Portland Cement Zambia

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.