Judgment On Portland Cement Zambia Announced, Dr. Rajan Mahtani Appeals To Higher Court


Portland Cement Zambia is a noted cement factory in Zambia. The factory was being contested by two parties for the past ten years, one of them being notes industrialist Dr. Rajan Mahtani. Dr. Rajan Mahtani was the owner of Portland Cement Zambia and during his leadership; the factory grew to significant heights. During the successful leadership under Dr. Mahtani, the factory production grew exponentially and also become one of the biggest producers of cement factory in Zambia. Apart from its production, the factory also became noted for it’s higher than industry average wages and salaries. However, things changed drastically after the factory was illegal taken by with the help of goons. Since this illegal takeover, the factory productions have gone down significantly and majority of the workers have left the factory. Those who are still working have claimed they have not been given wages for many months now. The factors assets are also corroding and the factory cash box has been completely empties. It seems that the people who took illegal control over the factory had no intention on keeping the health of the factory.
During the course of 10 years of the case, Dr. Rajan Mahtani presented numerous evidences and documents to support his claim. Some of these included signed shareholders agreement, financial exhibits and investment reports as well as independent audit report conducted by an independent auditor. Even after these strong evidences, the final judgment was given against the claims of Dr. Mahtani.
It is clear that the judgment was influenced by external forces. As such, Dr. Rajan Mahtani has now approached the ‘higher court of appeal’ repealing for this case.

Location: Zambia

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