Fight For Zambezi Portand Cement Still Going On

Even though Lusaka High Court which is handling the case between Dr. Rajan Mahtani and the Ventriglias has announced that the case hearing is closed, the final judgment will take some more time.  The case is for the legal ownership of the Zambezi Portland Cement which has been illegally taken by the Ventriglias. The case is being held at the High Court for almost nine years now. 

Dr. Rajan Mahtani is a noted businessman & industrialist, who have gained popularity and respect as a result of his dedication and honest work. His companies such as Mahtani Group of Industries and Finsbury Investments are some of the top companies in Zambia. He has also successfully established companies across foreign lands such as in United Kingdom. In spite of these great achievements and contribution to the Zambian nation and its people, he is constantly targeted by conspirators.  Various interviews with the ex-workers of Zambezi Portland Cement indicated that the factory was booming under Dr. Mahtani’s leadership. Workers were paid well and production was surplus. However, the condition of the factory is exactly opposite now. Majority of the workers have been laid off and the rest are working without any guarantee of payments. Even after these situations, the Ventriglias have gained a stronghold on the factory. 

As per the judge handling this case, the case hearing is closed and both parties have been given time till December 2017 to provide oral as well as written submissions which includes there latest evidences, facts, exhibits and other statements. After evaluation of these submissions, the judge will provide a final date for judgement.

New Hope For Dr. Rajan Mahtani, Announcement On Zambezi Portland Soon

Dr. Rajan Mahtani gets new hope in the Zambezi Portland Cement case as the judge currently handling this case at the Lusaka High Court announced that the case hearing is closed and final judgement will be announced soon. Dr. Rajan Mahtani has been working dedicatedly in Zambia for many decades and with dedication and honesty, he has been able to build his empires from scratch. His companies are famous not only in Zambia, but also across various developed nations such as the United Kingdom. Some of his companies are Mahtani Group of Industries and Finsbury Investment. He is also the ex-chairman of Finance Bank Zambia and was the sole owner of Zambezi Portland Cement before it was illegally captured by the Ventriglias. 

Since then, a case has been launched at the Lusaka HC against the Ventriglias and this case has been going on for almost 10 years without any progress. During the case proceedings, Dr. Mahtani’s lawyers have shared various evidences and facts that prove his 58 percent share at the factory. Finsbury Investments which is under Dr. Mahtani, have submitted a shareholder agreement signed by all concerned shareholder. Furthermore, his total investments in the factory’s growth and development are more than USD 8 million, excluding his full payment in the Zambezi share capital. Important evidence is the independent audit conducted by an independent auditor which confirms that the factory was established under joint venture partnership and Dr. Rajan Mahtani is the sole joint venture partner with majority shared. 

It is expected that both parties will be submitting their evidential submissions by December 2017 and after evaluation of these submissions, final announcement will be made.