Dr. Rajan Mahtani Has Been Finally Announced As Legal Owner Of Portland Cement Zambia

Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia. For the past three decades, Dr. Rajan Mahtani fought for the legal takeover of the Portland Cement Zambia factory, a noted cement-manufacturing factory which was illegally taken away from him. Despite sharing several evidences and testimonials, Dr. Rajan Mahtani was not given justice at the Lusaka High Court. The judge at the Lusaka High Court was justice Nkonde who gave the final judgement during the month of May, 2019. According to this final decision, Ventriglias were announced as only shareholders of the Portland Cement Zambia factory. It was evident that this decision was biased and as a result, Dr. Rajan Mahtani 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 previous court. According to the final decision of the Court of Appeal, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and are the minority shareholders without any legal ownership over the factory. This decision from the Court of Appeal aligns with the original shareholders agreement established in the year 2007, further confirming the legal ownership of Dr. Rajan Mahtani over Portland Cement Zambia. 

The judge at the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders as this decision was misdirected and without any evidence.

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