The Former Finance Bank Chairman, Dr. Rajan Mahtani has been released from jail on June 6, 2015 as there were insufficient evidences and arguments to support that fact that the accused had committed criminal offenses in 2006.
According to confirmed reports, Dr. Mahtani was seen signing a document named as ‘Release and Compromise; where it is specifically mentioned that all criminal allegations have now been ‘permanently closed’ and the same will not be available for file any charges against the name of the Zambian businessman.
The people who had influenced the Government authorities to take this step are the Ventriglia family. Their objective was to eliminate Dr. Rajan Mahtani such that they can easily continue to loot the Zambezi Portland Cement Factory. Sadly, their plan was short-lived and now they will be soon facing charges based on corruption and ill-treatment of employees.
Dr. Rajan Mahtani considers Zambia as his motherland and has been working hard to ensure that development continues to take place in Zambia. He is the favourite of millions and has established high standards for safeguarding the interest of the employees and ensuring peace in operations.
Attached below is a publication which had disclosed the release of Dr. Mahtani.
**Update**
Dr. Rajan Mahtani had applied for judicial review in respect of his arrest which convicts him of forging signatures in the share transfer documents. The Lusaka High Court granted him judicial review on June 25 2015.