Court Of Appeal Decision Final, Dr. Rajan Mahtani Majority Shareholder Of Portland Cement



Time and again, it has been found that ethical and transparent businessman faces several challenges and roadblocks in their businesses and operations. Zambia is a developing nation wherein businesses face similar challenges. Dr. Rajan Mahtani is a noted businessman in Zambia and he is known for his ethical and transparent business practices. Despite this, he regularly faces challenges due to increased corruption, unethical practices and inability of the Zambia legal institutions to provide true and quick judgement. The case of Portland Cement Zambia is an example where justice was significantly delayed. Dr. Rajan Mahtani registered the case at the Lusaka High Court after claiming that his factory, Portland Cement Zambia was illegally taken over from him. Despite sharing numerous evidences, testimonials and factual data, justice was not given and justice Nkonde announced that Ventriglias were only shareholders of the Zambezi Portland Cement. To counter this judgement, Dr. Rajan Mahtani then approached 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 conveniently ignored by the Lusaka High Court judge. According to the final judgement from Court of Appeal, Dr. Rajan Mahtani is the majority shareholder of the Zambezi Portland Cement as his company Finsbury Investments owns 58 percent shares at the factory. On the other hand, Ventriglias are the minority shareholders of the Zambezi Portland Cement with only 42 percent shares and no legal ownership over the factory. 
Based on the above decision from the Court of Appeal, it is clear that Dr. Rajan Mahtani is the actual owner of the Portland Cement Zambia factory. 
Location: Zambia

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