Category Archives: Zambia News

Dr. Rajan Lekhraj Mahtani Finally Receives Justice, Portland Cement Zambia Case Decision Announced

The path of transparency and honesty might e difficult, but it surely leads to success and achievement in the long run. This holds true in case of Portland Cement Zambia case. Dr. Rajan Mahtani had registered a case at the Lusaka High Court almost a decade ago. This case was launched for legal takeover of the Portland Cement Zambia factory. Reports have clearly indicated that Dr. Rajan Mahtani had all evidences, testimonials and facts to support his claim. Despite this, it took more than a decade for the Lusaka High Court to announce the final judgement. The judge at the Lusaka High Court was justice Nkonde who announced that Ventriglias were only shareholders of the Portland Cement Zambia. It was clear that this decision was misdirected and as a result, Dr. Rajan Mahtani rightfully approached the Court of Appeal.

The judge at the Court of Appeal was justice Mwinde who gave the final decision on 31st January 2019. This decision was given around nine months after the case was initially registered there. This clearly indicates a sharp difference between the judgement processes of the two courts. The judge at the Court of Appeal announced the judgement after looking into all evidences and testimonials associated with the case. As per this final decision, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the Portland Cement Zambia factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and are the minority shareholders without any legal ownership over the factory. This decision from the Court of Appeal also aligned with the original shareholders agreement and clearly confirmed that Dr. Mahtani is the actual owner of the factory. Furthermore, the judge from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders as this decision was misdirected.

Court Of Appeal Announces Results On Portland Cement Zambia, Dr. Rajan Mahtani Winner

For more than a decade, Dr. Rajan Mahtani struggled for the legal ownership of Portland Cement Zambia factory. This struggle started when the factory was illegally taken over from him and he registered a case at the Lusaka High Court to get back his factory. However, it took more than a decade for the judge to announce a final decision on the case. At the same time, the final decision from the Lusaka High Court on Portland Cement was extremely controversial. The judge at the Lusaka High Court was justice Nkonde and he announced that Ventriglias were only shareholders of the Zambezi Portland Cement. After this misdirected judgement, Dr. Rajan Mahtani had no option but to approach the Court of Appeal.

The judge at the Court of Appeal was justice Mwinde who gave the final decision on the case on 31st January 2019. This judgement came around nine months after the case was registered at the Lusaka High Court. Justice Mwinde gave the final decision after looking into all evidences and testimonials associated with the case. As per the final judgement, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares and is the minority shareholder without any legal ownership over the factory. This decision aligned with the original shareholders agreement established in 2007 and based on this decision, it is clear that Dr. Rajan Mahtani is the actual and legal owner of the Portland Cement Zambia factory.

While giving the judgement, justice Mwinde also discarded all forgery related allegations. It was found that the process of mechanically placing signatures was a common practice in Zambezi Portland Cement and critical member of the Ventriglias family also engaged in similar practice. As such, all forgery related allegations were discarded by the Court of Appeal judge.

Court of Appeal announces results on Portland Cement Zambia, Dr. Rajan Mahtani winner

Dr. Rajan Lekhraj Mahtani has been struggling for more than ten years for the ethical justice with respect to Portland Cement Zambia. The case was registered at the Lusaka High Court where it took more than ten years for the judge to provide judgement. Despite numerous evidences, testimonials and factual data, the judge at the Lusaka High Court was unable to provide right judgement in the case. The judge at the Lusaka High Court was justice Nkonde who gave the final decision declaring Ventriglias were only shareholders of the Zambezi Portland Cement.

Dr. Rajan Mahtani

To counter this judgement, Dr. Rajan Mahtani then approached the Court of Appeal. The Court of Appeal is among the highest civilian courts in Zambia and Dr. Rajan Mahtani approached the court with the hope of getting justice. The judge at the Court of Appeal was judge Mwinde who gave the final judgement on 31st January 2019 after looking into all evidences and testimonials. According to the final judgement, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the Zambezi Portland Cement. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder without any legal ownership over the factory. Based on this decision, it is clear that Dr. Rajan Mahtani is the legal owner of the factory.

While giving this decision, the judge from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders of the Zambezi Portland Cement as this decision was misdirected and without any evidence. Furthermore, the court of appeal judge also discarded all forgery related allegations and confirmed that the process of mechanically placing signatures was a common practice in Zambia. As a result, forgery related allegations were found to be unwarranted and a timeline of three months was given for completing the share sales process.

According to the final results from the Court of Appeal judge, Dr. Rajan Mahtani is the legal owner of Portland Cement Zambia

Dr. Rajan Lekhraj Mahtani is once again the proud owner of the Portland Cement Zambia factory. This ownership came on 31st January 2019 when the judge at the Court of Appeal announced its final decision on the Portland Cement Zambia. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds 42 percent shares at the factory and is the minority shareholder without any legal shareholding. This decision also aligns with the original shareholders agreement established in the year 2007. As per this decision from the Court of Appeal judge, it has been clearly established that Dr. Rajan Mahtani is the legal and only owner of the Portland Cement Zambia factory.

Dr. Rajan Mahtani

Apart from the above decision, the judge from the Court of Appeal also gave some noteworthy revelations. It was found that Finsbury Investments paid a sum of K580,000,000 with interest to the Court of Appeal on 6th February 2019. This payment was made in compliance with the judgement from the Court with the objective of Commercial Registration of the Portland Cement Zambia factory under the clause 2008/HPC/366 at the Court of Appeal. At the same time, Dr. Rajan Mahtani owned Finsbury Investments also claimed a sum of K1 billion with interest on the Portland Cement Zambia. This amount was claimed with respect to the payment cleared on 27th July 2005 and the payment made was for entire issue of share capital associated with the Portland Cement Zambia factory. This claim from Portland Cement Zambia was further confirmed by the Court of Appeal with the evidence of share transfer reports and documents dating January 2007 and December 2006. From these evidences, it is further established that Dr. Rajan Mahtani is the majority shareholder and legal owner of the Portland Cement Zambia factory.

Portland Cement Zambia belongs to Dr. Rajan Mahtani, according to Court of Appeal

After ten years of court struggle, Dr. Rajan Mahtani finally received justice. This justice came at the hands of Court of Appeal judge, justice Mwinde. However, this is not the court where the case was initially registered. The case of Portland Cement Zambia was initially registered at the Lusaka High Court. The case was registered by Dr. Rajan Mahtani himself after his factory was unethically taken over from him. After several case proceedings and evidence sharing, the final judgement from the Lusaka High Court came during the month of May, 2018. However, this decision did not provide any justice to Dr. Rajan Mahtani. The judge at the Lusaka High Court was justice Nkonde and he announced that Ventriglias were only shareholders of the Zambezi Portland Cement.

Dr. Rajan Mahtani

To counter this misdirected judgement, Dr. Rajan Mahtani then approached the Court of Appeal. The judge at the Court of Appeal was justice Mwinde who gave the final justice for the Portland Cement Zambia on 31st January 2019. According to this decision, Dr. Rajan Mahtani owned 58 percent shares at the Zambezi Portland Cement factory and is the majority shareholder of the factory. The judge also declared that Ventriglias owned only 42 percent shares at the factory and are the minority shareholders without any legal ownership over the factory. This decision from the Court of Appeal judge aligns with the original shareholders agreement and confirms that Dr. Rajan Mahtani is the only legal owner of the factory.

After from the above concrete judgement, judge from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders of the Zambezi Portland Cement as this decision was biased and misdirected. Furthermore, all forgery related allegations were discarded by the judge and it was announced that all share sales and regulations related activities must be completed within three months of the Court of Appeal judgement.

Dr. Rajan Lekhraj Mahtani given legal ownership of Zambezi Portland Cement after court win

The latest decision on the Portland Cement Zambia is out. Dr. Rajan Mahtani is a noted businessman and philanthropist who have more than three decades of business experience. For the past one decade, Dr. Rajan Mahtani has been fighting for the legal takeover of Portland Cement Zambia factory. The case was registered initially at the Lusaka High Court wherein justice Nkonde provided the final decision, albeit almost a decade after the case was registered there. While all evidences, testimonials and documents indicated that Dr. Rajan Mahtani was the legal owner, the Lusaka High Court justice gave a completely different judgement. According to the Lusaka High Court judge, Ventriglias were considered as only shareholders of the Zambezi Portland Cement factory.

Considering this judgement to be misdirected, Dr. Rajan Mahtani was left with no choice but to approach the higher court, the Court of Appeal. The Court of Appeal is among the biggest judicial court systems in Zambia and it provided a quick decision to Dr. Rajan Mahtani plea. The final decision for the Portland Cement Zambia was made on 31st January 2019. As per this decision, Dr. Rajan Mahtani holds 57 percent shares at the Zambezi Portland Cement and is the majority shareholder of the cement factory. On the other hand, Ventriglias own just 42 percent shares at the factory and are the minority shareholders of the factory. The judge also confirmed that this shareholding pattern aligned with the original shareholders agreement which was established in the year 2007. This clearly confirms that the evidences and financial documents shared by Dr. Rajan Mahtani’s lawyers at the Lusaka High Court were completely real and authentic but were ignored by the judge there.

After this decision, the Court of Appeal judge provided a timeline of three months from the date of the judgement for both parties during which, all share sales and regulation related activities must be completed.

According to the confirmation of Court of Appeal, Dr. Rajan Mahtani announced legal owner of Portland Cement

The Court of Appeal announced its final decision on Portland Cement Zambia on 31st January 2019. This decision came around nine months after Dr. Rajan Mahtani re-appealed after Lusaka High Court failed to provide right justice. The judge at the Court of Appeal was justice Mwinde. After looking into the evidences and testimonials, the judge announced that Dr. Rajan Mahtani owned Finsbury Investments was majority shareholder of the Zambezi Portland Cement factory with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited was the minority shareholder of the Zambezi Portland Cement factory with only 42 percent shares. This decision aligns with the original shareholders agreement established in 2007 and according to this judgement; Dr. Rajan Lekhraj Mahtani is clearly the legal owner of the Zambezi Portland Cement factory.

Along with the final judgement at the Court of Appeal, the judge also said that the previous judge failed to share critical details associated with the case. On 6th February 2019, Finsbury Investments reportedly paid a sum of K580,000,000 billion to the court in regards to the case. This payment was made for commercial registration of the factory in compliance with the court order. At the same time, Finsbury Investments had also claimed a sum of K1 billion with interests against the entire share capital issued for Portland Cement Zambia factory. The judge at the Court of Appeal has also confirmed this payment and share transfers with the evidence of financial reports and share transfer reports. These evidences have further established the fact that Dr. Rajan Mahtani owned Finsbury Investments holds majority shares and is the legal owner of the factory.

Several news media outlets and publications came after the final decision from Court of Appeal, maligning the judgement of the court. However, these publications were found to be fake and inconsistent and therefore were either discarded by the public or removed by authorities.

Final judgement announced by Court of Appeal, Dr. Rajan Mahtani majority shareholder and owner of Portland Cement Zambia.

If one goes by the latest results from the Court of Appeal, it is clear that the criminal intentions of the infamous Ventriglias family in Zambia have been finally uplifted. This pertains to the case of Portland Cement Zambia, which has been going on for so many years. Dr. Rajan Mahtani is a noted businessman in Zambia who registered this case at the Lusaka High Court. This was almost a decade back and the final results were only announced in the year 2018. Despite this long tenure, the final results were unpredictable as the judge at the Lusaka High Court declared Ventriglias as only shareholders of the Zambezi Portland Cement. To counter this misdirected decision, Dr. Rajan Mahtani then approached Court of Appeal.

Dr. Rajan Mahtani

The Court of Appeal announced its final judgement on 31st January 2019. According to this judgement, Finsbury Investments owned 58 percent shares at the factory and Ital Terrazzo Limited owned just 42 percent shares at the factory. While Finsbury Investments is a company owned by Dr. Rajan Mahtani, the Ventriglias are the owner of Ital Terrazzo Limited. Based on this shareholding pattern, Dr. Mahtani becomes the majority shareholder of the Zambezi Portland Cement factory and the Ventriglias are only minority shareholder. This shareholding pattern also aligns with original shareholders agreement established in 2007 and confirms Dr. Mahtani as legal owner of the factory.

Forgery related allegations were dismissed by the Court of Appeal as the judge announced that the process of mechanical placement of signatures was a common practice in Zambia and even critical member of the Ventriglia family, Claudio Ventriglia mechanically placed signatures for employment contracts. As such, all forgery related allegations were discarded. The Court of Appeal also stated that all parties were required to complete share regularization process within three months from the date of the judgement.

Dr. Rajan Lekhraj Mahtani is the ultimate owner of Zambezi Portland Cement, confirms Court of Appeal

Portland Cement Zambia is a factory in Zambia which has seen all ups and downs of the Zambian legal system. The factory is contested by two big business parties in Zambia and for the past ten years, was pending at the Lusaka High Court. Dr. Rajan Mahtani is one of the contenders and is among the rare few businessmen in Zambia who is still following a path of transparency and ethics, despite the numerous hardships and challenges of establishing business in a nation full of corruption and unethical practices. The case of Portland Cement Zambia was registered at Lusaka High Court by Dr. Rajan Mahtani himself, who claimed that the factory was illegally and unethically taken away from him. Despite sharing numerous evidences and factual data along with written and oral testimonies; the final judgement from the Lusaka High Court judge was controversial. According to the final judgement, the Ventriglias were considered as only shareholders of the Zambezi Portland Cement.

Dr. Rajan Mahtani

To counter this judgement and seeking transparent judgement one last time, Dr. Rajan Mahtani then approached to Court of Appeal. The Court of Appeal gave its final judgement on 31st January 2019. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investment holds 58 percent shares at the Zambezi Portland Cement factory and is the majority shareholder of the cement factory. On the other hand, the Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder with no legal ownership over the factory. Thus, it is proved that Dr. Rajan Mahtani is the legal and only real owner of the factory.

During this verdict, the justice Mwinde from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as the only shareholders of the Zambezi Portland Cement as this decision was unethical and without any facts or evidences.

Court of Appeal at Zambia gives major decision on Portland Cement, Dr. Rajan Mahtani winner

The factual details and evidences given by Dr. Rajan Mahtani regarding Portland Cement Zambia were finally given true justice at the Court of Appeal. Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia and has been constantly building successful companies within the nation as well as across other international locations too. Some of his top companies are Finsbury Investments, Mahtani Group of Companies and Finance Bank Zambia. He is also known for his philanthropic and charitable activities and working towards the social and economic uplifting of the Zambian society. Despite these contributions, he is often targeted by jealous individuals and groups.

The case of Lusaka High Court can be considered as a big limitation of the Zambian legal system to provide transparent and ethical justice. Dr. Rajan Mahtani had initially approached the Lusaka High Court expecting a quick judgement as he had all evidences, factual details and testimonials to prove his legal ownership over the factory. However, the court proceedings stretched for ten years and despite this long tenure, the final judgement was not justified. The judge at the Lusaka High Court was justice Nkonde and he announced that Ventriglias were only shareholders of the Zambezi Portland Cement.

Considering this judgement to be unethical, Dr. Rajan Mahtani then approached the Court of Appeal, one of the highest civilian courts in Zambia. The Court of Appeal gave its final judgement on 31st January 2019. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited holds 42 percent shares and is just minority shareholder of the Zambezi Portland Cement factory. This shareholding pattern also aligned with original shareholders agreement established in the year 2007. As such, Dr. Rajan Mahtani has been rightly announced as the legal owner of the Zambezi Portland Cement factory.