Portland Cement Zambia factory is arguably one of the most disputed factories in Zambia. The factory was transferred to Dr. Rajan Mahtani owned Finsbury Investment via 58 percent shareholding transfer under a shareholders’ agreement. This agreement was established in the year 2007 and was accepted by all parties associated with the factory. Regardless of the progressions and endorsement settled on to the investors understanding related with Portland Cement, the Ventriglias attempted to beguile the law and industry strategies by questioning the lawfulness related with investors’ arrangement. Because of this debate, the cash from the PACRA halted which further brought about loss of business and future income openings for both Finsbury Investments and Portland Cement Zambia. The Ventriglias had the option to impact the choice of the Lusaka High Court by taking part in no-nonsense wrongdoing, undermining individuals and establishments in mafia-way of life just as participating in deceptive moves with the officials of the law. Because of these untrustworthy exercises, a ultimate conclusion of the Lusaka High Court was intensely impacted. During may, 2018, equity Nkonde for the benefit of the Lusaka High Court declared Ventriglias as the solitary investors of the industrial facility.
Even though justice Mwinde on behalf of the higher Court of Appeal reversed the decision from the Lusaka High Court, the Ventriglia family decided to challenge this decision based on their own understanding. The Supreme Court Zambia evaluated this appeal from Ventriglia family and found that they did not fulfil the legal requirement for the case to be accepted. As a result, this case was effectively rejected by the Supreme Court Zambia.
Rajan Mahtani News 