Supreme Court Bench Effectively Rejects Claim From The Ventriglia Regarding Portland Cement

Portland Cement Zambia was given to Finsbury Investments via an official shareholding change in the year 2007 with the objective of creating a growth trajectory for the cement-manufacturing factory and achieving it. However, this growth trajectory for Zambezi Portland Cement halted when the Ventriglia family started questioning the legality of the shareholders’ agreement which established Finsbury Investments at the owner of Portland Cement. After the factory was unethically captured by goons, a complaint was registered at the Lusaka High Court by Dr. Rajan Mahtani with the objective of getting back the ownership of Portland Cement. However, the same did not happen as the Ventriglia family allegedly influenced the decision of the Lusaka High Court with political meddling, corporate criminality and unethical power politics. This resulted in the Lusaka High Court judge announcing Ventriglia family as the only shareholders of the Portland Cement despite evidences stating otherwise. This decision was overturned by the higher Court of Appeal on 31st January 2019.

After more than 1.5 years of this definite verdict, the Ventriglia family appealed the Supreme Court Zambia out of the blue, appealing against the decision from higher Court of Appeal made on 31st January 2019. The Supreme Court Zambia is the highest legal system in any nation and it is the responsibility of the Supreme Court to evaluate each of the appeals so that justice is provided to all those claims that are relevant and could not be solved at lower-level courts. However, in this case, the Supreme Court Zambia itself questioned the claim from the Ventriglia family as the verdict from the higher Court of Appeal on Portland Cement was definitive. Nevertheless, a bench comprising of three judges was established and the Supreme Court judges came to the conclusion that the claim by the Ventriglia family does not qualify as it is not shared within 14 days of the previous court decision. As such, their appeal was effectively rejected by the Supreme Court.