After 10 Years Of Wait, Dr. Rajan Mahtani Wins Case Of Portland Cement, Announced Legal Owner


The Court of Appeal made a critical decision on 31st January 2019. This decision is related to Zambezi Portland Cement, a cement manufacturing factory which was being contested by two major parties in Zambia. These two parties are Dr. Rajan Lekhraj Mahtani and the Ventriglias. While Dr. Rajan Mahtani has made a name for himself with his transparent and ethical business practices as well as successful business ventures, the Ventriglias are notorious for their unethical business practices. The Zambezi Portland Cement factory case was first registered at the Lusaka High Court and the court proceedings went for more than ten years before the final decision was announced during May 2018. However, the final decision was itself controversial as the judge at the Lusaka High Court announced that the Ventriglias were only shareholders of the Zambezi Portland Cement.
The case was then taken to the Court of Appeal wherein Justice Mwinde announced the final decision. According to this decision, Finsbury Investments which is an entity owned by Dr. Rajan Mahtani holds 58 percent shares at the Zambezi Portland cement factory. This means it is the majority shareholder of the factory. On the other hand, Ital Terrazzo Limited which is an entity owned by the Ventriglias hold 42 percent shares at the factory and is the minority shareholders. This decision aligns with the original shareholders agreement which was established in the year 2007. Therefore, Dr. Rajan Mahtani becomes the legal owner of the cement factory.
All allegations of forgery have been discarded and a timeline of three months have been provided by the Court for completion of share regularization process.

Location: Zambia

Comments

Post a Comment

Popular posts from this blog

As Per The Latest Decision By Lusaka High Court, Dr. Rajan Mahtani Real Owner Of Zambezi Portland

Image
The case of Portland Cement Zambia is finally closed. The case was contended by two major business parties within Zambia- Dr. Rajan Mahtani and the Ventriglias. Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia with numerous successful business ventures such as Finsbury Investments and Mahtani Group of Companies. He is also the proud owner of several international businesses, some across developed nations such as the United Kingdom. On the other hand, The Ventriglias are infamous for their unethical business practices and use for force for getting business advances. As such it was a surprise for everyone when the Lusaka High Court announced that Ventriglias were only shareholders of the Zambezi Portland Cement. It was a shock to everyone including Dr. Rajan Mahtani who had presented evidences which were strong enough to prove his legal authority over the factory. However, Dr. Rajan Mahtani did not lose faith on the Zambian justice system and launch
Read more

Dr. Rajan Mahtani To Support Decision On Abolishing Death Penalty.

Image
  The year 2022 is coming to an end. Recently, the Forbes ‘Best of Africa’ awards were celebrated for the year 2022 in Africa in conjunction with the FIN. Foreign Investment Network (FIN) in partnership with Forbes Best of Africa has earmarked leading lighting fixtures in the enterprise, politics, innovation, leadership, and the financial system in Africa. The occasion is certainly one of the largest and most prestigious. A foremost spotlight of the event may be the celebration of critical personalities who've and keep having considerable influence on the commercial enterprise, political, leadership, and the economic panorama of Africa. The awards are coming after months of extreme studies and thorough verification exercises by using FIN and FORBES and may be offered through none apart from Mark Furlong, President of Customs Solutions at Forbes. Noted Businessman and philanthropist Dr. Rajan Mahtani  won this award for the year 2021. For his significant contributions towards redefi
Read more

Dr. Rajan Mahtani Supports Death Penalty Abolishment

Image
  In a recent piece at the ‘Mast Newspaper’ Dr. Rajan Mahtani stated that the law of death penalty is degrading and the latest announcement by using the Zambian President is a step in the right direction. President of Zambia Hakainde Hichilema, at the eve of Africa Day, made an assertion of his quest closer to abolishing the inhuman, degrading and cruel punishment of death penalty. This statement has acquired mixed reactions with numerous local, national and international packages assisting this flow. Dr. Rajan Mahtani has additionally supported this statement through the Zambian President. Dr. Rajan Lekhraj Mahtani is a noted businessperson and philanthropist from Zambia. He is the owner of numerous pinnacle corporations and is also regarded for several philanthropic contributions across Zambia and Africa. One of those philanthropic contributions had been the Prison Fellowship Zambia, which was set up by using Dr. Rajan Mahtani. It is a famous and appreciate Christian Outreach Progra
Read more