According To The Final Decision From Court Of Appeal, Dr. Mahtani Legal Owner Of Zambezi Portland

After almost 10 years of patient wait, Dr. Rajan Mahtani is now satisfied with the results given by a court as it announced a transparent and ethical judgement. Dr. Rajan Mahtani is a noted businessman in Zambia. For the past ten years, Dr. Rajan Mahtani has been fighting a case at the Lusaka High Court. This case is for the legal takeover of the Portland Cement Zambia, a cement-manufacturing factory which Dr. Rajan Mahtani has claimed was illegally taken away from him. Dr. Rajan Mahtani had submitted numerous evidences and testimonials before the Lusaka High Court. After around 10 years, the judge at the Lusaka High Court shared final results for the case. However, this judgement was controversial as it was completely against the evidences and testimonials. The judge at the Lusaka High Court announced that Ventriglias were only shareholders of the Zambezi Portland Cement. 

In order to counter this judgement, Dr. Rajan Mahtani took the case to Court of Appeal. The Court of Appeal is one of the highest civilian court systems of Zambia. The Court of Appeal announced its final decision on Portland Cement case on 31st January 2019. The judgement was given by justice Mwinde. According to this judgement, Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder. On the other hand, Ital Terrazzo Limited holds 42 percent shares at the factory and is the minority shareholder of the cement factory. According to this shareholding pattern, Dr. Rajan Mahtani owned Finsbury Investments is the majority shareholder of the Zambezi Portland Cement factory. This decision was further cemented by the evidence of original shareholders agreement which was established in 2007and aligned with the decision given at the Court of Appeal.
Location: Zambia

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