Rajan Mahtani (born 14 February 1948) is a

Zambia Zambia, officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa. It is typically referred to being in South-Central Africa or Southern Africa. It is bor ...

business magnate A business magnate, also known as an industrialist or tycoon, is a person who is a powerful entrepreneur and investor who controls, through personal enterprise ownership or a dominant shareholding position, a firm or industry whose goods or ser ...

who is

Chairman The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the gro ...

of Finance Bank Zambia Limited, a medium-sized

bank A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital m ...

ing unit in Zambia. He pursued a career in Finance and Law. He is a Fellow of the Chartered Association of Certified Accountants and holds a

PhD A Doctor of Philosophy (PhD, DPhil; or ) is a terminal degree that usually denotes the highest level of academic achievement in a given discipline and is awarded following a course of graduate study and original research. The name of the deg ...

in Commercial Law from the London Institute of Business Studies. On 13 April 2015, Mahtani agreed to surrender his claim over the Zambezi Portland Cement Factory, which its minority shareholder 'the Ventriglias' had taken over by force on 7 April 2015. The surrender was made with a view to safeguard the interest of the existing employees working at the Zambezi Portland Cement Factory.

Win at the Malawi High Court in 2015

On July 28, 2015, the Malawi High Court passed a judgement in favor of Dr. Rajan Mahtani where it was witnessed that Nyasa Times, had published defamatory content in the name of Dr. Mahtani. With no particular evidence and weak arguments from the side of Nyasa Times, the High Court Honored Dr. Rajan Mahtani with a win and Nyasa Times has been asked to take down all the defamatory content from its website along with paying a sum as compensation for the injury caused.

Win at the Lusaka High Court in 2015

As per The Post, on November 19, 2015, the Lusaka High Court Judge, Mwiinde Siavwapa passed a judgement where it was witnessed that a permanently closed cannot be reconsidered for a new judgement. The issue is connected to share forgery charges which the Ventriglia family has put on Dr. Rajan Mahtani with respect to Zambezi Portland Cement Factory. It was concluded that it was wrong on behalf of the acting Director of Public Prosecutions and Attorney General to support the arrest of the Former Finance Bank Chairman, Dr. Rajan Mahtani.

Judgement

The decision which was made earlier in 2012, will stand as same and therefore, Mahtani cannot be questioned on the share forgery claim anymore.

References

1948 births Living people 20th-century Zambian businesspeople Zambian people of Indian descent Businesspeople of Indian descent {{Africa-business-bio-stub