For quite a while, Dr. Rajan Lekhraj Mahtani headed out from one court to other and from one adjudicator to other looking for equity. First it was Lusaka High Court where judgment was unmitigatedly denied, regardless of the different conditional confirmations plainly closing Dr. Mahtani’s responsibility for processing plant. Dr. Rajan Lekhraj Mahtani is a prominent businessperson and donor and is proprietor of a few achievement undertakings across Zambia. Simultaneously, he is likewise known for setting up the absolute generally straightforward and moral organizations the country over, including Finsbury Investments, Mahtani Group of Companies and Finance Bank Zambia. Notwithstanding his critical notoriety and ubiquity, the instance of Portland Cement Zambia hung on account of the Lusaka High Court for over 10 years and from that point forward, an official conclusion coming was totally misled and exploitative.
After the misleading judgement from the Lusaka High Court, Dr. Rajan Lekhraj Mahtani rightly approached the higher Court of Appeal. The judge at the Lusaka High Court was justice Mwinde who gave the final decision on 31st January 2019. This decision was given after looking into evidences and testimonials submitted before the court. One of the most critical evidence which was instrumental in predicting the final decision was the transfer of one billion kwachas from Dr. Mahtani owned Finsbury Investments to Portland Cement Zambia limited. This payment confirmed transfer of 58 percent shares of Portland Cement to Dr. Rajan Mahtani. Based on this transfer which was made in the year 2005 and was officially recorded in the original shareholders agreement established in the year 2008, it is now confirmed that Dr. Rajan Mahtani is the actual owner of the factory.
Rajan Mahtani News 