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Showing posts from July, 2019

Finsbury Investments Legally Owned By Dr. Rajan Mahtani, Court Of Appeal Shares Final Decision

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Dr. Rajan Lekhraj Mahtani is a noted businessman, charity workers and philanthropist in Zambia. For more than a decade, Dr. Mahtani fought for the legal takeover of the Zambezi Portland Cement factory. The case for the cement factory started when Dr. Mahtani registered it at the Lusaka High Court. This high court took more than ten years to announce a definite decision. It was majority due to the various limitations associated with the Zambian judiciary system, unethical practices by other parties delaying the court proceedings and frequent transfer of judges. Justice Nkonde was the judge announcing the final judgment for the case during the month of May, 2018. However, this judgement was extremely controversial as the judge announced that Ventriglias were only shareholders of the Zambezi Portland Cement . As a result, Dr. Mahtani was left with no choice but to take the case to higher court.  The case was then approached to the Court of Appeal, one of the highest civil judiciar

Dr. Rajan Mahtani is legal owner of Portland Cement Zambia, announced Court of Appeal

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Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. He is also the owner of Portland Cement Zambia for which he fought a case at the Lusaka High Court for more than a decade. The case of Portland Cement Zambia was first launched at the Lusaka High Court where Dr. Mahtani shared numerous evidences and testimonials. Despite these, the final decision from the Lusaka High Court judge was extremely controversial as he announced that Ventriglias were only shareholders of the Zambezi Portland Cement. To counter this decision, Dr. Rajan Mahtani then approached the Court of Appeal.  The final decision from the Court of Appeal was announced on 31st January 2019 and was given by Justice Mwinde. According to this decision, Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder. Finsbury Investments is a company owned by Dr. Rajan Mahtani. On the other hand, Ital Terrazzo limited owns just 42 percent shares at the factory and