Wednesday 28 August 2019

Court Of Appeal Announced Final Decision On Portland Cement Zambia, Dr. Mahtani Announced Winner

Patience and perseverance can never go wrong, which was proved by the final outcome of the Portland Cement Zambia case at the Court of Appeal. Dr. Rajan Mahtani is a prominent businessman in Zambia with various effective organizations in Zambia. A portion of these organizations are Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is likewise the legitimate proprietor of Portland Cement Zambia, a concrete assembling industrial facility for which he battled for over 10 years. The instance of Portland Cement Zambia was enrolled first at the Lusaka High Court and an ultimate choice came ten years after. The judge at the Portland Cement Zambia was Justice Nkonde who gave a very disputable judgment by declaring that Ventriglias were only shareholders of the Zambezi Portland Cement. 


After this dubious judgment, Dr. Rajan Mahtani moved toward Court of Appeal which gave its judgment on 31st January 2019. This judgment was given by justice Mwinde in the wake of investigating all confirmations and evidences. According to this choice, Dr. Rajan Mahtani possessed Finsbury Investments is dominant part investor of the Zambezi Portland Cement with 58 percent shares. Then again, Ventriglias possessed Ital Terrazzo Limited holds 42 percent shares and is the minority investor of the Zambezi Portland Cement. In view of this shareholding pattern, obviously Dr. Rajan Mahtani is the legitimate proprietor of the Zambezi Portland Cement processing plant. 

Moreover, the judge at the Court of Appeal disposed of all forgery related claims by accounting them to be without any basis. It was discovered that the procedure of precisely setting marks was a typical practice in Zambezi Portland Cement and all things considered, the fraud charges were invalid.