Case Of Zambezi Portland Cement Finally Closes After A Decade Of Case Proceedings

Dr. Rajan Lekhraj Mahtani was finally given justice after several years of patient wait. This justice pertains to the case of Portland Cement Zambia, the final statement for which was announced at the Court of Appeal on 31st January 2019. Based on this statement, it was confirmed that Dr. Mahtani held 58 percent ZPC shares through his company Finsbury Investments and is the actual owner of the Portland Cement Zambia factory. The Ventriglias, on the other hand, holds just 42 percent shares and were declared as minority shareholders. 

The decisions from the Court of Appeal and further declaration of the details associated with the case showcase the various challenges Portland Cement faced due to the limitations and shortcomings of the Zambian legal system. It was discovered that the procedure of mechanical situation or electronical appending marks for business exchanges was a typical just as acknowledged practice at the Zambezi Portland Cement. In that capacity, making claims of misrepresentation and phony against a training which is formally acknowledged was viewed as unjustifiable and the charges were disposed of. The judge from the Court of Appeal likewise dispel any confusion air on Property Transfer Tax. As indicated by the laws related with PTT, it was discovered that the transferor or the seller holds the duty of covering the assessment and all things considered, Dr. Rajan Mahtani was additionally liberated from making good on any such duty. Simultaneously, the Court of Appeal judge additionally affirmed that the Zambezi Portland Cement register must be re-established appropriately dependent on the new choice from the court and should mirror the 58 percent shares holding by the Finsbury Investments, possessed by Dr. Rajan Lekhraj Mahtani.