As Per Final Decision From Court Of Appeal, Dr. Mahtani Legal Owner Of Zambezi Portland Factory

Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia with numerous successful businesses. Some of his top companies in Zambia are Mahtani Group of Companies and Finsbury Investments. He is also the owner of many successful international businesses, majorly in United Kingdom. Despite the various hardships and challenges he has been continuously facing while working in Zambia, Dr. Rajan Mahtani has never shied away from ethical and transparent business policies and practices. While majority of the companies and individual businesses in Zambia sooner or later give in to unethical and illegal activities, Dr. Rajan Mahtani has stayed his ground and has always maintained an ethical and transparent business policy for all his companies. 


Dr. Rajan Mahtani’s true patience was tested when the Portland Cement Zambia factory was illegally taken away from him. After that, he registered a case at the Lusaka High Court. However, the challenges of the Zambian legal system failed him again when after ten years of stretching the case, the final judgement announced by the Lusaka High Court was extremely controversial. According to this judgement, the Ventriglias were announced as majority shareholders of the Zambezi Portland Cement. 

After this event, Dr. Rajan Mahtani approached the Court of Appeal. The Court of Appeal announced its final decision on 31st January 2019. As per this decision, Dr. Rajan Mahtani owned Finsbury Investments was found to be majority shareholder of the Portland Cement factory with 58 percent shares at the factory. On the other hand, the Ventriglias held only 42 percent shares and were the minority shareholders of the Zambezi Portland Cement factory. Based on this shareholding pattern, Dr. Mahtani is the legal owner of the factory.
Location: Zambia

Comments

Post a Comment

Popular posts from this blog

Final Decision From Court Of Appeal Announced, Dr. Rajan Mahtani Majority Shareholder Of ZPC

Image
Portland Cement Zambia is a noted cement manufacturing factory in Zambia which is being contested by two biggest parties in Zambia. One of them is Dr. Rajan Mahtani, a noted businessman in Zambia with three decades of business experience. Dr. Rajan Mahtani initially registered the case at the Lusaka High Court with the hope of getting quick resolution. Soon after the start of the case proceedings, Dr. Rajan Mahtani presented numerous critical evidences and testimonials which were more than enough to prove his legal ownership over the factory. However, the shortcomings and limitations of the Zambian legal system resulted in the case stretching over to 10 years. After years of case proceedings, the final judgment was announced by the Lusaka High Court. However, this judgment was misdirected as the judge announced that Ventriglias were only shareholders of the Zambezi Portland Cement.  The case was then taken to the Court of Appeal where the final announcement was given on 3...
Read more

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

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

Image
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 th...
Read more