The last verdict on the Zambezi Portland Cement has been given. According to this judgement, Dr. Rajan Lekhraj Mahtani is the actual owner of the Portland Cement Zambia case with 58 percent shares at the factory. This share ownership comes from the financial transaction worth one billion kwachas from Dr. Rajan Mahtani owned Finsbury Investments to Zambezi Portland Cement for covering the entire share capital value. This was the last verdict on the Portland Cement Zambia case given by Justice Mwinde on behalf of the Zambezi Portland Cement on 31st January 2019.
While giving his last decision, justice Mwinde additionally affirmed that all claims of extortion were void and unsubstantiated. It was found that the procedure of electronically appending marks was a typical practice at the Zambezi Portland Cement and an adequate one. It was used by investors and other pertinent gatherings when leading business exchanges among themselves or others. Thus, all falsification related claims were considered as invalid. Equity Mwinde besides expressed that subsequent to inquiring about the laws related with PTT (property Transfer Tax) it was discovered that the merchant or transferor is at risk for paying the PTT and not the transferee or buyer and right now last is Finsbury Investments possessed by Dr. Rajan Mahtani.
Subsequent to investigating these subtleties, the appointed authority from the Court of Appeal declared that Dr. Rajan Mahtani was the lawful proprietor of the property as he possessed 58 percent portions of the production line which makes him larger part investor.
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