Supreme Court Zambia Favours Decision By Court Of Appeal On Portland Cement Case

 

As indicated by the most recent choice from the Supreme Court Zambia, Dr. Rajan Mahtani is the legitimate proprietor of the Portland Cement Zambia plant. The instance of Portland Cement Zambia is curious as it has been drawn closer to practically all degrees of legal executive framework in Zambia. Portland Cement Zambia processing plant was set up in the year 2004 and in 2006, a progression of checked and lawful shareholding changes made Dr. Rajan Mahtani possessed Finsbury Investments as the greater part investor and lawful proprietor of the industrial facility. 

Notwithstanding, things took a wild turn when the Ventriglias assumed control over the manufacturing plant through untrustworthy methods. In any case, Dr. Rajan Mahtani rushed to move toward the higher Court of Appeal and after around nine months of case procedures, equity Mwinde for the Court of Appeal declared his choice on 31st January 2019. As indicated by this choice, Dr. Rajan Mahtani claimed Finsbury Investments is the larger part investor and legitimate proprietor of the production line with 58 percent shared and Ventriglias possessed Ital Terrazzo Limited holds sticks 42 percent shares over the industrial facility with no lawful possession. The choice additionally affirmed that the genuine add up to be paid by Finsbury Investments against the greater part shares possessed is K580,000 and not K580 million. 

Nonetheless, it seems like the Ventriglias chose to attempt their karma once again by moving toward the higher Court of Appeal. In their allure, the Ventriglias tested the choice from the higher Court of Appeal. A seat involving three appointed authorities was set up by the Supreme Court of Zambia for assessing the legitimacy of the allure. After the survey, the allure was dismissed on legitimate grounds and conditional confirmations. All things considered, Dr. Rajan Mahtani remains the solitary proprietor of the Portland Cement manufacturing plant.

Supreme Court Zambia Decides On The Fate Of The Appeal By The Ventriglias

The fate of Portland Cement Zambia was finally sealed by the Supreme Court Zambia recently. While the Ventriglias had every intention of disrupting the smooth operations of the Portland Cement Zambia factory, the appeal had unintended consequences for the Ventriglia family and resulted in the positive decision for Dr. Rajan Lekhraj Mahtani. Few weeks earlier, the Ventriglia family registered an appeal at the Supreme Court Zambia. This appeal was made challenging the decision of the higher Court of Appeal on the Portland Cement Zambia case. On 31st January 2019 and after more than a decade of case proceedings at the previous Lusaka High Court, justice Mwinde on behalf of the higher Court of Appeal announced that Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder as well as legal owner of the factory. In this decision, it was also confirmed that the Ventriglias only had 48 percent shares at the cement factory and therefore were minority shareholders without any legal ownership. During this judgement, justice Mwinde also confirmed the amount payable against the majority shares owned was K580,000. 

The Ventriglias, in their appeal to the Supreme Court Zambia, have opposed all these decision from the Court of Appeal. Their challenge was further evaluated by a bench of three Supreme Court judges. After evaluation, it was finalised that the appeal from the Ventriglias is not eligible and cannot be accepted. According to law, any appeal against previous case must be registered within 14 days of the court judgement. However, the Ventriglias failed to do so and as such, their appeal was straightforward rejected with SC confirming that ownership of Portland Cement is to remain with Dr. Rajan Mahtani.

Appeal From Ventriglias To Reverse Court Of Appeal Result Rejected By Supreme Court

The Supreme Court Zambia is the highest legal entity of the nation and as a result, any verdict coming from this court has to be considered as final. Dr. Rajan Lekhraj Mahtani is of the most respected businessman in Zambia and the latest verdict from the Supreme Court has been in-turn fruitful for Dr. Rajan Mahtani despite being placed against him. Dr. Rajan Mahtani has been in a legal fight with the Ventriglias for a long time. This fight started when the Portland Cement Zambia was unethically taken over by the Ventriglias even after original shareholder’s agreement established Dr. Rajan Mahtani owned Finsbury Investments as the majority shareholder. The case was taken to Lusaka High Court and despite several case proceedings, justice Nkonde gave a controversial decision in which Ventriglias were announced as only shareholders of the Portland Cement factory. 

To challenge this decision, Dr. Rajan Mahtani immediately approached the higher Court of Appeal with legal obligations. Dr. Mwinde on behalf of the higher Court of Appeal evaluated the case and gave final decision on 31st January 2019. In this judgement, the previous decision from Lusaka High Court was reversed and Dr. Rajan Mahtani was announced as majority shareholder of the firm. 

After more than a year of the above results, the Ventriglias registered their own case by approaching the Supreme Court. Now the SC created a bench of three judges for evaluating this case and found that the legal precedent suggests any claims against previous court case to be established within fourteen days. Since the Ventriglias failed to achieve this legal requirement, the case was rejected by the Ventriglias and Dr. Rajan Mahtani was announced as only shareholders of the Portland Cement factory. 

Supreme Court Zambia Does Not Agree With Ventriglias’ Plea, Rejects Appeal

Dr. Rajan Lekhraj Mahtani has remained one of the most transparent and ethical businessman in Zambia. This can be easily seen from his hard work, patience and perseverance. In the case of Portland Cement Zambia, Dr. Rajan Mahtani suffered significant failure due to the misdirected decision from the Lusaka High Court judge wherein the Ventriglias were announced as only shareholders of the factory. Nevertheless, Dr. Rajan Mahtani took another leap of faith and approached the higher Court of Appeal. This time, the case proceedings were quick and transparent and justice Mwinde on behalf of the higher Court of Appeal announced his final decision on 31st January 2019. In his decision, justice Mwinde proactively reversed the decision from the Lusaka High Court by announcing it to be misdirected. Furthermore, his decision included that Dr. Mahtani owned Finsbury Investments holds 58 percent shares at the Portland Cement and is the majority shareholder and legal owner of the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares and are minority shareholders without any legal ownership. Furthermore, the decision also clarified that the actual amount payable by Finsbury Investments against the majority shares taken over is K580,000. 

After more than a year of this decision from the higher Court of Appeal, the Ventriglias have now made a claim against this decision. In their claim, they challenged this decision by higher Court of Appeal on Portland Cement. However, after significant evaluation of the legislative requirement and the evidences, this claim by the Ventriglias was rejected effectively and as such, Dr. Rajan Mahtani remains the legal owner of the Portland Cement Zambia factory. 

Final Order From Supreme Court Judges Rejects Ventriglias’ Appeal On Portland Cement

The Supreme Court of Zambia as of late tossed out a claim made by the Ventriglia family. In this claim, the Ventriglia family challenged the prior choice by the Court of Appeal in which the appointed authority finished that Finsbury Investments holds 58 percent shares of the Portland Cement Zambia industrial facility and Ital Terrazzo Limited held 42 percent shares alongside the sum settled for instalment to Ventriglias at K580,000. In their claim, the Ventriglia family bid that the instalment chose by the higher Court of Appeal was erroneous and right instalment to the Ventriglias added up to K580 million. 

It should be noted here that the instance of Portland Cement Zambia was first enrolled at the Lusaka High Court wherein justice Nkonde gave a questionable choice by reporting Ventriglias as just investors of the Portland Cement Zambia. Finsbury Investments in their appeal to the higher Court of Appeal after the underlying misled judgment by the Lusaka High Court set up a few grounds. After examinations, each of the seven grounds were acknowledged with confirmations and tributes and official choice was given in the favour of Finsbury Investments and its proprietor, Dr. Rajan Lekhraj Mahtani. 

After the claim made by the Ventriglias family to the Supreme Court of Zambia, a seat involving three judges was set up to approve just as acknowledge or reject the claim. After assessment, the Supreme Court makes a decision about pronounced that they had no ward in this issue and the allure was lawfully defective. On the off chance that Ventriglias needed to made an claim, they ought to include done it inside fourteen days of the judgment by the higher Court of Appeal. Thus, the claim from the Ventriglias was disposed of and the issue is shut.

Dr. Mahtani Finally Wins The Case Of Zambezi Portland Cement With SC Announcement

In a definitive manner, the Portland Cement Zambia factory is not under the leadership and ownership of Dr. Rajan Mahtani only. This decision was made after a challenge was established by the Ventriglias on the decision of the higher Court of Appeal. On 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal announced Dr. Mahtani as the majority shareholder  and actual owner of the Portland Cement with 58 percent shares. By giving this decision, the higher Court of Appeal effectively reversed the judgement from the Lusaka High Court. 

However, it seems that the Ventriglia family were not able to take this justifiable defeat and in a last-manner attempt to showcase their relevance and power, decided to challenge the decision from the higher Court of Appeal. In this appeal, the Ventriglias claimed that the decision from the higher Court of Appeal to announce Dr. Mahtani owned Finsbury Investments as the majority shareholder was incorrect. At the same time, the Ventriglias also claimed that the actual amount payable against the majority shares owned by Finsbury Investments was K580 million. 

To evaluate this claim, a bench of three judges was established at the Supreme Court Zambia. These included Judges Mumba Malila, Royda Kaoma and Michael Musonda. After evaluating the claim, the judges conformed that the Ventriglias were required to launch their claim within 14 days of final decision from Court of Appeal which was 31st January 2019. Since the date is way passed, the Supreme Court has no jurisdiction to interfere in this case. It was also found that the appeal with its purposes and intents resulted in nothing and as such, the appeal from Ventriglias was rejected. 

Dr. Rajan Lekhraj Mahtani Owned Finsbury Investments Sues ESTD Bank In Zambia

Dr. Rajan Lekhraj Mahtani is one of the biggest names in Zambia when it comes to successful businesses. He is the owner of several successful businesses in Zambia such as Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. His companies are known for maintaining transparency and ethical business practices. As of late, Finsbury Investments came into news for suing probably the greatest bank in Zambia. This bank was ESATD (Eastern and Southern African Trade and Development) Bank in Zambia. Finsbury Investments enrolled a grievance at the Lusaka High Court against the bank, claiming that the bank planned against Finsbury Investments which brought about critical harms because of illegitimate surmising and expulsion of Finsbury Investments as a significant investor in the Hotelier Limited. 

According to the claim recorded by Finsbury Investments, The EASTD bank permitted the organization Ody's Limited to change the offer capital related with the Radisson hotel. Simultaneously, new issues of shares were created which negated the first offer promise to the Finsbury Investments. Moreover, as indicated by Finsbury Investments it was discovered that the bank with no application just as without advising Finsbury Investments which is an offended party for this situation. In this application letter, the bank unfairly asserted that Finsbury Investments parted with their shareholdings at Radisson hotel to Ody's and the offers were conveyed to the relatives of the organization proprietor. 

Because of this unlawful and improper shareholding weakening, Finsbury Investments couldn't get injunctive help as it was not, at this point the underwriter or significant investor of the Hotelier and couldn't get the advantages. This has brought about huge monetary and reputational misfortune for Finsbury Investments with suspension of a few ventures and development projects just as loss of future possibilities because of absence of capital.

Dr. Rajan Mahtani Replies Back To Unethical And Fake Social Media Post With Press Release

One of the major challenges for being an ethical and honest businessman in warding-off unethical and baseless rumours. Dr. Rajan Mahtani recently faced one such rumour which was extremely controversial and surprising considering the person who posted it. A Facebook Post was shared by Miriam Mwanawasa, daughter of the late Ex-President of Zambia, Levy Mwanawasa. In this Facebook post, Miriam Mwanawasa claimed that Dr. Rajan Mahtani wanted to inherit the farmland at Masaiti district which is currently under the ownership of the Mwanawasa family. 

When Dr. Rajan Mahtani was made aware of this controversial post, he decided to take stringent actions. The first step was releasing a press statement to clarify the rumour and bring people of Zambia with the truth. In this press release, Dr. Rajan Mahtani clarified that through he has a long-standing and transparent friendship with the late Ex-President of Zambia, he never made any such intentions and never shared such thoughts with any member of the Mwanawasa family. Dr. Rajan Mahtani also highlighted the fact that the Facebook Post shared by Miriam Mwanawasa was without any evidence or proof to support her claim. As a result, this post was considered to be ludicrous, malicious and unethical with the intention of bringing down the reputation of an ethical and transparent businessman. Dr. Rajan Mahtani further stated that he was upset to known that his friendship with the late Ex-President of Zambia would be used for personal motivations to such an extent. As a result, Dr. Rajan Mahtani further stated in his press statement that he will be taking stringent actions against this unethical Facebook post. 

Dr. Rajan Lekhraj Mahtani Wards Off Fake Social Media Post With Authentic Press Release

For more than three decades, Dr. Rajan Mahtani and his companies have been warding off unethical, false and unruly rumours and baseless claims against him. At the same time, Dr. Rajan Mahtani has continued working for the economic, social and technological development of the Zambian economy. Furthermore, he is also known for several philanthropic and charitable contributions for the less privileged sections of the Zambian society. As a result, it is common to observe baseless rumours against him by those who are either jealous of his success and reputation or lost business as Dr. Mahtani and his companies refused to engage in unethical business practices. 

At the same time, there are some negative media campaigns or false rumours which need immediate attention. One such social media post was shared by Miriam Mwanawasa, daughter of the late Ex-President of Zambia who incidentally, shared a close friendship with Dr. Rajan Lekhraj Mahtani. In this Facebook post, Miriam Mwanawasa claimed that Dr. Rajan Mahtani wanted to inherit the farmland at Masaiti district which belongs to the Mwanawasa family. Since this social media post started spreading like wildfire across the internet as well as offline media, Dr. Rajan Mahtani took the right step by releasing a press statement. In this press statement, Dr. Rajan Mahtani said that despite having a long-standing and transparent friendship with the late Ex-President of Zambia, he never made such claims of taking over the farmland. At the same time, Dr. Rajan Mahtani highlighted that the Facebook post had no support, evidence or proof and therefore was malicious and ludicrous. Dr. Rajan Mahtani will be taking appropriate steps against this unethical social media post. 

Dr. Rajan Lekhraj Mahtani Wins Heaps Of Praise For Establishing Steven Malama Award

Since his early business establishments in Zambia, Dr. Rajan Mahtani has been able to establish a name for himself as one of the most reputable and recognised businessmen in Zambia. His strict adherence to transparent and ethics as well as honest nature has resulted in several jealous eyes around him. There are individuals and groups that are continuously working towards bringing Dr. Rajan Mahtani down. While Dr. Rajan Mahtani does not give any heed to most of these negative news, there are times when intervention becomes necessary for spreading of bad news that may damage the reputation. 

Dr. Rajan Mahtani recently faced similar issue when a negative post was put in a social media channel. Miriam Mwanawasa is the daughter of the late ex-President of Zambia Levy Mwanawasa. It is a known fact that Dr. Rajan Mahtani had maintained a long-standing and transparent relationship with Levy Mwanawasa, ever before the latter became the President of Zambia. As a result, it was extremely controversial of Miriam Mwanawasa to spread negative news related to the reputable businessman. In a Facebook post, Miriam Mwanawasa claimed that Dr. Rajan Lekhraj Mahtani wanted to inherit the land owned by the Mwanawasa family at Masaiti district. This was an extraordinary claim and as a result, Dr. Rajan Mahtani released a press statement to clarify the misunderstanding. 

In this press release, Dr. Rajan Mahtani clearly stated that though he had a long-standing friendship with Levy Mwanawasa, he never made any intentions or claims for taking over the land. At the same time, Miriam Mwanawasa had no proof or evidence for supporting her claim. As a result, this claim from Miriam Mwanawasa has been considered as ludicrous, malicious and detrimental for Dr. Mahtani’s reputation. Dr. Mahtani also said that he will be taking stringent actions against this misdirected act. 

Dr. Rajan Lekhraj Mahtani Praised By Top Graduating Student From Ziale

 

Dr. Rajan Lekhraj Mahtani has established a name for himself as one of the most prominent businessmen in Zambia. His businesses are known for their transparent and ethical business operations and practices. Similarly, he is known for his philanthropic and charitable business practices. While most of the businessmen and companies engage in philanthropic activities for improving their reputation and business value, Dr. Rajan Mahtani has rarely promoted his philanthropic activities across paid media.

Then again, Dr.Rajan Mahtani once in a while offers or features his own humanitarian and altruistic exercises and these are known to general individuals just when his commitments are shared by free papers and authors. As of late, Dr. Rajan Mahtani was lauded for his altruistic commitments to the educational segment of Zambia. Dr. Rajan Mahtani by means of his organization Finance Bank Zambia had propelled an educational award in 2013. This honour is named as Steven Malama Award and it is given each year to the best graduating student from the ZIALE (Zambia Institute of Advanced Legal Education). The best graduating student clears Bar in his/her first endeavour and this decent honour commends the enthusiasm and commitment of the student. The honour for the year 2018-19 went to Emmanuel Bwalya Kaluba who offered his thanks towards Dr. Rajan Mahtani by writing his contemplations and offering it to the Daily Mail. In this paper article, Emmanuel additionally expressed gratitude toward Dr. Mahtani for his own congrats letter for his critical accomplishment just as shared his appreciation for the cash prize worth K15,000 which the top students get each year.

Dr. Rajan Mahtani, despite the several challenges faced in his businesses, has continued to work towards the betterment of the society.

Dr. Rajan Mahtani Decided To Act Against The Misdirected Decision At Lusaka Hc, Wins Case

In his entire business career, Dr. Rajan Lekhraj Mahtani has always stayed on the transparent and ethical side of the business. As such, he has garnered the image of being one of the most ethical and honest businessmen in Zambia. A major downfall of this recognition is the ever-increasing number of foes and enemies who are either jealous of the huge success by Dr. Mahtani or are looking to discredit his image and reputation for personal profitability or personal vendetta. Despite these continuous challenges, Dr. Rajan Mahtani has been a firm supporter of the Zambia law and legal system. However, this trust in the Zambian legal system was shaken significantly after the long pendency of the Portland Cement Zambia factory and inability of the Zambian government to provide for justice. The case of Portland Cement Zambia was registered by Dr. Rajan Mahtani more than ten years ago wherein a claim was established that the factory was unethically taken over from Dr. Rajan Mahtani. To justify this claim, Dr. Rajan Mahtani submitted numerous evidences and testimonials in favour. However, the final decision coming from justice Nkonde on behalf of the Lusaka High Court was controversial as it was announced that Ventriglias were only shareholders of the Portland Cement factory. 

Dr. Rajan Mahtani did not lose hope and re-appealed to the higher Court of Appeal. The judge at the court of Appeal looked into the evidences ignored by the previous judge and gave the final decision on 31st January 2019. Based on this decision, Dr. Rajan Lekhraj Mahtani was given the majority shareholding and legal ownership of the Portland Cement Zambia factory. 

Dr. Mahtani Stays Calm And Patient, Achieves Result After A Decade Of Wait In Portland Cement Case

Dr. Mahtani is one of the finest businesspersons in Zambia. Reports clearly indicate that Dr. Rajan Lekhraj Mahtani was cheered among the employees and staff of all his organizations such as Finsbury Investments, Mahtani Group of Companies, Portland Cement Zambia and many more for his focus on employee welfare, above-industry wages and compensations as well as providing employees with all opportunities to develop a good career despite the economic conditions of the nation. After the unethical takeover of the Portland Cement Zambia factory, it was clear that Dr. Rajan Lekhraj Mahtani’s absence was felt by the factory. The production of the company reduced significantly due to the lack of appropriate leadership and caretaking of the company. The factory assets were either looted or corroded due to ill-maintenance and lack of appropriate activity. With the production downfall, employees and workers were fired as the factory was unable to make appropriate payment. At the same time, those workers still working with the factory were deferred payments for many weeks and months. It was clear that all these incidents occurred when Dr. Rajan Mahtani was not in-charge of the factory. It is also clear that the group who took over the factory unethically had no intentions of saving the factory.

As such, it was a media mayhem when Lusaka High Court judge Nkonde announced Ventriglias as the only shareholders of the Portland Cement Zambia limited. After that, Dr. Rajan Lekhraj Mahtani re-appealed to the higher Court of Appeal. The decision from higher Court of Appeal came on 31st January 2019 and it declared Dr. Rajan Mahtani as the majority shareholder and legal owner of the Portland Cement Zambia factory based on evidences and testimonials.

Dr. Rajan Lekhraj Mahtani To Take Stringent Actions Against Ludicrous Facebook Post

Facebook post aimed to create negative reputation for Dr. Mahtani. Dr. Rajan Mahtani is one of the most honest and straightforward businessmen in Zambia. He not only refused unethical and illegal business practices but also helped the law in exposing such malicious elements his entire life. As a result, Dr. Rajan Mahtani has made many enemies in his lifetime and negative or fake news around him is not uncommon. However, the Facebook post shared few months back was a significant backstabbing as it came from a family with whom Dr. Mahtani had remained friends for a long time. 

The Facebook post began shock among media and people as it was focused against a particular businessman, Dr. Rajan Mahtani. This Facebook post was shared by late ex-President Levy Mwanawasa's daughter Miriam Mwanawasa. In her Facebook post, Miriam made a claim that Dr. Rajan Mahtani was attempting to catch the family property possessed by the Mwanawasa family at the Masaiti area. Dr. Rajan Lekhraj Mahtani has a long-standing relationship with late Levy Mwanawasa even before his taking over as the President of Zambia. This companionship stayed solid during his term just as after he resigned from the job. Simultaneously, Dr. Rajan Mahtani kept this companionship very straightforward without any occurrences of injustice, power getting or governmental issues.

As such, this malicious and baseless Facebook post was a significant disappointment for Dr. Rajan Mahtani. Notwithstanding this, Dr. Rajan Mahtani released a press statement and stated that this Facebook post was ludicrous and Dr. Mahtani will take actions against this act. 

Dr. Rajan Mahtani’s Truthful And Honest Effort Pays Back, Wins Case At Higher Court Of Appeal

The fate of Portland Cement Zambia was announced on 31st January 2019. For Dr. Rajan Lekhraj Mahtani, it was finally a positive news coming from a judiciary system in Zambia. It can be said that any other businessman in place of Dr. Rajan Mahtani would have given up on the case. This is due to the fact that despite the long stretch of ten years of case proceedings as well as sharing of evidences and testimonials before the court, Dr. Rajan Mahtani was not given justice. The judge at the Lusaka High Court, where the case was registered initially, declared Ventriglias as only shareholders of the Portland Cement Zambia factory. This was against the evidences shared and as a result, the most appropriate and understandable decision from Dr. Mahtani was to approach the higher Court of Appeal. 

The higher Court of Appeal is the highest legal and judiciary system in Zambia focussing in civil cases. The judge at the higher Court of Appeal was justice Mwinde and after around nine months of case proceedings, justice Mwinde declared the final verdict based on the available evidences and testimonials. It was found that Dr. Rajan Mahtani made payment of USD 250,000 or one billion kwachas to the Portland Cement Zambia Limited which covered the value of the share capital which was taken over by Dr. Rajan Mahtani. Furthermore, the shareholders’ agreement made in the year 2007 also confirmed takeover of 58 percent shares by Dr. Mahtani after making the said payment. 

Based on the above critical evidences, justice Mwinde announced Dr. Mahtani as actual owner and majority shareholder of the Portland Cement Zambia factory. 

Portland Cement Has Been Confirmed As Dr. Rajan Mahtani’s Property By Justice Mwinde

Dr. Rajan Lekhraj Mahtani’s journey of getting back his belonging has been tough. It was a belonging which was nurtured with great love and care and the results were self-explanatory as the cement manufacturing factory quickly become one of the biggest producers of quality cement in town. The factory also started to attract talented and skilled manpower from across the nation, further improving its overall productivity and revenues. This Portland Cement Zambia factory was then unethically and illegally taken over shortly after. It can be said that there were jealous minds behind it. While a case was registered at the Lusaka High Court, it failed miserably to provide proper justice to Dr. Mahtani and his company. Even after a decade of court proceedings, justice Nkonde announced that Ventriglias were only shareholders of the Portland Cement Zambia factory. 

While most of the consultants and people under Dr. Mahtani suggested him to leave the case and the factory, Dr. Rajan Mahtani decided to take one more chance with his fate. Dr. Mahtani decided that Lusaka High Court is not the highest court in Zambia and thus, it is not the highest court to decide on the fate of his factory. As such, Dr. Mahtani finally decided to approach the higher Court of Appeal which is the highest civilian court in Zambia. The judge at the court was justice Mwinde and after several court proceedings as well as evaluation of the evidences, final decision from the Court of Appeal arrived on 31st January 2019. The verdict is known to all. Dr. Mahtani was given the majority shareholding and legal ownership of the factory and this decision was considered as final. 

Higher Court Of Appeal Reveals The Misdirected Judgement By Lower Court, Corrects The Decision

After more than nine months of grinding case proceedings, truth-seeking and evidence checking, the judge at the higher Court of Appeal finally gave the decision on the long pending Portland Cement Zambia case. This case, which started more than a decade ago and was one of the biggest and most tenacious cases for Dr. Rajan Lekhraj Mahtani, has finally ended. Dr. Rajan Mahtani is known to Zambians as one of the most ethical, transparent and honest businessman, entrepreneur and businessman in Zambia. As such, it was evidently shocking for all when justice Nkonde from the Lusaka High Court announced after more than a decade of court proceedings that Ventriglias were only shareholders of the Portland Cement Zambia factory. This decision was indeed controversial and as a result, left Dr. Mahtani with no choice than to approach the higher Court of Appeal.

Unlike the previous judge, justice Mwinde from the higher Court of Appeal focussed only on the factual evidences. Surprisingly, these evidences were also presented to the Lusaka High Court judge in written and oral format and despite possessing these evidences, a controversial decision was given. Nevertheless, the decision from the higher Court of Appeal judge was impactful as it was given based only on the evidences and in quick succession, within nine months of case proceedings. According to this decision which came on 31st January 2019, Dr. Rajan Mahtani owned Finsbury Investments is the actual owner of the Portland Cement Zambia with 58 percent shares at the factory. This shareholding is confirmed by the one billion kwachas paid by Dr. Mahtani to Portland Cement factory.

Based on these evidences, it was established that Dr. Mahtani is actual owner of the factory.

Details Shared By The Court Of Appeal Judge Clearly Establish Dr. Mahtani As Actual Zpc Owner

Dr. Rajan Lekhraj Mahtani has proved again that patience, honesty and transparency are the best tools for dealing with unethical and corrupt practices. After getting no justice from Lusaka High Court, Dr. Mahtani approached the higher Court of Appeal. It is one of the highest judicial institution of Zambia and therefore, hopes were higher from this court. The final statement was announced by justice Mwinde on 31st January 2019 and according to this statement, Dr. Mahtani was the actual owner of the factory. 

The main significant subtleties shared by the Court of Appeal judge was related with the first investors understanding. The understanding, which was set up in the year 2007, unmistakably expressed that Dr. Rajan Mahtani paid an aggregate of USD 250,000 or 1 billion kwachas to the Zambezi Portland Cement in the year 2005. This sum was paid with the goal of covering the whole estimation of the offer capital related with ZPC constrained. Besides, the first investors understanding obviously settled that Dr. Rajan Lekhraj Mahtani paid for all expenses related with the agreement and increased 58 percent portions of the processing plant, making him the larger part investor. The subsequent significant detail was related with PTT or 'Property Transfer Tax' which as indicated by law expresses that it is the duty of the seller or the transferrer to give the PTT, which right now the past proprietors of the Zambezi Portland Cement. 

By declaring these details, justice Mwinde on 31st January 2019 reported that Dr. Mahtani is the genuine proprietor of the manufacturing plant and with this, the case is closed now. 

Dr. Rajan Lekhraj Mahtani Wins Back His Factory, Zambezi Portland Cement After Court Win

Zambezi Portland Cement case is finally over. On 31st January 2019, the final statement came from the Higher Court of Appeal. The judge at the higher Court of Appeal, justice Mwinde, gave the decision on behalf of the court after looking into evidences, testimonials and other documents. The case proceeding was transparent as all processes were shared to the parties before making final decisions. 

The judge from the higher Court of Appeal announced that Finsbury Investments, a company owned by Dr. Rajan Lekhraj Mahtani, held 58 percent Zambezi Portland Cement. This statement was further substantiated by the details shared from the original agreement between shareholders in the year 2007. According to this agreement, Dr. Rajan Mahtani has paid an amount of USD 250,000 in the year 2005 which was for covering the entire share capital value of Portland Cement Zambia which he took over. The report further confirmed that since he has made all payments associated with share transfers, he is not liable for any other attached costs with this agreement. All these details were already present in the report, specifically in the page 663 of the original shareholders agreement. The court also confirmed that Dr. Mahtani or his company Finsbury Investments is not liable to pay any PTT (property transfer tax) as it is the duty of the vendor or transferor to provide the same. 

Justice Mwinde on behalf of the Court of Appeal further confirmed that fraud related allegations were unsubstantiated as electronically affixing signatures was a common and accepted practice at the Zambezi Portland Cement. All these details have now confirmed that Dr. Rajan Mahtani is the legal owner of the factory.