More than a decade after registering the case of Portland Cement Zambia, final results have been announced. This announcement was made by Court of Appeal on 31st January 2019. Justice Mwinde gave the judgement on behalf of the Court of Appeal after looking into all evidences and testimonials. As per this judgement, Dr. Rajan Mahtani is the majority shareholder and legal owner of the Portland Cement Zambia factory as his company, Finsbury Investments holds 58 percent shares at the factory. At the same time, it was also announced that Ventriglias were the minority shareholders of the Zambezi Portland Cement as their entity, Ital Terrazzo Limited, held only about 42 percent…
-
-
Dr. Rajan Mahtani Finally Announced Majority Shareholder And Winner Of The Portland Cement Zambia Factory
After more than a decade of wait, Dr. Rajan Mahtani has been finally given the majority shareholding of the Portland Cement Zambia factory. This announcement came from Court of Appeal, one of the highest civilian court systems in Zambia. Prior to Court of Appeal, the case of Portland Cement Zambia was registered at the Lusaka High Court by Dr. Rajan Mahtani himself, claiming that his factory was illegally taken over from him. After registering the case, several evidences and testimonials were submitted before the court. It is reported that these evidences and testimonials were more than enough to prove legal ownership of Dr. Rajan Mahtani at the Portland Cement Zambia…
