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.

Dr. Rajan Lekhraj Mahtani Announced Real Owner Of Zambezi Portland By The Court Of Appeal

Despite several unethical attempts by the criminal masterminds of the Zambezi Portland Cement case, real justice was given by the Court of Appeal. This judgement came on 31st January 2019 after around nine months of waiting from Dr. Rajan Mahtani. The case of Zambezi Portland Cement is age old and was registered almost ten years back when it was illegally taken from Dr. Mahtani. It was approached at the Lusaka High Court and despite sharing several factual details and evidences, the final decision from the judge at the High Court was nothing less than surprising. The Justice at the Lusaka High Court was Judge Nkonde and he held that Ventriglias were only shareholders of the Zambezi Portland. However, this decision was contested by Dr. Rajan Mahtani who then approached the Court of Appeal.

Zambezi Portland Cement

The justice at the Court of Appeal was Justice Mwinde, who on 31st January 2019 effectively reversed the flowed judgement given at the Lusaka High Court. According to the judge at the Court of Appeal, Dr. Rajan Mahtani owned Finsbury Investments owns 58 percent shares at the Zambezi Portland factory and is the majority shareholder. On the other hand, Ventriglias owned Ital Terrazzo Limited hold 42 percent shares at the factory and are minority shareholders. This means Finsbury Investments and Dr. Rajan Mahtani are the owner of the factory and the Ventriglias have no ownership over it. Furthermore, the judgement given at the Court of Appeal aligns with the original Shareholders Agreement entered during establishment of the factory in 2007.

Furthermore, all forgery allegations established against Dr. Mahtani and Finsbury Investments have been discarded by the judge. It was established that the process of mechanically placing signatures for business transactions was a common approach in Zambezi Portland Cement and important Ventriglia family members have engaged in similar practice. As such, the allegations were not valid.

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.

‘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.

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.

Portland Cement Zambia factory results announced, Dr. Rajan Mahtani claims false judgment

The instance of Portland Cement Zambia was begun right around 10 years back when Dr. Rajan Lekhraj Mahtani, a prominent businessman, enrolled the case at the Lusaka High Court. Dr. Rajan Mahtani has professed to be the genuine and lawful proprietor of the processing plant and since its foundation, has been driving the manufacturing plant. The destiny of the Portland Cement Zambia has additionally observed various high points and low points with these progressions.

zambezi portland cement

Amid the underlying years when Dr. Rajan Mahtani was driving the organization, the cement manufacturing plant was a tremendous achievement. The manufacturing plant generation was surplus and it rapidly wound up one of the greatest makers of concrete industrial facilities in Zambia. Aside from this achievement, the plant rapidly turned into a favored employer inside the area. The above business normal pay rates and wages pulled in representatives and laborers from far-away places.

Notwithstanding, the present state of the industrial facility can be considered as perilous and nearly crumple. Since the illicit takeover and beginning of the case at the court, the industrial facility is leaderless. Therefore, the administration exercises are haywire with conflicting creation and sporadic compensation arrangements for the representatives and laborers. The manufacturing plant resources have begun to consume and the industrial facility money box is totally unfilled. Lion’s share of the specialists have begun to leave the processing plant due to non-installment of wages and the recovery of the production line is getting to be far off dream each passing day.

rajan mahtani zambia

Following ten years of preliminaries, transfer of judges and various dramatizations, the last decision was reported by the judge in the case. In any case, alleviation to Dr. Mahtani was not given still as the last decision was given against Dr. Mahtani, in spite of the confirmations. Dr. Mahtani has spoke to the ‘higher court of appeal’ with the desire for turning around this misled judgment

Zambia and Dr. Rajan Mahtani Upset With The Latest Judgment At The Lusaka High Court

The government of any nation plays significant role in ensuring law & order of the nation. In a similar manner, law making constitutions and bodies created by government have the responsibility of ensuring that the national laws, standards and regulations are followed and complied with. These include regulatory bodies, courts, rehabilitation centres as well as other law-making establishments. Smooth and proper functioning of these establishments is essential for the proper running of a nation. Zambia has seen growth and development in the past few years and this can be attributed to the contribution from its economic sector. At the same time, the current government of Zambia is facing numerous challenges and limitations, especially in the area of law making as well as speedy court processes. A prime example of these limitations can be observed from the Portland Cement Zambia case.

Dr-Rajan-Mahtani

Portland Cement Zambia case was initiated by Dr. Rajan Mahtani after the factory was illegally captured. Instead of using the same tactics and getting back the factory by illegal or unethical means, Dr. Mahtani took the legal path and launched the compliant. However, it has been more than ten years since the launch of the case and the court has not been able to provide any concrete judgment on the case, till now. During the trial period, Dr. Mahtani and his lawyers submitted numerous documents and evidences that prove his legal worthiness over the factory. Also, the judge overseeing the case announced that case hearing was closed which was a positive news for Dr. Mahtani considering his evidences and testimonials were more than enough to prove his legal ownership over the factory.

Zambezi Portland Cement

However, the final announcement was made and it shocked everyone. Final judgment was given against Dr. Mahtani’s claims. As such, Dr. Rajan Mahtani has now approached the higher court of appeal to refute the misdirected judgment made at the Lusaka High Court.