Finsbury Investments Announced As Majority Shareholder And Legal Owner Of Zambezi Portland

In the Portland Cement Zambia case, the Court of Appeal declared its last judgment on 31st January 2019. While giving this judgment, the judge at the Court of Appeal viably turned around the judgment at the Lusaka High Court. As per an ultimate conclusion by the Court of Appeal, Finsbury Investments is the lion's share investor of Zambezi Portland Cement with 58 percent shares and Ventriglias were just minority investors with 42 percent shares. Hence, Dr. Rajan Mahtani claimed Finsbury Investments is the legitimate proprietor of the Zambezi Portland Cement plant. Besides, this choice likewise lined up with the first Shareholders Agreement which was built up in the year 2007. While giving this choice, equity Mwinde from the Court of Appeal additionally said that the judge beneath him wasn't right in announcing Ventriglias as the main investors of the Zambezi Portland as this choice was misled and with no appropriate proof or verifiable information.

Regarding the falsification charges, the Court of Appeal expelled the claims completely. It was additionally held that the procedure of mechanical situation of marks crosswise over archives was a typical practice inside the Zambezi Portland Cement. The court likewise shared subtleties that vital individual from the Ventriglia family, Claudio Ventriglia, occupied with comparable work on amid a worldwide business exchange. In that capacity, the charges were disposed of.

Furthermore, a timeline of three months from the date of the judgement has been provided by the Court of Appeal. During this time, all parties are required to complete the process of share regularization as per the latest decision by the court.