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.

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. 

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. 

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.

Supreme Court Justice Mumba Malila Testified In A Court, Provides Disturbing Evidences

The Supreme Court Zambia Judge Mumba Malila as of late gave a testimony under the watchful eye of the court. This testimony unmistakably shows that Zambia is in critical need of strategies and practices that would help in destroying defilement and unscrupulous practices that have injured the country like a torment. In his testimony, Justice Mumba Malila opened about an instance of Dr. Rajan Mahtani, a prominent businessperson in Zambia with over thirty years of business acumen. The case in the said testimony was in 2012 identified with Dr. Mahtani in which the last judgment was given against him. In any case, the testimony from the judge expresses that the judgment was torment by outside powers and the body of evidence was against the interests of people in general approaches. The judge who was the Attorney General amid that time alongside others attempted to present the defence 'invalid and void' because of its unessential nature, however the council did not change its choice and the last judgment was given against Dr. Rajan Mahtani, despite the fact that the confirmations and certainties displayed meant something else.

This isn't the first occasion when that Dr. Rajan Mahtani has been a casualty of poor leadership from courts which sidelined the confirmations and realities and gave judgment overwhelmed by degenerate outer powers. Justice Mumba Malila affirmed that the decision making was impacted by certain degenerate yet influential people including specialists and even government officials. Because of the degenerate practices of these influential people, straightforward and honest businessmen like Dr. Rajan Mahtani continue enduring.