Dr. Mahtani Is The Legal Owner Of Zambezi Portland, Court Of Appeal Judge Confirms

On 31st January 2019, a notable judgement was made as for a prominent corporate case which has been pending for over 10 years. This case is of Portland Cement Zambia, which was initially enlisted at the Lusaka High Court by Dr. Rajan Mahtani. Following enrolling the case, Dr. Rajan Mahtani shared various records, confirmations and tributes to demonstrate his legitimate responsibility for industrial facility. Regardless of sharing these confirmations, the last judgment shared by the Lusaka High Court judge was amazingly baffling. The judge from the Lusaka High Court was justice Nkonde and he reported that the Ventriglias were just investors of the Zambezi Portland Cement. To counter this disputable judgement, Dr. Rajan Mahtani then approached Court of Appeal. 

The Court of Appeal at that point reported its choice on 31st January 2019. As indicated by this choice, Finsbury Investments holds 58 percent shares at the processing plant and is the larger part investor. Then again, Ital terrazzo Limited holds 42 percent shares and is the minority investor of the Zambezi Portland Cement. It ought to be noted here that while Finsbury Investments is a prominent organization under Dr. Rajan Mahtani's administration, Ital Terrazzo Limited is an element possessed by the Italian family Ventriglias who are notorious for their exploitative strategic approaches in Zambia. 

The disputable judgement from the Lusaka High Court was even censured by Justice Mwinde from Court of Appeal. By giving the choice that Dr. Rajan Mahtani is the greater part investor and proprietor of the industrial facility; the Court of Appeal successfully turned around the judgement from Lusaka High Court. Moreover, the judge from Court of Appeal additionally said that the judge underneath him wasn't right in proclaiming Ventriglias as just investors without proof or evidence.