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.