Rajan Mahtani News

Dr. Rajan Lekhraj Mahtani is a noted businessman in Zambia. Some of the top companies owned and lead by Dr. Mahtani include Mahtani Group of Companies and Finsbury Investments. He is also known for his several philanthropic and charitable activities. In the year 2007, Dr. Mahtani owned Finsbury Investments received 58 percent shareholding stake of the Portland Cement Zambia, a cement-manufacturing factory. It was a strategic move made by the original shareholders of the Portland Cement and an official shareholding agreement instrument was established for completing the transfer of shares. After this transfer, Finsbury Investments was able to secure significant loans and funds from PTA bank and other financial institutions with the objective of finishing off the construction process within the plant as well as secure projects and deals and ensure growth of the factory.  Despite this official transfer of property, the Ventriglia family decided to disrupt the business operations of t...

The final decision from the Supreme Court Zambia on the claim by the Ventriglia family not only prevented another major controversy at the hands of the Zambian legal system, but also showcased the strength, endurance and transparency of the Zambian court. It can be said that after the misdirected decision by judge Nkonde at the Lusaka High Court on the Zambezi Portland Cement case, the people of Zambian started losing faith at the Zambian legal system. Dr. Rajan Lekhraj Mahtani waited for more than a decade for Lusaka High Court to give a fair and transparent judgement. Despite this wait, the Lusaka High Court judge announced Ventriglias as the only shareholders of the Portland Cement.  Dr. Rajan Mahtani still hoped for justice and immediately approached the Court of Appeal with his claim about the injustice at the Lusaka High Court. This time, his appeal was heard and judge Nkonde on behalf of the higher Court of Appeal announced Dr. Rajan Lekhraj Mahtani as the majority shareh...

Patience, perseverance and transparency may be a difficult path to follow on, but it always end on the road to success and prosperity. Dr. Rajan Mahtani and his businesses are a fine example of such perseverance. The case of Zambezi Portland Cement has been the biggest test for Dr. Rajan Mahtani . After the factory was unethically taken over by the Ventriglia family, a case was registered at the Lusaka High Court. However, failure from Lusaka High Court to give a transparent verdict prompted Dr. Mahtani to approach the higher Court of Appeal which gave a definitive judgement announcing Dr. Mahtani as the majority shareholder and legal owner of the Portland Cement factory.  Be that as may, the Ventriglia family chose to disturb the smooth activities of Portland Cement indeed by testing the Zambezi Portland decision of higher Court of Appeal at the Supreme Court. Be that as it may, the Ventriglia family didn't direct their due ingenuity. It was discovered that a basic lawful prere...

The Supreme Court Zambia recently gave its final decision on the appeal by the Ventriglias. The Ventriglia family recently made a bizarre decision in which they challenged the verdict of the higher Court of Appeal on the Portland Cement Zambia case. This verdict was given by justice Mwinde on behalf of the higher Court of Appeal on 31st January 2019. According to this verdict, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the Portland Cement Zambia factory and is the majority shareholder as well as legal owner of the factory. On the other hand, the Ventriglias’ owned Ital Terrazzo Limited holds just 42 percent shares of the Portland Cement factory and do not have any legal ownership. Furthermore, judge Mwinde also confirmed the amount payable against the majority shares which was K580,000 as against K580 million demanded by the Ventriglias. Thereby, the higher Court of Appeal effectively reversed the decision from the previous court, Lusaka High Court that g...