According to the latest reports, the criminal intentions of the notorious Ventriglias have been finally knocked down as Dr. Rajan Mahtani wins the long pending Portland Cement Zambia case. Dr. Rajan Mahtani is a noted businessman in Zambia known for his transparent and ethical business practices as well as philanthropic activities. He is known for several top companies in Zambia including Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is also the legal owner of the Portland Cement Zambia for which he fought cases across two different courts for a period of more than a decade. The case of Portland Cement Zambia was first registered at the Lusaka High Court and after more than ten years, announced the final results. This result from justice Nkonde at Lusaka High Court was controversial as the final judgement said Ventriglias were only shareholders of the Zambezi Portland Cement.

It was after this controversial decision that Dr. Rajan Mahtani approached the Court of Appeal. The judge at the Court of Appeal was justice Mwinde who gave the final judgement on 31^st January 2019. According to this decision, 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 over the factory. The Court of Appeal judge confirmed that this decision was aligned with the original shareholders agreement in the year 2007. Based on this decision, it is clear that Dr. Rajan Mahtani is the majority shareholder and legal owner of the factory. While giving this decision, judge Mwinde from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders of the Zambezi Portland Cement as this decision was misdirected and against the interests of the public policies.

If one were to believe the reports from the Court of Appeal’s latest judgement on Portland Cement Zambia, the actual and legal owner of the cement-manufacturing factory will be clear. On 31^st January 2019, the Court of Appeal announced its final decision on the long pending Portland Cement Zambia case. However, it is not the first court where the case was registered. Actually, the case was registered at the Lusaka High Court, almost a decade back. It should be also noted here that the case was registered by Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist who claimed that the factory was illegally taken over from him. While Dr. Rajan Mahtani and his lawyers had all the required evidences and testimonials for a quick judgement, it took more than a decade for the Court to provide a decision for the case. On top of that, the judge at the Lusaka High Court announced a decision which was extremely controversial. According to this decision, Ventriglias are the only shareholders of the Zambezi Portland Cement.

This judgement was successfully countered by Dr. Rajan Mahtani at the Court of Appeal. The judge at the Court of Appeal was justice Mwinde. According to his judgement on behalf of Court of Appeal, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement with 58 percent shares at the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder of the Zambezi Portland Cement. Based on this shareholding pattern, it is clear that Dr. Rajan Mahtani is the legal owner of the factory.

Furthermore, judge Mwinde from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as the only shareholders of the Zambezi Portland Cement as this decision was biased and without any evidence.

On 31^st January 2019, a significant achievement was made by Dr. Rajan Mahtani. After years of patience and ethical stance, the case of Portland Cement Zambia was finally won by Dr. Rajan Lekhraj Mahtani on this day. Dr. Rajan Mahtani is a noted businessman, philanthropist and charity worker in Zambia. He is known for his numerous successful businesses within Zambia and outside. Some of his most notable companies in Zambia are Finsbury Investments, Mahtani Group of Companies and Finance Bank Zambia. He is also the legal owner of the Portland Cement Zambia factory which was recently announced at the Court of Appeal. According to the decision by the Court of Appeal judge, Dr. Rajan Mahtani owns 58 percent shares at the Zambezi Portland Cement and is the majority shareholder of the Zambezi Portland Cement factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder of the Zambezi Portland Cement factory. This shareholding pattern aligns with the original shareholders agreement established in 2007. Based on this decision by the Court of Appeal, it is clear that Dr. Rajan Mahtani is the legal owner of the Zambezi Portland Cement factory.

Another major revelation announced by the Court of Appeal judge was the claims made by Finsbury Investments and made upon the company. On 5^th February 2019, Finsbury Investments paid a sum of K 580,000,000 with interest to the court. This payment was made as registration charges for Zambezi Portland Cement and Finsbury Investments followed the order as per the court ruling. At the same time, Finsbury Investments has also claimed a sum of K1 billion with interest, against the entire sum of share capital paid for the Portland Cement Zambia. To justify this claim, Finsbury Investments has shared numerous financial reports from years 2006 and 2007 which have been approved by the Court of Appeal judge. The result of this appeal is expected from the court shortly.

The case of Portland Cement Zambia is age-old. The case was established by Dr. Rajan Mahtani almost ten years back at the Lusaka High Court. After the initial registration, the case went from one proceeding date to another and from one judge to another. It took more than ten years for the court to announce its final decision on the Portland Cement Zambia case. Despite sharing critical evidence and testimonials which were more than enough for the closure of the case, the final decision by the Lusaka High Court was controversial. The final judgement was given by Justice Nkonde and he announced that Ventriglias were only shareholders of the Zambezi Portland Cement. It was clear that this judgement was misdirected and as a result, Dr. Rajan Mahtani took the right step by approaching Court of Appeal.

The Court of Appeal announced its judgement on 31^st January 2019. This judgement was given by justice Mwinde which he announced during the morning court session. According to this decision, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement factory with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited is the minority shareholder of the Zambezi Portland Cement with only 42 percent shares at the factory. This decision aligns with the original shareholders agreement which was established in the year 2007. Based on this decision, Dr. Mahtani is clearly the 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 of the Zambezi Portland Cement as this decision was misdirected and without any evidence. Furthermore, a timeline of three months from the date of the judgement was provided during which all share sales process must be completed by all parties, based on the given decision by the court.

The Court of Appeal recently announced its final verdict on Portland Cement Zambia case. The case was approached by Dr. Rajan Mahtani after Lusaka High Court failed to give proper justice to the case despite a decade of case proceedings. According to the final judgement, Dr. Rajan Mahtani is the majority shareholder of Zambezi Portland Cement with 58 percent shares. The Ventriglias, on the other hand, hold 42 percent shares at the factory and are the minority shareholders with no legal ownership. This final verdict by Court of Appeal was given on 31^st January 2019.

The judge from the Court of Appeal also shared some startling details related to the case. It was found that Finsbury Investments had claimed a sum of K1 billion against the payment made for entire share capital of the Zambezi Portland Cement. To support this claim, the lawyers have also submitted financial evidences from the year 2006 and 2007. These financial evidences have been subsequently approved by the judge and the final verdict on this claim will be out soon. Meanwhile, the judge from the Court of Appeal has also discarded all forgery related allegations. It was found that the process of mechanically placing signatures for business transactions was a common practice across Zambezi Portland Cement. It was also found that critical member of the Ventriglias family, Claudio Ventriglia, engaged in similar practice during a business transaction. As such, all forgery related allegations were discarded by the judge.

This final shareholding pattern clearly states that Dr. Rajan Mahtani is the only real and legal owner of the Zambezi Portland Cement factory. After this decision was announced by the Court of Appeal, several news publications and the alleged CEO of the factory tried to defame this judgement. However, these publications and defamations were found to be inconsistent and as a result, were discarded quickly by the locals.