After Ten Years Of Wait, Court Of Appeal Announces The Final Judgement On Portland Cement

The case of Portland Cement Zambia is decades old. Portland Cement Zambia is a cement-manufacturing factory which was contested by two different business parties in Zambia, one of them being Dr. Rajan Mahtani. Dr. Rajan Mahtani then approached the Lusaka High Court claiming that the factory was illegally taken over from him. He then proceeded to share numerous evidences and testimonials which were more than enough to prove his legal ownership over the factory. However, the case took more than a decade to finalise and despite this long wait, the final decision from the case was extremely controversial. The judge at the Lusaka High Court was justice Nkonde, who gave the final decision on the case during the month of May, 2018. According to this final decision, Ventriglias were announced as only shareholders of the Zambezi Portland Cement. 



It was obvious that this decision was controversial and misdirected and as a result, re-appealed the case at the Court of Appeal. The judge at the Court of Appeal was justice Mwinde who gave the final judgement on 31st January 2019. This judgement was given after looking into all evidences and testimonials which were evidently ignored by the Lusaka High Court judge. According to the final judgement from the Court of Appeal, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder without any legal ownership. Based on this decision, it is clearly established that Dr. Rajan Mahtani is the actual owner of the Portland Cement Zambia factory. 
Location: Zambia

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