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Showing posts from April, 2019

Zambezi Portland Cement’s Real Owner Final From Court Of Appeal, Dr. Rajan Mahtani Winner

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The Zambian Court of Appeal viably turned around the judgment given by Lusaka High Court of the Zambezi Portland Cement. The Lusaka High Court was drawn closer with the instance of Zambezi Portland by Dr. Rajan Mahtani, a prominent businessman and noted philanthropist. The case extended for over ten years and regardless of the adequate of confirmations shared by specialist Dr. Mahtani, an official choice by the Lusaka High Court judge was frightening. The judgment was given by Justice Nkonde who said that the Ventriglias were greater part investors of the Zambezi Portland. Rather than being crushed by the judgment and losing confidence on the unfair judgement, Dr. Rajan Mahtani took another change and enrolled an intrigue to the Higher Court of Zambia. This time, genuine justice was given to Dr. Mahtani as the judgment from the Higher Court of Appeal. The judge at the Court of Appeal was justice Mwinde who said that the judge beneath him wasn't right in proclaiming

Court Of Appeal Announced Final Decision On Portland Cement, Provides Transparent Results

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Zambezi Portland Cement is a noted cement factory in Zambia which was contested by two big parties in Zambia for the past ten years. One of them is Dr. Rajan Mahtani, a noted businessman, charity worker and philanthropist. The case was registered at the Lusaka High Court and the judge from the HC announced the final decision during May 2018. In the final judgment, justice Nkonde from the Lusaka High Court said that Ventriglias were the only shareholder of the Zambezi Portland Cement. This decision was clearly misdirected and as a result, the case was re-approached to Court of Appeal. The Court of Appeal did not let down Dr. Rajan Mahtani’s perseverance and on 31 st January 2019, the final decision on Zambezi Portland Cement was given. According to this decision, Finsbury Investments is majority shareholder of Zambezi Portland Cement with 58 percent shares. On the other hand, Ventriglias are the minority shareholders of the cement factory with 42 percent shares. As per