Tag Archives: Dr. Rajan Mahtani

Dr Rajan Lekhraj Mahtani

After Evaluation, Supreme Court Zambia Has Rejected The Appeal From The Ventriglias

Portland Cement Zambia is a cement-manufacturing factory that has faced significant ups and downs in its life cycle. After its inception in 2004, there were several changes in the business functions and leadership. In the year 2006, a final shareholding pattern was established and agreed upon according to which, Dr. Rajan Mahtani owned Finsbury Investments received 58 percent shares at the Portland Cement factory and was considered as the majority shareholder as well as legal owner of the factory. However, the Ventriglias disrupted this decision was filing an appeal which disputed the shareholder agreement’s legality. This turnaround was clearly an attempt towards depriving real owner of Portland Cement to receive majority shares of the factory. This attempt can be easily considered as mafia-life attempt and corporate criminality. Dr. Rajan Mahtani registered a case at the Lusaka High Court against this unethical act. However, it seems like the Ventriglias were able to influence even the court decisions with power politics and meddling in the affairs of the law. As a result, the Lusaka High Court made a decision which was surprising to say the least. Justice Nkonde on behalf of the Lusaka High Court announced Ventriglias as the only shareholders despite the fact that Ventriglias did not have any relevant evidences or testimonials.

However, Dr. Rajan Mahtani was able to achieve justice after appealing to the higher Court of Appeal. The judge at the higher Court of Appeal was justice Mwinde who gave the final decision on 31st January 2019. In this decision, justice Mwinde reversed the judgement from the Lusaka High Court and announced that Dr. Rajan Mahtani is indeed the majority shareholder and legal owner of the factory.

After more than 15 months of the above court of Appeal decision, the Ventriglias decided to once again try their luck by challenging the decision. However, the Supreme Court Zambia effectively rejected this challenge due to lack of evidences and legal precedence. Furthermore, the Supreme Court gave confirmation that Portland Cement should remain with Dr. Mahtani.

Dr. Mahtani & Zambia

Ventriglias challenge the decision from the higher Court of Appeal, rejected by Supreme Court

According to the latest decision from the Supreme Court Zambia, Dr. Rajan Mahtani is the legal owner of the Portland Cement Zambia factory. The case of Portland Cement Zambia is peculiar as it has been approached to almost all levels of judiciary system in Zambia. Portland Cement Zambia factory was established in the year 2004 and in 2006, a series of verified and legal shareholding changes made Dr. Rajan Mahtani owned Finsbury Investments as the majority shareholder and legal owner of the factory.

However, things took a tumultuous turn when the Ventriglias took over the factory via unethical means. This promoted Dr. Rajan Mahtani to approach the Lusaka High Court. The judge at the Lusaka High Court was justice Nkonde and despite sharing all relevant evidences and testimonials, the judge gave a controversial decision in which the Ventriglias were announced as only shareholders of the Portland Cement. However, Dr. Rajan Mahtani was quick to approach the higher Court of Appeal and after around nine months of case proceedings, justice Mwinde on behalf of the Court of Appeal announced his decision on 31st January 2019. According to this decision, Dr. Rajan Mahtani owned Finsbury Investments is the majority shareholder and legal owner of the factory with 58 percent shared and Ventriglias owned Ital Terrazzo Limited holds juts 42 percent shares over the factory without any legal ownership. The decision also confirmed that the actual amount to be paid by Finsbury Investments against the majority shares owned is K580,000 and not K580 million.

However, it seems like the Ventriglias decided to try their luck one more time by approaching the higher Court of Appeal. In their appeal, the Ventriglias challenged the decision from the higher Court of Appeal. A bench comprising of three judges was established by the Supreme Court of Zambia for reviewing the validity of the appeal. After the review, the appeal was rejected on legal grounds and circumstantial evidences. As such, Dr. Rajan Mahtani remains the only owner of the Portland Cement factory.

Dr Rajan Lekhraj Mahtani

Supreme Court Zambia Supports Decision From Higher Court Of Appeal, Rejects Ventriglias’ Claim

Dr. Rajan Lekhraj Mahtani is a known businessman in Zambia which numerous successful companies such as Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is also known for his transparent and ethical business practices. Dr. Rajan Mahtani and the case of Portland Cement Zambia is well-known case within the Zambian corporate. The factory was unethically taken over by the Ventriglias and after that, Dr. Rajan Mahtani registered a case at the Lusaka High Court. Despite having all evidences and testimonials, the judge at the Lusaka High Court dragged the case for more than a decade and gave a misdirected judgement. To counter this judgement, Dr. Rajan Mahtani spared no time and approached the higher Court of Appeal. The judge at the higher Court of Appeal was justice Mwinde who after looking into the evidences and testimonials, announced that Dr. Rajan Mahtani owned Finsbury Investments was majority shareholder and legal owner of the Portland Cement Zambia factory. It was also announced Finsbury Investments held 58 percent shares while Ital Terrazzo Limited held only 42 percent shares at the Portland Cement Zambia factory, making the former majority shareholder and legal owner of the factory.

To receive further justice, Finsbury Investments applied for embodiment order and was heard by justice Mwinde from the higher Court of Appeal. After evaluating the appeal, justice Mwinde rightly announced that the actual amount payment by Finsbury Investments to the Ventriglias against the majority shares transferred to Finsbury Investments was K580,000 which aligned with the 2012 Re-denomination of the Currency Act-8.

Sometime back, the Ventriglias challenged the decision from the higher Court of Appeal. This appeal was made to the Supreme Court of Zambia and to evaluate the validity of the appeal, a bench of three SC judges was established. After evaluation, it was found that the appeal was legally not feasible as it was way behind the legal policy of making appeals. Furthermore, the judges also declared that the evidences were not satisfactory and therefore, the appeal was rejected.

Dr Rajan Lekhraj Mahtani

Unethical Post Against Dr. Rajan Lekhraj Mahtani Exposed With Press Statement

Dr. Rajan Mahtani has more than three decades of business experience despite working in a difficult nation filled with economic and social hurdles, he has kept transparent and ethical business principles across all his companies. At the same time, it is also true that Dr. Rajan Mahtani has been outspoken about ethical individuals and organizations and have never supported scrupulous entities for his businesses. He is also a firm believer in seeking justice when wrong has been done to him or any of his entities.

In his business and professional career, Dr. Rajan Mahtani maintained transparent friendship with many big personalities across the nation. Late ex-President of Zambia Levy Mwanawasa was one of them with whom Dr. Rajan Mahtani had long-standing and transparent relationship, even before Levy Mwanawasa became the president of Zambia. As a result, the recent social media post from Miriam Mwanawasa who is the daughter of the late ex-President of Zambia was extremely controversial and surprising.

In a Facebook post, Miriam Mwanawasa claimed that Dr. Rajan Mahtani wanted to inherit the farmland owned by the Mwanawasa family at the Masaiti District. However, there was no justification, proof or evidence to the post. However, the nature of the post was extremely serious and as a result, it started making rounds at the internet. As a result, Dr. Rajan Lekhraj Mahtani decided to take action against this unethical post.

A press statement was released by Dr. Rajan Mahtani for clarifying the allegations. In this press release, Dr. Rajan Mahtani clarified that though he had a long-standing friendship with the late Ex-President of Zambia, he never made any such intentions or claims regarding taking over the farmland. At the same time, Dr. Mahtani highlighted the fact that the post by Miriam Mwanawasa was without any evidence to support her claims. As such, this post was considered as ludicrous and malicious and Dr. Mahtani also confirmed that he will be taking actions against this post.

Dr Rajan Lekhraj Mahtani

Dr. Rajan Mahtani Released Media Press Release For Curbing False Claims Against Him

Dr. Rajan Mahtani’s reputation is distinct from the rest of the Zambian businessmen due to his sheer transparent, ethical and straightforward business practices. As a result, unethical and scrupulous entities rarely mess with Dr. Mahtani or his businesses. Rumours and fake claims against Dr. Rajan Mahtani often die on their own due to lack of evidence or proof. However, Dr. Rajan Mahtani recently faced a unique case in which a fake claim against Dr. Rajan Mahtani started making rounds at the internet and significantly impacted the reputation and normal business proceedings, resulting in Dr. Rajan Mahtani taking the matters in his own hand.

A Facebook post was recently shared on the social media by Miriam Mwanawasa, the daughter of the late ex-President of Zambia Levy Mwanawasa. Dr. Rajan Mahtani had a long-standing, authentic and transparent friendship with the late Ex-President of Zambia and this friendship went way early even before Levy Mwanawasa became the Zambian President. As a result, the Facebook post shared by Miriam Mwanawasa resulted in significant media gossips. In this Facebook post, Miriam Mwanawasa claimed that Dr. Rajan Mahtani wanted to inherit the farmland at Masaiti district which is currently under the ownership of the Mwanawasa family. As a result of this ludicrous claim, Dr. Rajan Mahtani decided to take action in the form of a press release.

A press release statement was shared to the media on behalf of Dr. Rajan Lekhraj Mahtani. In this press statement, Dr. Rajan Mahtani stated that though he had maintained a transparent friendship with the late ex-President of Zambia, he never made any such claims, requests or pressurized the family. This claim was regarded as unethical and ludicrous considering the fact that Miriam Mwanawasa did not provide any evidence or proofs to support her claims. The very fact that this ludicrous message was posted on a social media site is confirmation that her intentions were only to malign the image of Dr. Rajan Mahtani. As such, legal actions will be taken against this post.

Dr Rajan Lekhraj Mahtani

Dr. Rajan Mahtani Thrashes Defamatory Posts, Releases Press Statement For Clarification

Dr. Rajan Mahtani’s long-standing friendship with Levy Mwanawasa is known to everyone. This friendship went back even before Levy Mwanawasa became the president of Zambia and remained intact till the untimely demise of the former president. Even during the difficult time, Dr. Rajan Mahtani provided several support to the Mwanawasa family. As a result, the social media post shared by Miriam Mwanawasa, daughter of the late Ex-President of Zambia was shocking to everyone. In a Facebook post shared to the public, Miriam Mwanawasa claimed that Dr. Rajan Lekhraj Mahtani wanted to inherit their farm land at the Masaiti District. As a result if the nature of the accusation and the individuals associated with it, the Facebook post became viral and started making rounds in the internet. It was then this social media post caught the attention of Dr. Rajan Mahtani and his lawyers when they realised the reputational, professional and business-related damaged this post has been doing since it was posted in the social media channel.

Dr. Rajan Lekhraj Mahtani decided to act against this post. A press release was released addressing the media and clarify this misunderstanding. In this press release, Dr. Rajan Mahtani clearly stated that even though he had a long-standing personal friendship with Late Levy Mwanawasa, this friendship was extremely transparent. Furthermore, Dr. Rajan Mahtani never made any claims or requests to the Mwanawasa family regarding taking over their farmland. Dr. Rajan Mahtani also said that Miriam Mwanawasa did not have any proof or evidence to claim her accusations. As such, these accusations were regarded as malicious, ludicrous and made with the objective of ruining the reputation of an honest citizen and businessman in Zambia. Dr. Rajan Mahtani also said that he will be taking stringent actions against this Facebook post to ensure that people or groups are not encouraged to take similar unethical and unlawful actions in future.

Dr Rajan Lekhraj Mahtani

Press Release Statement Against Unethical And Unlawful Social Media Post

Dr. Rajan Mahtani’s name was recently a topic of negative reputation campaign. While such negative reputation campaigns or defamatory posts are common for Dr. Rajan Mahtani, this one was different. Normally, Dr. Rajan Mahtani receives such defamatory posts from jealous or vengeful entities as well as those who have not been able to persuade Dr. Rajan Mahtani to engage with unethical and illegal business practices. However, this case was different as the allegation came from Miriam Mwanawasa, daughter of late ex-President of Zambia Levy Mwanawasa. It should be noted here that Levy Mwanawasa and Dr. Rajan Mahtani have maintained a long-standing, transparent professional as well as personal relationship with each other. This relationship was smooth even after the sad demise of the late ex-Zambian president.

As a result, it was an extremely shocking news when it was found that Miriam Mwanawasa shared a Facebook post claiming that Dr. Rajan Mahtani had intentions of taking control of the farmland at Masaiti. This farmland is owned by the Mwanawasa family. This Facebook post, due to its nature and the person sharing it, started making round across the web. As a result, it came under the scanner of Dr. Rajan Mahtani and his legal team decided to take appropriate actions against this act.

Dr. Rajan Mahtani released a press statement shortly after. In this press statement, Dr. Rajan Mahtani clarified that he never made any claims of taking control of the farmland. Neither he made any statement with the Mwanawasa family not he had any intentions. Dr. Rajan Mahtani himself iterated that he had a great personal and professional relationship with the late ex-President of Zambia. As a result, it was extremely defamatory, malicious and scandalous for daughter Miriam Mwanawasa to share such content across online media platform. Furthermore, the press statement also clarified that the Facebook post was shared without giving any other form of evidence. As such, the authenticity of the post was questionable from the start.

Furthermore, Dr. Rajan Mahtani also said that he will be taking strict actions against this act as it resulted in significant loss of reputation for Dr. Rajan Mahtani.

Dr. Rajan Mahtani

After A Decade Of Struggle, Dr. Rajan Lekhraj Mahtani Final Receives Legal Ownership Of Portland Cement

While the overall timeline of the start and closure of the Portland Cement Zambia case is more than a decade old, the final judgement from the higher Court of Appeal re-established faith in the legal and judicial system of Zambia. According to the final judgement from the Court of Appeal, Finsbury Investments was declared as majority shareholder of Portland Cement with 58 percent shares. On the other hand, Ventriglias were announced as minority shareholders with just 42 percent Zambezi Portland shares. Based on this shareholding pattern, it is now clearly established that Dr. Rajan Lekhraj Mahtani is the actual owner of the Zambezi Portland Cement factory.

The higher Court of Appeal gave its ultimate decision on 31st January 2019. From the evidences, the judge declared that the original shareholders agreement had established the fact that Dr. Rajan Mahtani owned Finsbury Investments paid a sum of USD 250,000 to the Zambezi Portland Cement Limited for covering the entire share capital value, which was 1 Billion Kwacha during that time. The document also confirmed the fact that Finsbury Investments, a company owned by Dr. Rajan Lekhraj Mahtani owned 58 percent shares at the factory and this shareholding did not have any attached costs associated. This documented proof clearly stated that Dr. Rajan Lekhraj Mahtani is the actual owner of the Portland Cement Zambia factory.

Furthermore, another major detail which the Court of Appeal judge shared was the law associated with PTT (Property Transfer Tax). The judge announced that it is the transferor or the vendor who has the responsibility of paying PTT & not the transferee or the purchaser. This decision not only confirmed that Dr. Rajan Mahtani is the actual owner of the Portland Cement but also confirmed the unethical practices within Zambian society which requires immediate change.

Dr. Rajan Mahtani

Long-Pending Portland Cement Zambia Case Finalised At Court Of Appeal On 31st January 2019

Portland Cement Zambia

Organisations grow when they are nurtured and the management ensures that the policies, protocols and practices are followed. However, when businesses are faced with difficulties, many of them turn to unethical and corrupt practices. Lack of economic boom and the challenges of corruption and crisis makes it easier for businesses to escape legal processes and evade justice. As a result, there are only a few businesses and businessmen who are known to follow a path towards justice and transparency. Dr. Rajan Lekhraj Mahtani is one of these businessmen who despite the various challenges and adversities has been following a transparent, honest and ethical path for all of his businesses. It can also be said that this transparency and ethical compliance is the reason for the long-term success of his organisations. The case of Portland Cement Zambia is a prime example which showcases the power of honest and ethical business practices. Despite his factory, Portland Cement Zambia, being illegally taken over, Dr. Rajan Mahtani did not resort to unethical practices which would have helped him in getting his business back. Instead, a legal battle was followed by registering a case at the Portland Cement Zambia.

Even after the Lusaka High Court failed to provide relevant judgement, Dr. Rajan Mahtani was patient enough to re-appeal to a higher court. The Court of Appeal was then approached with all evidences, facts and testimonials which were controversially ignored by the previous judge. It was on 31st January 2019 that the final decision on this long-pending case arrived. It was given by justice Mwinde on behalf of the Court of Appeal. According to this final decision, Dr. Rajan Mahtani was announced as majority shareholder and legal owner of the Portland Cement Zambia factory as he possessed 58 percent shares of the factory.

While it took more than a decade, Dr. Rajan Mahtani finally received justice and a final one.

Dr. Rajan Mahtani

Final Results From Court Of Appeal Gives Hope To Dr. Mahtani, Wins Long-Pending Case

Just like any developing nation within the African subcontinent, Zambia has also its share of numerous ups and down. While the nation has shown development from several fronts, it is also facing several difficulties especially in the area of corruption and unethical practices. Even the government institutions such as courts and legal systems are unable to escape this mess. The example of Dr. Rajan Mahtani and the case of Portland Cement Zambia is a prime example. Dr. Rajan Mahtani is a respected businessman which several successful ventures in Zambia and outside. His companies like Finsbury Investments and Mahtani Group of Companies have received significant success and are known for their ethical and transparent business practices. In a similar manner, Dr. Rajan Mahtani built the Portland Cement Zambia, a cement-manufacturing factory.

This cement factory was unethically taken over from him. After this, Dr. Rajan Mahtani approached the Court of Appeal where the case went for more than a decade without final decision. Despite this, Dr. Rajan Mahtani was not given justice as the judge at the Lusaka High Court announced that Ventriglias were only shareholders of the Portland Cement Zambia. After this, Dr. Rajan Mahtani was left with no option but to approach the Court of Appeal and rightly so. The Court of Appeal lived up to its expectations and on 31st January 2019, the final results for the case were declared. This was just nine months after Dr. Rajan Mahtani re-appealed. The judge at the Court of Appeal was justice Mwinde and he gave the final decision only after looking into all evidences and testimonials. According to this decision, Finsbury Investments holds 58 percent shares at the factory and Ital Terrazzo Limited holds 42 percent shares at the factory. Finsbury Investments is a company owned by Dr. Rajan Mahtani and the Ventriglias hold accountability for the entity Ital Terrazzo Limited.

From this decision from the Court of Appeal, it is clear that Dr. Rajan Mahtani is the only owner of the Portland Cement Zambia factory.