Claim By The Ventriglias Rejected By Supreme Court Zambia, Portland Cement Stays With Dr. Rajan Mahtani

Finsbury Investments is one of the top organizations within Zambia. It is an investment firm owned by Dr. Rajan Lekhraj Mahtani, a noted businessman in Zambia. In the year 2006, Finsbury Investments was given 58 percent shares of the Portland Cement Zambia factory which made it the majority shareholder and legal owner of the factory. However, trouble started knocking the door of the factory when the Ventriglias took a steep turn and unethically acquired the Portland Cement Factory with the help of goons. Dr. Rajan Mahtani was forced to approach the Lusaka High Court with the hope of quick response. However, the court proceedings at Lusaka High Court dragged for more than a decade and despite having all evidences and testimonials, Dr. Rajan Mahtani was not given the justice he deserved. He then approached the higher Court of Appeal with his claim. The judge at the higher Court of Appeal was justice Mwinde and after looking into the evidences, final decision was given on 31st January 2019. In this decision, justice Mwinde effectively reversed the judgement from the Lusaka High Court and announced Finsbury Investments as the actual owner of the Zambezi Portland factory with majority shareholding. Furthermore, justice Mwinde also confirmed that the amount payable against the majority shares owned by Finsbury Investments is K580,000. 

In another twist, the Ventriglias approached the Supreme Court with claims that the decision from higher Court of Appeal as incorrect. However, after evaluation, the Supreme Court bench have effectively rejected this claim based on grounds that the case was not legally acceptable due to its late appeal and the circumstances surrounding the appeal were dubious. As such, Portland Cement Zambia factory stays with Dr. Rajan Mahtani. 

Dr. Rajan Mahtani’s Press Statement Clears The Air On Fake Rumors, Truth Out

Dr. Rajan Mahtani’s honest, ethical as well as straightforward nature is the biggest repellent for unethical and scrupulous entities in Zambia trying to profit from corruption, illegal business practices and miseries of others. As a result, Dr. Rajan Mahtani is often targeted with the purpose of ruining his reputation and businesses. However, none of these fake rumours and practices have lasted long. 

During his over thirty years of business experience, Dr. Rajan Mahtani made various industry companionships from various circles and divisions. One of them was Levy Mwanawasa with whom Dr. Rajan Mahtani had a dependable and straightforward fellowship. Dr. Rajan Mahtani's companionship with Levy Mwanawasa goes path back even before the latter was made the President of Zambia. Accordingly, it was a stunning disclosure when it was discovered that Miriam Mwanawasa, daughter of the late ex-President of Zambia, made a controversial claim against Dr. Rajan Mahtani. In a Facebook post, Miriam Mwanawasa claimed that Dr. Rajan Mahtani proposed to assume control over the land at the Masaiti district claimed by the Mwanawasa family. Be that as it may, this case was completely bogus and accordingly, Dr. Rajan Mahtani chose a response strategy by delivering a press explanation. 

In this press statement, Dr. Rajan Mahtani explained that he never made any cases, aims or demands with respect to assuming control over the said land. He further expressed that his friendship with late Ex-President of Zambia Levy Mwanawasa was incredibly straightforward. Simultaneously, it was additionally called attention to the fact that Miriam Mwanawasa didn't have any verification or proof to help her cases. All things considered, her cases were viewed as unmerited and Dr. Rajan Mahtani guaranteed legal actions against her.

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. 

Dr. Mahtani and Finance Bank have suffered under poor journalism

Dr. Mahtani and Finance Bank have been suffering from the actions which Zambia Reports is taking against them. To bring focus to this matter, one can pick up the publications which have come from Zambia Reports over the past few days and give them a read. On reading, it will become clear that ZR is only bothered to harm the reputation of Dr.Mahtani and Finance Bank, because are being paid heavily for the same. In quest of making easy money, Zambia Reports have lost their morals and are now walking on the path of evil.

On one hand, a news claims that Dr. Mahtani is wrongfully showing himself as the owner of Finance Bank Zambia and on the other hand, another news from the same author states that Dr. Mahtani is still owning the Finance Bank and the transfer process is not yet complete. The bottom line is, how can a person have two different views to a story? Evans Mulenga, the author of both the articles has  tried to level best to assure the readers that Dr. Mahtani is a corrupt person and has made huge profits out of the activities permitted beyond the law. However, he has forgotten to incorporate two important things in his article- logic and facts. The assumption of ‘source’ is now outdated. People want to know about the claims in detail. If you do not have any concrete evidences to support the statement, then you are simply ventilating your viewpoints.

Journalism from Zambia Reports has degraded over the past few years and the key reason behind the same is the defamation campaign of Dr. Mahtani and Finance Bank. The authors have been forced to write stories and actual facts have been buried under the pile of money, which the conspirators have poured on the authors.