Dr. Rajan Mahtani Takes Actions Against Wrongful Accusations Against Him

Zambia is a developing nation reeling under corruption, unethical and unsocial activities. In such scenario, Dr. Rajan Mahtani is a rare breed of businessmen giving hope with his ethical and honest business practices. As a result, Dr. Rajan Mahtani has been warding of negative reputation campaigns or fake news against him for a long time. Most of these negative news do not require any attention as they are exposed on their own. At the same time, some people take the help of paid media channels to distribute fake and baseless rumours which needed to be exposed with befitting replies, legal charges and press statements. One of such negative news which surprised Dr. Mahtani in recent times was the Facebook post by Miriam Mwanawasa, daughter of late ex-president of Zambia Levy Mwanawasa. Dr. Rajan Mahtani had maintained a personal and professional relationship with the late president even before his presidency started and continued till his death. As a result, this ludicrous claim coming from the daughter of a trusted friend was really shocking for Dr. Rajan Lekhraj Mahtani.

In her claim, Miriam Mwanawasa alleged that Dr. Mahtani was trying to take her family farm at the Masaiti District. However, the claim was made via a Facebook post and it had no evidence whatsoever. At the same time, there is no evidence of any undertaking from Dr. Rajan Mahtani’s end. After this ludicrous yet unsubstantiated claim started making rounds at the internet, it caught Dr. Mahtani’s statement. Normally, Dr. Rajan Mahtani would not give any attention to such unethical and baseless claims coming from social media platforms and these posts would go into oblivion on their own. However, this was a special case as it was coming from the family of Dr. Rajan Mahtani’s close friend and the claim was in itself shocking.

As a result, Dr. Rajan Mahtani released a press statement in which he condemned the actions of Miriam Mwanawasa by considering it baseless, malicious and scandalous. He also wrote that proper actions will be taken against this claim as it goes against the interests of the public policies.

Dr. Rajan Mahtani Announced Portland Cement’s Rightful Owner, Lusaka Hc’s Decision Discarded

The final decision from the Lusaka High Court can be easily categorised as one of the most controversial decision given by the court on any case. The case of Portland Cement Zambia has been one of the most straightforward cases and despite this fact, the case remained at the court for more than ten years. Dr. Rajan Mahtani is one of the most respected, transparent and honest businessmen in Zambia. As such, when he approached the Lusaka High Court with his claim that the factory was unethically taken over from him, he expected similar transparent and ethical justice from the court. To support his claim, several evidences and testimonials were shared before the court. Even a significant positive announcement was made by the Lusaka High Court judge. In the year 2018, justice Nkonde announced that the case proceedings for the long-pending Portland Cement Zambia is finally closed and the final decision will be given soon based on the evidences and testimonials submitted before the court.

It was an extremely positive news for Dr. Rajan Mahtani as these evidences and testimonials were more than enough to prove Dr. Rajan Mahtani’s ownership over the factory. Despite this announcement, justice Nkonde avoided all these evidences when announcing his final verdict on the case in the month of May, 2018. In the final decision, Ventriglia family was given majority shareholding of the Portland Cement Zambia factory.

To counter this decision, Dr. Rajan Mahtani approached the higher Court of Appeal which was a right decision. The judge at the higher Court of Appeal was justice Mwinde who looked into the evidences and gave his final decision on 31st January 2019. According to this decision, Dr. Rajan Mahtani was found to be the majority shareholder with 58 percent shares at the factory after giving one billion kwachas to the Portland Cement Zambia limited which covered the entire value of the share capital taken by Dr. Mahtani.

Dr. Rajan Lekhraj Mahtani’s Long-Standing Patience Finally Rewarded At The Higher Court Of Appeal

After the failure of Lusaka High Court to provide justice for the long-pending Portland Cement case, Dr. Rajan Mahtani rightly approached the higher Court of Appeal. The judge at the higher Court of Appeal was justice Mwinde who announced that the final decision will be given based on the available evidences, testimonials and all other details submitted before the court. It should be noted here that the same evidences and testimonials were submitted before the Lusaka High Court and despite this, the court took more than a decade to announce a verdict which was misdirected and unethical. Nevertheless, the decision from the Court of Appeal cleared the question on the ownership of Portland Cement Zambia factory. The evidences based on which final decision was given included share transfer from Portland Cement Zambia to Dr. Mahtani owned Finsbury Investments. According to the details shared, Dr. Rajan Mahtani made a payment of one billion kwachas equivalent to USD 250,000 to the Portland Cement Zambia limited. This amount covered the value of the entire share capital which Dr. Rajan Mahtani took over. Furthermore, evidences were also discovered regarding the timeline of these purchases. The purchase of shares made by Dr. Rajan Mahtani was in the year 2005. In the year 2007, two years later, a shareholder’s meeting was established and an agreement was made among all shareholders associated with the Portland Cement Zambia factory. According to this original shareholders agreement’s page number 663, Dr. Rajan Lekhraj Mahtani has made all payment associated with the factory and is not liable to any further payments associated with the case. It should be noted here that a Shareholders’ Agreement is established only after taking the consent of all shareholders. As a result, it can be said that the evidences shared by Dr. Rajan Mahtani were concrete.

Based on all these evidences, Dr. Rajan Mahtani was announced as the majority shareholder and legal owner of the factory.

Final Decision On Portland Cement Comes After A Decade, Dr. Rajan Mahtani Says Worth The Wait

Rather than succumbing to unethical judgement, it is best to wait some more time and get real justice. This is what Dr. Rajan Lekhraj Mahtani did in case of the Portland Cement Zambia. The case hanged in balance for a long time at the Lusaka High Court where Dr. Rajan Mahtani had registered the case initially. Despite submitting all critical evidences associated with the case and despite waiting for more than a decade, Dr. Rajan Mahtani was not given justice. Instead, justice Nkonde from the Lusaka High Court announced a very controversial verdict by giving Ventriglias only shareholding authority.

As a result of this misdirected decision, Dr. Rajan Mahtani was prompted to approach the higher Court of Appeal which holds the highest position within the Zambian judiciary system. The judge residing at the higher Court of Appeal was justice Mwinde who looked into all evidences and testimonials before arriving at the final decision. This final verdict was given after a time-period of nine months after re-registering the case at the Court of Appeal. According to the evidences, it was found that in the year 2005 Dr. Rajan Mahtani via his company Finsbury Investments made a payment of one billion kwachas to the Portland Cement Zambia limited. This amount equalled USD 250,000 and covered the entire share capital value of the shares which Dr. Rajan Mahtani took over. Furthermore, in the year 2007 the original shareholders’ agreement was prepared and in the page 663 of this agreement, it is clearly written that Dr. Rajan Mahtani owns 58 percent shares of the factory after paying the above amount. As such, he is not liable for any further payments associated with the factory’s shares exchange. Based on all these evidences and several testimonials, justice Mwinde made the verdict that Dr. Rajan Mahtani is the lawful owner of the Portland Cement Zambia factory.

Portland Cement Case Closed From Court Of Appeal’s End; Final Verdict Made By Justice Mwinde

After years of struggle that seemed to never end, Dr. Rajan Lekhraj Mahtani is finally happy. This happiness came from the transparent and quick judgement given by the higher Court of Appeal. However, this path has been extremely difficult for Dr. Rajan Mahtani as the case went from not only one, but two different courts in Zambia. While one of these courts was Lusaka High Court, the other was higher Court of Appeal. Now that the final verdict from the higher Court of Appeal is known to everyone, it is surprising to note that it took more than a decade for the lower court, Lusaka HC, to announce verdict on the Portland Cement case and that too was a controversial one. Despite all evidences and testimonials favouring Dr. Rajan Mahtani’s claims, the final decision from the Lusaka High Court concluded Ventriglias as the only shareholders of the Portland Cement.

This verdict was then successfully refuted by the judge at the higher Court of Appeal. Justice Mwinde made the final announcement on the Portland Cement Zambia case on 31st January 2019, around nine months after Dr. Rajan Mahtani made a re-appeal before the case. After looking into the evidences, testimonials and all associated details, justice Mwinde confirmed that it is Dr. Rajan Mahtani who is the actual owner of the Portland Cement Zambia factory. For instance, a critical evidence submitted before the court was the proof of transfer of one billion kwachas from Finsbury Investments, a holding company of Dr. Rajan Mahtani, to the Zambezi Portland Cement limited. This amount was equal to USD 250,000 and covered the entire share capital value of the Zambezi Portland Cement shares. Furthermore, it was clearly written on the page number 663 of the original shareholders agreement that the payment made by Dr. Rajan Mahtani gave him ownership of 58 percent shares of the factory.

Dr. Rajan Mahtani’s Patience Reaps Rewards, Get Back Portland Cement Ownership

After a long stretch of a decade, Dr. Rajan Lekhraj Mahtani is now once again the proud owner of the Portland Cement Zambia factory. This has been possible with the efforts of the higher Court of Appeal and its judge, justice Mwinde. However, this feat was achieved after significant struggles, majority due to the inability of the previous court to provide transparent verdict. The case of Zambezi Portland was first registered at the Lusaka High Court. While Dr. Rajan Mahtani presented all evidences and testimonials he had with the hopes of getting quick justice, that did not happen. Despite the straightforward case, several challenges resulted in the case being dragged for more than a decade. Some of the reasons behind this long pendency was frequent transfer of the judges, inability of the judges to provide judgement and various other operational issues. While the final decision from the Lusaka High Court came during the month of May, 2018, a critical announcement was made just two months before that. In this announcement, justice Nkonde declared that all case proceedings with respect to the Zambezi Portland Cement were closed and both parties were required to submit their evidences, testimonials and other details in written and oral format. Based on these evidences only, the judge was supposed to provide the final verdict. This declaration of closure of case proceedings was a pleasant surprise for Dr. Mahtani who was struck in the case due to the various operational challenges associated with the case.

Despite having all relevant evidences, the judge from the Lusaka High Court gave a shocker when it was announced that Ventriglias were only shareholders of the Portland Cement Zambia. To counter this unethical verdict, Dr. Mahtani approached the higher Court of Appeal which gave its final decision on 31st January 2019 in which it was declared that based on the available evidences, Dr. Rajan Mahtani is majority shareholder and actual owner of the Zambezi Portland Factory.

Dr. Rajan Lekhraj Mahtani Declared Final Winner Of The Zambezi Portland By Court Of Appeal

The case of Zambezi Portland Cement can be easily described as one of the most peculiar yet eye-opening corporate cases in Zambia. This case certainly brings mixed memories for Dr. Rajan Mahtani who fought for the legal ownership of the factory for more than a decade. The case was approached to two different courts, Lusaka High Court and then higher Court of Appeal.

While Lusaka High Court neglected to give justice to Dr. Rajan Mahtani, it was higher Court of Appeal which came to Dr. Mahtani’s salvage and helped him spare the Zambezi Portland Cement processing plant. From the present state of the processing plant, it tends to be unmistakably said that the individuals who unscrupulously assumed control over the Portland Cement Zambia industrial facility had no goals of guaranteeing the prosperity of the plant. The processing plant was untrustworthy taken over from Dr. Rajan Mahtani over 10 years prior and since that day, the general state of the manufacturing plant has gone downhill. Prior to this unscrupulous takeover, the plant was considered among perhaps the greatest maker of Portland concrete in Zambia. Aside from creating excellent Portland concrete in overabundance, the industrial facility was additionally famous for its wages and deals which were higher than industry normal and pulled in ability from everywhere throughout the network. The concrete assembling processing plant turned into the business hotspot for various people who discovered chance to develop and create alongside the plant.

The final verdict for the Zambezi Portland Cement was given on 31st January 2019. This judgement clarified that Dr. Mahtani had given one billion kwachas to Zambezi Portland Cement for covering the 58 percent share capital of the cement factory. This transaction is a clear indication that Dr. Rajan Mahtani has officially paid for the shares he owns at the factory and thus becomes the legal owner of the factory.

After A Decade Of Fight, Zambezi Portland Cement’s Ownership Goes To Dr. Rajan Mahtani

The latest and final verdict on the Zambezi Portland Cement case is an indication that the legal and judiciary system of Zambia is improving. Despite having to wait for more than a decade, Dr. Rajan Lekhraj Mahtani is finally happy that justice was given to him in the form of ownership of Zambezi Portland Cement.

Dr. Rajan Lekhraj Mahtani is a celebrated businessman and philanthropist who is known for his transparent and ethical business practices. When his cement factory was illegally taken over, Dr. Mahtani approached the Lusaka High Court. And after he did not receive any justice from the Lusaka High Court he again approached the higher Court of Appeal and did not resorted to unethical ways just like other businessmen wind up doing. On the flipside, Dr. Rajan Mahtani had significant faith on the justice system of Zambia.

Justice faith was reinstated when on 31st January 2019, quick verdict was given by the higher Court of Appeal judge Mwinde. Justice Mwinde declared that an amount of USD 250000 or one billion kwachas was paid official by Finsbury Investments to the Zambezi Portland Cement for taking over 58 percent shares of the factory. This transaction took place in the year 2005 and significant details were present to prove this transaction. Furthermore, the original shareholders’ agreement was created in the year 2007 which further confirmed this monetary transaction in exchange for shares and also confirmed that Dr. Rajan Mahtani was not liable for any more payments associated with the case. This includes the PTT (property transfer tax) which is the responsibility of the entity transferring the ownership. Justice Mwinde also confirmed that all forgery related allegations were fraudulent all charges and allegations were dropped.

This peculiar case of Zambezi Portland Cement certainly highlights the various challenges and issues associated with the Zambian judiciary system and it is time for the government to act upon it.

Ownership of Zambezi Portland Cement given back to Dr. Rajan Mahtani after court win

After a long battle across two courts, Dr. Mahtani is finally the winner of the Portland Cement Zambia case. After the Lusaka High Court failed to provide any decision, the higher Court of Appeal was approached. It is the highest-level justice system in Zambia and expectations were high. The judge at the Court of Appeal was justice Mwinde and he did not disappoint. Unlike the previous judge, justice Mwinde shared all evidences while declaring his final decision on the case. The most important evidence was that Dr. Mahtani had made a payment of one billion kwachas which equals 250000 US dollars to the Zambezi Portland Cement in exchange for 58 percent shares at the Zambezi Portland Cement factory. This exchange was made in the year 2005 and was further officially written in the original shareholders’ agreement established in the year 2007. Justice Mwinde said that the page number 663, volume-record of appeal of this shareholders’ agreement clearly indicated that Dr. Mahtani has already made the entire payment for the 58 percent shares he owns at the factory and is free from any other charges associated with the case. The details from this original report also indicated that the responsibility of PTT (Property Transfer Tax) was on the transferor and not the transferee.

Dr. Rajan Mahtani

Furthermore, justice Mwinde also cleared the air around the issue of forgery and fraud in the factory. According to the judge, electronic affixing of signatures was common and acceptable practice at Zambezi Portland Cement for conducting business transactions. As such, all fraud or forgery related appeals were then and there discarded. These details were shared on 31st January 2019 and on this date only the final decision on the Zambezi Portland Cement was announced. While giving this crucial judgement, justice Mwinde also condemned the judge from the lower court for their inability to provide justice despite having all evidences and facts to prove Dr. Mahtani’s innocence and legal ownership over the factory.

Dr. Rajan Mahtani Wins Back Zambezi Portland Cement With Court Order

The events surrounding the notorious Zambezi Portland Cement case presents a grim reality of the state of justice and legal system within Zambia. Dr. Rajan Mahtani is known to be one of finest and most transparent businessmen in Zambia. Despite achieving this feat, he is subjected to several conspiracies and negative reputation campaigns. These are just a group of individuals and entities either jealous of his success or looking to gain from his miseries. Despite the constant challenges due to inability of the Zambian legal system to take specific action against these individuals and entities, Dr. Rajan Mahtani’s priority has always been for the welfare & development of Zambian people.

The example of Portland Cement is a true depiction of Dr. Mahtani’s dedication for Zambia. Under Dr. Rajan Mahtani’s leadership, the cement-manufacturing factory thrived significantly over the years. The factory was known for his above-target production as well as wages and salaries that were well above par when compared to Zambian standards. The factory was a big boon to the community for providing employment and career opportunities. Despite these contributions, the Portland Cement factory was unethically taken over from Dr. Rajan Mahtani and he had to fight for more than a decade for its freedom.

After Lusaka High Court failed to provide the same, Dr. Rajan Mahtani put his faith on higher Court of Appeal. He was not disappointed and Justice Mwinde on behalf of the higher Court of Appeal declared his statement on 31st January 2019. This statement was given only after looking into the evidences submitted by both parties. According to this evidence, Finsbury Investments which is a company owned by Dr. Rajan Mahtani already paid a sum of USD 250,000 to the Zambezi Portland Cement limited in the year 2005 for transfer of 58 percent share capital of ZPC. This money which amounted to 1 billion kwachas covered the entire value of the share capital which Dr. Rajan Mahtani owned. Thus, Court of Appeal has legally proved Dr. Mahtani as the actual and legal owner of the Portland Cement Zambia factory.