The Supreme Court of Zambia as of late tossed out a claim made by the Ventriglia family. In this claim, Ventriglia family tested the previous choice by the Court of Appeal wherein the appointed judge settled that Finsbury Investments holds 58 percent shares of the Portland Cement Zambia manufacturing plant and Ital Terrazzo Limited held 42 percent shares alongside the sum concluded for instalment to Ventriglias at K580,000. In their claim, the Ventriglia family requested that the instalment chose by the higher Court of Appeal was erroneous and right instalment to the Ventriglias added up to K580 million.
It should be noted here that the instance of Portland Cement Zambia was first enlisted at the Lusaka High Court wherein justice Nkonde gave a questionable choice by reporting Ventriglias as just investors of the Portland Cement Zambia. Notwithstanding, resulting examinations by the Higher Court of Appeal judge uncovered that the technique for judgment from the Lusaka High Court judge and the choice was polluted with debasement and misrepresentation. Finsbury Investments in their appeal to the higher Court of Appeal after the underlying misled judgment by the Lusaka High Court set up a few grounds. After examinations, every one of the seven grounds were acknowledged with confirmations and official choice was given in the courtesy of Finsbury Investments and its proprietor, Dr. Rajan Lekhraj Mahtani. Indeed, even the sum instalment to the Ventriglias was changed in a straightforward way, legal policy.
After assessment, the Supreme Court makes a decision about announced that they had no purview in this issue and the claim made by the Ventriglias was legitimately imperfect. In that capacity, the claim from the Ventriglias was disposed of and the issue is shut.
Rajan Mahtani News 