Dr. Rajan Mahtani To Remain Owner Of The Portland Cement Factory With SC Decision

Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia. For more than three decades, Dr. Mahtani has been working towards developing his companies and at the same working towards the development of the Zambian nation. Some of his top companies that have achieved significant success are Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. Dr. Mahtani is also noted for his several charitable activities and philanthropic contributions. Recently, Dr. Rajan Mahtani’s name came up indirectly when the Supreme Court Zambia gave its final decision on the claim established by the Ventriglia family. 

Few weeks earlier, the Ventriglia family made a bizarre claim in which the previous decision from the higher Court of Appeal was challenged. The Ventriglia family challenged that the verdict given by the higher Court of Appeal in which the previous decision from the Lusaka High Court was rejected and Dr. Mahtani was announced as majority shareholder and legal owner of the factory. Nevertheless, Supreme Court Zambia established a bench of three Supreme Court judges for evaluating the claim. These included Judge Muma Malila, Judge Royda Kaoma and Judge Michael Musonda. During evaluation, it was found that the Ventriglia family failed to comply with the legal requirement in which claims against previous court decisions are to be submitted within 14 days of the court verdict. Since the verdict from higher Court of Appeal was given on 31st January 2019, this means the Ventriglia family was required to submit their case within 14 days from the above decision. Based on these evidences or lack thereof, the Supreme Court bench rejected the appeal from the Ventriglia family.