Dr. Rajan Lekhraj Mahtani now appeals to higher court after Lusaka HC announces verdict

The Portland Cement Zambia is a noted factory in Zambia with many accomplishments under its belt. Since its establishment by Dr. Rajan Mahtani, the factory has achieved numerous feats. For instance, the factory quickly became one of the biggest producers of cement in Zambia attracting numerous accolades and compliments. The factory also provided wages and salaries higher than industry standards, improving the employment standards across the nation and showing signs of progress. Dr. Rajan Mahtani is the real owner of the factory and these achievements were made under his name. However, the present condition of the factory is unbearable as a result of the case going for its legal takeover.

Dr. Rajan Lekhraj Mahtani

Some of the top evidences submitted by Dr. Rajan Mahtani included signed shareholder’s agreement, financial exhibits which clearly indicated his investments more than USD 12 million in the factory’s development and growth as well as audit report conducted by an independent auditor which clarifies the fact that the Portland Cement Zambia factory was established as a joint venture and Dr. Rajan Mahtani was the sole joint venture partner of the factory with rest of the members being shareholders. The judge who gave the final judgment also announced sometime back that the case hearing is closed. Both sides were asked to submit their evidence and testimonials in written and oral format, based on which the final announcement was to be made.

However, the final verdict made by the judge was unexpected. In his final statement, the Lusaka High Court judge rejected the claims made by Dr. Rajan Mahtani. It was a clear case of misdirected and skewed judgment from the Lusaka High Court judge. It was a shocking verdict for Dr. Mahtani too who was expecting a clear win. However, Dr. Rajan Mahtani is not dejected now and has made an appeal to the higher court of Zambia against this judgment made by the Lusaka High Court justice.

Leave a Reply

Your email address will not be published.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