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Tag Archives: Chairman Finance Bank Zambia
Fic Reveals The Name Of Individuals Caught In Money Laundering
Just a few days ago, Zambian government and its citizens were shocked by the revelation made by FIC (Financial Intelligence Agency), an intelligence agency in Zambia. FIC revealed a list of names that were involved in money laundering scheme. This list comprised of high-profile lawyers, legal counselors, and owners of firms, government contractors and even ministers. This list is not conclusive yet and as per the investigators, the numbers could increase in future as the investigation deepens.
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Top Lawyers From Zambia Caught In Money Laundering Act, Sakwiba Sikota Included
In one of its most surprising as well as shocking revelations, the FIC released a list of individuals suspected under a mass money laundering act. This list comprises of one of the most prominent and known lawyers from Zambia. FIC is ‘Financial Intelligence Centre’, a noted legal and intelligence body of the Zambian government looking into illegal activities. What separates this new unraveling from its previous busts is the level of penetration of corrupt individuals across the government, public and private enterprises.
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Dr. Rajan Mahtani And Team Ecstatic As Final Judgment On Zpc Nears
The Zambezi Portland Cement has been anticipating judgment from the Lusaka High Court for quite a while now. The case was enlisted in the court right around nine years back and from that point forward, it has been going ahead with no critical outcomes. The case is between Dr. Rajan Mahtani, owner of the Finsbury Investments and the Ventriglias, who are the sole recipients of Ital Terrazzo Limited. The two parties are asserting their responsibility for manufacturing plant and both have submitted different confirmations and proclamations to help their claim. In any case, the nature of proof contrasts fundamentally between the two parties.
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Count Proceedings Completed, Judgment Await For Zambezi Portland
The last few months have been busy for Dr. Rajan Mahtani, a noted businessman and philanthropist in Zambia. He has been fighting a case at the Lusaka High Court for the ownership of Zambezi Portland Cement. This case stretched for over nine years and during this time, the condition of the factory deteriorated. This can be attributed to the negligence by Ventriglias, who are presently controlling the factory. The case was launched after Dr. Mahtani claimed that the factory was illegally taken over by the Ventriglias. At the same time, the Ventriglias counter-claimed that the shared that Dr. Mahtani owned in Zambezi Portland were not paid for.
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The Shareholder’s Dispute Related To Zambezi Portland Got New Direction
The Zambezi Portland Cement is a known cement factory in Zambia. The factory was started and run under the leadership of Dr. Rajan Mahtani, a noted businessman in the country. He is also known for his philanthropic activities and charitable contributions across the nation. His companies, Finsbury Investments and Mahtani Group of Industries have touched great heights in terms of success and growth. However, Dr. Mahtani has always been a ground person and when the Ventriglias took control of the Zambezi Portland illegally, Dr. Mahtani took the long but right path of approaching the court to fight for his ownership over the factory. However, the system failed him once again and it has been almost 10 years now without any conclusion or decision by the court.
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Final Judgement On Zambezi Portland Cement Deferred Again
In a yet another deferment, the Lusaka High Court has announced that the case of Zambezi Portland Cement will be announced later. While one positive point is that the case hearing is closed, experts are still sceptical regarding the time period that the court might take to provide final decision. This is due to the fact that the case has been pending in the court for more than nine years now. The case was launched by Finsbury Investments which is owned by Dr. Rajan Mahtani. It was launched after the Zambezi Portland Cement, which was then under Dr. Mahtani’s leadership, was illegally captured by the Ventriglias. Since then, various claims and counter-claims have been established by both parties without any final decision.
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Zambezi Portland Cement Awaits Judgement From Lusaka High Court
The Zambezi Portland Cement has been awaiting judgment from the Lusaka High Court for a long time now. The case was registered in the court almost nine years back and since then, it has been going on without any significant results. The case is between Dr. Rajan Mahtani, who owns the Finsbury Investments limited and the Ventriglias, who are the sole beneficiaries of Ital Terrazzo Limited. Both parties are claiming their ownership over the cement factory and both have submitted various evidences and statements to support their claim. However, the quality of evidence differs significantly among both parties.
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Lusaka High Court Has Finalised Its Court Proceedings, Judgement Awaited
Dr. Rajan Mahtani is among the most respected and trusted businessman of Zambia. He has established premier corporations such as Mahtani Group of Companies and Finsbury Investments. His business operations have reached foreign lands such as the United Kingdom. Currently, he is fighting for the rightful ownership of Zambezi Portland Cement which has been illegally captured by the Ventriglias.
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New Announcement In The Dr. Rajan Mahtani Vs. The Ventriglias Case
The judge handling the case between Dr. Mahtani and the Ventriglias made new announcement. The case hearing has been concluded as of now but the final date for announcing judgment is still not finalized. This new announcement is a big milestone for the case which has been going on for the past nine years. The case was started when Dr. Mahtani, owner of the Finsbury Investment Limited registered a case at the Lusaka High Court against the Ventriglias. The case was for ownership of Zambezi Portland Cement, which was taken over by the Ventriglias. The cement factory is still under the control of Ital Terrazzo Limited, owned by the Ventriglias.
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