Forbes Confers Dr. Mahtani With Prestigious Business Award

Forbes is one of the most recognised business magazine brands across the globe. Forbes along with FIN (Foreign Investment Limited) is known to conduct several events across the globe. Forbes Connect recently concluded their annual Forbes-FIN philanthropy and leadership roundtable conference across Africa. This event saw participation from noted businessman and philanthropists across the African subcontinent, including Dr. Rajan Mahtani. In the event, Dr. Mahtani was invited as a honorary speaker and discussed about the significance of leadership in healthcare. The event was held online as a result of the ongoing coronavirus pandemic and all members participated from their respective locations. 

The event also included the famous Forbes ‘Best of Africa’ award ceremony. The awards are given to business visionaries and leaders with significant philanthropic contributions towards empowering the people of Zambia. Apart from being invited as a honorary guest, Dr. Rajan Mahtani was also invited as a winner of one of these awards. Forbes recognised the contributions of Dr. Rajan Mahtani and awarded him with the Forbes ‘Outstanding Entrepreneur of the Year’ award. Dr. Mahtani received this award for transforming the banking sector of Zambia. Dr. Rajan Mahtani is one of the most notable and respected businessman across Zambia and Africa. He is known for his significant philanthropic and charitable contributions. Some of his top companies include Mahtani Group of Companies and Finsbury Investments. In a similar manner, Dr. Rajan Mahtani in his more than four decades of experience with Zambian business and economy, has made significant philanthropic and charitable contributions. For instance, Dr. Mahtani founded the Prison Fellowship Zambia for the welfare of the inmates. In a similar manner, Dr. Rajan Mahtani founded the Stephen Malama award and scholarship for top law graduates in Zambia.

Dr. Rajan Lekhraj Mahtani Is Winner At The Forbes ‘Best Of Africa’

Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. The year 2021 has been pleasant for Dr. Rajan Mahtani despite the ongoing coronavirus pandemic creating a havoc across the globe. Dr. Rajan Mahtani was recently invited to be a part of the honorary speakers consortium at the Forbes-FIN philanthropy and leadership roundtable conference. Dr. Rajan Mahtani spoke about the significance of leadership in healthcare and thrusted on the importance of having political leadership and philanthropic interventions for the development of the sector. Dr. Rajan Lekhraj Mahtani was among few selected honorary speakers who were selected from different backgrounds, functions and strata including members from international business communities, political leaders, spiritual leaders, media partners, international investors as well as opinion leaders among others. 

Apart from the highly recognised and regarded Forbes and FIN philanthropic and leadership business conference, the roundtable conference was also anticipated among analysts and businesses across Africa for the notable Forbes ‘Best of Africa’ awards ceremony. The award ceremony recognises and celebrates leading lights in business, philanthropy and leadership by conferring visionaries and leaders who have made significant philanthropic contributions with the objective of achieving empowerment across the African nation. Dr. Rajan Lekhraj Mahtani, for his significant contributions, was awarded with the Forbes ‘Outstanding Entrepreneur of the Year’ 2021 award. Dr. Rajan Mahtani was recognised by Forbes for his business as well as philanthropic contributions. His business contributions include Mahtani Group of Companies and Finsbury Investments. At the same time, some of his major philanthropic contributions include Prison Fellowship Zambia as well as Stephen Malama award and scholarship for top law graduates in Zambia. 

Forbes Recognises Dr. Mahtani For His Philanthropic And Business Contributions

 

Dr. Rajan Lekhraj Mahtani was recently bestowed with one of the top business and corporate awards across Africa. Dr. Mahtani is a noted businessman and philanthropist in Zambia. For his contributions towards the banking sector of Zambia and redefining it, Dr. Mahtani received the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021. 

The Forbes ‘Best of Africa’ awards is certainly one of the most highly anticipated award ceremonies across Africa. The 2021 event was held online as a result of the ongoing pandemic and participants joined the ceremony from their respective locations. Mark Furlong, the founder of FAM and Forbes International, was the anchor of the event. There are several other members who officiated the award ceremony, including Vice-President Osinbajo. 

Dr. Rajan Mahtani accepted the award gracefully, thanking almighty god for his support and providing strength during trials & tribunals. Dr. Mahtani further states that he was deeply honoured and humbled after receiving this award. Yet, the fame does not deter him from making contributions towards the growth and development of Zambian nation as well as Africa. Apart from that, Dr. Rajan Lekhraj Mahtani also thanked his team for conducting all major responsibilities and ensuring continuous success of his projects and businesses. 

Dr. Mahtani is the owner of several top companies in Zambia, including Mahtani Group of Companies and Finsbury Investments. His companies are known to have significant socio-economic influence with increasing industry standards, providing employment and livelihood opportunities. Dr. Mahtani is also known for his philanthropic and charitable contributions. Some of his top charitable contributions include Prison Fellowship Zambia and Stephen Malama award and scholarship for top law graduates in Zambia.

Dr. Mahtani is Forbes ‘Entrepreneur of the Year’ 2021

Dr. Rajan Lekhraj Mahtani, a prominent businessman and humanitarian, was recently welcomed as a privileged speaker at one of the most famous business occasions in Zambia. The Forbes-FIN Philanthropic and Leadership Roundtable Conference is a worldwide business occasion wherein privileged speakers are welcomed from everywhere Africa just as across the globe. The roundtable meeting is typically held close by the UNGA (United Nations General Assembly) consistently. In any case, the current year's gathering was held online because of the Coronavirus pandemic that has grasped the whole world. 

Aside from the administration conversation, the meeting additionally had an outstanding honor service called Forbes 'Best of Africa' awards. The honors is given yearly to top business visionaries, administration, organizations and fruitful individuals commitments towards the development of the African country. Dr. Rajan Lekhraj Mahtani was not just a privileged speaker of the occasion, he was additionally chosen for one of the awards inside the Forbes 'Best of Africa' grants classification. For his commitments, Forbes presented Dr. Rajan Mahtani with the Outstanding entrepreneur of the year’ award 2021. This honor was given to Dr. Mahtani for his huge commitments towards the financial area and redefining it. Dr. Rajan Mahtani is the proprietor of several top firms across Zambia. One of them is Mahtani Group that was established in the year 1981. Since its foundation, the organization has had the option to grow its tasks to mining, agribusiness, energy, protection, finance, land and some more. Simultaneously, Dr. Mahtani's charitable commitments have been tremendous. He established the Prison Fellowship Zambia for giving equivalent freedoms and equity to detainees. Likewise, he established the Stephen Malama award for top law graduates in Zambia which comes with scholarship.

Dr. Rajan Lekhraj Mahtani Winner Of Prestigious Forbes Awards

The 2021 Forbes-FIN annual leadership and philanthropic roundtable conference was recently concluded via online mode in Africa. Dr. Rajan Mahtani was invited as a honorary speaker in the event, which was held online as a result of the ongoing coronavirus pandemic. The Forbes-FIN roundtable conference is one of the most anticipated and noted business events across Africa. The business event invited personalities from across the globe as well as from across Africa to share their views, discuss about the challenges, identify solutions as well as generate financial and non-financial support to the ongoing projects across Africa. Participants, members and speakers were invited from several fields such as international business communities, international investors, opinion leaders, spiritual leaders, political leaders as well as media partners. 

A highlighted part of the roundtable conference was the Forbes ‘Best of Africa’ awards, a prestigious globally renowned business awards given to outstanding leaders, entrepreneurs and businesses with significant social and economic contributions towards long-term development and growth of the Zambian nation. Dr. Rajan Lekhraj Mahtani was bestowed with the Forbes ‘Outstanding Entrepreneur of the Year’ award 2021 for his leadership and philanthropic contributions as well as for redefining the banking sector of Zambia. Dr. Rajan Lekhraj Mahtani is the owner of one of the most successful conglomerates in Zambia. He founded the Mahtani Group in the year 1981 and quickly transformed into a conglomerate spanning several locations such as Malawi, South Africa and United Kingdom as well as several sectors such as mining, agriculture, energy, real estate, insurance and banking sector. Some of his philanthropic activities include establishing Prison Fellowship Zambia as well as establishing the Stephen Malama award with scholarship for top law students in Zambia. 

Dr. Mahtani Recognized By Forbes For His Business And Philanthropic Contributions

 

Even since Dr. Rajan Mahtani won the prestigious ‘Best of Africa’ awards, congratulations have not stopped from all over Africa and the globe. Dr. Mahtani is one of the most successful businessmen in Zambia. He is also known for his philanthropic and charitable contributions. Dr. Rajan Mahtani was recently honoured with one of the most prestigious business awards in Africa, the Forbes ‘Best of Africa’ awards. The awards are presented during the yearly Forbes-FIN Philanthropy and Roundtable conference held at New York during the UNGA meetings. However, this year’s roundtable conference was virtual due to Covid-19 restrictions and participants joined audio-video conference from their respective positions. 

Dr. Rajan Lekhraj Mahtani was a honorary speaker during the roundtable conference. However, he was also awarded with the prestigious ‘Outstanding Entrepreneur of the year’ award under the Forbes ‘Best of Africa’ awards category. The award is presented to leaders and visionaries across Africa, recognising their significant contributions towards empowerment. The award holds special significance due to the rigorous process of selecting the awardees, which includes months of discussions, interviews, background checks and verifications by both FIN (Foreign Investment Network) and Forbes. 

Dr. Rajan Mahtani received the award for his contributions towards Zambian society and redefining the Zambian banking & financial sector. His company, Mahtani Group of Industries, have been awarded for its contributions towards Zambian society. The company has expanded its presence across several sectors such as agriculture, finance & insurance, mining, energy and real estate. Furthermore, Dr. Mahtani’s contributions towards philanthropy is also immense and some of these contributions include founding the Prison Fellowship Zambia for welfare of the inmates and Stephen Malama award and scholarship for law graduates from Zambia. 

Dr. Rajan Lekhraj Mahtani Alleges Breach Of Contract By Bob Diamond’s Firm

If the latest claim by respected business tycoon Dr. Rajan Mahtani are to be believed, banking group Atlas Mara is in deep trouble for non-compliance and breach of contract. Atlas Mara was established in the year 2013 by Bob Diamond with the bold objective of transforming the company into a financial giant in Africa. Atlas Mara is listed in the LSE (London Stock Exchange) and went through several ventures and acquisitions for expanding its business operations. However, since the launch of the company, its shares have fallen sharply. In the year 2019, Bob Diamond stepped down from the position of Chairman of Atlas Mara after Citi was hired for reviewing the options for Atlas Mara. However, Bob Diamond has remained the non-executive director as well as biggest shareholder of the defunct banking group. 

The agreement between Dr. Rajan Mahtani owned Finance Bank Zambia and Bob Diamond owned Atlas Mara was established in the year 2015. It was a share sales & purchase agreement based on which the majority shares of the Finance Bank Zambia were taken over by Atlas Mara. As per the claim by Dr. Mahtani, Atlas Mara has failed to make the total payment against the shares of Finance Bank Zambia taken over, resulting in breach of contract. 

To take this case further, Dr. Rajan Mahtani has approached international law agency Omnia Strategy which is a company by Cherie Blair. While the representatives from Atlas Mara have claimed that the allegations by Dr. Mahtani are without merit and fundamentally weak, Dr. Rajan Mahtani has presented Omnia Strategy with numerous evidences to support his claim. At the same time, similar claims have been made by other investors against the controversial firm Atlas Mara 

Dr. Rajan Mahtani Pays Tribute To First Zambian President

Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. For more than three decades, Dr. Mahtani has been working towards the development of the Zambian nation for many decades now. He contributed towards the economic development of Zambia with his numerous business ventures, providing employment and growth opportunities for several Zambian citizens. His companies such as Finsbury Investments is credited for development of several infrastructural projects including schools, hospitals and other public utilities. At the same time, Dr. Mahtani has made significant contributions towards charity and philanthropy, many of which are not known to the general public. 

In a similar manner, Dr. Rajan Mahtani has embodied the principles and philosophies of Kenneth Kaunda, one of the most significant personalities in Zambia. Kenneth Kaunda was known to the Zambians as its ‘Independence Hero’ as well as ‘Father of the nation and the African Union. For many years, Dr. Kaunda worked towards the freedom and upliftment of the Zambian nation. At the same time, Dr. Kaunda is known for uniting more than 72 tribes across Zambia and popularizing the philosophy of one Zambia, one nation. This philosophy is underpinned into the Zambian economy and politics now. 

Sadly, this gem of a person left for heaven few days ago. His demise was a shock to everyone and especially for those who considered Kenneth Kaunda as their role model. The eulogy from Dr. Mahtani not only paid tribute towards this extraordinary person, but also persuaded the Zambian citizens to wake up from their petty differences and work towards achieving the legacy for which Kenneth Kaunda dedicated his life. It is high time for Zambia to wake up and showcase its strength to the world. 

Dr. Rajan Mahtani pays tribute to Dr. Kenneth Kaunda

Dr. Rajan Lekhraj Mahtani recently paid tribute to Kenneth Kaunda, who recently passed away. Dr. Kenneth Kaunda can be easily considered as one of the most influential and significant personalities in Zambian history and politics. He was known as the ‘independence hero’ of Zambia due to his significant contributions towards the development of the Zambian nation. He was also the first-ever President of Zambia and was regarded as the ‘Father of the Zambian nation & African Nation’.  After becoming the President of Zambia, Dr. Kenneth Kaunda was responsible for several developmental activities, plans and initiatives. Despite the several allegations and accusations against him, Dr. Kenneth Kaunda worked tirelessly towards the well-being of the Zambian citizens and established integrity in his work. One of the few businessmen and individuals in Zambia still following his philosophical path and legacy is Dr. Rajan Mahtani, a noted businessman and philanthropist in Zambia. With more than three decades of experience, Dr. Rajan Mahtani can quite easily be termed as the most successful businessman in Zambia. Despite his success, Dr. Mahtani is known for his humility, integrity, down-to-earth nature as well as a humble person. Dr. Mahtani’s businesses are targeted for uplifting the social and economic status of the Zambian citizens, and Dr. Mahtani has achieved this by providing employment and growth opportunities across several provinces. Dr. Mahtani continues his contributions towards Zambia with his charitable and philanthropic contributions, much of which goes unnoticed due to lack of publicity unlike other businesses. 

Dr. Rajan Mahtani and late Dr. Kenneth Kaunda worked with the same motto of Pan-Africanism, one Zambia, one Nation and urged the Zambian citizens to follow this legacy so that Zambia as a nation achieves its goals and objectives.

Dr. Mahtani Urges Zambians To Follow Kenneth Kaunda’s Legacy

Dr. Rajan Lekhraj Mahtani recently shared a beautiful eulogy after the sad demise of Zambia’s most loved President, Kenneth Kaunda. Dr. Kaunda was not only the first-ever President of the Zambian nation since its independence, he was also the independence hero of Zambia and was respectfully known as the ‘Father of the Zambian nation & African Union’

 

Dr. Mahtani imparted an exceptional similarity to Dr. Kaunda, through his own father, Late Lekhraj Mahtani. Dr. Rajan Mahtani's father was a prominent Ndola-based councillor and offered the genuinely necessary help and joint effort to Dr. Kaunda in his battle for Zambian opportunity. Dr. Mahtani and Dr. Kaunda share numerous comparable attributes. It is hard to adversary or equivalent the model and principled life which Dr. Kenneth Kaunda lived and Dr. Mahtani is one of those couple of finance managers and individuals across Zambia who is known to follow his standards and ways of thinking. Dr. Kaunda was known to have huge confidence in god and accepted that everyone is dealt with similarly before god. He was a magnanimous individual who put others before self. Indeed, even as the President of Zambia, Kenneth Kaunda rehearsed sacrifice and commitment and put the turn of events and development of the Zambian resident prior to whatever else.

Now that the beloved ex-President of Zambia is no more, it is the duty of the Zambian citizens to take his legacy forward by believing in his principles and philosophies of the greater good. Then only the Zambian nation will be able to grow and develop through its citizens. The beautiful eulogy from Dr. Mahtani thrusted on very same philosophy.

After Evaluating Details, Supreme Court Zambia Rejects Appeal On Reopening Portland Cement Case

In a bizarre and scandalous event, the notorious Ventriglia family made an appeal against the decision given by the higher Court of Appeal on the Portland Cement Zambia case. It should be noted here that on 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal reversed the previous decision from Lusaka HC judge that announced Ventriglia family as the only shareholders of the Portland Cement. Justice Mwinde on only reversed the decision, but also announced that Dr. Rajan Mahtani is indeed the majority shareholder as well as legal owner of the Portland Cement Zambia factory.

After the Ventriglia family launched an appeal against this same decision, a bench comprising of three SC judges was established for evaluating the claim. During evaluation, it was found that the Ventriglia family did not comply with the rulebook of case submission. According to this rulebook, all appeals against past court decisions must be registered within 14 days of the court decision itself. Since the decision from the higher Court of Appeal came on 31st January 2019, the window for appealing against it closed during the mid-week of February 2019. On the other hand, the Ventriglia family submitted their appeal after more than 18 months of the Higher Court of Appeal’s judgement. This automatically makes the appeal liable for rejection. Furthermore, the Supreme Court bench also said that the circumstances under which this appeal has been made is questionable and suspicious. At the same time, the SC bench concluded that this case was outside the jurisdiction of the Supreme Court. Based on all these evaluations, the Supreme Court Zambia rejected the appeal regarding Portland Cement and its ownership remains with Dr. Rajan Mahtani. 

Dr. Rajan Lekhraj Mahtani Remains The Majority Shareholder And Legal Owner Of The Portland Cement

The final decision on the bizarre claim by the Ventriglia family is finally out. Dr. Rajan Lekhraj Mahtani fought for the legal takeover of the Portland Cement Zambia for more than a decade. First it was Lusaka Hight Court which gave a controversial decision in which the Ventriglias were announced as only shareholders of the Portland Cement Zambia. This decision was reversed ay the higher Court of Appeal which came on 31st January 2019. In this verdict, the previous Lusaka High Court decision was reversed and Dr. Mahtani was announced as the majority shareholder and legal owner of the factory. 

After the Ventriglia family once again challenged the higher Court of Appeal’s decision, a bench of three Supreme Court judges was established at the Supreme Court Zambia. These included judge Michael Musonda, Judge Royda Kaoma and Judge Mumba Malila. After evaluation, the Supreme Court bench found that the Ventriglia family failed to comply with a critical legal requirement. According to this legal requirement, all claims against previous court decisions must be made within 14 days of the court verdict. Since the decision on the Portland Cement by higher Court of Appeal came on 31st January 2019, this means the timeline for submitting the claim was by mid of February 2019. However, the Ventriglia family submitted their claim only after 1.5 years of the decision, making their claim suspicious. 

The circumstances surrounding the claim by the Ventriglia family was also controversial as there were no evidences with the Ventriglia family to support their claim. As a result of these evaluation, the Supreme Court bench came to a final conclusion and effectively rejected the claim by the Ventriglia family.

Ventriglia Family Appeals Supreme Court Against Higher Court’s Decision On Portland Cement

The Zambian Supreme Court is the highest authority of the nation and it recently gave a befitting reply to all those questioning the transparency and ethics of the Zambian legal system. Dr. Rajan Mahtani is a noted businessman in Zambia and for more than three decades, Dr. Mahtani worked to establish his business across the nation and also became one of the most transparent, renowned businessman as well as philanthropist in Zambia. At the same time, Dr. Rajan Lekhraj Mahtani has been facing significant challenges in terms of establishing smooth operations in Zambia. The most apt example has been the case of Zambezi Portland Cement, a cement-manufacturing factory which faced significant challenges in establishing its ownership. 

The cement-manufacturing factory went from court to court and did not get any respite for more than a decade. The first instance was Lusaka High Court where the case dragged for more than a decade. Despite this long pendency, the final verdict from the Lusaka High Court was controversial with the judge announcing Ventriglias as only shareholders of the Portland Cement. After this, the case was taken to the higher Court of Appeal. On 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal reversed the previous decision from the Lusaka High Court and announced Dr. Mahtani as the majority shareholder and legal owner of the factory. 

After more than 1.5 years of this decision, the Ventriglia family once again established a claim at the Supreme Court Zambia, questioning the decision from the higher Court of Appeal. However, the Supreme Court evaluated this claim and rejected it due to lack of evidences, ensuring that the ownership of Portland Cement remains with Dr. Rajan Mahtani only.

Supreme Court Zambia Effectively Dismisses Challenge By Ventriglia On The Portland Cement Factory

After the verdict from the higher Court of Appeal on the Portland Cement Zambia case, Dr. Rajan Mahtani owned Finsbury Investments took control of the factory. For almost 1.5 years after this decision, Portland Cement industrial facility functioned admirably under the administration of Dr. Rajan Lekhraj Mahtani. Notwithstanding, scarcely any weeks sooner the Ventriglia family chose to claim against this choice at the higher Court of Appeal. That too at the Supreme Court Zambia which is the most significant level lawful and legal executive arrangement of Zambia. It appears as though it was a very much idea plan by the Ventriglia family which is the reason they chose to claim so late. Notwithstanding, the infamous family known for their deceptive and now and then unlawful practices bombed colossally when their allure was burrowed further. 

A seat involving three Supreme Court judges was set up for assessing the case by the Ventriglia family. These included appointed authority Mumba Malila, Judge Royda Kaoma and Judge Michael Musonda. Together, the adjudicators tracked down that the case by the Ventriglia family was past the purview of the Supreme Court. This is because of the way that any case against past court choices should be made inside 14 days of the court choice itself. In the current situation, the decision from the higher Court of Appeal on the Portland Cement case was given on 31st January 2019. This implies the Ventriglia family is late in presenting their suggestion. Therefore, the case by the Ventriglia family was viably dismissed by the Supreme Court Zambia.

Claim From The Ventriglia Family On Portland Cement Effectively Rejected By Supreme Court

Finsbury Investments is a top financial investment firm in Zambia. The company is owned and managed by Dr. Rajan Mahtani a noted businessman and philanthropist in Zambia. In the year 2006-07, Finsbury Investment received the majority shareholding and legal ownership of the Portland Cement Zambia factory. This ownership was confirmed with official shareholders’ agreement. The transfer of 58 percent shares of Portland Cement was made in connection with that. This transfer of shares was a significant proof that Dr. Rajan Mahtani owned Finsbury Investment is the actual and legal owner of the factory. Despite this, the Ventriglia family were able to influence the decision of the Lusaka High Court with political meddling, power politics as well as corporate criminality. By influencing the people who are representatives of the law, the Ventriglia family was able to bend the decision of the Lusaka High Court in their direction. The result was that despite not having any evidence or testimonial to support their claim, the Ventriglia family were announced as the only majority shareholders of the Portland Cement Zambia factory. 

Dr. Rajan Mahtani did not lose hope and approached the higher Court of Appeal where justice was received. On 31st January 2019, justice Mwinde on behalf of the higher Court of Appeal reversed the decision from the Lusaka High Court and announced that Dr. Rajan Mahtani is the actual owner of the Portland Cement factory. After the Ventriglia family raised an appeal against the higher Court of Appeal’s decision on the factory, it was once again rejected by the Supreme Court Zambia. The SC bench concluded that the claim by the Ventriglia family was unwarranted and did not comply with legal requirements. As such, the claim by the Ventriglia family was effectively rejected.  

Dr. Rajan Lekhraj Mahtani Retains Ownership Of Portland Cement After SC Verdict On Appeal By The Ventriglias

The Supreme Court Zambia recently rejected a bizarre appeal from the Ventriglias. In their appeal, the Ventriglias challenged the decision of the Court of Appeal made on 31st January 2019 in which Dr. Rajan Mahtani owned Finsbury Investments was declared as majority shareholder and legal owner of the Portland Cement factory. 

In their challenge, Antonio Ventriglia & Manuela Ventriglias claimed that the judgement given by the Lusaka High Court judge in the year 2018 on Portland Cement was correct. Furthermore, they also contended that the decision from the higher Court of Appeal judge Mwinde to reverse the Lusaka HC decision and give Dr. Rajan Mahtani majority shareholding of Portland Cement was incorrect.

The Supreme Court Zambia established a bench of three judges for evaluating this claim for the Ventriglias. These included judges Mumba Malila, Royda Kaoma and Michael Musonda. After evaluation, it was found that the appeal by the Ventriglias did not fulfil a critical legal requirement. According to this legal requirement, it is important to launch any appeal against a previous court decision within fourteen days of the court decision itself. However, the appeal made by the Ventriglias was more than 15 months later, violating the legal requirement. Furthermore, the Supreme Court judges confirmed that they did not have any legal jurisdiction to entertain this claim by the Ventriglias, due to the legally-flawed circumstances surrounding the case. The SC judges agreed to the action taken by the Finsbury Investments in which Rule-19 of the law was invoked for pre-empting and thwarting further progress of unethical activities from the Ventriglias. 

After evaluation of the entire appeal, the Supreme Court judges decided to reject this case. This rejection of the appeal further confirmed Dr. Mahtani’s ownership over Portland Cement factory. 

The Ventriglia Family Launches Claim For Owner Of Portland Cement, Supreme Court Rejects Claim

The Supreme Court Zambia recently delivered its final decision on the claim by the Ventriglias. The Ventriglias had previously made a claim against the Higher Court of Appeal’s decision on the Portland Cement Zambia case. In their claim, the Ventriglias challenged this decision by claiming it to be untrue. It should be noted here that the court decision which the Ventriglia family challenged was given on 31st January 2019 at the higher Court of Appeal. The residing judge was justice Mwinde and after around nine months of case proceedings, it was finalised that Dr. Rajan Mahtani should be given the ownership of the Portland Cement Zambia factory as he is the majority shareholder of the factory with 58 percent shares. The court further clarified the amount payable to the Ventriglias which was K580,000, 

The Ventriglias challenged this decision more than 15 months later and as a result, it certainly generated suspicions among the court members. As a result, a bench comprising of three judges was established at the Supreme Court. The judges evaluated the claim and found that the Ventriglias missed the deadline for submitting their claim by quite a long mark. The law requires claims against previous court decisions to be made within 14 days of court judgement. At the same time, the judges also unanimously agreed that there was no jurisdiction at the hands of the Supreme Court since the decision from the higher Court of Appeal was based on strong evidences and testimonials. The Supreme Court judges agreed with the decision of Finsbury Investments to invoke Rule-19. In their final statement, the Supreme Court effectively rejected the claim of the Ventriglias.