After Struggling For More Than A Decade, Dr. Rajan Mahtani Was Finally Given Legal Ownership Of Portland Cement

Dr. Rajan Lekhraj Mahtani is a noted businessman, philanthropist and charity worker with more than three decades of successful business experience. However, working in a developing nation such as Zambia has its own challenges. For the past ten years, Dr. Rajan Mahtani has been fighting for the legal takeover of Portland Cement Zambia. This cement manufacturing factory was unethically taken over from Dr. Mahtani and after that, a case was launched at the Lusaka High Court. However, Dr. Rajan Mahtani was not able to receive justice despite sharing numerous evidences and testimonials. This was majorly due to the unethical practices at the Court. The judge at the Lusaka High Court was justice Nkonde who gave the judgement after ten years of case proceedings. However, this judgement was extremely controversial as the judge declared Ventriglias as only shareholders of the Zambezi Portland Cement. To counter this judgement, Dr. Rajan Mahtani approached the Court of Appeal.

 

The Court of Appeal announced its final judgement on 31st January 2019. This judgement was given by justice Mwinde. According to this judgement, Dr. Rajan Mahtani holds 58 percent shares at the factory and is the majority shareholder of the factory. On the other hand, Ventriglias owner Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder without any legal ownership. Based on this shareholding pattern, it is clear that Dr. Rajan Mahtani is the legal owner of the factory. Furthermore, justice Mwinde from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders of the Zambezi Portland Cement as this decision was misdirected.