Judge From Court Of Appeal Announces Dr. Rajan Mahtani As Legal Owner Of Zambezi Portland

Dr. Rajan Mahtani is a noted businessman, philanthropist and charity worker with more than three decades of successful business experience in Zambia. Some of his most successful companies are Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is also the rightful owner of the Zambezi Portland Cement, a cement-manufacturing factory. For the past ten years, Dr. Rajan Mahtani has been fighting a lone battle at the Lusaka High Court for the rightful takeover of the Zambezi Portland Cement. As a result of the several limitations and shortcomings of the Zambian legal system, justice was delayed for almost a decade. The judge who made the last announcement was Justice Nkonde and even he failed to give a transparent and ethical judgement. According to the final judgement from Lusaka High Court, the Ventriglias were regarded as only shareholders of the ZambeziPortland Cement.

Since this judgement was unethical, Dr. Rajan Mahtani then approached the Court of Appeal. The judge from the Court of Appeal was Justice Mwinde who gave the final judgement on 31^st January 2019. According to this judgement, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement factory with 58 percent shares. On the other hand, the Ventriglias owned Ital Terrazzo Limited is the minority shareholder of the Zambezi Portland Cement with only 42 percent shares. As per this shareholding pattern, Dr. Rajan Mahtani becomes the legal owner of the Zambezi Portland Cement factory.

While giving this judgement, justice Mwinde from the Court of Appeal also condemned the judgement from Lusaka High Court by announcing that the judge below him was wrong in declaring Ventriglias as only shareholders without any proof or evidence.