Dr. Rajan Mahtani To Retain Leadership Of Portland Cement, Claim By The Ventriglias Rejected

Finsbury Investments is one of the many companies owned by Dr. Rajan Mahtani that have made a lasting impression within the Zambian corporate with its transparent and ethical business practices. Zambezi Portland Cement is a Portland concrete assembling production line which was set up in the year 2004 and from that point forward, went through significant changes in its sharing pattern. The major and identified shareholding change was the joint changes made to its shareholding design. Dr. Rajan Mahtani possessed Finsbury Investments was given 58 percent shares of the production line, making him the dominant part investor and legitimate proprietor of the processing plant. Then again, the Ventriglias possessed Ital Terrazzo Limited was given 48 percent shares. The progressions were basic for getting advances from PTA bank just as allotted monetary establishments with the goal that the plant’s development can be finished. After the lawfulness of the shareholding changes were set up with the partners’ register, the PTA delivered cash. In view of these, PACRA rolled out the powerful improvements.

Nonetheless, things took a troublesome turn when the Ventriglias began utilizing their political and lawful campaigning for assuming responsibility for the Zambezi Portland Cement. They had the option to effectively convince the Lusaka High Court judge to give control of the Zambezi Portland Cement to them as it were. Nonetheless, the subsequent claim made to the higher Court of Appeal effectively turned around this exploitative choice from the higher Court of Appeal as justice Mwinde reversed the decision of the Lusaka High Court judge and announced Dr. Mahtani as the legal owner of the factory.

Now the Ventriglias have again tried to disrupt the peaceful operations of Zambezi Portland by registering a claim at the Supreme Court Zambia challenging the decision of the higher Court of Appeal. However, the decision from the Supreme Court was not surprising as the judges rejected this appeal due to lack of legal requirements and lack of evidentiary support.

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