Dr. Rajan Mahtani Announced Winner Of Portland Cement After Court Of Appeal Announcement

The Portland Cement Zambia case is one of the longest pending cases for Dr. Rajan Mahtani. It was Dr. Rajan Mahtani who registered a case at the Lusaka High Court claiming that his factory was illegally taken over from him. Despite sharing numerous evidences and testimonials, the judge at the Lusaka High Court failed to provide any justice. The judge at the Lusaka High Court was justice Nkonde and he announced that Ventriglias were only shareholders of the Portland Cement Zambia factory. It was clear that this decision was misdirected 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 associated with the case. As per this final decision, 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 shareholder 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. Based on this decision, it is clear that Dr. Rajan Mahtani is the actual owner of the factory. 

By giving this decision, Court of Appeal judge effectively reversed the judgement from the Lusaka High Court. Justice Mwinde from 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. 
Location: Zambia

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