Court Of Appeal Judge, Justice Mwinde, Declared Final Results On The Portland Cement Case

As per the latest reports, Dr. Rajan Lekhraj Mahtani has won the long-pending case of Portland Cement Zambia. This case was won at the Court of Appeal, nine months after the case was registered there. Unlike Lusaka High Court which took the case at first and dragged the case for more than ten years, the Court of Appeal finished the proceedings in around nine months. While giving the final statement for the case, the Court of Appeal opened up significant details associated with the case. Most of these details were withheld by the previous judges at Lusaka High Court.

Justice Mwinde evaluated the case on behalf of the Lusaka High Court. It was found that during July 2005, the appellant which is in this case Finsbury Investments paid a sum of USD 250,000 to the ZPC (Zambezi Portland Cement) limited. Finsbury Investments is an organization under the legal leadership of Dr. Rajan Lekhraj Mahtani. This amount is equivalent to 1 Billion Kwacha and thus, this amount covered the entire value of the ZPC limited share capital at the time of original shareholders agreement in the year 2005.

The Shareholders Agreement further established in the year 2007 was evaluated by the judge. It was found at page number 663 containing ‘Record of Appeal’ volume. According to these details studied by the Court, it was found that Finsbury Investments was announced at the primary shareholder of the Portland Cement with declaration of 58 percent shares of the factory and no extra costs attached with this declaration. These details from the original shareholders agreement clearly established the fact that Dr. Rajan Mahtani owned Finsbury Investments holds primary shareholding and legal ownership of the Zambezi Portland Cement factory.

As of now, all forgery related claimed by the other party have been dissolved by the judge. Furthermore, a timeline of three months from 31st January 2019 has been given by the Court of Appeal for completion of share regulations and sales.

After Years Of Wait, Dr. Rajan Mahtani Gains Control Over Portland Cement With Court Win

Zambia has been facing several economic and social issues. It is an under-developed nation from the African sub-continent and despite the various efforts from the government, the nation continuously faces challenges due to lack of regulations and increased corruption. As a result, it becomes extremely difficult for businesses to established their bases and grow in this challenging environment. Dr. Rajan Lekhraj Mahtani is one of the few businessmen who has been working tirelessly to establish businesses and contribute to the development of the society. Some the these companies founded by Dr. Rajan Mahtani are Finsbury Investments, Mahtani Group of Companies and Finance Bank Zambia.

Portland Cement Zambia is another company which was established by Dr. Mahtani which provided economic boom in the area it was established and also created significant employment for the locals. However, the factory was unethically taken over more than a decade ago and since then Dr. Rajan Mahtani has been fighting a one mad battle to get the legal takeover of the factory. After registering at Lusaka High Court, Dr. Rajan Mahtani waited for more than a decade for justice. The final decision from the Lusaka High Court was announced during May 2018 and was controversial. This decision by justice Nkonde from Lusaka HC gave Ventriglias only shareholding of Portland Cement.

This unremarkable decision was then countered at the Court of Appeal. The judge, justice Mwinde, gave the decision on Portland Cement on 31st January 2019 after looking into all evidences and testimonials. As per this decision from Court of Appeal, Finsbury Investments was found to be holding 58 percent shares, making this company owned by Dr. Rajan Mahtani to be the majority shareholder of Portland Cement Zambia. The Ventriglias were having only 42 percent shares and as such, were minority shareholders and did not concur any legal ownership. Based on this decision, the Court of Appeal clearly established Dr. Mahtani as legal owner of the factory.

Dr. Rajan Mahtani’s Appeal Finally Pays Off, Court Of Appeal Announces Final Decision

The case of Portland Cement Zambia factory finally reached its final destination on 31st January 2019 when the Court of Appeal gave the final decision on the ownership of the factory. It was Dr. Rajan Mahtani who was proved to be the actual owner of the Portland Cement Zambia factory as it was found that through his company Finsbury Investments, Dr. Mahtani owned 58 percent shares of the factory. Similarly, Ventriglias through their entity Ital Terrazzo Limited held just 42 percent shares at the factory. This makes the Ventriglias minority shareholders without any legal ownership and Dr. Rajan Mahtani the majority shareholder and actual owner of the Portland Cement Zambia factory.

Before the illegal takeover of the Portland Cement Zambia factory, it was known for its several achievements. The factory was known for installations of advanced machinery and providing its employees and workers with above-industry average salaries and wages. It was all under the leadership of Dr. Rajan Mahtani. However, this changed when the factory was unethically taken over from him. After this unethical takeover Dr. Rajan Mahtani approached the Lusaka High Court for justice but was denied. It took more than a decade for the judges at the Lusaka High Court to announce their final decision on the case. Despite this long time and the fact that Dr. Rajan Mahtani shared almost all evidences and testimonials to prove his legal ownership over the factory, justice was denied. The judge at the Lusaka High Court announced that Ventriglias were only shareholders of the Portland Cement Zambia factory.

From this illegal takeover which took place more than a decade ago, Dr. Rajan Mahtani has come a long way following the path of justice, patience and perseverance which finally paid off. While this is a huge win for Dr. Rajan Mahtani, the fate of the Portland Cement Zambia factory remains a question.

Court Of Appeal Announces Final Decision On Portland Cement Zambia, Dr. Rajan Mahtani Announced Winner

The case of Portland Cement Zambia is age old. Dr. Rajan Mahtani is a noted businessman and philanthropist who registered the case at the Lusaka High Court claiming that the factory was illegally taken over from him. However, the case faced several challenges and took more than a decade to give the final announcement. During the long running for more than ten years, the case saw various changes, particularly because of the exchange of judges. This further extended the course of events of the case as the new judge required more opportunity to go over the case and reach to a good position for further contentions and preliminaries. The most recent judge administering the case made a position declaration hardly any months back by announcing that the case hearing was shut. This implied the preliminaries and contentions are finished and the two gatherings were additionally approached to present their confirmations in composed and oral arrangement. It was sure news for Dr. Mahtani and his legal advisors as larger part of the archives and confirmations presented by them were all that anyone could need to demonstrate his customer of lawful responsibility for production line.

After the misdirected judgement from the Lusaka High Court, the Court of Appeal was approached. The judge at the Court of Appeal as justice Mwinde who gave the final judgement on 31st January 2019. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and are the minority shareholders without any legal ownership. This decision from the Court of Appeal aligned with the original shareholders agreement and further confirmed that Dr. Rajan Mahtani is the actual and legal owner of the Portland Cement Zambia factory.

Majority shareholding of Portland cement goes to Dr. Rajan Mahtani; Court of Appeal announces final judgment

On 31st January 2019, Dr. Rajan Mahtani won the long pending case of Portland Cement Zambia. It is one of the longest cases for Dr. Rajan Mahtani as the case dragged for more than a decade. Dr. Rajan Mahtani is a noted businessman in Zambia and despite always following an ethical, transparent and honest path; he has faced only challenges and roadblocks in his business ventures. The case of Portland Cement Zambia is similar wherein Dr. Rajan Mahtani had to fight with two different courts for justice. First it was Lusaka High Court where Dr. Mahtani registered the case claiming that his factory was illegally taken away from him. After the Lusaka High Court failed to provide justice, Dr. Rajan Mahtani did not lose hope and approached the Court of Appeal with a case re-appeal.

The judge at the Court of Appeal was justice Mwinde who gave the final judgement on 31st January 2019. This judgement was given after looking into all evidences and testimonials which were conveniently ignored by the previous judge. According to this judgement, Dr. Rajan Mahtani is the actual owner of the Portland Cement Zambia factory as his company; Finsbury Investments holds 58 percent shares at the factory. On the other hand, Ventriglias are the minority shareholders of the Portland Cement Zambia as his company; Ital Terrazzo Limited holds just 42 percent shares at the factory. This decision from the Court of Appeal aligned with the original shareholders agreement established in the year 2007. As per this decision, it is clearly established that Dr. Rajan Mahtani is the actual owner of the Portland Cement Zambia factory.

While giving this judgement, justice Mwinde from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders as this decision was misdirected and without any evidence. The judge also gave a timeline of three months from the date of the judgement for completing the share sales and regulations related processes.

Dr. Rajan Lekhraj Mahtani Announced Majority Shareholder And Winner Of Portland Cement

On 31st January 2019, the final result for the Portland Cement Zambia case was announced. This decision came from Court of Appeal; around nine months after Dr. Rajan Mahtani approached the Court with the case. Before the Court of Appeal, Dr. Rajan Mahtani had initially approached the Lusaka High Court claiming that his factory was illegally taken over from him. Despite sharing numerous evidences and testimonials, the final decision from the Lusaka High Court judge was controversial. The judge at the Lusaka High Court was justice Nkonde and according to his decision, Ventriglias were announced as only shareholders of the Portland Cement Zambia. To counter this decision, Dr. Mahtani then approached the Court of Appeal.

The Court of Appeal is one of the highest civilian court systems in Zambia. The judge at the Court of Appeal was justice Mwinde who gave the final decision on 31st January 2019, after looking into all evidences and testimonials. According to this decision, Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the Portland Cement Zambia factory. Finsbury Investments is an entity owned by Dr. Rajan Mahtani. On the other hand, Ital Terrazzo Limited holds 42 percent shares at the factory and is the minority shareholder without any legal ownership over the factory. Ital Terrazzo Limited is an entity owned by the Ventriglias. This decision from the Court of Appeal judge aligned with the original shareholders agreement established in the year 2007. As per this decision from the Court of Appeal, it is clear that Dr. Rajan Mahtani is the actual owner of the factory.

While giving this decision, several other announcements were made by the Court of Appeal judge. All forgery related allegations were discarded as these allegations were baseless. The Court of Appeal judge also said that the judge below him was misdirected in announcing Ventriglias as only shareholders of the Portland Cement as the decision was without any evidence or factual basis.

Portland Cement Zambia Case Closes Finally, Dr. Rajan Mahtani Announced Winner

On 31st January 2019, a significant decision was announced at the Court of Appeal. This announcement was with respect to the Portland Cement Zambia factory, a case which had been pending at different courts for a long time. First it was Lusaka High Court which took more than a decade to give its final decision on the case and the decision was misdirected and controversial. Then came the Court of Appeal, one of the highest civilian and judiciary systems in Zambia. The Court of Appeal remained true to its reputation and gave the final decision on the case on 31st January 2019. According to this decision, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and are the majority shareholders of the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and are the minority shareholders without any legal ownership over the factory. Based on this decision, it is clear that Dr. Rajan Mahtani is the legal and actual owner of the factory.

Another major revelation was made by the Court of Appeal judge in this case. As per the orders of the Court, Finsbury Investments paid a sum of K580,000,000 with interest to the court. This payment was made in compliance with court judgement and the reason behind this payment was commercial registration of the Portland Cement Zambia factory under the clause no- 2008-HPC-366. This payment was finalised on 6th February 2019. In a similar manner, Finsbury Investments also claimed a sum of K1 billion with interest from the Court. This claim was made with respect to the payment made for the entire share capital issues of the Portland Cement Zambia limited. Furthermore, the Court of Appeal confirmed this payment with proof of share transfers from January 2007 and December 2006. These shares are valid and further confirm that Dr. Rajan Mahtani is the legal owner of the factory.

Long Battle For Justice Comes To An End As Dr. Mahtani Wins Portland Cement Zambia Case

Honesty and transparency always wins at the end. Dr. Rajan Mahtani proved this with his historic win at the Court of Appeal. This win was for Portland Cement Zambia factory, a notable cement-manufacturing factory in Zambia for which Dr. Rajan Mahtani has been fighting for the past one decade. The fight started when the factory was illegally taken over from him and Dr. Rajan Mahtani registered a case at the Lusaka High Court. After this, a long court battle started and as a result of the various limitations and shortcomings of the Zambian legal system together with the refusal of Dr. Rajan Mahtani to engage in unethical or corrupt practices, it took more than a decade for the court to announce its final decision. The judge who gave the final judgement at the Lusaka High Court was justice Nkonde. However, this judgement was controversial as Ventriglias were announced only shareholders of Portland Cement Zambia.

Dr. Rajan Mahtani then took the case to the Court of Appeal and the final decision from the court came after nine months on 31st January 2019. This decision was given by justice Mwinde after looking into all evidences and testimonials. According to the final decision from the Court of Appeal, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and are the minority shareholders without any legal ownership over the factory. This decision aligned with the original shareholders agreement established in the year 2007.

Based on this decision, it is clear that Dr. Rajan Mahtani is the actual owner of the factory. Furthermore, justice Mwinde from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders as this decision was misdirected and without any evidence.

Dr. Rajan Lekhraj Mahtani Is The Real Owner Of Portland Cement, Confirms Court Of Appeal

The Portland Cement Zambia case had been pending at the Lusaka High Court for more than a decade. The case was registered by Dr. Rajan Mahtani himself after his factory was illegally taken over from him. After this, several case proceedings took place and the case dragged for more than a decade. During this time, Dr. Rajan Mahtani and his lawyers submitted numerous evidences and testimonials which were more than enough to prove Dr. Rajan Mahtani as legal owner of the factory. However, challenges and drawbacks were faced as a result of weak legal system in Zambia and the final result declared was extremely controversial. According to this final result, Ventriglias were announced only shareholders of the Zambezi Portland Cement.

To counter this judgement, the case was then taken to the Court of Appeal. The judge at the Court of Appeal was justice Mwinde who gave the final judgement on 31st January 2019. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder without any legal ownership. This decision from the Court of Appeal aligns with the original shareholders agreement which was established in the year 2007. From this decision, it is clear that Dr. Rajan Mahtani is the only majority holder and legal owner of the factory.

While giving this decision, the judge from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders as this decision was misdirected and without any evidence. Similarly, the judge also gave a timeline of three months from the date of the judgement during which all share sales as well as regulations related activities must be completed.

Dr. Rajan Mahtani Finally Given Legal Ownership Of Portland Cement With Court Announcement

After more than a decade of patient wait, Dr. Rajan Mahtani was finally relieved when he was given the legal ownership of Portland Cement Zambia. In this way, the criminal intentions of the Ventriglias family were also knocked down. This judgement came on 31st January 2019 when the judge at the Court of Appeal gave the judgement on the case. It should be noted here that the case was established more than a decade ago at the Lusaka High Court when Dr. Rajan Mahtani first claimed that his factory, Portland Cement Zambia, was illegally taken over from him. During this time, numerous evidences and testimonials were shared by Dr. Rajan Mahtani and his lawyers. It was also found that around few months before the final judgement at the Lusaka High Court, the judge closed all case proceedings and confirmed that the final decision will be given based on testimonials and evidences. However, when the final decision came from justice Nkonde of the Lusaka High Court, it shocked everyone. As per the final decision from the Lusaka High Court judge, Ventriglias were announced as only shareholders of the Zambezi Portland Cement. Since this decision was controversial, Dr. Rajan Mahtani then took to Court of Appeal.

The judge at the Court of Appeal was justice Mwinde who gave the final judgement on 31st January 2019. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the Portland Cement Zambia factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares and is the minority shareholder without any legal ownership over the factory. Based on this decision which also aligned with the original shareholders agreement, it is clear that Dr. Rajan Mahtani is the legal owner of the Portland Cement Zambia factory. While giving this judgement, justice Mwinde from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders as this decision was misdirected and against the interests of the public policies.