Thursday, 5 September 2019

Dr. Rajan Lekhraj Mahtani Given Back Legal Ownership Of Portland Cement Zambia Factory

31st January 2019 was a significant day for Dr. Rajan Mahtani. On this day, he was given back the Portland Cement Zambia which he guaranteed over 10 years prior. After Lusaka High Court neglected to give justice to the Portland Cement Zambia case, Dr. Rajan Mahtani moved toward the Court of Appeal. The Court of Appeal is one of the highest level courts in Zambia and gave an official conclusion on the Portland Cement Zambia case around nine months after the case was enlisted there. As indicated by the choice from Court of Appeal, Dr. Rajan Mahtani possessed Finsbury Investments is greater part investor of the Zambezi Portland Cement with 58 percent shares at the industrial facility. Then again, Ventriglias possessed Ital Terrazzo Limited holds only 42 percent shares at the processing plant and is the minority investor with no lawful responsibility for plant. In light of this shareholding design, unmistakably Dr. Rajan Mahtani is the lawful proprietor of the Zambezi Portland Cement processing plant. 


While giving this judgment, Justice Mwinde from the Court of Appeal additionally said that the judge underneath him wasn't right in proclaiming Ventriglias as just investors of the Zambezi Portland Cement as this choice was one-sided and with no evidentiary confirmation. By giving this choice at the Court of Appeal, the judge viably turned around the judgment from the Lusaka High Court judge. 

At the same time, all forgery related allegations were discarded by the judge and it was announced that the process of mechanical placement of signatures was a common practice in Zambia and thus, the allegations were discarded.

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