Posts

Majority Shareholding Of Zambezi Portland Cement Goes To Dr. Mahtani, Confirmed By Court Of Appeal

Image
Better late than never. Dr. Rajan Mahtani has been patiently following this philosophy for the past ten years. For the past ten years, Dr. Rajan Mahtani patiently waited for true justice for the Zambezi Portland Cement. Despite the numerous shortcomings and flaws within the legal system of Zambia, faith was not lost. This is why Dr. Rajan Mahtani re-approached the Court of Appeal after the misdirected judgement from the Lusaka High Court. The Court of Appeal made its announcement on 31st January 2019. In this announcement, the decision was given after looking into the various evidences, testimonials and other data and information shared from both sides. Justice Mwinde was the judge giving the final decision. He announced that as per the information and the evidence, Finsbury Investment holds 58 percent shares at the factory and is the majority shareholder of the Zambezi Portland Cement. Finsbury Investments is an entity owned and run by Dr. Rajan Mahtani . On the other hand, I...

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 ...

The Court Of Appeal Rules Dr. Rajan Mahtani As Zambia Portland’s Majority Shareholder

Image
A major relief was given to Dr. Rajan Mahtani after years of waiting. He is a prominent businessman and philanthropist in Zambia and for the past ten years has been fighting for the legal takeover of Zambia Portland Cement. The Court of Appeal on 31st January, 2019 turned around the High Court Judgment conveyed by Justice Sunday Nkonde S.C., during May, 2018 which held that the Ventriglias were the main investors of Zambezi Portland Cement Limited. In a Judgment conveyed by Justice Mwinde Siavwapa in the interest of the Court of Appeal , which kept going around 90 minutes toward the beginning of today, Judge Siavwapa held that the Judge beneath had misled himself in law and actuality when he held that the Ventriglias were the main investors in Zambezi Portland. What this presently implies is that Finsbury Investments Limited is the greater part investor in Zambezi Portland Cement Limited with 58% offers while the Ventriglias possess 42% offers as the minority investo...

2012 Case Against Dr. Mahtani Was Motivated With Unethical Political Undertones, Claims Sc Judge

Image
Dr. Rajan Mahtani is a noted businessman, philanthropist, and charity worker in Zambia. Over the course of thirty years, Dr. Rajan Mahtani has established numerous successful businesses. Some of his top companies are Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He has been engaged in several charity activities and philanthropic contributions for the less privileged sections of the society. Despite these, Dr. Rajan Mahtani is often targeted and attacked by conspirators with vested interests. While conspiracies and attack on the business and reputation by competitors are common everywhere, it becomes out of the hand with corrupt and unethical practices. A similar incidence was revealed with the testimony by Supreme Court Justice Mumba Malila. According to the testimony, there is rampant corruption and unethical practices in Zambia. One of the major points in his testimony was related to the case of 2012 with Dr. Rajan Mahtani . In this case, the fi...

Testimony From Justice Malila Launches Investigation On 2012 Case And Wrongful Decision

Image
Zambia is a country that has seen various good and bad times in the previous couple of years. While the nation is endeavouring to enhance its monetary and social conditions with advancement of ventures, money related help and building up framework for the general public, there are various guilty parties who are overloading this advancement. The ongoing testimony from the Supreme Court Judge is a prime case of the deceptive practices that have infiltrated even the greatest government workplaces including the courts and legitimate framework inside Zambia. In this declaration , Justice Mumba Malila has expressed a few episodes and issues of debasement and unlawful works on progressing inside the country. Among the few declarations, one critical detail was identified with the instance of 2012 with Dr. Rajan Mahtani. Dr. Mahtani is a prominent businessperson with over three many years of business involvement in Zambia. Dr. Mahtani is likewise known for his few generous exer...

Lusaka High Court Judge Gives Conflicted Verdict On Portland Cement, Dr. Mahtani Takes Action

Image
The instance of Portland Cement Zambia is known to all. It is a case for the lawful takeover of the cement manufacturing production line which is owned by Dr. Rajan Mahtani. The case was first enlisted by Dr. Mahtani himself with the goal that any lawful implications can be maintained a strategic distance from further. Tragically, the present peace arrangement of Zambian government is constrained with different difficulties, for the most part smugness and defilement. This can be credited to the long pendency of the case, which has extended to just about 10 years now. Amid this long-pending preliminary of the case, Dr. Mahtani and his legal advisors presented various records and confirmations to demonstrate his case. Among these were consented to investor's arrangement, monetary displays, archives demonstrating his speculations of more than USD 12 million on the industrial facility, tributes from basic individuals related with the manufacturing plant and in addition ...

Dr. Rajan Mahtani To Take The Matter Of Portland Cement Zambia To Higher Courts

Image
Portland Cement Zambia is a cement manufacturing organization with numerous awards under its name. Amid its greatness days, it was one of the greatest concrete makers in Zambia and was likewise known for paying above-industry normal pay rates and wages to its representatives and workers. Notwithstanding, things changed when the manufacturing plant was wrongfully assumed control from its genuine proprietor, Dr. Rajan Lekhraj Mahtani. In this way begun one of the greatest court struggled for Dr. Mahtani. The case is over ten years of age. At some point back, the current judge dwelling the case declared conclusion of case hearing and the two gatherings were requested to share their evidences in composed and oral configuration. In the wake of assessing these confirmations, the judgment should be given. According to specialists' recommendation and the confirmations gave, Dr. Mahtani was an unmistakable champ. In any case, things took a pivot when the judge gave the judgm...