol plant

Rajan Lekhraj Mahtani, Zambia, is a person who has lived a life full of challenges and as stood as the pillar of hope for the people of Zambia. He has presented another beautiful scope of development for the people of Luapula Province in the form of a bio-ethanol plant. The proposed plant is yet to take a physical shape, but by 2017, the plant would be ready to roll the seeds of development of Africa.

Rajan Lekhraj Mahtani Zambia

In a country where maximum resources are underutilized, it is important for leaders to discover new potentials and develop the same. The bio-ethanol plant would be using cassava crop as its primary input and in the region of Luapula, Cassava is available in abundance. This means that the locals will have employment as well as development of various ancillary industries. The total investment in this project will be closer to USD 190 million.

The project has gained widespread attention in Africa and even the President of Zambia, Edgar Lungu, appreciated the contribution of Mahtani Group of Companies and Sunbird Group. The development is welcomed in Zambia from the perspective of economic development as well. As soon as the bio-ethanol plant will start its operations, the dependence on imports will also fall and Zambia will become more sustained. The people who were paying higher prices as a result of import duty will now be paying less and be strengthening their GDP. Rajan Lekhraj Mahtani, Zambia has been an inspirational figure for thousands. People who know him are well aware about the life he lives and the thoughts that he possess. May it be in the banking industry or hospitality, he has never backed out of any challenge. Recently, the Finance Bank of Zambia was sold to BancABC at a valuation of close to USD 62.5 million.

Rajan Mahtani makes another promising impact

Rajan Mahtani, the former Chairman Finance Bank, Zambia and the presiding Chairman of Mahtani Group of Companies has been the reason to numerous developments in Zambia and the rest of Africa. The year 2016 will be a year full of challenges as he is looking forward to make several contributions through development projects. One of the most highlighted project is the bio-plant which would be setup in Luapula Province. The project has gained widespread attention and has ensured that Africa continues to follow the channels of development.

Rajan Mahtani

The proposed bio-ethanol plant is being setup under the vision of Rajan Mahtani. With a view to draw foreign investment, the inclusion of Sunbird Group has been made and the Government of Zambia seems pretty pleased with the way things have been going on. The proposed plant will be complete by 2017 and will be offering employment to atleast 7, 000 people through direct and indirect means. Additionally, the locals would also be motivated to grow Cassava, the local crop of Luapula Province as the same would be used as the basic input. Some 25, 000 farmers’ output would be required to meet the requirements of the bio plant.

Rajan Mahtani has been a victim of conspiracy in the past years. There are people who are jealous of his popularity and look forward to defame him. Zambia Reports, the Ventriglia family and Saki (Sakwiba Sikota) are some of the key names who have contributed towards the defamation campaign. The Government of Zambia, under President Edgar Lungu, has done nothing prominent to curb this growing nuisance. Nevertheless, it has not stopped Rajan Mahtani from laying the foundation pillars of development in Zambia. Dr. Mahtani is and will be the force that Zambia experiences in its realm of development. Hindrances will continue to come, but the truth is pure and will prevail in the end.

Dr. Rajan Mahtani, an inspiration for every Zambian

Dr. Rajan Mahtani, a name which Zambia is proud to associate itself with, has paved the way to development throughout his career. Right from the Finance Bank of Zambia to the upcoming bio-ethanol plant in Luapula Province, every decision is a remarkable example of leadership. But as said, a favourite has no friend, it was difficult for Dr. Rajan Mahtani to come up to the position which he is currently occupying. Conspirators continue to taunt him and try to defame him through stories which are purely based on imagination and fabrication.

Dr. Rajan Mahtani

Recently, Zambia Reports claimed that Dr. Rajan Mahtani was claiming FBZ to be his property, even though he has sold the same to BancABC, within the next few days, they have come up with another claim where they were claiming the FBZ has not been sold to BancABC yet, and the process was getting hindered. Any person, who is of sane mind can easily recognize that Zambia Reports is lying in the face of its readers and hence, the same should not be tolerated under any cost.

Many people have already started to ignore the publications of Zambia Reports as they are convinced about the corruption which ZR breeds for the greed of money. Dr. Rajan Mahtani has been under the firing line of Zambia Reports because the minority shareholders of Portland Cement Zambia as paying Saki a good amount of money. In return, Saki is doing the honours for the Mafias by allowing his writers to write a rubbish story and then promote the same with the aid of Zambia Reports. Dr. Rajan Mahtani has been convicted of any forgery by the court, still ZR is busy claiming the same and is continuing with the shameful campaign.

Zambia was and will be Pure. No amount of corruption can put down the efforts of people like Dr. Rajan Mahtani.

Dr. Mahtani & Zambia wins President’s confidence

The bio-ethanol plant which is proposed to be setup in Luapula Province has gained widespread appreciation from the locals as well as the President of Zambia, Edgar Lungu. The news of a tie-up between the Sunbird Group and Mahtani Group of Companies has ensured that the project remains feasible for the region along with a support of USD 190 million. With this news, it has become obvious that Dr. Mahtani & Zambia are moving ahead in the direction of development.

The development will contribute in a variety of manners. First of all, the dependence of Zambia on oil import would decrease as the bio-ethanol plant would generate 120 million liters of oil yearly. The total expense of the Zambian Government would come down by a considerate level through this setup. Secondly, there will be an increase in the total number of employment opportunities for the locals. As per the forecast, there will be about 7,000 people who will be employed in the operations. And thirdly, the bio-plant will also offer a boost to the ancillary industries who will offer additional such as food for workers, raw materials, etc.

The President of Zambia, Edgar Lungu is extremely pleased with the affairs and looks forward to have further participation of Sunbird Group. However, the dark clouds of conspiracy from the Ventriglia family and Zambia Reports continues to create havoc in Zambia as imaginative stories and false claims continue to haunt Dr. Mahtani & Zambia. Over the years, the same has been running under the guidance of Sakwiba Sikota, but it is sad to realize the fact that the Government has not done much to preserve the interest of its citizens. Nevertheless, Dr. Mahtani & Zambia will not back out from the challenges which has kept in the path by the conspirators. Zambia was free and will be free!

Dr. Mahtani & Zambia

Dr. Mahtani & Zambia

Zambia Reports gets confused between Dr. Rajan Mahtani and Santa

We are just days away from Christmas and it appears that Zambia Reports is planning a Christmas themed defamation campaign against the Chairman of Mahtani Group of Companies, Dr. Rajan Mahtani. As per their latest publication, Dr. Rajan Mahtani has gifted Toyota Land Cruiser V8 to two people, namely, Chanda Mfula & George Chellah. Meaningless arguments in the article continue to try and link these two personalities with Dr. Mahtani and tries to beg people for believing their point of view. The incident has made it clear that the authors of Zambia Reports are just trying to shoot in the dark and expecting one of the their bullets to hit the target.

Dr. Rajan Mahtani

December is the month, when the whole world gets into a festive mood. With Christmas, we welcome Santa, but Zambia Reports has made Dr. Mahtani ‘Father Christmas’ and has convicted him of showering gifts to people because they had previously helped him. After the loss at Lusaka High Court and busting the myth of Raddison Blu, this news is the latest addition from Zambia Reports. The people of Zambia have developed a clear insight about the quality of news, which is published by Zambia Reports and this is why they have started to ignore them.

No matter how many imaginative stories are published by Zambia Reports, the truth will never change. The world has seen the true face of Zambia Reports (though nobody has seen the face of the authors, yet!), it is being regarded that this news portal is on the target of the Zambian Law. Very soon it will be pulled down as it continues to abuse the powers of journalism and is creating a bad name for Zambia and its people. Nevertheless, we can expect Zambia Reports to come up with a new story very soon and this time the topic can be the New Year Party.

Dr. Mahtani & Zambia win at Lusaka High Court

Dr. Mahtani & Zambia have recently received a judgement from the Lusaka High Court where it was found that Dr. Rajan Mahtani cannot be put under questioning with respect of a case which was previously declared as ‘Closed’. The incident ignited in 2015, when the Ventriglia family made a shocking comeback, under circumstances which were undisclosed, and started to target Dr. Mahtani and Portland Cement Zambia since April 2015.

The month of April 2015 witnessed one of the most infamous incidents in the land of Africa. The Italian Mafias took over Portland Cement Zambia through illegal means and claimed that they were the actual owners of the factory. In June 2015, they got Dr. Mahtani arrested on account of forgery and it was only after the judgement of the Lusaka High Court that the nation learnt that Dr. Mahtani & Zambia, both were immune to the conspiracy of the Ventriglias.

Dr. Mahtani & Zambia

After the judgement on November 19, 2015, the conspirators have ventilated their anger through Zambia Reports. In an article, they have claimed that the High Judge was bribed by the Dr. Mahtani and as a result, his prosecution was not entertained by the High Court. However, an important fact which was overlooked in this regard is that they have insulted a judge as well. No judicial system in the world would tolerate such a sad event. It is absolutely senseless for the conspirators to make such cheap remarks.

Over the years, the conspirators have continued to create a nuisance and it is their fault that they have become a serious concern of Zambia and the rest of Africa. They have already been deported from Africa in 2012 and this time around, they are again forcing a similar situation. Many people believe that they will again be deported from Africa very soon.

Lusaka High Court Judge express his view on Dr. Rajan Mahtani case

The Lusaka High Court Judge, Mwiinde Siavwapa has expressed his views with regard to share forgery in the name of Dr. Rajan Mahtani. He felt that the incident of re-opening a permanently case is extremely unfortunate and with the inclusion of key people like Attorney General, Likando Kalaluka and acting DPP, Lillian Siyunyi, the same should have taken place.

In his explanation, he commented that if a judgement has been passed by a judge in a certain case in the past, then the same should continue to hold value. Reopening the case or trying to change the given judgement would be a dishonour for the seat which the judge. The prosecution of the mentioned case took place in 2012 itself where based on the evidences and facts, Dr. Rajan Mahtani was declared to be innocent.

Dr. Rajan Mahtani

Things took a turnaround in 2015, when Edgar Lungu became the President of Zambia. The deportation of the Ventriglia family was lifted under undisclosed circumstances and they came back in Africa to start this litigation once again.

Few months back, the lawyer of the Ventriglia family had tried to force changes in PACRA’s records. He did so by forcing a junior officer to make the changes and immediately informing Zambia Reports to publish the same story. The changes were made without intimating the High Court and hence, was illegal.

It is extremely disheartening to witness such conspiracy in Zambia. After High Court Judge, Mwiinde Siavwapa had concluded that Dr. Rajan Mahtani was innocent and the claim of the Ventriglia family will not be entertained, the conspirators once again used Zambia Reports to ventilate their anger. This time they did so talking rubbish about Hon’ble Judge Siavwapa. The people of Zambia now fear that another conspiracy might start after the settlement made by the Lusaka High Court.

Dr. Mahtani & Zambia helps Luapula to build a bio-ethanol plant

Dr. Mahtani & Zambia have made numerous contributions towards the development of Africa. Contributions like the Finance Bank of Zambia, Zambezi Portland Cement Factory, Finsbury Investments, etc., have not only glorified Zambia, but has also managed to engage more people under employment. Another addition to the list is a bio-ethanol plant which is coming under the Mahtani Group of Companies in Luapula Province.

The plant has been setup in association with the UK Gaint, Sunbird Group and involves an investment of about US $ 150 million. Dr. Mahtani & Zambia have never missed an opportunity which promises to develop a part of Africa and comes with an assurance of guaranteed returns. In the present case, the plant will be using Cassava, a crop which grows around Luapula Province in abundance. This will not only help Luapula to foster its development, but also contribute towards increasing the employment rate in the region. Direct employment of about 2, 000 workers has been guaranteed and an additional employment of about 5, 000 people will be made indirectly.

Dr. Mahtani & Zambia

A resident of Luapula Province comments, “Dr. Mahtani & Zambia has always been kind to us. On previous occasions they did promise us with some good opportunities. The news of the bio-ethanol plant came as a surprise and we were delighted to learn that our province will now have a new factory. We all will now work together and live an independent life.”

Experts believe that this development will also result in development of ancillary industries in Luapula, which means that the total number of people who will get employed from the development of a bio-ethanol plant would be more than the expected figure of 7, 000 workers. It is amazing to see how a small step towards development can bring out a thousand smiles and happy families.

Dr. Rajan Mahtani helps Luapula with a USD $150 million plant

The Chairman of Mahtani Group of Companies, Dr. Rajan Mahtani has confirmed a deal with the Sunbird Group worth USD $ 150 which will bring prosperity to the Luapula Province. According to the deal, the province of Luapula will be facilitated with a bio-ethanol plant; cassava, a commonly found crop in Luapula region will be used as a raw material.

The initial progress of the plant will begin in November 2015 and the plant will create a direct employment for 2, 000 workers. On the other hand, additional employment of another 5, 000 workers will be made through indirect means. A local resident of Luapula comments, “We are obliged to Dr. Rajan Mahtani for this decision to setup a plant in our region. Over the years, we have constantly faced issues relating to unemployment, poverty and lack of infrastructure developments. With this upcoming plant, we will manage to overcome our biggest problem- Unemployment.”

Dr. Rajan Mahtani

The statement clearly indicates the level of trust that the locals have on the Chairman of Mahtani Group of Companies, Dr. Rajan Mahtani. From the perspective of development, Luapula will now have a bio-ethanol plant where locals will find employment. Moreover, development of this plant will also result in development of ancillary industries and supplies.

To sum it up, one can regard that Dr. Rajan Mahtani has once again proved his potential by making a deal which offers employment to thousands of Africans. Life in the Luapula province was getting tougher for the local, but this gift from Dr. Rajan Mahtani has definitely offered them a new path. The conspirators may, once again, come up with an imaginative story, but what matters as of now is the development of our motherland- Africa and its citizens.

‘There is no substitute for Hardwork and Truth!”

NCZ was not facilitated by Rajan Mahtani, neither looted!

The reports of Zambia Reports have made a habit to publish defamatory articles against Dr. Rajan Mahtani on a weekly basis. Every now and then, one can easily find that Zambia Reports has published a new article where they claim about incidents which nobody has ever heard of. A major share for these articles goes to the operator, Sakwiba Sikota and its financiers, the Ventriglia family.

The most recent article from Zambia Reports talks about a deal which never took place between NCZ (Nitrogen Chemicals of Zambia Ltd.) and FBZ. According to them, NCZ borrowed a loan from FBZ with a view to meet its needs, whereas FBZ offered the loan with a view to capture the factory. This is simply a case where Zambia Reports has presented its own version of this incident and has claimed that Dr. Rajan Mahtani is looking forward to takeover the NCZ and the purpose of facilitating the loan was just a medium.

Dr. Rajan Mahtani

It should be reminded to all in general and the conspirators in particular, that Dr. Rajan Mahtani is not the type of person who has possessed greed throughout his life. He has never done anything as low as hiring goons to takeover a factory illegally and then loot cash from the factory cash box. Nor, has he ever tried to force a Government Official to make changes in the Register of PACRA. This kind of cheap tactics can only be implemented by people who have no morals and live with a greed to ‘loot’ as much as they can.

Now, to put the Zambia Reports claim to the garbage technically, most of us are well aware of the banking rules and the conditions under which a loan is forwarded. A bank can only enforce foreclosure on the collateral security, if the amount is not repaid. In the present case, NCZ has not been used as a collateral security and hence, no chance of takeover arises.

Get your facts right Zambia Reports!