Dr. Rajan Lekhraj Mahtani Finally Wins The Case For Zambezi Portland Cement At Court Of Appeal


On 31st January 2019, a noteworthy declaration was made on the Zambezi Portland Cement. The judge from the Court of Appeal viably switched the judgment from Lusaka High Court by giving the full responsibility for Portland to Dr. Rajan Mahtani claimed Finsbury Investments. The Lusaka High Court had given a judgment amid May 2018 which was censured by many. As indicated by the Lusaka High Court judgment, Ventriglias were given responsibility for Zambezi Portland. In any case, the new judgment from Court of Appeal has cleared things up and now Finsbury Investments holds 58 percent offers at the processing plant and the Ventriglias hold 42 percent offers at the Zambezi Portland. This obviously offers possession to Dr. Rajan Mahtani claimed Finsbury Investments.
Dr. Rajan Mahtani possessed Finsbury Investments have paid a whole of K580,000,000 to the Court of Appeal on sixth February 2019. This sum was paid as business insurance with interest to agree to the above judgment. Correspondingly, Finsbury Investments additionally claimed an entirety of K1 billion with interest on the Zambezi Portland plant. This total was guaranteed against the share exchanges made amid January 2007 and December 2006. The share exchanges were legitimate and with this, Finsbury Investments got 58 percent offers at the production line and then again, Ital Terrazzo Limited which is possessed by the Ventriglias got 42 percent offers of the all out offer capital related with Zambezi Portland Cement. This offer capital detail itself is sufficient to build up the way that Dr. Rajan Mahtani possessed Finsbury Investments is the greater part investor and lawful proprietor of the Zambezi Portland Cement.

Location: Zambia

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