Dr. Rajan Lekhraj Mahtani is a noted businessman in Zambia. He is known for his significant business practices as well as philanthropic works. Some of his charitable works across Zambia include providing donations for creating amenities within correction facility in Zambia, charitable donations for environmental agencies as well as charitable contributions towards educational development in Zambia. He is also known for his business acumen with several top companies such as Finsbury Investments, Mahtani Group of Companies and Finance Bank Zambia. Working in an economically, socially and politically compromised nation such as Zambia has significant disadvantages. One of the major disadvantages is dealing with corruption and unethical practices on a daily…
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Appeal By Ventriglias To Revoke The Court Of Appeal’s Decision On Portland Cement Rejected By SC
The latest decision by Supreme Court Zambia on the Portland can be easily described as the final stamp for the Portland Cement Zambia case. Being the topmost legal entity of the nation, the decision of Supreme Court Zambia on the Portland Cement case is final. However, the factory and its legal owner had to face several challenges before gaining legal control over the factory. After the controversial decision from the Lusaka High Court wherein judge Nkonde announced Ventriglias as the only shareholders of the Portland Cement factory, Dr. Rajan Mahtani successfully appealed to the higher Court of Appeal challenging the Lusaka HC decision after fulfilling all legal obligations. On 31st…
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Supreme Court Zambia Have Officially Rejected The Claim From The Ventriglias
After the majority shareholding of Portland Cement was officially given to Dr. Rajan Mahtani owned Finsbury Investments, the Ventriglias effectively engaged in corporate crime by taking over the factory unethically. This takeover was clearly an attempt towards depriving the real owners of Portland Cement of majority stake, and it was clearly a mafia-life style of takeover characteristics of what the Ventriglia family has been doing for many decades. As a result, Dr. Rajan Mahtani was left with no choice but to approach the Lusaka High Court. The Ventriglia family, especially Manuela and Antonio Ventriglia used their political meddling to persuade the Lusaka High Court judge in declaring them as the…
