Portland Cement’s Final Verdict Raises Further Questions On The Lusaka HC Judgment

Dr. Rajan Mahtani is a famous businessman whose achievements span across three decades. He is known to establish companies that have special focus on the less privileged sections of the society. These include but not limited to Finance Bank Zambia, Finsbury Investments and Mahtani Group of Companies. His company Finance Bank Zambia also won accolades for its achievements in providing a better life for its less privileged customers. Despite these contributions to the nation, Dr. Mahtani is often at the centre of numerous conspiracies and false claims. This is majorly the work of jealous entities and individuals who have personal vendetta from him or are just jealous of his success and popularity among the masses. Never the less, Dr. Mahtani has never involved in similar conspiracies him and maintains an ethical and professional stance in every activity he undertakes.

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However, his honest and professional business conducts have not helped much in gaining back the Portland Cement Zambia factory. After the factory was illegally taken from him, a case was launched by Dr. Rajan Mahtani at the Lusaka High Court. In his appeal, Dr. Mahtani shared numerous strong evidences such as signed shareholder’s agreement, financial exhibits as well as independent audit report which clearly stated that the factory was established as a joint venture agreement and Dr. Rajan Mahtani was the sole joint venture partner of the factory. While these evidences were more than enough to prove that Dr. Mahtani is to actual legal owner of the factory, it took more than ten years for the court to arrive at a final decision.

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Even then, the final verdict raised more questions than solving them. The final verdict was given against Dr. Mahtani claims, and this judgment is completely against the evidence submitted. As such, Dr. Mahtani took immediate steps and appealed to the higher court of appeal against this misdirected judgment at the Lusaka High Court.

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