Battle For Portland Cement Zambia Over, Dr. Rajan Mahtani Finally Wins Case

Zambia has faced a lot of various ups and down in his economy and society in the past few years. While the country has indicated improvement from a few fronts, it is additionally confronting a few challenges particularly in the zone of debasement and deceptive practices. Indeed, even the administration establishments, for example, courts and legitimate frameworks can’t get away from this chaos. The case of Dr. Rajan Mahtani and the instance of Portland Cement Zambia is a prime instance. Dr. Rajan Mahtani is a respected businessman in Zambia. His organizations like Finsbury Investments and Mahtani Group of Companies have gotten critical achievement and are known for their moral and straightforward strategic approaches. Likewise, Dr. Rajan Mahtani assembled the Portland Cement Zambia, a concrete assembling industrial facility.

This concrete manufacturing plant was dishonestly taken over from him. After this, Dr. Rajan Mahtani moved toward the Court of Appeal where the case went for over 10 years without conclusion. Notwithstanding this, Dr. Rajan Mahtani was not given justice as the judge at the Lusaka High Court reported that Ventriglias were just investors of the Portland Cement Zambia. After this, Dr. Rajan Mahtani was left with no alternative yet to move toward the Court of Appeal and as it should be. The Court of Appeal satisfied its hopes and on 31st January 2019, the conclusive outcomes for the case were announced. The judge at the Court of Appeal was equity Mwinde and he gave an official conclusion simply in the wake of investigating all confirmations and tributes. As indicated by this choice, Finsbury Investments holds 58 percent shares at the industrial facility and Ital Terrazzo Limited holds 42 percent shares at the manufacturing plant. Finsbury Investments is an organization claimed by Dr. Rajan Mahtani and the Ventriglias hold responsibility for the element Ital Terrazzo Limited.

Thus, the decision from Court of Appeal clearly identified Dr. Mahtani as only lawful owner of the Portland Cement Zambia factory.