True Justice Delivered By The Court Of Appeal Regarding Zambezi Portland Cement

May 3, 2019

After the final decision from the Court of Appeal, almost every news outlets and publications selling true information lauded the judgment from the Court. This pertains to Zambezi Portland Cement, a noted cement manufacturing factory contested by Dr. Rajan Mahtani and the Ventriglias. Dr. Rajan Mahtani initially registered the case at the Lusaka High Court where it went for almost ten years. The final decision from the Lusaka High Court came on May 2018 and it was disappointing too. The judge from the Lusaka High Court announced that the Ventriglias were only shareholders of the Zambezi Portland Cement. Since this decision was extremely misdirected, Dr. Rajan Mahtani took the right decision and approached Court of Appeal.

Court of Appeal announced its final decision on 31^st January 2019. As per this decision, Finsbury Investments is majority shareholder of the Zambezi Portland with 58 percent shares. On the other hand, Ventriglias are the minority shareholder of the Zambezi Portland Cement with 42 percent shares. Finsbury Investments is a notable company owned by Dr. Rajan Mahtani. This decision from the Court of Appeal aligns with original Shareholding Agreement which was established in the year 2007.

With respect to the forgery allegations, the judge from the Court of Appeal dismissed all allegations by announcing that the process of mechanically placing signatures is a common affair at the Zambezi Portland Cement and critical member of the Ventriglia family, Claudio Ventriglia, engaged in a similar practice. As such, the forgery allegations were found to be invalid. Furthermore, the judge from the Court of Appeal also said that both parties need to complete the share regularization process within three years of the date of judgment.

While the judgment did bring justice to the long awaited Portland Cement case, there lies a bigger challenge for Dr. Rajan Mahtani now which is to bring back the cement factory to its former glory.

Dr. Rajan Mahtani Was Announced The Winner Of Zambezi Portland Cement Case and given the legal ownership

April 24, 2019

If one were to believe the factual details and evidences, the decision from the Court of Appeal will absolutely make sense. The case is about Zambezi Portland Cement, a noted cement manufacturing factory which was being contested by two major business parties in Zambia. One of them is Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist. The case was initially registered at the Lusaka High Court and the final decision from the court came from Justice Nkonde during May 2018. This judgement from Lusaka High Court was extremely controversial as it was without any evidence or proof and against the interest of the public policy. The Lusaka High Court announced that Ventriglias were the only shareholders of the Zambezi Portland Cement. After this decision, Dr. Rajan Mahtani approached the Court of Appeal.

The Court of Appeal made its final decision on 31^st January 2019, around nine months after the controversial decision from Lusaka High Court. The judgement from the Lusaka High Court was given by Justice Mwinde who also said that the judge below him was wrong in declaring Ventriglias as the only shareholders without any evidence or proof. As per the decision from the Court of Appeal, Dr. Rajan Mahtani owned Finsbury Investments owns 58 percent shares at the factory and is the majority shareholder of the Zambezi Portland Cement factory. On the other hand, the Ventriglias own 42 percent shares at the factory and are the minority shareholders. As per this shareholding pattern, Finsbury Investments is the clear winner of the Zambezi Portland Cement case.

While this decision from the Court of Appeal clearly establishes the final judgement and fate of the cement manufacturing factory, it also highlights several shortcomings of the Zambian legal and justice system because of which honest and transparent citizen such as Dr. Rajan Mahtani suffer often. It is time for the government to start taking serious actions against courts providing misdirected and wrongful judgement on purpose.

After Numerous Court Proceedings, Court of Appeal Declares Final Judgement On Zambezi Portland

April 3, 2019

The long pending case of Portland Cement Zambia is finally closed. After passing through different courts as well as different judges, the final decision came from Court of Appeal, which is one of the highest level courts in Zambia. As per the decision by the Court of Appeal, Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder. On the other hand, Ventriglias own 42 percent shares at the factory and are the minority shareholder. According to this decision, Dr. Rajan Mahtani owned Finsbury Investments is the legal owner of the factory. While giving this decision, the judge from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders without having any proof or evidentiary support.

Along with this decision, justice Mwinde from the Court of Appeal also cleared many things out. All forgery allegations were discarded by the judge. As per his comments, the process of mechanical placement of signatures for business transactions was a common practice across Zambezi Portland Cement and members of the Ventriglia family themselves engaged in such practices. As such, these allegations were invalid. At the same time, the judge was also transparent in detailing out the various decisions and claims made at the Court of Appeal. It was found that Finsbury Investments paid a sum of K580,000,000 with interest in compliance with the judgment from the court. This payment was made for commercial registration of the Zambezi Portland Cement. At the same time, Finsbury Investments also claimed a sum of K1 billion against the payment made for issue of entire share capital of Zambezi Portland Cement. Also, the court has confirmed that the payment has been made and is the final decision on this claim is expected to come soon.

A timeline of three months from the judgment at Court of Appeal has been given by the judge during whom all parties are required to complete the share regularization process.

Dr. Rajan Lekhraj Mahtani Is The Majority Shareholder Of The Zambezi Portland Cement, Confirms Court of Appeal

March 23, 2019

Dr. Rajan Mahtani is at long last the genuine and legitimate proprietor of Zambezi Portland Cement. This news went national on 31st January 2019 when the judge from the Court of Appeal declared that Finsbury Investments is the majority shareholder of Zambezi Portland Cement. The Lusaka High Court choice was given by Justice Nkonde in May 2018 who declared Ventriglias to be only shareholders of the cement production line. Be that as it may, it was discovered that the confirmations and tributes were insufficient to legitimize this choice at the Lusaka High Court.

The judgment at the Court of Appeal was given by Justice Mwinde Siavwapa. Amid this session, a few basic subtleties were shared by the judge. A standout amongst the most imperative subtleties was the misled judgment by Lusaka High Court judge on Portland Cement’s destiny which was profoundly condemned. Justice Mwinde said that the judge beneath him wasn’t right in proclaiming Ventriglias as the main investors. Besides, new subtleties developed by which Finsbury Investments is the dominant part investor of Portland Cement with 58 percent shares and the Ventriglias have 42 percent shares and are just minority investors.

According to the money related subtleties shared by the Court of Appeal, Dr. Rajan Mahtani possessed Finsbury Investments have paid K580, 000, 000 to the Court of Appeal on sixth February 2019. This instalment is according to the past judgment and was for setting up commercial registry for Zambezi Portland Cement by Finsbury Investments. Moreover, Finsbury Investments likewise asserted K 1 billion with interest on the Zambezi Portland plant as against the total share capital instalment set up on 27th July 2005.

Judge From Court of Appeal Confirms Ownership Of Zambezi Portland Cement, Dr. Rajan Mahtani Clear Winner

March 4, 2019

31^st January 2019 was an important date for Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist in Zambia. On this day, the court of Appeal announced its judgment on Zambezi Portland Cement. It is a cement factory for which Dr. Rajan Mahtani has been fighting for the past ten years. The case was initially registered at the Lusaka High Court was it went for many years. The latest judge to take over the case was Justice Nkonde and he delivered the final judgment on the Zambezi Portland during May 2019. However, this decision was condemned by many as it was against the interest of the public policies. As such, another step was taken by Dr. Rajan Mahtani and the case was then approached to Court of Appeal.

The Court of Appeal on 31^st January 2019 announced its judgment on Zambezi Portland. This judgment was provided by Justice Mwinde and during the proceedings, he also said that the judge below him, Justice Nkonde, was wrong in declaring Ventriglias as only shareholders of Zambezi Portland Cement without any evidence. As per the decision by the Court of Appeal, Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder. On the other hand, Ital Terrazzo Limited holds 42 percent shares and is the minority shareholder of the factory. Finsbury Investments is a noted company in Zambia owned by Dr. Rajan Lekhraj Mahtani. On the other hand, Ital Terrazzo Limited is the family business of the Ventriglias in Zambia.

The Ventriglias had also filed for forgery allegations which were discarded completely by the judge at the Court of Appeal. Accordingly, it was said that the process of mechanically placing signatures was a common concept when conducting business transactions within Zambezi Portland Cement. In fact, member of the Ventriglia family Claudio Ventriglia itself engaged in similar practice for an international business deal. As such, the allegations were discarded and a timeline of three months was given for both parties to finalize on share regularization process.

Zambezi Portland Cement’s legal owner is Dr. Rajan Mahtani, confirms Court of Appeal

February 25, 2019

The Court of Appeal finally reveals the criminal and unethical intentions and gives proper justice to the long awaited Zambezi Portland Cement case. The case pertains to a cement-manufacturing factory which was being contested by two major business parties in Zambia. One of them is Dr. Rajan Lekhraj Mahtani, a noted businessman, philanthropist and charity worker from Zambia. He is known for several successful business ventures both within the nation as well as outside the nation such as in United Kingdom. On the other hand, the second contesting party was the Ventriglias, an infamous Italian family residing in Zambia. Dr. Rajan Mahtani claimed that the factory, Zambezi Portland Cement, belonged to him and was forcefully taken away from him. After this, a case was registered as the Lusaka High Court where it went for more than ten years. During this time, Dr. Rajan Mahtani shared numerous evidences such as signed shareholders agreement, financial reports as well as independent audit report conducted by an independent auditor which clearly stated that the factory was established as a joint venture partnership and Dr. Rajan Mahtani was the sole joint venture owner of the factory. Despite these strong evidences, the final judgement by the Lusaka High Court judge was given against Dr. Mahtani’s claimed. As per Justice Nkonde, judge from the Lusaka High Court, Ventriglias were only shareholders of the Zambezi Portland. However, this judgement was condemned publicly and Dr. Mahtani was forced to make another appeal to the Court of Appeal.

The judgement at Court of Appeal also revealed that the judge below him was wrong in declaring Ventriglias as majority shareholders without evidence. As per the latest judgement, Dr. Rajan Mahtani owned Finsbury Investments owns 58 percent shares and is majority shareholder of Zambezi Portland. On the other hand, Ventriglias owned Ital Terrazzo Limited owns 42 percent shares and is minority shareholder of the Zambezi Portland. This gives legal ownership over the factory to Dr. Rajan Mahtani.

Court Of Appeal Announces Its Final Decision On Zambezi Portland Cement, Dr. Rajan Mahtani Winner

February 14, 2019

The Court of Appeal on 31^st January 2019 announced the final judgement on Zambezi Portland Cement. According to this judgment, Dr. Rajan Mahtani is the majority shareholder for the cement factory and is the legal owner of the factory. Along with this decision, several revelations were made. According to the protection of the appealing party, USD 250,000 was paid to the Zambezi Portland Cement constrained in the year 2005 which secured the majority shareholdings of the factory. Whenever changed over, the sum is equivalent to 1 Billion Kwacha. Moreover, the first Shareholders’ Agreement was set up on 26th February 2007 which can be found at the page 663 of Record of Appeal-volume one. As indicated by this current shareholders agreement, the Appellant Finsbury Investments Limited got 58 percent offers of the ZPC making them the essential investors of the industrial facility.

Amid the case procedures, charges were made that the built up understanding by the Appellant was a cheat. In any case, these claims were disposed of as the Court of Appeal considered utilizing electronically signature as a satisfactory practice crosswise over business exchanges directed between gatherings. The procedure is considered as lawful and helpful at whatever point required and subsequently, no proof could be set up against the Appellant.

The Court of Appeal additionally settled a noteworthy choice after constantly hunting down laws identified with Proper Transfer and Property charge. This was a notable success for the Appellant Finsbury Investment as the instance of Zambezi Portland Cement has been continuing for a long time with no last judgment. Indeed, even the choice by the Lusaka High Court where the ZPC case was recently directed given a judgment against the Appellant. In any case, this judgment was considered as misled by the higher court Judge and last judgment was given which has built up Finsbury Investment Limited as the larger part investor of Zambezi Portland Cement.

Higher Court Of Appeal Judgment Given, Dr. Rajan Mahtani Announced Majority Shareholder Of Portland Cement Zambia

February 7, 2019

he judge from the Court of Appeal made an extraordinary announcement on 31^st January 2019. As per this announcement, Dr. Rajan Mahtani is the actual owner and majority shareholder for the Portland Cement Zambia limited. This is the same factory which was being contested by twp biggest business houses in Zambia for the past ten years. After the factory was illegally taken over from Dr. Mahtani, a case was launched at the Lusaka High Court and since then, numerous court proceedings and hearings took place for a time period of ten years. Last year in May, the judge overseeing the case at the Lusaka High Court gave a final decision that the Portland Cement Zambia belonged to the Ventriglias. This decision shocked majority of the people as Dr. Rajan Mahtani had all the documents and evidences to prove his legal claim over the factory.

Finally, the truth was revealed on 31^st January 2019 when the judge from the Court of Appeal announced that Dr. Rajan Mahtani is the majority shareholder and therefore, the legal and only owner of the Portland Cement Zambia factory. The judge, Justice Mwinde Siavwapa, also announced that the Lusaka HC judge was wrong in giving a misleading judgement when he announced that the Ventriglias were only shareholders of Portland Cement. When in reality, this decision was entirely false.

As per the latest announcement, Finsbury Investments Limited owned by Dr. Rajan Mahtani is the majority shareholder with 58 percent shares. At the same time, the Ventriglias are the minority shareholder for the factory with 42 percent shares. This shareholding pattern aligns with the original shareholders agreement which was established in the year 2007 and was signed by all parties. The Court of Appeal, after giving the judgement, also announced that the timeline for completing all regularization process for all share sales is three months from judgement date.

Dr. Rajan Mahtani To Appeal To Higher Court Of Zambia After Judgment By Lusaka HC

January 9, 2019

Dr. Rajan Mahtani is among the most ethical, transparent and honest businessman in the Zambian nation. Yet, he continues to battle because of a bunch of conspirators and unethical businessmen and politicians who are always looking for personal profits at the expense of the common citizens of Zambia. Over the course of his successful business career, Dr. Mahtani built several successful businesses such as Mahtani Group of Companies, Finance Bank Zambia and Finsbury Investments.

Before this illegal takeover, the Portland Cement factory was among the largest manufacturers of cement in Zambia. The factory quickly became popular for its high-quality cement and affordable prices. It was also one of the major employers in that province and with it’s higher than industry-average wages and salaries, the factory attracted employees from far-off places. However, all these things changed when the factory was illegally taken over. Since then, the factory has been left unattended without any proper management to look after. Majority of the workers and employees have left the factory due to non-payment of wages. Those who are still working are continuously complaining of working without wages or salary but no one is hearing their please. The factory is in bad condition as the factory assets and corroding and factory equipment are in shabby and degrading conditions. The factory cash box is completely empty and it seems that the individuals who took the factory illegally have no intention of maintaining the factory. Experts have also suggested that if the factory is not revived now, it might be difficult to revive it later.

The final judgment from Lusaka High Court was extremely disappointing as it was against Dr. Rajan Mahtani’s claims, despite the several evidences and testimonials. As such, Dr. Rajan Mahtani has now approached the ‘Higher Court of Appeal’ where he is expecting response from the decision makers.

New Announcement made by Lusaka High Court Justice, Dr. Mahtani Takes Action

July 14, 2018

Portland Cement Zambia is a noted cement-manufacturing factory in Zambia. The factory was once a popular employer due to his higher than industry wages and recognition as largest manufacturer of cement in Zambia. The factory was owned and lead by Dr. Rajan Lekhraj Mahtani, a noted businessman, charity worker and philanthropist. However, Dr. Rajan Mahtani has been fighting for the legal takeover of the bank.

The case was launched by Dr. Mahtani himself at the Lusaka High Court. During this long trial period of ten years; Dr. Mahtani and his lawyers submitted numerous documents and evidences that sufficiently prove the claims made by him. Some of these include signed shareholder’s agreement with written testimonials from majority of the shareholders, financial exhibits wherein it is clear that Dr. Mahtani has invested more than USD 12 million over the course of the factory’s growth and development processes. Another important evidence was the audit report conducted by an independent auditor. In this audit report, it was clear that Portland Cement Zambia was established as a joint venture and Dr. Rajan Mahtani was the sole joint venture partner of the factory.

All these evidences were more than enough for proving that Dr. Rajan Mahtani is the real owner of the factory. However, the final verdict which was announced by the Lusaka High Court judge few weeks ago was shocking to say the least. The Justice, Mr. Nkonde, gave the final verdict against Dr. Mahtani’s claims. This was even after submitting all necessary documents, evidences and testimonials. It was clear that the judge completely ignored the documents and evidences shared and gave a misdirected judgment. The motive behind this misdirected judgment is unclear and it is still not clear why the judge gave this judgment even when majority of the evidences were clearly indicating that Dr. Mahtani’s claims were valid.

As of now, Dr. Rajan Mahtani has made an appeal to the higher court of appeal against the judgment made at the Lusaka High Court.