Dr. Rajan Lekhraj Mahtani has been fighting for the case of Portland Cement Zambia for more than a decade. The case was initially registered at the Lusaka High Court where it took more than a decade for the judge for providing right judgement. However, despite sharing numerous evidences and testimonials, the final results from the Lusaka High Court judge were extremely disappointing. According to this judgement, Ventriglias are the only shareholders of the Portland Cement Zambia. To counter this judgement, Dr. Rajan Mahtani then proceeded to take the case to the Court of Appeal.
The judge at the Court of Appeal was justice Mwinde who gave the 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 just 42 percent shares at the factory and are the minority shareholders without any legal ownership over the factory. Based on this decision, it is clear that Dr. Rajan Mahtani is the only legal owner of the Portland Cement Zambia factory. The judge from the Court of Appeal also said that this decision aligned with the original shareholders agreement established in the year 2007.
Furthermore, justice Mwinde from 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 without any basis. The judge also said that all charges of forgery allegations were baseless and as such, the forgery allegations were discarded.
