After Numerous Appeals From Dr. Rajan Mahtani, Higher Court Of Appeal Finally Announces True Justice

After more than ten years of wait, Dr. Rajan Mahtani finally received justice when the opposition, Ventriglias, were knocked down by the Court of Appeal. This long fight has been for Zambezi Portland Cement, a noted cement manufacturing factory which has been contested by both parties. The initial compliant regarding the illegal takeover of the factory was registered by Dr. Rajan Mahtani at the Lusaka High Court. After several court proceedings, the judge overseeing the case announced final judgement on May 2018. However, the final judgement was unexpected and was condemned by everyone as it was against the interests of the law. After this, Dr. Rajan Mahtani launched another compliant at the Court of Appeal.

As per the details shared in the judgement dated 31^st January 2019 by Court of Appeal, Dr. Rajan Mahtani owned Finsbury Investments is the majority shareholder of Zambezi Portland Cement with 58 percent shares and Ventriglias own 42 percent shares and are minority shareholders.

The new shareholding pattern is aligned with the original Shareholders Agreement which was established in the year 2007, when the factory was formed initially. Furthermore, the judge at the Court of Appeal also discarded all forgery allegations against Dr. Mahtani and Finsbury Investments. The judge stated that the process of mechanical placement of signatures is a common practice at the Zambezi Portland Cement and in fact, Claudio Ventriglia is an important member of the Ventriglia business empire and was involved in similar practice during a business transaction. The judge has also given a timeline of three months from judgement date for completing the sales of shares processes