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.

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. 

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 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 Mahtani Thrashes Fake Social Media Post, Exposes Real Intent With His Press Release Statement

Since his initial business establishments, Dr. Mahtani has maintained a clean and honest image. As a result of his clean and transparent business practices and boycotting unethical and corrupt business practices, Dr. Mahtani has made several enemies. Every now-and-then, fake news or negative campaigns are run against Dr. Rajan Mahtani but these fade out on their own. However, some times there is a need for urgent interventions. One such situation was faced when Miriam Mwanawasa, daughter of Levy Mwanawasa, shared a controversial social media post. Levy Mwanawasa was the ex-President of Zambia who expired recently. Dr. Rajan Mahtani had maintained a transparent and long-standing personal and professional relationship with Levy Mwanawasa which went back even before the latter became the President of Zambia. At the same time, Dr. Mahtani has never conducted any form of business partnership with the President before, during or after his Presidency. As a result, this post from the daughter was extremely controversial to say the least. In this post, Miriam Mwanawasa claimed that Dr. Rajan Mahtani wanted to inherit the farmland t Masaiti District which is owned by the Mwanawasa family. This was an extremely controversial claim coming from the daughter of the late Ex-President of Zambia and as a result, Dr. Rajan Mahtani decided to take action and a press statement was released. 

In this press statement, Dr. Rajan Mahtani clearly mentioned about his transparent partnership with the late Ex-President of Zambia. At the same time, he also stated that he never made any such claims and the Facebook post shared by Miriam Mwanawasa was ludicrous and was shared with malicious intent. Dr. Mahtani will be taking actions against this post. 

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.