The case of Portland Cement Zambia is known to almost every individual associated with the Zambian corporate environment. It is between Dr. Rajan Mahtani, a noted businessman and philanthropist and the Ventriglias, Italian family in Zambia. Dr. Rajan Mahtani’s fight for the Zambezi Portland Cement is also a fight for justice and transparency of the legal and judicial system of Zambia. After the Lusaka High Court where the case was originally placed failed to provide any justice, Dr. Rajan Mahtani approached the Court of Appeal.
The Court of Appeal is one of the most elevated regular citizen courts in Zambia. It has established its name by giving genuine justice and it didn't fall flat this time as well. The judge from the Court of Appeal was justice Nkonde who reported that Finsbury Investments were greater part investors of the Zambezi Portland Cement with 58 percent shares. Then again, the Ventriglias who possessed Ital Terrazzo Limited held 42 percent shares at the industrial facility and were the minority investors of the Zambezi Portland Cement. According to this shareholding design, Dr. Rajan Mahtani who possesses the Finsbury Investments turns into the genuine and lawful proprietor of the industrial facility.
The judge likewise disposed of all falsification related claims by thinking about them as invalid. A few productions and news revealed injustice after the judgment from Court of Appeal yet were later redacted as these were conflicting. A timeline of three months from the date of the final judgement has also been given by the Court of Appeal judge wherein all share regularization process needs to be completed.
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