Dr. Rajan Mahtani Announced Majority Shareholder And Legal Owner Of The Zambezi Portland Cement

At last, the criminal aims of the unscrupulous Ventriglias were uncovered by the Court of Appeal, when the judge from the Court declared the last judgment on Portland Cement Zambia case. On 31st January 2019, the judge at the Court of Appeal Zambia gave the last declaration for the long pending case. The judge was justice Mwinde who adequately switched the judgment by the Lusaka High Court judge. 

As indicated by the most recent judgment by the Court of Appeal judgment, Dr. Rajan Mahtani claimed Finsbury Investments is larger part investor of the Zambezi Portland Cement with 58 percent shares. Then again, Ventriglias possessed Ital Terrazzo Limited holds 42 percent shares at the plant and is the minority investor with no legitimate responsibility for processing plant. This shareholding design additionally lines up with the first Shareholders Agreement which was set up in the year 2007. In light of this choice, it is confirmed that Dr. Rajan Mahtani is the lawful proprietor of the processing plant. The judge at the Court of Appeal likewise concluded on the fabrication charges and considered the falsification claims invalid. It was reported that the procedure of mechanical position of marks for business exchanges was a typical issue in Portland Cement Zambia. The judge additionally affirmed that Claudio Ventriglia, a significant individual from the Ventriglia business family, occupied with comparative practice and in this way, no claims were charged. 

The Court of Appeal judge likewise gave a course of events of a quarter of a year from the date of the judgment to the two gatherings. During this time, all offer deals and guideline related exercises must be finished
Location: Zambia

Comments

Post a Comment

Popular posts from this blog

Zambezi Portland Cement Belongs To Dr. Rajan Mahtani, Announced Court Of Appeal

Image
After almost ten years of waiting, Zambezi Portland Cement factory received true justice. It was Court of Appeal, one of the highest civilian courts in Zambia which announced the final decision. However, Dr. Rajan Mahtani had to go through several inconveniences and misdirected judgements before arriving at this place where decision was made after actually looking into the evidences.  The case of Zambezi Portland Cement is ages old as it was first registered at the Lusaka High Court more than ten years ago. After passing through several case proceedings, dates and even judges, the final decision was given by Justice Nkonde. Sadly, he gave a misdirected judgement by announcing that Ventriglias were the only shareholders of the Zambezi Portland Cement. It was after this misdirected judgement Dr. Rajan Mahtani approached the Court of Appeal.   The Court of Appeal announced its final decision on 31st January 2019. According to this decision, Dr. Rajan Mahtani owned Finsbury
Read more

Dr. Rajan Mahtani Legal Owner Of Zambezi Portland Cement As Per Court Of Appeal Decision

Image
The recent judgement from the Court of Appeal is a testament that justice and transparency in the system is still valued and patience always reaps positive benefits. With this choice from the Court of Appeal, the confidence, persistence and constancy in the Zambian legal framework has been by and by protected. This case relates to Zambezi Portland Cement, a prominent cement manufacturing processing plant which was challenged by two noteworthy business parties in Zambia. These are Dr. Rajan Mahtani and the Ventriglias. While Dr. Rajan Mahtani is known for his straightforward and moral strategic policies just as effective business adventures, the Ventriglias are notorious for their dishonest exercises and utilizing capacity to turn things around their way.  After the judge from the Lusaka High Court neglected to give any equity to Dr. Rajan Mahtani and his decade long persistence, the case was again drawn closer to the Court of Appeal. Here the judge was Justice Mwinde and he d
Read more

Dr. Rajan Mahtani Established Steven Malama Award Given To Deserving Student

Image
Dr. Rajan Lekhraj Mahtani is one of the most notable and successful businessman in Zambia . He is known not only for his business acumen and business practices, but also for his charitable and philanthropic activities. Over the course of three decades, Dr. Mahtani has extended his support to several fields and areas. One of these areas has been the education field. Dr. Rajan Mahtani and late Steven Malama were close aides. Late Steven Malama was a noted lawyer and philanthropist known for several achievements in his field. One of his most important achievements have been the merger of the Barrister’s Bar and the Legislator’s bar into a single bar. This merger has helped numerous law candidates and enthusiasts to achieve bar affiliations without much difficulties. To honour these numerous contributions, Dr. Rajan Lekhraj Mahtani established the Steven Malama award .  The Steven Malama award was established in the year 2012 and the first award was given in the year 2013. After the inau
Read more