According To The Latest Results For ZPC, Dr. Rajan Mahtani Wins Big At The Court Of Appeal

Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. For the past decade, he fought for the legal takeover of the Zambezi Portland Cement factory at several courts. First, it was Lusaka High Court where the case went for more than a decade. The judge who gave the final announcement was justice Nkonde who even after being shared the right evidences and testimonials, gave the judgement that Ventriglias were only shareholders of the Zambezi Portland Cement. Since this judgement was controversial, Dr. Rajan Mahtani again approached the Court of Appeal. 


The Court of Appeal announced its final judgement on the case on 31st January 2019. This judgement was given by justice Mwinde from the Court of Appeal. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement with 58 percent shares at the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder of the Zambezi Portland Cement. This decision aligns with the original shareholders agreement which was established in the year 2007. Based on this shareholding pattern from the Court of Appeal, it is clear that Dr. Rajan Mahtani is the legal owner of the factory. 

While giving the judgement, Justice Mwinde also said that the judge below him was wrong in declaring Ventriglias as only shareholders of the Zambezi Portland Cement as this decision was biased and misdirected. As of now, all allegations of forgery and other inconsistent charges against Dr. Mahtani and Finsbury Investments have been dropped and Dr. Mahtani has been awarded the Portland Cement Zambia.
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