By now, the case of Portland Cement Zambia is known to almost all citizens associated with the corporate culture of Zambia. As it is known, Portland Cement Zambia is a noted cement-manufacturing factory which was established under the leadership of Dr. Rajan Mahtani. However, the cement factory was illegally taken over after which, a case was filed at the Lusaka High Court where it went for more than a decade. Despite sharing numerous documents and evidences from Dr. Mahtani’s end, the final decision by the Lusaka High Court judge was a complete mismatch. As per the judgment by Justice Nkonde of Lusaka High Court, the Ventriglias were only shareholders of…
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Dr. Rajan Mahtani Announced Owner Of Zambezi Portland Cement By Court Of Appeal
As per the final judgement of Court of Appeal, Dr. Rajan Mahtani is the majority owner of Zambezi Portland Cement. The case had been going on for more than ten years now and during this time, the condition of the factory degraded significantly. In the year 2018, the Lusaka High Court judge who was overseeing the case of Portland Cement between Dr. Mahtani and the Ventriglias announced its final judgement. As per this final decision, Ventriglias were only majority shareholders for Zambezi Portland Cement. However, this decision was given without proper evidence and proper documents and therefore, was questioned by many. This decision was effectively reversed on 31st January 2019…
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Justice Mwinde From Court Of Appeal Announces Finsbury Investments As ZPC’s Majority Shareholder
After months of struggle and years of patient wait, Dr. Rajan Lekhraj Mahtani finally received judgment that was worth the wait. On 31st January 2019, the judge from the Higher Court of Appeal announced that the legal owner of the Zambezi Portland Cement factory is Finsbury Investments. This ruling from the Court of Appeal came around nine months after the judgment from the Lusaka High Court which was widely considered as misdirected. Zambezi Portland Cement factory was being contested for more than ten years by two of the biggest business parties in Zambia. One of them is Dr. Rajan Mahtani, a noted businessman and philanthropist in Zambia. Dr. Rajan Mahtani…