Dr. Rajan Mahtani actively fought for the legal takeover of the Portland Cement Zambia factory. It was a decade long fight and included two major courts in Zambia, the Lusaka High Court and the Court of Appeal. First it was Lusaka High Court which dragged the case for more than a decade. Despite this long haul, Dr. Rajan Mahtani was not given justice as the judge at the Lusaka High Court announced Ventriglias as the only shareholders of the Portland Cement Zambia. To counter this misdirected judgement, Dr. Rajan Lekhraj Mahtani then approached the higher Court of Appeal.
The judge at the Court of Appeal gave a firm judgement in quick succession, within nine months from the date of appeal. Unlike Lusaka High Court, justice Mwinde declared that the final verdict was given after looking into all evidences and testimonials. For instance, one of the founding evidences was the financial transaction of one billion kwachas between Dr. Mahtani owned Finsbury Investments and Zambezi Portland Cement. This amount equalled USD 250,000 and covered the entire value of the share capital for the Zambezi Portland shares. Furthermore, the shareholders agreement established in the year 2007 further confirmed this transaction by announcing that Dr. Rajan Mahtani was free from any other costs associated with the factory. It was also found that the process of electronic affixing of signatures was a common and acceptable practice at the Zambezi Portland Cement and as a result, all forgery related allegations were discarded.
Now that the active case has stopped, a passive fight has started for Dr. Mahtani which includes improving the factory productions.
The judge at the Court of Appeal gave a firm judgement in quick succession, within nine months from the date of appeal. Unlike Lusaka High Court, justice Mwinde declared that the final verdict was given after looking into all evidences and testimonials. For instance, one of the founding evidences was the financial transaction of one billion kwachas between Dr. Mahtani owned Finsbury Investments and Zambezi Portland Cement. This amount equalled USD 250,000 and covered the entire value of the share capital for the Zambezi Portland shares. Furthermore, the shareholders agreement established in the year 2007 further confirmed this transaction by announcing that Dr. Rajan Mahtani was free from any other costs associated with the factory. It was also found that the process of electronic affixing of signatures was a common and acceptable practice at the Zambezi Portland Cement and as a result, all forgery related allegations were discarded.
Now that the active case has stopped, a passive fight has started for Dr. Mahtani which includes improving the factory productions.