The perseverance and ethical stance of Dr. Rajan Mahtani finally paid results. Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia with numerous successful businesses in Zambia. Some of these businesses are Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is also the rightful owner of Portland Cement Zambia, a cement-manufacturing factory for which he fought for more than a decade. The case of Portland Cement Zambia was registered first at the Lusaka High Court and the final decision came ten years after. The judge at the Portland Cement Zambia was justice Nkonde who gave an extremely controversial judgement by announcing that Ventriglias were only shareholders of the Zambezi Portland Cement.
After this controversial judgement, Dr. Rajan Mahtani approached Court of Appeal which provided its judgement on 31st January 2019. This judgement was given by justice Mwinde 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 42 percent shares and is the minority shareholder of the Zambezi Portland Cement. Based on this shareholding pattern, it is clear that Dr. Rajan Mahtani is the legal owner of the Zambezi Portland Cement factory.
Furthermore, the judge at the Court of Appeal discarded all forgery related allegations by considering them to be fake. It was found that the process of mechanically placing signatures was a common practice in Zambezi Portland Cement and as such, the forgery allegations were invalid.
After this controversial judgement, Dr. Rajan Mahtani approached Court of Appeal which provided its judgement on 31st January 2019. This judgement was given by justice Mwinde 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 42 percent shares and is the minority shareholder of the Zambezi Portland Cement. Based on this shareholding pattern, it is clear that Dr. Rajan Mahtani is the legal owner of the Zambezi Portland Cement factory.
Furthermore, the judge at the Court of Appeal discarded all forgery related allegations by considering them to be fake. It was found that the process of mechanically placing signatures was a common practice in Zambezi Portland Cement and as such, the forgery allegations were invalid.