The Zambian nation has surely seen various ups and downs since its inception. The country population is divided between those who are honest and work with integrity and those who are corrupt to the core. There have been various signs of improvement and at the same time, there are individuals, companies and groups constantly involving in illegal and unethical schemes for their own welfare and preventing the nation from growing. As a result of these schemers, the nation is having difficulty in growing.
The FIC (Financial Intelligence Centre) is a top agency that investigates illegal financial activities and corrupt practices. A few weeks ago, FIC released a list of names involving prominent lawyers in involved in mass money laundering act. Apart from lawyers, the list also comprised of various law firm owners, government officials, government contractors as well as ministers. It is definitely one of the biggest money laundering acts caught in Zambia.
Dr. Rajan Mahtani is a famous businessman, philanthropist and charity worker in Zambia. His businesses are known for being transparent and oriented towards the development of underprivileged sections of the society. He is also noted for his various charitable activities and services to NGOs and other organisations. In spite of his honest and truthful nature, he is frequently attacked by conspirators who are either jealous of his achievements or seek revenge for his success.
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.
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.
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.
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.
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.
