Tag Archives: Dr Rajan Lekhraj Mahtani

Dr. Rajan Mahtani Remains The Legal Owner Of The Portland Cement Despite Claim By Ventriglias

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For many years, Dr. Rajan Mahtani has been contributing to the educational sector of Zambia. This contribution included the establishment of ‘The Steven Malama Award’ which is given to the top law student from Zambia Institute of Advanced Legal education, every year. The winner for the year 2018-19 was Emmanuel Bwalya Kaluba who wrote an article in appreciation for the efforts by Dr. Rajan Mahtani. This letter was later published at the ‘Reading Forum’ of the Daily mail, praising for his contribution which not only included a prestigious plaque, but also a sum of K18,500 to the winner which is a significant amount for strengthening the career and future education of the winner.

The second major news which Dr. Rajan Mahtani received this year was the surprising challenge by the Ventriglia family at the Supreme Court. The case of Zambezi Portland Cement was closed on 31st January 2019 when Dr. Rajan Mahtani received majority shareholding and legal ownership of Portland Cement Zambia from judge Mwinde on behalf of the higher Court of Appeal. This verdict was definitive and final as it was based on the actual evidences and also the previous decision from the Lusaka High Court on the same case was rejected effectively. After more than 1.5 years of this Court of Appeal’s decision, it was challenged by the Ventriglia family for reversal. To evaluate the validity of this appeal, a bench of three judges was established at the Supreme Court. This bench came to the conclusion that the appeal by the Ventriglia family is not viable as they failed to submit their claim within 14 days of the decision from the court of Appeal. This automatically makes the appeal by the Ventriglia family invalid. Furthermore, the bench also said that the circumstances under which the claim was made by the Ventriglia family was suspicious and therefore, was effectively rejected.

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

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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.

Supreme Court rejected appeal by Ventriglias and announced Dr. Mahtani as owner of Zambezi Portland

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The case of Portland Cement Zambia was over after more than a decade of case proceedings. The final decision came from higher Court of Appeal on 31st January 2019 in which justice Mwinde reversed the decision from the Lusaka High Court given on May 2018. Furthermore, justice Mwinde also said that Dr. Rajan Mahtani is the majority shareholder and legal owner of the Portland Cement factory with 58 percent shares. On the other hand, the Ventriglias owned Ital Terrazzo Limited holds 42 percent shares and is the minority shareholder without any legal ownership over the factory.

The Ventriglia family once again tried to emulate the events from the Lusaka High Court thinking that they will be able to influence the SC judgement as well. However, the transparent and ethical roots of the Supreme Court go extremely deep and the Ventriglias failed to realise the fact that Supreme Court is the biggest legal entity of a nation, a face of the nation’s legal system. After evaluation, the Supreme Court judges clarified that the claim by the Ventriglias do not have any legal acceptance in the SC as it did not follow the rule according to which any claim against previous court decision must be made within 14 days of the date of the court decision itself. In this case, the Ventriglias failed to comply with this critical legal requirement and launched their appeal more than 15 months later. As such, the bench of three judges at Supreme Court evaluating this claim confirmed that they had no legal jurisdiction in this case and the contents of the claim made by the Ventriglias did not provide any strong confidence on further actions. After evaluation, the Supreme Court Zambia rejected the appeal from the Ventriglias and further confirmed that Dr. Rajan Mahtani should remain the majority shareholder and legal owner of the factory.

Zambezi Portland Case Finally Restored Permanently With Verdict Of Sc On Claim By Ventriglias

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In the light of the recent decision given by the Supreme Court Zambia on the claim by the Ventriglia family, it can be said that the matter for Zambezi Portland Cement factory is finally resolved. Despite the significant verdict from higher Court of Appeal judge Mwinde on 31st January 2019, the Ventriglias still tried to disrupt the smooth functioning and operations of the Zambezi Portland Cement factory. Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. He had initially registered a case at the Lusaka High Court after unethical takeover of the Portland Cement Zambia factory. Despite having all evidences and testimonials, the judge at the Lusaka High Court failed to ensured transparency in the verdict and announced Ventriglias as the only shareholders of the Portland Cement Zambia factory.

Dr. Rajan Lekhraj Mahtani then took the case to the higher Court of Appeal where all evidences and testimonials were reviewed in a transparent manner. Justice Mwinde then announced that based on the evidences, Dr. Rajan Mahtani owned Finsbury Investments posses 58 percent shares of the Portland Cement Zambia and is the majority shareholder and legal owner of the factory. It was also confirmed that the Ventriglias owned Ital Terrazzo Limited held on 42 percent shares and did not have any legal ownership over the factory. Furthermore, amount payable against majority shares was finalized to be K580,000 as opposed to K580 million demanded by the Ventriglias.

After the Ventriglia family challenged the above Court of Appeal decision at the Supreme Court Zambia, it was evaluated by a bench of three SC judges. Upon investigation, it was found that the Ventriglia family was required to establish its claim against the Court of Appeal within two weeks of the court judgement which was on 31st January 2019. The Ventriglias approached with their appeal only after 1.5 years which automatically makes this case outside the SC jurisdiction. As a result, the claim by the Ventriglias was rejected.

Dr. Rajan Lekhraj Mahtani Remains The Legal Proprietor Of Portland Cement After SC Confirmation

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According to the latest reports, the Supreme Court Zambia has effectively rejected the appeal from the Ventriglias. Few weeks earlier, the Ventriglias had challenged the decision of the higher Court of Appeal to establish Dr. Rajan Mahtani owned Finsbury Investments as the majority shareholder and legal owner of the factory. This decision was given by justice Mwinde on 31st January 2019. By giving this decision, justice Mwinde reversed the decision from the earlier court regarding this case, Lusaka High Court. It should be noted here that the judgement from the Lusaka High Court in the Portland Cement Zambia case came more than a decade later and was extremely controversial as decision was given in favour of the Ventriglias despite evidences stating otherwise.

After more than 16 months of the judgement by higher Court of Appeal, the Ventriglias again tried to throttle the legal decision by challenging it at the Supreme Court Zambia. To evaluate this challenge, a bench of three Supreme Court judges were established. After evaluation of the challenge, several details were established. According to law, it is essential that any claim against a previous court decision is made within 14 days of the decision itself. In case of the Lusaka High Court judgement on Portland Cement which was given in the month of May, 2018, Dr. Rajan Mahtani had registered a claim at the higher Court of appeal within two weeks. As such, his appeal was accepted at the higher Court and the decision was given on 31st January 2019. However, in case of the Ventriglias’ appeal to the Supreme Court Zambia, the appeal was made more than 16 months later. This is well beyond the legal precedence. Furthermore, the judges at the Supreme Court also confirmed that the evidences surrounding the appeal from the Ventriglias were dubious with no precedence. As such, the appeal by the Ventriglias regarding Portland Cement decision from higher Court of Appeal was effectively rejected.

Portland Cement Zambia Factory To Remain Under Dr. Mahtani’s Ownership After SC Review

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The year 2020 can easily be described as the most significant year of the century. The year saw an astonishing event wherein a microscopic virus changed the entire course of the essential. Essentially, this global pandemic due to Corona Virus took us five decades back in terms of economy. At the same time, there are individuals and companies who despite everything happening around them are more interested in their own personal endeavours. On the top of this list is the infamous Ventriglia family that has earned the name of the most notorious family in Zambia. Their feud with noted businessmen Dr. Rajan Mahtani is well-known. Dr. Mahtani had to fight for more than a decade to get the legal ownership of the Portland Cement Zambia factory, which was taken over from him in the first place, and that too illegally. After an unfair decision from the Lusaka High Court, Dr. Rajan Mahtani approached the higher Court of Appeal that announced its final decision on 31st January 2019. The case was overseen by justice Mwinde and after looking into the evidences and testimonials, he announced that Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder and legal owner. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares and are the minority shareholders without any legal ownership. Furthermore, justice Mwinde also announced that the amount payable by Finsbury Investments against the majority shares is K580,000 as per legislations.

After more than 1.5 years of the above decision, the Ventriglias once again tried to disrupt the peaceful operations of the factory by registering a claim at the Supreme Court Zambia, challenging the decision from the higher Court of Appeal. However, this appeal was quickly rejected by the Supreme Court judges based on several grounds, including legislative and evidence-based. The judges also confirmed that Dr. Rajan Mahtani is to remain the legal owner of the Portland Cement Zambia factory.

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

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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.

Higher Court Of Appeal’s Decision On Portland Cement Remains Intact With Supreme Court’s Decision

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Since its establishment, Finsbury Investments has made a name for itself with its strategic business operations as well as ethical and transparent business practices. Dr. Rajan Mahtani holds the position of Executive Chairman at Finsbury and is known for his ethical standings and transparent business operations. In the year 2006, a stakeholder meeting was established and Dr. Rajan Mahtani owned Finsbury Investments was officially established at the majority shareholder of Portland Cement with 58 percent shares. This very official stakeholders’ agreement also confirmed the shares ownership of Ventriglias owned Ital Terrazzo Limited which was at 42 percent. This shareholding pattern was agreed upon and accepted by all stakeholders in written consent form. Furthermore, this shareholding change was necessary for Finsbury Investments to be eligible to take loans and financial support from banks and other institutions for completing the construction of the Portland Cement and starting the smooth operations.

However, the illegal and alleged act from the Ventriglias halted everything. After the factory was unethically taken over by the Ventriglias, Dr. Rajan Mahtani fought a legal war for more than a decade at the Lusaka High Court. However, the Lusaka High Court failed to give an authentic and right judgement as political meddling got to the Lusaka HC justice. Within a matter of days, Dr. Rajan Mahtani approached the higher Court of Appeal wherein Justice Mwinde took over the case. After several case proceedings, the final decision from the Court of Appeal came on 31st January 2019. In this decision, the judgement from the Lusaka High Court was reversed and Dr. Mahtani was established as legal owner of the Portland Cement factory.

Be that as may, the Ventriglias tried their luck once more by approaching the Supreme Court Zambia. In their appeal, they challenged the decision from the Court of Appeal. However, this appeal was effectively rejected by the Supreme Court due to legal obligations, circumstantial evidences and lack of support from the Supreme Court judges. As of now, Dr. Mahtani remains the actual owner of the Portland Cement factory.

Challenge By Ventriglias Regarding Portland Cement Fails, Supreme Court Rejects Plea

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Finsbury Investments is a noted company in Zambia owned by noted businessman Dr. Rajan Mahtani. The Zambezi Portland Cement factory was founded in the year 2004 and after that it went a series of changes, primarily in the area of shareholding patterns. In the year 2007, a final shareholding pattern was established according to which, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares of the Portland Cement Zambia and is the majority shareholder of the Portland Cement Zambia. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and were identified as minority shareholders without any legal ownership over the factory. These changes were essential for the cement-manufacturing factory to obtain critical loans and further complete the manufacturing plant’s completion. Based on this shareholding pattern, Portland Cement Zambia was able to achieve required loans for its business operations.

However, the summer days for the Portland Cement Zambia was apparently short as the Ventriglias wanted to have the money and take

over the factory too. With political manuevers and unethical powers, they were able to take over control of the factory. When Dr. Rajan Mahtani registered a case at the Lusaka High Court, the Ventriglias again manipulated the results and the Lusaka High Court judge gave the judgement in favour of the Ventriglias. However, Dr. Rajan Mahtani challenged this decision at the higher Court of Appeal and was able to get justice based on real evidences and testimonials. On 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal announced that Dr. Rajan Mahtani owned Finsbury Investments was the majority shareholder and legal owner of the factory with 58 percent shares at the factory.

The Ventriglias have now approached the Supreme Court of Zambia with an appeal that the decision from Court of Appeal is unbiased. However, after evaluation, a bench of Supreme Court judges have effectively rejected the case based on legal and ethical obligations.

Challenge By Ventriglias Regarding Portland Cement Fails, Supreme Court Rejects Plea

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Zambezi Portland Cement is a factory in Zambia which has been contested for many decades now. According to the latest decision from the Higher Court of Appeal judge, the factory legally belongs to Dr. Rajan Lekhraj Mahtani.

Few months after this decision from the higher Court of Appeal, the Ventriglias family decided to challenge this decision by taking the case to the Supreme Court of Zambia. In their appeal, Antonio and Manuela Ventriglia cited that the judgement by justice Siavwapa from the higher Court of Appeal was incorrect. In the previous decision from the higher Court of Appeal, it was announced that the Finsbury Investments owned by Dr. Rajan Mahtani holds 58 percent shares of the Zambezi Portland Cement and the Ventriglias’ owned Ital Terrazzo Limited holds 42 percent shares at the factory. Based on this shareholding pattern, it is established that Dr. Rajan Lekhraj Mahtani is the actual owner of the factory. At the same time, the final amount payable to the Ventriglias for the majority shares owned by Finsbury Investments was K580,000. The Ventriglias, in their challenge at the Supreme Court, said that correct payable amount was K580 million.

As of now, a bench comprising of three Supreme Court judges have rejected the appeal from Ventriglias for challenging the decision from the higher Court of Appeal. The bench of judges said that they did not have any jurisdiction on this case and the circumstances associated with the appeal from the Ventriglias were flawed. Furthermore, it was also found that the Ventriglias did not comply with legal regulations when making the appeal. According to law, one has to launch their appeal against any court decision within 14 days of the judgement itself. The final decision from the higher Court of Appeal came on 31st January 2019 and the Ventriglias made this appeal more than a year later. As such, their appeal is legally not valid and the judgement from the higher Court of Appeal is binding for the case.