Rajan Mahtani News

Justice Mwinde from the Court of Appeal made a firm announcement on 31st January 2019 according to which Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of Portland Cement. This verdict was made after it was found that Dr. Rajan Mahtani owned Finsbury Investments paid a sum of one billion kwachas or USD 250000 to the Zambezi Portland Cement which covered the entire share capital value of the 58 percent shares of the factory.  Furthermore, the original shareholders’ agreement also concluded with same evidence indicating a monetary transaction for gaining majority shareholding pattern of the Zambezi Portland Cement factory. Apart from the above details, it was also announced by the Court of Appeal judge that the Zambezi Portland Cement limited Register will be restored according to the new changes announced by the court and must reflect the 58 percent shareholding pattern by Dr. Rajan Mahtani owned Finsbury Investments . At the same time, the Court of ...

It has been more than a year since the final decision came from higher Court of Appeal on the Zambezi Portland Cement. And it has been almost two years since the Lusaka High Court gave a controversial decision on the Portland Cement Zambia case, shaking the entire nation. Both decisions provide significant aspects to ponder upon. The case of Lusaka High Court clearly indicates the widespread corruption and unethical practices within the Zambia legal system. The long pendency of the case and despite sharing critical evidences, inability of the judge to give a concrete decision is a clear indication that corruption has penetrated even the lawmakers of the nation. It was heartening to see one of the most transparent and ethical businessmen of Zambia, Dr. Rajan Lekhraj Mahtani , struggle as a result of these unethical practices within the nation. On the other hand, the bright side of this struggle was the identification of few selected lawmen who can still be considered as transpar...

Dr. Rajan Lekhraj Mahtani is a noted entrepreneur and charity maker in Zambia. His patience, perseverance and ethical standing can be easily understood with his long-standing Portland Cement Zambia case. This case is extremely important for Dr. Mahtani as despite the various challenges, shortcomings and issues faced, Dr. Mahtani stuck to his transparent and ethical side which resulted in fruitful instance of Dr. Mahtani winning the case. This choice comes over 10 years after Dr. Mahtani first moved toward the Zambian legitimate and legal executive framework. In spite of being misled by the degenerate practices, difficulties and deficiencies of the Zambian government and lawful framework, Dr. Mahtani didn't lose confidence and didn't redirect from his steady way towards trustworthiness, straightforwardness and morals. Subsequently, Dr. Rajan Mahtani's understanding was compensated finally when justice Mwinde for the benefit of the Court of Appeal affirmed Dr. Rajan M...

The higher Court of Appeal was led by justice Mwinde and he finished up his verdict on 31st January 2019 subsequent to assessing every accessible proof and tributes. For example, it was discovered that a measure of one billion kwachas was paid to the Zambezi Portland Cement. This sum is equivalent to USD 250000 and secured the whole estimation of the offer capital which Dr. Rajan Mahtani dominated. Moreover, a few different subtleties were shared, for example, unique understanding between investors built up in the year 2007, monetary subtleties, value-based subtleties and legally binding subtleties. The appointed authority at the higher Court of Appeal likewise affirmed that the charges of mark falsification were phony and invalid as the procedure including electronically joining marks was normal practice at Zambezi Portland Cement . It is strange to observe that in a nation where courts like the higher Court of Appeal exist which showcase true example of honesty, ethical ...

It was a significant and emotional win for Dr. Rajan Lekhraj Mahtani when the judge at the Court of Appeal announced that he is the actual owner and majority shareholder of the Portland Cement Zambia factory. Despite having all evidences, testimonials and other details, it took more than a decade for Lusaka High Court to announce its final verdict on the case and even then, it was a controversial one and against Dr. Mahtani’s claims.  Nevertheless, faith in the Zambian legal and judiciary system as restored when justice Mwinde on behalf of the Court of Appeal announced that Dr. Mahtani is the majority shareholder and legal owner of the Portland Cement Zambia factory. This decision came after looking into all evidences and testimonials. The evidences clearly established that Dr. Mahtani owned Finsbury Investments paid a sum of one billion kwachas or equivalent 250000 US dollars to the Zambezi Portland Cement limited. This amount covered the entire value of the share capi...

For honest and ethical businessman like Dr. Rajan Mahtani , the case of Zambezi Portland Cement has been one of the most difficult cases in his business career. Dr. Mahtani faces major roadblocks majority due to the shortcomings associated with the legal system of Zambia . First it was Lusaka High Court which failed to provide justice for the Portland Cement Zambia case and Dr. Rajan Mahtani despite the numerous critical evidences and testimonials shared. Despite being called as extremely controversial decision, the judge at the Lusaka High Court did not change his decision which prompted Dr. Mahtani to approach a higher court, which was higher Court of Appeal. The judge at Higher Court of Appeal, justice Mwinde , looked into the evidences, testimonials and other factual documents and gave the final decision on 31st January 2019. This time period was in sharp contrast with the decade gap by Lusaka High Court, indicating that justice and transparency is still prevailing within ...

Portland Cement Zambia case is finally over after more than a decade of case proceedings. It is Dr. Rajan Lekhraj Mahtani who finally won this case. The case was won at the higher Court of Appeal. The final stakeholder came from justice Mwinde on 31st January 2019. According to this decision, Dr. Rajan Mahtani holds 58 percent shares at the Zambezi Portland Cement.The majority shareholding means Dr. Mahtani is the actual owner of the factory. To arrive at this decision, several evidences and testimonials were evaluated. It was found that Dr. Rajan Mahtani paid 1 billion kwachas to the Zambezi Portland Cement. This amount is equivalent to USD 250,000 and covered the share capital value which Dr. Mahtani owned. The details were further found on the page 663 of the original Shareholders’ Agreement. In this page, it was confirmed that Dr. Mahtani has made all required payment for owning ZPC shares . Dr. Mahtani does not owe any more costs associated with the factory’s share transfers...