Evidences submitted by Dr. Mahtani goes waste, Judge announces verdict against


In a very confusing event, the judge handling the case of Portland Cement Zambia gave a bizarre judgment on the case. Portland Cement Zambia is a cement-manufacturing factory which is currently being contested by two biggest business houses in Zambia. Dr. Rajan Lekhraj Mahtani is among one of them and is one of the most famous and noted businessman in Zambia. Dr. Rajan Mahtani has more than 30 years of business experience and during this time, he has established numerous successful ventures. Some of these ventures are Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is currently fighting for the legal takeover of the Portland CementZambia factory which according to his claims, legally belongs to Dr. Rajan Mahtani.

The case was launched by Dr. Rajan Mahtani at the Lusaka High Court, almost 10 years ago. During this long trial, Dr. Rajan Mahtani and his lawyers submitted numerous documents to prove his ownership over the factory. Some of the major documents included signed shareholder’s agreements and independent audit report conducted by an independent auditor which clearly stated that the factory was established as joint venture establishment and Dr. Rajan Mahtani was the sole joint venture owner of the factory. Other critical evidences included testimonials for factory representatives as well as investment and financial reports showing investment of more than USD 12 million from Dr. Mahtani towards development of the factory.
Despite these strong evidences, final judgment was given against Dr. Mahtani’s claims which shocked everyone. As such, Dr. Mahtani took the right steps and requested an appeal to the higher court of appeal at Zambia.

Location: Zambia

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