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 

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. 

Portland Cement Zambia To Remain Under Leadership Of Dr. Mahtani As Per Supreme Court

Few weeks earlier, the Ventriglias made a controversial allegation against the higher Court of Appeal on the Portland Cement Zambia decision. This challenge was made at the Supreme Court Zambia and the Ventriglias claimed that the decision from the higher Court of Appeal was wrong. It should be noted here that on 31st January 2019, justice Mwinde on behalf of the Court of Appeal announced Dr. Rajan Lekhraj Mahtani as the majority shareholder of the Portland Cement with 58 percent shares as well as the legal owner. 

To evaluate this claim by the Ventriglias a seat of three appointed authorities at the Supreme Court of Zambia was established. This bench dismissed the claim on a few grounds. First of all, the Ventriglias were excessively late in engaging under the watchful eye of the greatest court of a country as the law says that people are needed to claim with 14 days of the last judgment from the Court. Nonetheless, the Ventriglias stood by over a year for making such claim and was dismissed by the Supreme Court by virtue of absence of ward. As per the seat of the Supreme Court judges, they won't have the option to contact this claim made by the Ventriglias as the law shows that the reasons, expectations just as heightening of the appeal to the court will add up to nothing. It was additionally expressed that the claim made being referred to was intentionally dispatched and was excused on records of the expenses. Accordingly, the claim made to the Supreme Court of Zambia has been dismissed and Dr. Rajan Lekhraj Mahtani possessed Finsbury Investments remains the greater part investor and lawful proprietor of the Portland Cement Zambia plant.

Unethical Attempt By The Ventriglias Busted, Supreme Court Zambia Rejects Appeal

The latest decision from the Supreme Court Zambia on the claim made by the Ventriglias reveals a lot. It shows that unethical entities like the Ventriglias can go to any extent to fulfil their personal gains and wishes. It also shows that there is a need for more courts and legal systems such as the higher Court of Appeal as well as judges who stick to transparent, ethical and honest decisions and nothing else. 

The case pf Zambezi Portland Cement goes far bac. After Finsbury Investments was made the dominant part investor and legitimate proprietor of the Portland Cement Zambia production line, Ventriglias chose to assume control over the processing plant. For this, the shareholding register and different instruments marked and used for affecting changes inside PACRA framework was contested. This PACRA framework was steady with investors' arrangement and in spite of this, the Ventriglias had the option to contest them with their mafia-way of life and political interfering. This endeavor by the Ventriglias to deny the proprietor of the Portland Cement dominant part stake is an away from of bad-to-the-bone crimes inside the Zambian corporate. Because of these moves, the Ventriglias had the option to slow down the procedures at Lusaka High Court for over 10 years and convince justice Nkonde from the Lusaka High Court to report Ventriglias as the main investors of the Portland Cement Zambia.

However, after higher Court of Appeal revesed this decision from the Lusaka High Court, the Ventriglias appealed to the Supreme Court challenging the decision. However, this appeal has since been rejected by the Supreme Court as it does not fulfill any criteria for acceptance. 

Dr. Rajan Lekhraj Mahtani Faces Another Challenge Of Fake Allegations, Handles It Tactfully

Being an honest businessman with strict policy for transparent and ethical business practices is never easy. The present economic and political environment is filled with corruption and unethical practices and filled with people, businesses and groups that promote these corrupt business practices. As such, Dr. Rajan Mahtani has not only been warding off these unethical and corrupt people in his business empire but also exposing them for the betterment of the society. However, this also means that Dr. Mahtani made several foes in his career who either lost after their unethical and illegal business practices were exposed. However, Dr. Rajan Mahtani has been able to successfully ward off several fake news, unethical and negative reputation management campaigns.

However, one of the recent cases of fake news which caught everyone’s attention was a recent Facebook post shared by Miriam Mwanawasa. Miriam is the daughter of the late ex-President of Zambia, Levy Mwanawasa. It is a known fact that Dr. Rajan Mahtani maintained a professional and personal yet transparent relationship with the late President of Zambia. This relationship goes back even before Levy Mwanawasa became the President of Zambia. As a result, the Facebook post from his daughter was a shocking incident. In this Facebook post, Miriam Mwanawasa claimed that Dr. Rajan Mahtani wanted to ‘inherit’ her farm land situated at the Masaiti District in Zambia. 

To answer this scrupulous claim, Dr. Rajan Mahtani released a press statement in which he clearly confirmed that he made no such claims and it was extremely scandalous and malicious claim against him without any evidence. Dr. Rajan Mahtani also said that he will take actions against this unethical act. 

Dr. Rajan Lekhraj Mahtani Wins Case At Higher Court, Evidences Were Enough For Verdict

Zambia is a country that has endured significantly because of the untrustworthy and unethical practices. In such circumstances, it turns out to be very hard for organizations to proceed with their straightforward and moral practices. Dr. Rajan Lekhraj Mahtani is among those very few business people in Zambia who has made progress regardless of these difficulties and by staying moral and straightforward. In spite of this straightforward achievement and notoriety, Dr. Rajan Mahtani altogether battled on account of Portland Cement Zambia. While his straightforward strategic approaches and moral standing was on one side, exploitative and degenerate gatherings attempting to wager against him just as dishonest lawful organizations were on the opposite side. The adjudicator at the Lusaka High Court was justice Mwinde who declared Ventriglias as the main investor of the Portland Cement Zambia, which was a very questionable judgment.

After this questionable verdict from the Lusaka High Court judge, Dr. Rajan Mahtani turned to higher Court of Appeal as his last hope. The judge at the higher Court of Appeal was justice Mwinde and after evaluating all evidences and testimonials, final judgement was declared on 31st January 2019. According to this final decision, Dr. Mahtani on behalf of Finsbury Investments made a payment of one billion kwachas to the Portland Cement limited. This amount was paid for covering the entire value of the share capital which Dr. Mahtani took over from the factory. Furthermore, the original agreement between shareholders confirmed the fact that the above payment gave Dr. Mahtani 58 percent shares of the Portland Cement Zambia factory. Based on these crucial evidences, Dr. Mahtani was awarded the majority shareholding and legal ownership of the factory. 

With Right Verdict From Higher Court Of Appeal, Dr. Rajan Mahtani Wins Portland Cement Zambia

The path to success is never easy. It is always filled with roadblocks and challenges as well as people and institutions trying to block those with ethical fundamentals. Dr. Rajan Mahtani has been in a similar path for many decades wherein individuals and institutions have tried to defame him out of jealousy. In a struggling nation like Zambia, Dr. Rajan Mahtani has been proved to be an exception. With extreme dedication and passion, Dr. Rajan Mahtani was able to achieve success in the form of several top companies in Zambia. Some of these included Finsbury Investments, Mahtani Group of Companies and Finance Bank Zambia. Dr. Rajan Lekhraj Mahtani was able to face all the political, economical and social challenges and despite these, came at the top of the business fraternity. However, the case of Portland Cement Zambia can be easily considered as one of the biggest challenges for Dr. Rajan Mahtani. Portland Cement Zambia is a factory which was unethically taken over from him. Despite the numerous evidences and testimonials, Dr. Rajan Mahtani was denied justice and after ten years of stretched case proceedings, justice Nkonde on behalf of the Lusaka High Court announced Ventriglias as only shareholders and owners. 

It is said that for honest people, the path to success can be hard but at the end, victory is guaranteed. For Dr. Rajan Mahtani, this victory was achieved when Dr. Mahtani received justice from the higher Court of Appeal on 31st January 2019. After evaluation of the evidences, Dr. Rajan Mahtani was given ownership of 58 percent Portland Cement shares which confirmed his legal ownership over the Portland Cement Zambia factory. 

Ownership Of Portland Cement Goes Back To Dr. Rajan Lekhraj Mahtani After Court Fights

After over nine months of granulating case procedures, truth-chasing and proof checking, the adjudicator at the higher Court of Appeal at long last gave the choice on the long pending Portland Cement Zambia case. This case, which began over 10 years prior and was one of the greatest and most steady cases for Dr. Rajan Lekhraj Mahtani, has at long last finished. Dr. Rajan Mahtani is referred to Zambians as one of the most moral, straightforward and legitimate representative, business visionary and specialist in Zambia. Thusly, it was clearly stunning for all when equity Nkonde from the Lusaka High Court reported after over a time of court procedures that Ventriglias were just investors of the Portland Cement Zambia manufacturing plant. This choice was in fact dubious and subsequently, left Dr. Mahtani with no decision than to move toward the higher Court of Appeal. 

In contrast to the past appointed authority, equity Mwinde from the higher Court of Appeal focussed just on the authentic confirmations. Shockingly, these confirmations were likewise introduced to the Lusaka High Court judge in composed and oral configuration and regardless of having these confirmations, a questionable choice was given. By and by, the choice from the higher Court of Appeal judge was significant as it was given dependent on the confirmations and one after another, inside nine months of case procedures. The evidences clearly confirmed that Dr. Mahtani paid one billion kwachas to Portland Cement limited and gained majority shareholding of the factory with 58 percent shares. 

After looking into these confirmations, Dr. Rajan Mahtani was announced as only majority shareholder and legal owner of the factory on 31st January 2019. 

After Appeals To Lusaka High Court Dry Up, Dr. Mahtani Approached Court Of Appeal For Justice

Dr. Rajan Lekhraj Mahtani will perpetually recall the instance of Portland Cement Zambia. It not just tried genuine tolerance from one of the most fair and straightforward businessperson in Zambia, yet in addition uncovered the genuine truth of Zambia's legitimate framework. In spite of being on the moral side, Dr. Rajan Mahtani confronted a few detours and difficulties to definite triumph. The most stunning part of this case is that the discussion came directly from the legal arrangement of Zambia. This one is identified with the Portland Cement Zambia case, a case which crossed longer than 10 years and two diverse legal frameworks of Zambia. First it was the district court, Lusaka HC where the case was at first enlisted by Dr. Rajan Mahtani. With high expectations, desires incorporated a rapid case continuing and sharing of decision dependent on accessible confirmations and tributes. Nonetheless, the case took an unexpected turn when case procedures were hauled for 10 years without giving any positive decision.

After decade long case proceedings, justice Nkonde gave an unfair verdict by declaring Ventriglias as only shareholders of Portland Cement. When further appeals to the Lusaka High Court were rejected, Dr. Mahtani rightly approached the higher Court of Appeal. The judge at the higher Court of Appeal was justice Mwinde and he announced the final decision on 31st January 2019. According to this decision, Dr. Mahtani has already made a payment of one billion kwacha to the Portland Cement Zambia limited in the year 2005. This payment was made in agreement with all stakeholders associated with the factory and gave Dr. Rajan Mahtani 58 percent shares, meaning majority shareholding and legal ownership over the factory. 

Portland Cement Zambia Legal Ownership Goes To Dr. Rajan Mahtani, Court Finalises Case

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. 

After More Than A Decade Of Court Struggle, Dr. Rajan Mahtani Receives Justice At The Court Of Appeal

For Dr. Rajan Mahtani, the win at the Court of Appeal can be easily considered as the biggest win in his business career. Dr. Rajan Lekhraj Mahtani is a noted businessman in Zambia with successful and established businesses within the nation and outside. He is also known for his charity work and philanthropic views. For the past ten years Dr. Rajan Mahtani fought for the legal takeover of the Portland Cement Zambia, a cement-manufacturing factory which was also claimed by other parties in Zambia. Dr. Rajan Mahtani had first approached the Lusaka High Court and when it failed to provide the right justice, Court of Appeal was approached. 

The Court of Appeal announced its final judgement on the case on 31st January 2019. It was justice Mwinde who gave the final decision after looking into the evidences and testimonials. As per this final decision from justice Mwinde, Dr. Rajan Mahtani holds 58 percent shares at the Portland Cement Zambia factory and is the majority shareholder of the Zambezi Portland Cement. On the other hand, Ventriglias owned just 42 percent shares at the factory and were the minority shareholders of the Zambezi Portland Cement factory. This shareholding pattern aligns with the original shareholders agreement established in the year 2007. Based on this shareholding pattern, it is clear that Dr. Rajan Mahtani is the legal owner of the Zambezi Portland Cement factory. 

Furthermore, the judge from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as the only shareholders as this decision was without evidences and was misdirected.

Final Decision Announced By Court Of Appeal On Portland Cement Zambia, Dr. Mahtani Majority Shareholder

Dr. Rajan Mahtani is now a happy person. After more than a decade of patience and perseverance, Dr. Rajan Mahtani final received justice at the hands of the Court of Appeal. This is regarding the Portland Cement Zambia case, which was pending at the Lusaka High Court for more than ten years. After that, the latest judge from the Lusaka High Court announced final judgement on the Portland Cement Zambia. However, this judgement was extremely controversial as the judge announced that Ventriglias were only shareholders of the Zambezi Portland Cement. To counter this judgement, Dr. Rajan Mahtani approached Court of Appeal. 

The Court of Appeal announced its final judgement on 31st January 2019. According to this judgement, Dr. Rajan Mahtani is the majority shareholder of the Zambezi Portland Cement factory as his company Finsbury Investments holds 58 percent shares. On the other hand, Ventriglias are the minority shares at the factory as his company Ital Terrazzo Limited holds only 42 percent shares at the factory. Based on this shareholding pattern, Dr. Rajan Mahtani becomes the legal owner of the Zambezi Portland Cement factory. The judge at the Court of Appeal also said that this judgement aligns with the original shareholders agreement which was established in the year 2007. 

The judge at the Court of Appeal, while giving this judgement, shared some critical feedback. The Court of Appeal judge said that the judge below him was wrong in declaring Ventriglias as only shareholders as this decision was biased and without any evidentiary proof. Furthermore, a timeline of three months was given for completing the share regularization process.

Evidences And Testimony At The Court Of Appeal Lead To Victory Of Dr. Rajan Mahtani

Portland Cement Zambia case was enlisted by Dr. Rajan Mahtani, very nearly 10 years back at the Lusaka High Court. Dr. Rajan Mahtani had guaranteed that his industrial facility, Zambezi Portland Cement, was wrongfully and powerfully detracted from him which incited the case at the Lusaka High Court. To help his case, Dr. Rajan Mahtani has shared various confirmations and evidences in the previous ten years of court procedures. The case was postponed for, for example, long time significantly in view of the failure of the court to give right judgment on time just as because of a few judges being exchanged at incessant interims. At long last, judge Nkonde declared a definitive judgment following a hold up of ten years. Notwithstanding, this judgment ended up being more questionable than the endless court procedures itself. 

Justice Nkonde reported that the Ventriglias were only shareholders of the Zambezi Portland Cement. Obviously this judgment was misled and accordingly, Court of Appeal was drawn closer for further equity. The judge at the Court of Appeal was justice Mwinde who declared the last judgment on 31st January 2019 during the morning hours. As per this judgment, Finsbury Investments is dominant part investor of Zambezi Portland Cement and holds 58 percent shares at the industrial facility. Ventriglias are just minority investors of the Zambezi Portland Cement with 42 percent shares at the industrial facility. With this shareholding design, it is unmistakably settled that Dr. Rajan Mahtani is legitimate proprietor of the industrial facility. 

Moreover, the judge from the Court of Appeal likewise said that the judge beneath him wasn't right in pronouncing Ventriglias as just investors with no confirmation or legitimate proof.

Legal Ownership Of Zambezi Portland Cement Given To Dr. Mahtani After Court Of Appeal Decision

After a wait of almost ten years, Dr. Rajan Mahtani finally received justice for his long wait, perseverance and patience. This case is about Zambezi Portland Cement, a noted cement manufacturing factory which was contested by two big business parties in Zambia. One of them is Dr. Rajan Lekhraj Mahtani, who despite sharing numerous evidences and testimonials, was not given justice at the Lusaka High Court where the case was initially approached. The judge at the Lusaka High Court was Justice Nkonde who said that the Ventriglias were only shareholders of the Zambezi Portland Cement. Notwithstanding this unfair judgment, Dr. Rajan Mahtani then took the right step and approached Court of Appeal.

The Court of Appeal announced its final judgment on 31^st January 2019, and the judgment was given by Justice Mwinde. According to this judgment, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the Zambezi Portland Cement factory. On the other hand, Ventriglias hold 42 percent shares and are only minority shareholders with no legal holdings over the factory. With this decision, the Portland Cement Zambia factory belongs with Dr. Rajan Mahtani. While giving this decision, the judge at the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders without having any proof or evidence. Furthermore, the decision from the Court of Appeal also aligned with the original shareholders agreement established in the year 2007.

As of now, the judge from the Court of Appeal has given a timeline of three months from the date of judgment during which the process of share regularization should be complete.

Finsbury Investments Is Majority Shareholder Of Zambezi Portland As Confirmed By Court Of Appeal

Court of Appeal, one of the most noteworthy courts of Zambia, as of late declared that Dr. Rajan Mahtani is the majority shareholder and proprietor of Zambezi Portland Cement. This choice went ahead 31st January 2019; around nine months after Lusaka High Court gave the ruling against Dr. Rajan Mahtani's cases. On May 2018, the Lusaka High Court judge declared that the Italian family Ventriglias were only shareholders of Zambezi Portland. Be that as it may, this choice was denounced by numerous and the judge from the Court of Appeal adequately switched this unscrupulous judgment by giving back responsibility for Portland to Dr. Rajan Mahtani possessed Finsbury Investments.

According to the new decision, Finsbury Investments hold 58 percent shares at the production line and is the dominant shareholder. Then again, the Ventriglias possess 48 percent shares and are the minority investors of the cement manufacturing plant. This choice is totally lined up with the first Shareholders Agreement set up in the year 2007. The judge from the Lusaka High Court disregarded this basic proof bringing about failure to understand the situation. Besides, the judge from the Court of Appeal has likewise disposed of all claims of imitation by expressing that the act of precisely putting marks for business exchanges is regular in Zambezi Portland and different organizations in Zambia and nobody ought to be charged for this.

The sum total of what parties have been solicited to regularize the deals from the shares according to the new Shareholders Agreement just as the choice from the Court of Appeal. Timetable given for this is three months from judgment date. Finsbury Investments has additionally asserted K1 billion against full instalment made in the year 2005 for picking up larger part share capital at the Zambezi Portland Cement and is probably going to win this settlement.

Portland Cement Zambia Verdict Out, Decision Unsettling

The last decision of Portland Cement Zambia is out and the outcomes are stunning most definitely. Portland Cement Zambia is a cement assembling firm which is claimed by Dr. Rajan Mahtani, a prominent businessman in Zambia. Nonetheless, Dr. Mahtani has been battling a case at the Lusaka High Court for the legitimate takeover of the plant for as long as ten years.

Amid these years, Dr. Mahtani and his group have presented various archives and confirmations to demonstrate their case. A portion of the critical proof put together by Dr. Mahtani amid these years incorporated investor's assention marked by all gatherings related with the cement production line, monetary displays which demonstrated that Dr. Mahtani and his organization Finsbury Investment has made a great many dollars worth of interest in the industrial facility, considerably higher that different investors. A standout amongst the most critical evidence shared by Dr. Mahtani's attorneys was the independent audit report led by an outside and autonomous examiner. The report plainly demonstrated that the processing plant was set up as a joint endeavour and Dr. Rajan Mahtani was the sole joint endeavour accomplice of the foundation. In this way, it was clear and unsurprising win for Dr. Mahtani as his confirmations and tributes were significantly more grounded than the respondents. The respondents then again, neglected to present any huge proof or tributes amid the preliminary years to demonstrate their cases.

Subsequently, when the judge made the last decision which was given against Dr. Mahtani, unmistakably the stunning decision was made by disregarding the majority of the confirmations and the judge obviously made a misled judgment. Dr. Mahtani has now made an interest to the higher court of bid against this misled judgment.

Portland Cement Zambia’s Final Judgment By Lusaka High Court Ambiguous

A nation’s administration is a significant fundamental component, regardless of whether it is a private company, expansive endeavour or notwithstanding running a country. A decent pioneer is required to take the association towards development and advancement. Then again, negative or restricted authority can result in stagnation of authoritative efficiency and even the financial and social advancement of a country. On account of Portland Cement Zambia, absence of administration has diverted the manufacturing plant from a champ to a rapidly blurring production line.

Portland CementZambia is a cement producing production line in Zambia which has experienced various ups and down in its lifetime. The cement processing plant was set up by Dr. Rajan Lekhraj Mahtani, a prominent industrialist, business visionary and business. Amid the underlying days when Dr. Rajan Mahtani was dealing with the administration of the industrial facility, it prospered with surplus generation. Besides, the cement processing plant additionally ended up mainstream among representatives for its lucrative pay scale which was above industry normal. Notwithstanding, every one of these highlights of the industrial facility vanished after the case for its legitimate takeover began. Without the successful administration of Dr. Rajan Mahtani, the industrial facility generation is descending with diminished creation limit each passing day and no indication of development, advancement or recovery of the processing plant.

The last judgmenton this long-pending case on the manufacturing plant was given couple of weeks back. Be that as it may, the judgment itself was faulty as even with various confirmations, tributes and additionally authentic information obviously demonstrating the lawful and genuine responsibility for processing plant, the last decision was given against Dr. Mahtani's cases. Thus, Dr. Mahtani is left with no decision however to take activities against this judgment by speaking to the higher court of appeal.

ZR makes another attack on Former Chairman Finance Bank Zambia

The Former Chairman Finance Bank Zambia, Dr. Rajan Lekhraj Mahtani has at the end of the day been dragged into pointless discussion by Zambia Reports. This time around the episode has occurred quite recently before the New Year. In an article that seems to share the story of Portland Cement Zambia’s acheivement, we find that the schemers have deliberately put a larger part of dialog against Dr. Mahtani. The occurrence has obviously left many individuals in Zambia unamused, including Dr. Rajan Mahtani himself.

In spite of the fact that, Zambia Reports was silent in the previous couple of months, it has made incidental rebound with its scope of defamatory stories and kept on disturbing the prevailing peace in the nation. All that is known to them is the vow of acting for its lender. The Ventriglia family, minority partners of Portland Cement Zambia have been keeping up great relations with Zambia Reports administrator, Sakwiba Sikota and accordingly they are effortlessly ready to execute their slander battle every now and then.

Martin, an inhabitant of Ndola says, "Zambia Reports is not a news agency, it has turned into an advertisement agency where anybody can pay and highlight their story. In the event that you need to discuss yourself, pay to Zambia Reports. Likewise, on the off chance that you need to criticize somebody, converse with Zambia Reports. It is all similar to a buying a product in a store"

The words obviously demonstrate the level of disgust that the general population of Zambia have against Zambia Reports. In the past also, the infamous had made different ambiguous cases which incorporates blaming Dr. Rajan Mahtani of paying off the judge and charging Finsbury Investments' name in the Panama Papers. In any case, the schemers have dependably bombed in their target. The truth is, nobody in Zambia considers Zambia Reports important and it is simply because of their poor work ethics.