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 31st 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.