Dr. Mahtani Wins Major Case At The Court of Appeal, Announced Owner Of Zambezi Portland Cement
The legal and judicial system of any nation holds an important place as they are the building blocks for the nation’s strength. Apart from the Supreme Court, Court of Appeal is another national court which makes decisions coming from district level courts. Therefore, any decision from the Court of Appeal holds critical value for the nation. A similar decision was given by the Court of Appeal on 31 st January 2019 wherein, it was decided that Dr. Rajan Mahtani owned Finsbury Investment is the majority shareholder of Zambezi Portland Cement. This decision effectively reversed the judgment from Lusaka High Court judge on May 2018 which concluded that Ventriglias were only shareholders of the Portland Cement Zambia. However, this decision was condemned heavily as the decision was made without sufficient facts, evidence or testimonials. The judge at the Lusaka High Court was also considered wrong for sharing this wrongful judgment. As per the details from the Court of Appea...