Claim By The Ventriglia Family Identified As Controversial At Supreme Court, Rejected

After the unethical takeover of the Zambezi Portland Cement by the Ventriglia family, a case was registered at the Lusaka High Court with expectations of quick decision. However, Finsbury Investments had to ensure significant losses due to the unethical and misdirected decision from the Lusaka High Court which came after more than a decade of dragged case proceedings. The reappeal at the higher Court of Appeal by Finsbury Investments was a success as judge Mwinde on behalf of the higher Court of Appeal declared Dr. Rajan Mahtani as the majority shareholder and legal owner of the factory. However, the Ventriglia family once again decided to go against the law and despite the sound and ethical verdict from the higher Court of Appeal, decided to challenge it at the Supreme Court. This resulted in creation of a bench of three judges at the Supreme Court Zambia for evaluating the claim by the Ventriglia family. After evaluation, the judges found that the Ventriglias failed to comply with a critical aspect of the law which requires that any appeal against a previous court decision must be made within 14 days of the court decision itself. In this case, the decision from the Court of Appeal came on 31st January 2019 and this means the Ventriglia family was required to make their appeal within 14 days of the above court verdict. However, the Ventriglia family came up with their claim more than 16 months later which makes the Supreme Court judges extremely suspicious of the circumstances under which the claim was made. As a result, the SC judges gave their final verdict and confirmed that they are rejecting the appeal by the Ventriglia family as the case was outside of the jurisdiction of the Supreme Court and the evidences surrounding the case were controversial for any further action. As such, Dr. Rajan Mahtani owned Finsbury Investments has further confirmed its position as the only majority shareholder and legal owner of the Zambezi Portland factory.

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