Fresh blames on Dr. Rajan Mahtani from Zambia Reports

After being silent for almost a month, the conspirators are once again back into business with a defamatory article on Dr. Rajan Mahtani. As per the latest publication of Zambia Reports, the author of the article, Evans Mulenga, claims that Dr. Mahtani has failed in an attempt to have ZPC (Zambezi Portland Cement) back into his custody. The article further claims that Justice F. Chishimba has rejected Dr. Rajan Mahtani’s claim to have the cement factory taken back from the hands of Ital Terrazzo Limited.

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Any reader would first of all realize the fact that the title of the article is itself misleading. How can a person take back something which already belongs to a concerned entity. It has never been claimed or said that Dr. Mahtani is the owner of the Zambezi Portland Cement, rather it is Finsbury Investments who owns ZPC. In the second place, the official records with PACRA is an evident proof that Finsbury Investment holds 58% shares of the factory and as a result, is already holding the ownership of the factory. Ital Terrazzo Limited has been the minority shareholder of the factory with 42% share of the factory and will continue to hold the same. Under no context, can it be regarded that ITL is the actual owner of the factory and would be able to have complete ownership of the factory.

As far as the discussion of share transfer is concerned, it is evident from the High Court Judgement in 2012 that Dr. Rajan Mahtani had not forged any signatures to have the ownership of the factory. Rather, it was a mutual arrangement during the inception period and the same shall continue to prevail until both the parties make a mutual agreement to change the same. The whole arrangement is nothing except for a well-planned conspiracy by the Ventriglia family and Zambia Reports to defame Dr. Rajan Mahtani.

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