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.