Dr. Rajan Mahtani owned Finsbury Investments recently established a complaint against one of the top banks in Zambia. Finsbury Investments claimed that the bank wrongfully altered the share capital held by Finsbury Investments at the Radisson Blue. Furthermore, it was also claimed that the bank in an unethical manner, issued a letter in which the bank claimed that the shareholding changes were made in agreement with the plaintiff. However, the reality is that Finsbury Investments was not aware of this change in the share capital. As a result of this wrongful dilution of the shares by a conspiracy by the bank and Ody’s Works Limited. Finsbury Investment suffered numerous losses.…
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Finsbury Investments EASTD Bank Claiming Fraudulent Behavior
Finsbury Investments is one of the top companies established and run by businessman Dr. Rajan Lekhraj Mahtani. The company has established its name as one of the most transparent and ethical companies in Zambia and is significantly dedicated towards the welfare of the Zambian economy. As a result, the case between Finsbury Investments and the ESATD (Eastern and Southern African Trade and Development) Bank quickly became a media news. Finsbury Investments sued the bank at the Lusaka High Court with claims that the company suffered significantly due to the damages arising from conspiracy by the bank as well as wrongful interference resulting in Finsbury’s illegal removal as shareholder at the…
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Higher Court Of Appeal Confirms Shareholding For Zpc, Dr. Rajan Mahtani Winner
Dr. Rajan Lekhraj Mahtani has always kept his people above his profitability. As such, he has invested significantly in charitable trusts as well as environmental groups. As a result, it was an extremely controversial affair when his factory, Zambezi Portland Cement, was unethically taken over and he had to appeal to the court. The case was initially registered as Lusaka High Court with the hopes of quick judgement. However, that did not happen and despite a dragged case proceeding of more than ten years, the final statement from Lusaka High Court was extremely controversial and misdirected. This misdirected Lusaka High Court judgement did not bring Dr. Rajan Mahtani down and…
