Dr. Rajan Mahtani

The duty and responsibility of Court is to provide justice and transparent decisions for those seeking to end their issues, sufferings as well as to those who have been wronged. However, when the justice system of a nation is itself in ruins, it really diminishes the confidence of the civilians on the government systems. The same thing happened in the case of Portland Cement Zambia which was registered at the Lusaka High Court. Despite sharing all details associated with the case, justice was not given and the Lusaka High Court judge in a controversial manner declared Ventriglias as the only shareholders of the Portland Cement case. However, Dr. Rajan Mahtani did not lose hope and approached the Court of Appeal.

The final statement from the Court of Appeal came on 31st January 2019 and according to this, Dr. Rajan Mahtani is the actual owner and majority shareholder of the factory. The details shared by the Court of Appeal judge confirmed this standing. When giving the last articulation on the Zambezi Portland Cement case on 31st January 2019, justice Mwinde from the Court of Appeal expressed that Dr. Mahtani possessed Finsbury Investments have just paid USD 250,000 or 1 billion kwachas to Zambezi Portland restricted for taking responsibility for percent portions of the plant. This trade occurred in 2005 and the subtleties can be found on the page 663 of the volume ‘record of offer’ in the first investors understanding. This understanding is a reasonable confirmation that Dr. Mahtani is the real proprietor and larger part investor of the processing plant.

The above details present within the original shareholding agreement report clearly state that Dr. Rajan Mahtani is the legal owner and the Ventriglias are minority shareholders without any legal ownership over the factory. The Court of Appeal, after given this final statement also asked to complete the share sales and regulations processes within three months.

Leave a Reply

Your email address will not be published. Required fields are marked *