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.