Dr Rajan Lekhraj Mahtani

After A Decade Of Wait, Dr. Rajan Mahtani Announced Winner Of The Portland Cement Zambia Case

The most recent judgment by Court of Appeal judge made things identified with Portland Cement much clearer. The criminal demonstrations of the scandalous Italian family Ventriglias have been wrecked and the Court of Appeal has managed an official choice for Zambezi Portland Cement. This choice went ahead 31st January2019 when the judge at the Court of Appeal turned around the judgment by Lusaka High Court judge which had before reported that the Ventriglias were just investors of Zambezi Portland Cement. Be that as it may, according to the new judgment, this isn’t the situation and the choice given by the Lusaka High Court judge was illegal.

A few subtleties were shared by the Court of Appeal during this judgment which isolated reality from the different untruths advised to general society and the court for a significant stretch of time. According to the Court of Appeal’s judgment, Finsbury Investment Limited has paid a measure of pre-rebased K580, 000, 000 to High Court of Zambia as Commercial Registry and enthusiasm according to the consistence of the judgment. Simultaneously, Finsbury Investments have additionally guaranteed K1 Billion with enthusiasm on the Zambezi Portland for instalment given on 27th July 2005. This sum was paid on total by Zambezi Portland for increasing whole offer capital for Zambezi Portland. Considering the affirmation given by Court of Appeal, share moves were made during December 2006 and January 2007. These offer exchanges were substantial and thus 58 percent shares at the Zambezi Portland were given to Finsbury Investment. Simultaneously, Ital Terrazzo Limited which is claimed by the Ventriglias holds 42 percent shares and is just minority investor of Zambezi Portland. The Court of Appeal likewise affirmed that distributions and reports made to opposite by supposed Zambezi Portland Cement CEO were conflicting with conclusive judgment.

According to an ultimate choice by Court of Appeal judge, a timespan of three months has been given by the court to regularizing share sales based on the new decision.

Zambia News

Dr. Rajan Lekhraj Mahtani Finally Receives Justice, Portland Cement Zambia Case Decision Announced

The path of transparency and honesty might e difficult, but it surely leads to success and achievement in the long run. This holds true in case of Portland Cement Zambia case. Dr. Rajan Mahtani had registered a case at the Lusaka High Court almost a decade ago. This case was launched for legal takeover of the Portland Cement Zambia factory. Reports have clearly indicated that Dr. Rajan Mahtani had all evidences, testimonials and facts to support his claim. Despite this, it took more than a decade for the Lusaka High Court to announce the final judgement. The judge at the Lusaka High Court was justice Nkonde who announced that Ventriglias were only shareholders of the Portland Cement Zambia. It was clear that this decision was misdirected and as a result, Dr. Rajan Mahtani rightfully approached the Court of Appeal.

The judge at the Court of Appeal was justice Mwinde who gave the final decision on 31st January 2019. This decision was given around nine months after the case was initially registered there. This clearly indicates a sharp difference between the judgement processes of the two courts. The judge at the Court of Appeal announced the judgement after looking into all evidences and testimonials associated with the case. As per this final decision, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the Portland Cement Zambia factory. 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. This decision from the Court of Appeal also aligned with the original shareholders agreement and clearly confirmed that Dr. Mahtani is the actual owner of the factory. Furthermore, the judge from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders as this decision was misdirected.

Dr. Mahtani & Zambia

Ownership Of Portland Cement Zambia Given Back To Dr. Mahtani, Court Of Appeal Confirms Case

For the past decade, Dr. Rajan Lekhraj Mahtani fought for the legal takeover of the Portland Cement Zambia factory. The battle started when Dr. Rajan Mahtani initially registered a case at the Lusaka High Court after claiming that his factory was illegally taken over from him. Despite sharing numerous evidences and testimonials, the final justice from the Lusaka High Court was controversial and Dr. Rajan Mahtani was taken aback. The judge at the Lusaka High Court was justice Mwinde and according to his final decision, Ventriglias were the only shareholders of the Zambezi Portland Cement. This decision was misdirected and to counter this decision, Dr. Rajan Mahtani took the case to the Court of Appeal.

The Court of Appeal is one of the highest legal and judiciary systems in Zambia. The judge at the Court of Appeal was justice Mwinde who gave the final decision on the Portland Cement Zambia case on 31st January 2019. According to this decision, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and are the majority shareholders of the Zambezi Portland Cement. 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. This decision from the Court of Appeal aligned with the original shareholders agreement established in the year 2007. Therefore, the decision from the Court of Appeal clearly establishes the fact that Dr. Rajan Mahtani is the legal owner of the Portland Cement Zambia factory.

While giving this decision, Justice Mwinde from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders of the Zambezi Portland as this decision was misdirected and without any evidence. Furthermore, a timeline of three months from the date of the judgement has been given during which all share sales and regulations related activities must be completed.

Zambia News

Court Of Appeal Announces Results On Portland Cement Zambia, Dr. Rajan Mahtani Winner

For more than a decade, Dr. Rajan Mahtani struggled for the legal ownership of Portland Cement Zambia factory. This struggle started when the factory was illegally taken over from him and he registered a case at the Lusaka High Court to get back his factory. However, it took more than a decade for the judge to announce a final decision on the case. At the same time, the final decision from the Lusaka High Court on Portland Cement was extremely controversial. The judge at the Lusaka High Court was justice Nkonde and he announced that Ventriglias were only shareholders of the Zambezi Portland Cement. After this misdirected judgement, Dr. Rajan Mahtani had no option but to approach the Court of Appeal.

The judge at the Court of Appeal was justice Mwinde who gave the final decision on the case on 31st January 2019. This judgement came around nine months after the case was registered at the Lusaka High Court. Justice Mwinde gave the final decision after looking into all evidences and testimonials associated with the case. As per the final 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 and is the minority shareholder without any legal ownership over the factory. This decision aligned with the original shareholders agreement established in 2007 and based on this decision, it is clear that Dr. Rajan Mahtani is the actual and legal owner of the Portland Cement Zambia factory.

While giving the judgement, justice Mwinde also discarded all forgery related allegations. It was found that the process of mechanically placing signatures was a common practice in Zambezi Portland Cement and critical member of the Ventriglias family also engaged in similar practice. As such, all forgery related allegations were discarded by the Court of Appeal judge.

Zambezi Portland Cement

As per Court of Appeal announcement, Dr. Rajan Mahtani is owner of Portland Cement Zambia factory

Honest and ethical businessmen often fall prey to corruption and challenges coming out of it. As a result, many of the businessmen and entrepreneurs who start with ethical practices are forced to follow the unethical and corrupt path for achieving success. On the other hand, there are only few businessmen left in Zambia who have been able to maintain a transparent and honest business ethics. One of them is Dr. Rajan Mahtani and this path has been extremely difficult for him. Dr. Rajan Mahtani registered the case of Portland Cement Zambia at the Lusaka High Court after the factory was illegally taken over from him. Despite sharing critical evidences, the final decision from the Lusaka High Court was controversial as Ventriglias were announced as only shareholders of the Zambezi Portland Cement.

To counter this judgement, Dr. Rajan Mahtani approached Court of Appeal. The judge at the Court of Appeal was justice Mwinde who gave the judgement on 31st January 2019 after looking into all evidences and testimonials. As per this decision, 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. This decision aligned with the original shareholders agreement which was established in the year 2007. Based on this decision, it is clearly established that Dr. Rajan Mahtani is the majority shareholder and actual owner of the Portland Cement Zambia factory.

Apart from the above judgement, justice Mwinde also discarded all forgery related allegations. It was found that the process of mechanically placing signatures for business transactions was a common practice in Zambezi Portland Cement. It was also found that critical member of the Ventriglia family, Claudio Ventriglia, engaged in similar practice. As a result, all forgery related allegations were found to be baseless and were discarded.

Zambia News

Court of Appeal announces results on Portland Cement Zambia, Dr. Rajan Mahtani winner

Dr. Rajan Lekhraj Mahtani has been struggling for more than ten years for the ethical justice with respect to Portland Cement Zambia. The case was registered at the Lusaka High Court where it took more than ten years for the judge to provide judgement. Despite numerous evidences, testimonials and factual data, the judge at the Lusaka High Court was unable to provide right judgement in the case. The judge at the Lusaka High Court was justice Nkonde who gave the final decision declaring Ventriglias were only shareholders of the Zambezi Portland Cement.

Dr. Rajan Mahtani

To counter this judgement, Dr. Rajan Mahtani then approached the Court of Appeal. The Court of Appeal is among the highest civilian courts in Zambia and Dr. Rajan Mahtani approached the court with the hope of getting justice. The judge at the Court of Appeal was judge Mwinde who gave the final judgement on 31st January 2019 after looking into all evidences and testimonials. According to the final judgement, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the Zambezi Portland Cement. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder without any legal ownership over the factory. Based on this decision, it is clear that Dr. Rajan Mahtani is the legal owner of the factory.

While giving this decision, the judge from the 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 misdirected and without any evidence. Furthermore, the court of appeal judge also discarded all forgery related allegations and confirmed that the process of mechanically placing signatures was a common practice in Zambia. As a result, forgery related allegations were found to be unwarranted and a timeline of three months was given for completing the share sales process.

Zambia News

According to the final results from the Court of Appeal judge, Dr. Rajan Mahtani is the legal owner of Portland Cement Zambia

Dr. Rajan Lekhraj Mahtani is once again the proud owner of the Portland Cement Zambia factory. This ownership came on 31st January 2019 when the judge at the Court of Appeal announced its final decision on the Portland Cement Zambia. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds 42 percent shares at the factory and is the minority shareholder without any legal shareholding. This decision also aligns with the original shareholders agreement established in the year 2007. As per this decision from the Court of Appeal judge, it has been clearly established that Dr. Rajan Mahtani is the legal and only owner of the Portland Cement Zambia factory.

Dr. Rajan Mahtani

Apart from the above decision, the judge from the Court of Appeal also gave some noteworthy revelations. It was found that Finsbury Investments paid a sum of K580,000,000 with interest to the Court of Appeal on 6th February 2019. This payment was made in compliance with the judgement from the Court with the objective of Commercial Registration of the Portland Cement Zambia factory under the clause 2008/HPC/366 at the Court of Appeal. At the same time, Dr. Rajan Mahtani owned Finsbury Investments also claimed a sum of K1 billion with interest on the Portland Cement Zambia. This amount was claimed with respect to the payment cleared on 27th July 2005 and the payment made was for entire issue of share capital associated with the Portland Cement Zambia factory. This claim from Portland Cement Zambia was further confirmed by the Court of Appeal with the evidence of share transfer reports and documents dating January 2007 and December 2006. From these evidences, it is further established that Dr. Rajan Mahtani is the majority shareholder and legal owner of the Portland Cement Zambia factory.

Zambia News

Portland Cement Zambia belongs to Dr. Rajan Mahtani, according to Court of Appeal

After ten years of court struggle, Dr. Rajan Mahtani finally received justice. This justice came at the hands of Court of Appeal judge, justice Mwinde. However, this is not the court where the case was initially registered. The case of Portland Cement Zambia was initially registered at the Lusaka High Court. The case was registered by Dr. Rajan Mahtani himself after his factory was unethically taken over from him. After several case proceedings and evidence sharing, the final judgement from the Lusaka High Court came during the month of May, 2018. However, this decision did not provide any justice to Dr. Rajan Mahtani. The judge at the Lusaka High Court was justice Nkonde and he announced that Ventriglias were only shareholders of the Zambezi Portland Cement.

Dr. Rajan Mahtani

To counter this misdirected judgement, Dr. Rajan Mahtani then approached the Court of Appeal. The judge at the Court of Appeal was justice Mwinde who gave the final justice for the Portland Cement Zambia on 31st January 2019. According to this decision, Dr. Rajan Mahtani owned 58 percent shares at the Zambezi Portland Cement factory and is the majority shareholder of the factory. The judge also declared that Ventriglias owned only 42 percent shares at the factory and are the minority shareholders without any legal ownership over the factory. This decision from the Court of Appeal judge aligns with the original shareholders agreement and confirms that Dr. Rajan Mahtani is the only legal owner of the factory.

After from the above concrete judgement, judge from the 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 misdirected. Furthermore, all forgery related allegations were discarded by the judge and it was announced that all share sales and regulations related activities must be completed within three months of the Court of Appeal judgement.

Dr. Mahtani & Zambia

Confirmation from the Court of Appeal final on Portland Cement case, Dr. Rajan Mahtani announced winner

Dr. Rajan Lekhraj Mahtani was finally given the majority shareholding and legal ownership status for his company Portland Cement Zambia. This decision was announced at the Court of Appeal on 31st January 2019. On this day, the judge at the Court of Appeal announced that Dr. Rajan Mahtani is the majority shareholder of the Zambezi Portland Cement factory as he holds 58 percent shares at the factory. On the other hand, it was also announced that Ventriglias hold just 42 percent shares at the factory and are the minority shareholder without any legal ownership over the factory. This decision aligned with the original shareholders agreement which was established in the year 2006. Furthermore, the judge from the Court of Appeal also said that the judgement given by the Lusaka High Court judge was misdirected and against the interests of the public policies. It should be noted here that Dr. Rajan Mahtani had initially registered the case at the Lusaka High Court almost a decade back. As a result of the various incompetency of the court, the case delayed for more than ten years. Even after that, the final judgement was against Dr. Rajan Mahtani’s claims wherein it was announced that Ventriglias were only shareholders of the Zambezi Portland Cement. This prompted Dr. Mahtani to take firm step and approach the Court of Appeal for further justice.

As of now, the decision from the Court of Appeal is final and cannot be changed at any circumstances. All forgery related allegations have also been discarded by the Court of Appeal judge. In a further statement, the Court of Appeal stated that all parties are required to proceed with regularization of the sales of the shares, taking effect from December 2006 and aligning with the Shareholders Agreement established by the Court in the month of January 2019. The Judge provided a timeline of three months for completing this share regularization process.

Zambia News

Dr. Rajan Lekhraj Mahtani given legal ownership of Zambezi Portland Cement after court win

The latest decision on the Portland Cement Zambia is out. Dr. Rajan Mahtani is a noted businessman and philanthropist who have more than three decades of business experience. For the past one decade, Dr. Rajan Mahtani has been fighting for the legal takeover of Portland Cement Zambia factory. The case was registered initially at the Lusaka High Court wherein justice Nkonde provided the final decision, albeit almost a decade after the case was registered there. While all evidences, testimonials and documents indicated that Dr. Rajan Mahtani was the legal owner, the Lusaka High Court justice gave a completely different judgement. According to the Lusaka High Court judge, Ventriglias were considered as only shareholders of the Zambezi Portland Cement factory.

Considering this judgement to be misdirected, Dr. Rajan Mahtani was left with no choice but to approach the higher court, the Court of Appeal. The Court of Appeal is among the biggest judicial court systems in Zambia and it provided a quick decision to Dr. Rajan Mahtani plea. The final decision for the Portland Cement Zambia was made on 31st January 2019. As per this decision, Dr. Rajan Mahtani holds 57 percent shares at the Zambezi Portland Cement and is the majority shareholder of the cement factory. On the other hand, Ventriglias own just 42 percent shares at the factory and are the minority shareholders of the factory. The judge also confirmed that this shareholding pattern aligned with the original shareholders agreement which was established in the year 2007. This clearly confirms that the evidences and financial documents shared by Dr. Rajan Mahtani’s lawyers at the Lusaka High Court were completely real and authentic but were ignored by the judge there.

After this decision, the Court of Appeal judge provided a timeline of three months from the date of the judgement for both parties during which, all share sales and regulation related activities must be completed.