Tag Archives: Lusaka High Court

Mahtani Group of Companies

After Winning The Long-Standing Portland Cement Zambia Case, Dr. Mahtani’s Path To Success Is Clear

The final decision from the higher Court of Appeal on the Portland Cement Zambia case present a grim reality on the political, social and legal condition of the Zambian nation. The case was registered by a honest and ethical businessmen more than a decade ago. Irrespective of the above fact, it is the duty and responsibility of any legal and judiciary system to ensure that justice is given in a quick and transparent manner to all those seeking. However, this did not happen in case of Portland Cement Zambia limited or for Dr. Rajan Mahtani. Despite sharing all evidences and testimonials associated with the case, justice was not given to Dr. Rajan Mahtani. The judge at the Lusaka High Court was justice Mwinde who announced that Ventriglias were only shareholders of the Portland Cement factory.

As a result of this misdirected decision, the case was further taken to higher Court of Appeal by Dr. Rajan Mahtani. Justice Mwinde took over the case at the higher Court of Appeal and announced that final decision will be given after looking into all evidences and testimonials. According to the evidences, it was found that Dr. Rajan Mahtani paid a sum of one billion kwachas or USD 250,000 in the year 2005 to the Portland Cement Zambia limited. This payment was made with the objective of gaining majority shareholding of the Portland Cement Zambia. Furthermore, the original shareholders’ agreement was established in the year 2007. In the page number 663 of this agreement, it was explicitly written that Dr. Rajan Mahtani has made all payment associated with the takeover of the factory and as a result, he is the majority shareholder of the factory.

Justice Mwinde from the higher Court of Appeal also discarded all forgery related allegations. After due diligence process, the final verdict was announced on 31st January 2019 in which Dr. Rajan Mahtani was announced as actual owner of the Portland Cement factory.

Dr. Rajan Mahtani

Verdict from higher Court of Appeal overthrows Lusaka High Court’s unethical judgement

The judge at the Court of Appeal who oversaw the case of Zambezi Portland Cement was justice Mwinde. On 31st January 2019, Dr. Rajan Mahtani received a blessed justice from the higher Court of Appeal when it was declared that Dr. Mahtani is owns majority shareholding of Portland Cement and is the real owner of the Portland Cement Zambia factory. However, this decision came more than a decade after the case was originally registered at the Lusaka High Court. Unlike the verdict from the Lusaka High Court which has been widely recognised as unethical and misdirected as well as too long, the judgement at the Higher Court of Appeal was quick, transparent, to the point and declared the verdict as per the available evidences and testimonials. It should also be noted here that the case was declared within a short span of nine months.

According to the details shared by the judge, it was found that Dr. Rajan Mahtani owned Finsbury Investments paid a total sum of one billion kwachas or USD 250,000 in exchange for the entire share capital value of the Zambezi Portland Cement. While this exchange took place in the year 2005, the details of this exchange were clearly established in the year 2007 in the original agreement between shareholders. Based on this evidence, it was established that Dr. Rajan Mahtani took over 58 percent shares of the Portland Cement Zambia and did not own any further costs associated with the factory. For instance, justice Mwinde declared that the PTT (property Transfer Tax) associated with the exchange as the responsibility of the vendors or the transferors. All these evidences were strong enough to prove that Dr. Rajan Mahtani was the majority shareholder and this legal owner of the factory.

Furthermore, the judge at the Court of Appeal also gave a timeline of three months from the date of the judgement for completing all share transfers related activities based on the court of Appeal’s decision.

Zambezi Portland Cement

As per Court of Appeal announcement, Dr. Rajan Mahtani is owner of Portland Cement Zambia factory

Honest and ethical businessmen often fall prey to corruption and challenges coming out of it. As a result, many of the businessmen and entrepreneurs who start with ethical practices are forced to follow the unethical and corrupt path for achieving success. On the other hand, there are only few businessmen left in Zambia who have been able to maintain a transparent and honest business ethics. One of them is Dr. Rajan Mahtani and this path has been extremely difficult for him. Dr. Rajan Mahtani registered the case of Portland Cement Zambia at the Lusaka High Court after the factory was illegally taken over from him. Despite sharing critical evidences, the final decision from the Lusaka High Court was controversial as Ventriglias were announced as only shareholders of the Zambezi Portland Cement.

To counter this judgement, Dr. Rajan Mahtani approached Court of Appeal. The judge at the Court of Appeal was justice Mwinde who gave the judgement on 31st January 2019 after looking into all evidences and testimonials. As per this decision, 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 at the factory and are the minority shareholders without any legal ownership over the factory. This decision aligned with the original shareholders agreement which was established in the year 2007. Based on this decision, it is clearly established that Dr. Rajan Mahtani is the majority shareholder and actual owner of the Portland Cement Zambia factory.

Apart from the above judgement, justice Mwinde also discarded all forgery related allegations. It was found that the process of mechanically placing signatures for business transactions was a common practice in Zambezi Portland Cement. It was also found that critical member of the Ventriglia family, Claudio Ventriglia, engaged in similar practice. As a result, all forgery related allegations were found to be baseless and were discarded.

Dr. Mahtani & Zambia

Dr. Rajan Lekhraj Mahtani’s Contribution Results In Success Of African Summit 2017

Like other developed nations and emerging countries, Zambia has also started participating in economic summits and national events recently. The purpose of these events is to create a platform for economists, businesses, industries and relevant groups and organisations to join together and create meaningful and effective solutions for the critical and burning issues surrounding the nation. Off late, these summits and national events have been extremely successful in bringing topics associated with the political, legal, economical, social, technological, environmental and geo-political factors associated with the nation. This participation from industry experts and business giants not only helps in establishing great ideas for businesses and government, but also creates successful relationships and business contracts among businesses and industries for domestic growth and development.

Dr. Rajan Mahtani Contribution

African Summit is one such event which is being held in Zambia annually. The objective of this event is to create a platform for businesses and industries and generate creative and innovative ideas. The 2017 African Forum Summit was a huge success, participated by numerous industry personalities and business experts, such as Dr. Rajan Lekhraj Mahtani. After the summit was successfully completed, the Chief Press Secretary of the event released a press release. In this press release, Dr. Rajan Mahtani was praised for his significant financial contribution which resulted in the success of the event. Dr. Mahtani rarely shares his charitable and philanthropic activities in public and as a result, majority of the event participants were unaware of his significant contribution. Furthermore, the Chief Press Secretary also praised Dr. Mahtani for his participation and humble nature. He also helped numerous young entrepreneurs and businessmen during the event by sharing his wisdom, business acumen and entrepreneurial expertise.

Portland Cement Zambia

The Fate Of Portland Cement Zambia Hangs In Balance With The Latest Lusaka HC Announcement

The case of Portland Cement Zambia is a classic case of legal obligations and ownership issue taking a toll in the development and growth of the factory. The case was registered by Dr. Rajan Mahtani, a noted industrialist, businessman and philanthropist. Dr. Rajan Mahtani is credited for bringing foreign investments in Zambia. He is also noted for his regular charitable and philanthropic contributions towards the Zambian society. In spite of these achievements, Dr. Mahtani continuously faces conspiracies and difficulties when trying to conduct honest businesses.

Portland Cement Zambia Case

The current condition of the factory can be considered as dismal, majorly due the case and lack of leadership around the factory. This has resulted in dismal production, irregular salary and wages structure and lack of motivation from the employees and workers. It is safe to say that, if the condition of the factory remains same, it might soon become impossible for anyone to bring the factory back to its glory days. The only path that remains viable is giving the factory to its rightful owner and ensuring that the factory starts its production process and other activities as before.

After one of the longest running trials stretching for over a decade, few critical announcements were made in the past few months. The first major announcement was the closure of the case hearing, which meant that the case verdict will be announced based the evidences and testimonials submitted by the parties. However, the second major announcement was more shocking, which was also the final verdict for the case. The final verdict was announced against the claims made by Dr. Rajan Mahtani. It was a clear indication that the evidences submitted were ignored in all accounts and judgment was misdirected. Now withstanding this skewed judgment, Dr. Mahtani quickly took action and made an appeal to the ‘higher court of appeal’ against this judgment. Reply is awaited as of now.

Dr. Mahtani

With Financial Contribution Dr. Mahtani Ensured Success Of African Forum And Its Continuity

The African Forum Summit is an economic event which is held annually in Zambia. It is among the biggest economic summits in the nation and numerous top companies and industrialists participate in the event. The 2017 African Summit was a grand success with involvement of numerous industries and corporations as well as effective participation from Industry experts. Among the noted industrialists participating in the event, Dr. Mahtani was there. He is one of the most successful and established businessman in Zambia with numerous successful and long-running ventures under his name. He is also regularly involved in numerous charities, social works and philanthropic activities. However, majority of these charitable and philanthropic activities are not publicized by him unlike his counterparts since he considers these activities as his duty rather than a PR stunt.

African Forum Summit 2017

Therefore, it was a complete surprise for all participants when it was found that Dr. Mahtani had significantly contributed for the success of the African Summit. A press release was released by the Chief Secretary of the event after the summit was completed. In this press release, the Chief Secretary thanked Dr. Rajan Mahtani for his significant financial and psychological contribution which resulted in the grand success of the event. Even though Dr. Mahtani did not gain any financial profits from his contribution, it was merely to help the summit financially so that it is able to fulfil its objective. And with this contribution, the African Summit was not only able to complete its objective, but it is also now considered for annual event across the Zambian nation. This feat was only possible with the contribution from Dr. Mahtani. Apart from this, he was also praised for his enthusiastic participation in the event and helping youngsters

Portland Cement Zambia

The Final Verdict On Portland Cement Zambia Announced Recently, Shocks Everyone

The final verdict on the long-pending Portland Cement Zambia case was announced recently by the Lusaka High Court judge. This verdict certainly raised many eyebrows. The case of Portland Cement Zambia is decades old and is easily considered as among the longest pending high-profile corporate cases in Zambia. A noted businessmen associated with the case is Dr. Rajan Mahtani. He is the owner of Finsbury Investments, Mahtani Group of Companies and many more successful businesses across Zambia. Not only that, he has also successfully established numerous businesses outside Zambia, especially across developed nations such as United Kingdom. He is also among the few businessmen with international contacts who have helped bring foreign investments in Zambia. Despite these achievements as well as contributions towards the economic and social growth of the nation; Dr. Rajan Mahtani is constantly harassed by conspiracies as well as lack of proper scrutiny among the law and government.

Final Verdict of Portland Cement Zambia

The case of Portland Cement Zambia was first launched by Dr. Rajan Mahtani when the factory was illegally taken over from him. The trial has been going on for more than 10 years and during this time, Dr. Mahtani and his lawyers has submitted numerous evidences and documents proving his real ownership over the factory. Some of the most critical documents shared included a signed shareholder’s agreement, financial exhibits which clearly iterate investments worth millions by Dr. Mahtani in the development of the factory as well as independent audit report conducted by independent auditor which indicates that the factory was established as a joint venture and Dr. Mahtani is the sole joint venture partner of the factory.

Even after submitting these evidences, the final verdict was announced against the claims made by Dr. Mahtani. It is clear that the judge ignored all the evidences and made a misdirected judgment. However, Dr. Rajan Mahtani has immediately taken the right steps and has now made an appeal to the higher court of Zambia against the judgment made at the Lusaka High Court.

Dr. Rajan Mahtani

Dr. Rajan Mahtani Makes Another Contribution To The Society For Growth & Prosperity

Zambia recently launched a series of economic events such as seminars, summits and related forums which have been acting as a platform for industries, experts and specialists from different parts of the nation as well as from different sections of the society to join together and create a platform for the generation of ideas and innovations. These platforms are essential not only for networking or contacts, but also for discussions and finding solutions to the major issues and challenges gripping the nation. A similar event was conducted a few months back, the African Forum Summit. It is one of the national summits which is held in Zambia every year and brings together some of the top industry and corporate experts along with experts from other fields. The African Forum Summit of 2017 was a successful event with participation from various experts and industry veterans. Top businessmen including Dr. Rajan Mahtani also participated in the numerous activities conducted along the summit. After the completion of the summit, the Chief Secretary of the event organizing company released a press release thanking Dr. Mahtani for his significant financial contribution that resulted in the success of the event. Most of the participants and members were not aware of this significant contribution from Dr. Rajan Mahtani.

After from contributing towards the success of the event, Dr. Rajan Mahtani was also an active participant of the event. He also helped numerous new professionals and entrepreneurs and was supportive. Many of the young participants praised him for his humble nature and his enthusiasm towards sharing his wisdom and business acumen.

African Forum Summit 2017

Dr. Rajan Mahtani is one of the few businessmen in Zambia who have established his empire based on honest, transparent and ethical businesses. Despite these, he is always targeted by conspirators and jealous groups who

Dr. Mahtani & Zambia

Dr. Rajan Mahtani and his lawyers shocked with the Lusaka HC judgment on Portland Cement

The case of Portland Cement Zambia is known to all. The factory was established under the leadership of Dr. Rajan Lekhraj Mahtani, who is also the legal owner of the factory. Dr. Mahtani is one of the most successful businessmen in Zambia. He is also known for his transparent and honest business ethics. During his tenure of more than three decades, Dr. Mahtani has established numerous successful businesses. Some of his most notable establishments include Mahtani Group of Companies, Finsbury Investment and Finance Bank Zambia. For the past ten years, Dr. Rajan Mahtani has been fighting for the legal ownership of Portland Cement Zambia.

During the course of ten years, Dr. Rajan Mahtani and his lawyers have shared numerous critical evidences that sufficiently prove his claim as well as his ownership over the factory. Some of these documents included independent audit report, financial exhibits as well as signed shareholder’s agreement. The judge handling this case also made a positive announcement when he declared closure of the case hearing and final announcement of the verdict after analysing the documents and evidences presented by the parties associated with the case. While this was positive news for Dr. Rajan Mahtani as majority of the evidences submitted by his lawyers were sufficient enough to prove his legal ownership over the factory; the final verdict announced by the judge was an unexpected and unfortunate event.

The judge gave the final verdict against Dr. Rajan Mahtani, which was completely against the evidences shared before the judge. It was a clear case of misdirected judgment and skewed opinion of the judge. However, Dr. Rajan Mahtani immediately took the right steps after this misdirected verdict and launched an appeal to the higher court of Zambia. He has shared his entire dilemma and is expecting a positive reply from the higher court.

Dr. Mahtani And Zambia

Zambia News

Dr. Rajan Mahtani and his Lawyers have made an appeal to Higher Court for Portland Cement

Dr. Rajan Mahtani is one of the most successful business entrepreneurs in Zambia. He is responsible for some of the biggest companies in Zambia, including Mahtani Group of Companies and Finsbury Investments. Even with these successful business streaks, Dr. Mahtani is struggling to get justice at the hands of the Zambian government. For the past ten years, Dr. Rajan Mahtani has been fighting a case at the Lusaka High Court. This legal battle is for the ownership of Portland Cement Zambia, a cement manufacturing company. During this trial, Dr. Rajan Mahtani and his team of lawyers have submitted numerous evidences and documents. These evidences have strongly established Dr. Rajan Mahtani’s case. Some of these documents included signed shareholder’s agreement, financial documents and an audit report conducted on the Portland Cement Zambia by an independent auditor which clearly established the fact that Dr. Mahtani was the sole joint venture partner of the factory. Even with these reasonable and strong evidences, true justice was never given by the court.

Rajan Mahtani

The latest judge overseeing the case recently announced the closure of the case hearing, meaning no more trials at the court. This was a significant advancement for the case and also a positive news as Dr. Mahtani’s evidences was much stronger and enough for winning him the case. However, the final verdict made by the judge was an extremely appalling event as the verdict was given against Dr. Mahtani’s claims. This is clearly a case of misdirected judgment from the high court justice. While this verdict is certainly a big blow for Dr. Mahtani’s patience, the case is not over yet. Dr. Rajan Mahtani has now filed a case at the higher court of appeal, claiming that the verdict made at the Lusaka High Court was unjustified and should at least be re-evaluated by the higher court of appeal. The reply is awaited as of now.