Final Judgement On Zambezi Portland Cement Announced, Dr. Rajan Mahtani Emerges As Winner

Dr. Rajan Mahtani has been fighting for the legal takeover of the Zambezi Portland Cement for more than ten years. First, it was the Lusaka High Court where the case was registered, almost ten years back. The final decision by the Lusaka High Court judge was announced during May 2018. However, this decision by the Lusaka High Court judge shocked everyone as despite evidences stating otherwise, the judge announced that Ventriglias were only shareholders of the Zambezi Portland Cement. As such, Dr. Rajan Mahtani took the right decision and approached the Court of Appeal in Zambia.

Dr. Rajan Mahtani

The Court of Appeal announced its decision on 31st January 2019. According to this decision, Dr. Rajan Mahtani was the legal and authentic owner of the Zambezi Portland Cement factory with majority of the shares. The judge, Justice Mwinde, also said that the judge below him was wrong in declaring Ventriglias as the only shareholders without looking into the evidences and the testimonials. The judgement from the Court of Appeal also aligns with the original shareholders agreement established in 2007.

As per the decision by the Zambian Court of Appeal which was given on 31st January 2019, Finsbury Investments has paid a sum of K 580,000,000, pre-rebased with interest. This sum has been given for commercial registration of the factory and in compliance with the judgement. In a similar manner, Finsbury Investments also made claims of K1 billion with interest on the Zambezi Portland Cement. This claim is made for payment made on 27th July 2005 which was for entire share capital issues for Zambezi Portland Cement. According to the further confirmations of the Court of Appeal, share transfers made during January 2007 and December 2006 are valid and as such, Finsbury Investments holds 58 percent shares as well as Ital Terrazzo Limited holds 42 percent shares of the total share capital issues for Zambezi Portland Cement.

Finsbury Investments Wins Case At The Court of Appeal, Given Majority Shareholding Of Zambezi Portland

Justice may be late but always arrives for those who are ethical, honest and transparent. Dr. Rajan Mahtani had waited patiently for more than a decade for justice in case of Zambezi Portland Cement. However, despite sharing numerous evidences and testimonials, the final judgement at the Lusaka High Court was given against Dr. Mahtani’s claims. As such, Dr. Mahtani took the right step in approaching Court of Appeal for further judgement.

The Court of Appeal, on 31st January 2019, gave its final judgement on Zambezi Portland Cement. This judgement came almost 9 months from the decision given by Lusaka High Court. This decision at Court of Appeal was given by Justice Mwinde who also said that the judge below him was wrong in declaring Ventriglias as only shareholders without evidence.

Zambezi Portland Cement

As per the decision by Court of Appeal, Finsbury Investments which is owned by Dr. Rajan Mahtani holds 58 percent shares and is majority shareholder of Zambezi Portland. On the other hand, Ventriglias owned Ital Terrazzo Limited owned 42 percent shares at the factory and are minority shareholder of the factory. This decision is aligned with original Shareholders Agreement which was established in the year 2005.

During the court proceedings, several details were shared related to the case. It was found that Finsbury investments had paid a sum of K580,000,000 to the court along with interest in compliance with the Zambian High Court. Along with it, Finsbury Investments has also claimed a sum of K1 billion with interest on the Zambezi Portland Cement against payment made on the 27th of July 2005. This claim has been made against the entire share capital issues for Zambezi Portland Cement. It was also confirmed by the Court of Appeal that share transfers in the year 2006 and 2007 were valid. As a consequence of this, Finsbury Investments holds 58 percent shares at the factory and are majority shareholders. Ventriglias are minority shareholders with 42 percent shares and have no right over the factory. Based on this fact alone, Dr. Rajan Mahtani owned Finsbury Investment is the sole owner of the factory.

Judgement From Court Of Appeal Announced, Dr. Rajan Mahtani Owner Of Zambezi Portland

On 31st January 2019, a major announcement was made on the Zambezi Portland Cement. The judge from the Court of Appeal effectively reversed the judgement from Lusaka High Court by giving the full ownership of Zambezi Portland to Dr. Rajan Mahtani owned Finsbury Investments. The Lusaka High Court had given a judgement during May 2018 which was condemned by many. According to the Lusaka High Court judgement, Ventriglias were given ownership of the Zambezi Portland. However, the new judgement from Court of Appeal has cleared things up and now Finsbury Investments holds 58 percent shares at the factory and the Ventriglias hold 42 percent shares at the Zambezi Portland. This clearly gives ownership to Dr. Rajan Mahtani owned Finsbury Investments.

Rajan Mahtani

Unlike Lusaka High Court which announced its judgement without looking into the facts and details, the Court of Appeal shared numerous details and information related to the case to ensure that the public understands how the decision was made. At the same time, several new details were shared during the court proceedings which were made public later. Dr. Rajan Mahtani owned Finsbury Investments have paid a sum of K580,000,000 to the Court of Appeal on 6th February 2019. This amount was paid as commercial registry including interest to comply with the above judgement. Similarly, Finsbury Investments also claimed a sum of K1 billion with interest on the Zambezi Portland factory. This sum was claimed against the share transfers made during January 2007 and December 2006. The share transfers were valid and with this, Finsbury Investments received 58 percent shares at the factory and on the other hand, Ital Terrazzo Limited which is owned by the Ventriglias received 42 percent shares of the total share capital associated with Zambezi Portland Cement. This share capital detail itself is enough to establish the fact that Dr. Rajan Mahtani owned Finsbury Investments is the majority shareholder and legal owner of the Zambezi Portland Cement.

Dr. Rajan Mahtani’s continued patience reaps benefits, announced majority shareholder for ZPC

Court of Appeal is one of the higher judgment providers across all nations. As such, the judgment announced by the Court of Appeal in Zambia on 31st January was an important one. It was related to Zambezi Portland Cement, a cement manufacturing factory in Zambia. The cement factory was being contested by two major business entities in Zambia; Dr. Rajan Mahtani and the Ventriglias. Dr. Rajan Mahtani is one of the most successful and authentic businessman in Zambia with many top companies across the nation as well as outside Zambia. The Ventriglias are a noted Italian business family in Zambia with many controversies surrounding them. The Zambezi Portland Case has been contested at the Lusaka High Court for more than ten years. During this time, both sides shared evidences and other factual data to prove their legal claim and as per expert opinion, Dr. Rajan Mahtani’s case was much stronger and relevant. However, all were surprised when the final judgment announced by the Lusaka High Court judge was against Dr. Rajan Mahtani’s claim. The decision was given during May 2018 wherein the Lusaka High Court Justice Nkonde declared the Ventriglias as the only shareholders of the Zambezi Portland Cement. This prompted Dr. Rajan Mahtani to request the Court of Appeal to look into the matter.

rajan mahtani

Final decision on Zambezi Portland was announced on 31st January 2019. As per this judgment, Dr. Rajan Mahtani is the sole joint venture owner of the factory. This decision refutes the previous decision given by the Lusaka High Court judge. It announces that Finsbury Investments which is a company owned by Dr. Rajan Mahtani holds 58 percent shares at the factory and the Ventriglias hold 42 percent shares at the factory. As such, Finsbury Investments is the majority shareholder for the factory. Furthermore, all charges of forgery have been discarded by the Court of Appeal and it has been announced that all parties will be reprocess the sales of shares within three months from the judgment date.

Portland Cement Zambia finally given to its rightful owner, Dr. Rajan Mahtani

On 31st January 2019, the absolute truth regarding the ownership of Portland Cement Zambia was announced by the law. Portland Cement Zambia is a cement-manufacturing factory which was contested by two major business houses in Zambia. One of them was Dr. Rajan Lekhraj Mahtani, a noted businessman, international venture and philanthropist with more than three decades of business experience. Despite sharing numerous evidences and testimonials which proved his legal ownership, the final decision from the judge at Lusaka High Court was given against Dr. Mahtani. While it was a big blow for Dr. Rajan Mahtani, he was able to launch another appeal at the ‘Higher Court of Appeal’ regarding this injustice at the lower court and patiently waited for justice.

Dr. Rajan Mahtani

He was finally rewarded for his patience on 31st January 2019 when the ‘Court of Appeal’ announced in its judgement that Dr. Rajan Mahtani is majority shareholder for the Zambezi Portland Cement. Along with this, numerous significant revelations were made. The judge giving the judgement at the Court of Appeal was Mr. Mwinde Siavwapa. He stated that the justice below him, Justice Nkonde was misdirected in giving the judgement that the Ventriglias had majority shareholdings in the Zamebzi Portland Cement. In a judgment which lasted for almost 90 minutes, the judge from Court of Appeal announced that the majority shareholder of Zambezi Portland is Finsbury Investments. It is a company owned by Dr. Rajan Mahtani. It was also confirmed that the Ventriglias held 42 percent shares at the factory and were the minority shareholders. This judgement was in line with the original shareholders agreement which was established in the year 2007 and was signed by all involving parties.

Also, as per the direction of the Court of Appeal, all parties need to finalise on regulating the shareholding sales as per the new judgment and as per the original shareholders agreement. The court have provided a time period of three months for finalizing this sales of shares.

Testimonial From Supreme Court Judge Reveals Rampant Corruption In Zambia

The year 2018 has been significant for Zambian law and governance. One of the major revelations by a Justice from the Supreme Court Zambia revealed numerous facets of the Zambian government as well as legal system. Justice Mumba Malila is an honourable justice at the Supreme Court Zambia with many years of reputable court practice. As a result, his testimony given before the court made significant headlines across the nation.

Dr Rajan Mahtani

The testimony by Justice Mumba Malila revealed large-scale corruption and unethical practices in Zambia. In his testimony, Justice Malila made a disclosure regarding the case of 2012 related to Dr. Rajan Mahtani in which the final decision was given against him. Dr. Rajan Mahtani is a noted businessman in Zambia with several successful ventures such as Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is also known for his significant contribution for various philanthropic activities and charitable works. It is also known that he is often attacked by conspirators and unethical parties due to his honest and straightforward business practices and refusal to engage in corrupt and illegal business practices. This case of 2012 was clearly misdirected and influenced by external forces including corrupt yet powerful businessmen and politicians, According to the testimony, the case was considered as against the interests of the public policies. Justice Mumba Malila was the Attorney General during that time and he made several attempts to make the case null and void or ‘nolle prosequi’. However the court and the tribunal did not hear any such requests.

The testimony from a judge sitting at the Supreme Court of Zambia is a clear indication of the level of corruption and unethical practices that has penetrated into the government. However, there is also a ray of hope as testimonies like these will force the government to take stringent actions against those who have been misusing their power as well as clean the government as well as the nation of corruption and unethical practices.

Testimony From Supreme Court Justice Reveals Unjustified 2012 Case Related To Dr. Rajan Mahtani

Dr. Rajan Mahtani has been working tirelessly in Zambia for more than three decades. During this time, he has been able to build his empire based on transparent business practices. This characteristic is extremely common among businessmen in a developing nation such as Zambia. At the same time, Dr. Mahtani is also a charity worker and has contributed to numerous philanthropic activities over the years. As a result, it can be seen that he has acquired numerous enemies and conspirators who are constantly looking to profit from him or damage his reputation and businesses for personal gains.

Dr. Rajan Mahtani

Mumba Malila is a respectable judge at the Supreme Court of Zambia. Previously he was an Attorney General. Few weeks earlier, Justice Mumba Malila testified in front of the court revealing some of the grave details related to the widespread corruption ad unethical practices in Zambia. Among numerous of the incidents described in the testimony, one of the critical incident was the 2012 case associated with Dr. Rajan Lekhraj Mahtani, who is a noted businessman and respectable individual in Zambia. In this testimony, Justice Malila revealed that the case of 2012 against Dr. Mahtani was motivated by political undertones and was against the interests of the public policies. This testimony also revealed that despite several requests made by him and other individuals to make the case null and void, no such actions were taken. It was clear during that point that the decision making was influenced by external factors, including corrupt yet powerful politicians and businessmen having vested interests from the decision by the Tribunal. This revelation from the testimony has certainly shocked the entire nation.

The testimony from Supreme Court Justice is a clear example of the support from honest individuals towards making this nation transparent and its practices ethical. However, the nation has a long way to go.

‘Higher Court of Appeal’ To Hear Dr. Mahtani’s Case After Lusaka High Court Judgement Goes Haywire

One of the most notable and transparent businessman in Zambia, Dr. Rajan Mahtani, has been battling the case of one of the most notable business establishments. This business establishment is Portland Cement Zambia, which was founded by Dr. Rajan Mahtani with high aspirations. The objective behind this establishment was not only to create a profitable cement manufacturing factory in Zambia, but also to provide high-quality and affordable cement to the citizens and as well as small businesses in Zambia. At the same time, the factory was a huge boon for the surrounding community as it provided employment opportunities for the people across the town and nearby places. During the initial years of the factory’s growth and development, it became one of the biggest producers of cement within Zambia. Also, the factory became popular due to its above-industry wages and salaries attracting employees and workers from faraway places. However, things changed when the factory was illegally taken over from Dr. Rajan Mahtani.

Dr. Mahtani

However, everything changed after the factory’s illegal takeover. Since then, Dr. Rajan Mahtani registered a case at the Lusaka High Court and has been fighting for the case ever since. Sometime back, the latest judge overlooking the case made a positive announcement by closing the case hearing and announcing final judgment based on the evidences submitted. This announcement was positive for Dr. Rajan Mahtani as his evidences were much stronger compared to the other party. However, the final decision from the judge shook everyone as it was given against Dr. Rajan Mahtani’s claims. It was clearly evident that the judgment was misdirected and influenced by external forces.

Not faltering by this misled judgment; Dr. Rajan Mahtani took the right step and launched another appeal to the higher court of appeal. In his appeal, he shared is grievances of unethical judgment and has requested the higher court to look into the matter.

Supreme Court Justice Shares Testimony Revealing 2012 Case Against Dr. Mahtani To Be Unjustified

Supreme Court Chief Justice Mumba Malila recently gave a shocking testimony regarding a case from the past. The case was related to Dr. Rajan Mahtani in the year 2012 wherein Dr. Mahtani was prosecuted by the Tribunal. However, this testimony from the justice Mumba Malila shares a different story. According to his testimony, Dr. Rajan Mahtani was innocent and was wrongly prosecuted as a result of the greed and unethical power of some of the most corrupt yet power individuals controlling the political and justice system within Zambia.

Dr. Rajan Mahtani is a prominent industrialist in Zambia with over 30 years of experience. He is the proprietor of various effective business adventures in Zambia. A portion of these endeavours incorporate Mahtani Group of Companies, Finsbury Investment and Finance Bank Zambia. He is at present battling for the legitimate takeover of the organization Portland Cement Zambia. Indeed, even subsequent to presenting various archives and basic proof under the watchful eye of the judge, the last judgment was given against his case.

Dr. Mahtani

In his testimony, the Supreme Court judge expressing the Dr. Rajan Mahtani was wrongly indicted in the 2012 procedures, and this arraignment was persuaded with political reasons. The SC judge likewise expressed that the arraignment was against open approaches and its enthusiasm because of the dishonest country of the indictment. Besides, the testimony from the SC judge additionally included demand towards suspension of the arraignment thinking about general society strategies and its interests.

The proof of a Supreme Court judge venturing out and uncovering the unjustified arraignment of a moral and genuine specialist is a positive development towards the expansion in political and government straightforwardness inside the country. In the meantime, this disclosure obviously demonstrates the long stretches of trouble and interruption looked by legit businessmen like Dr. Rajan Mahtani to guarantee smooth business development.

Dr. Rajan Mahtani Not Satisfied With The Lusaka HC judgement, Claims It To Be Misdirected

Zambia is a comparatively small nation with limited number of industries and businesses. Among then, Dr. Rajan Mahtani has successfully carved out a name for himself with his three decades of business ventures as well as transparent business practices. He is in-charge of the some big organizations in Zambia, including Mahtani Group of Companies and Finsbury Investments. Indeed, even with these fruitful businesses, Dr. Mahtani is attempting to get equity because of the Zambian government. For as far back as ten years, Dr. Rajan Mahtani has been battling a case at the Lusaka High Court. This fight in court is for the responsibility for Cement Zambia, a cement producing organization. Amid this controversy, Dr. Rajan Mahtani and his group of legal counsellors have presented various confirmations and evidences. These confirmations have emphatically settled Dr. Rajan Mahtani’s case. A portion of these archives included consented to investor’s arrangement, money related records and a review report directed on the Portland Cement Zambia by a independent auditor which plainly settled the way that Dr. Mahtani was the sole joint endeavour of the manufacturing plant. Indeed, even with these sensible and solid confirmations, fair justice was never given by the court.

Dr Rajan Mahtani

In any case, the last decision made by the judge was a to a great degree horrifying occasion as the decision was given against Dr. Mahtani’s cases. This is unmistakably an instance of misled judgment from the high court. While this decision is surely a major blow for Dr. Mahtani’s understanding, the case isn’t finished yet. Dr. Rajan Mahtani has now documented a case at the higher court of appeal, requesting that the decision made at the Lusaka High Court was unjustified and ought to at any rate be re-examined by the higher court of advance. Answer is anticipated starting at now. The case at the Lusaka High Court is nowhere near end and Dr. Rajan Mahtani is ready to take the case to higher level of government if needed.