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.
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