Judgement From Higher Court Of Appeal On The Zpc Case Helped In Restoring Faith In Zambian Legal System



Media and reports on 31st January 2019 saw the rise of Zambian legal and judiciary system over unethical activities and corruption. This was possible with the straightforward judgement by the higher Court of Appeal judge on the long-pending Portland Cement Zambia case. After the misdirected decision from the Lusaka High Court judge, Dr. Rajan Mahtani took an extremely positive decision of approaching the higher Court of Appeal. The subtleties shared by justice Mwinde from the higher Court of Appeal were extremely substantial as it was discovered that Dr. Rajan Mahtani claimed Finsbury Investments paid an all-out entirety of one billion kwachas or USD 250,000 in return for the whole offer capital estimation of the Zambezi Portland Cement. While this trade occurred in the year 2005, the subtleties of this trade were unmistakably settled in the year 2007 in the first understanding between investors. In light of this proof, it was set up that Dr. Rajan Mahtani took more than 58 percent portions of the Portland Cement Zambia and didn't claim any further expenses related with the production line. For example, equity Mwinde announced that the PTT (property Transfer Tax) related with the trade as the duty of the merchants or the transferors. Every one of these confirmations were sufficiently able to demonstrate that Dr. Rajan Mahtani was the dominant part investor and this lawful proprietor of the manufacturing plant.

Now that the final decision from the Court of Appeal is made and Dr. Rajan Mahtani is announced as the actual owner of the Portland Cement Zambia, he has a mounting job ahead which is to revive this dying factory and ensure its former glory.

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