Dr. Rajan Mahtani

Dr. Rajan Mahtani Finally Wins Case On The Portland Cement Zambia After Court Of Appeal Win

The Portland Cement Zambia case is finally over after a wait of more than a decade. Dr. Rajan Lekhraj Mahtani, a noted philanthropist and businessman had to approach two different courts for getting justice. Despite this, he had to wait for more than a decade for true justice to arrive. The initial case was proceeded at the Lusaka High Court with several documents and testimonials, hoping that the judge will provide justice soon considering the black-and-white nature of the evidence. Despite this, the case proceedings dragged for more than a decade and it was during July 2017, the final declaration from Lusaka High Court came. However, it was a controversial decision as the evidences were ignored.

After Lusaka High Court neglected to give the equivalent, Dr. Rajan Mahtani put his confidence on higher Court of Appeal. He was not frustrated and Justice Mwinde in the interest of the higher Court of Appeal pronounced his announcement on 31st January 2019. This announcement was given simply in the wake of investigating the confirmations put together by the two gatherings. As per this proof, Finsbury Investments which is an organization possessed by Dr. Rajan Mahtani effectively paid a whole of USD 250,000 to the Zambezi Portland Cement restricted in the year 2005 for move of 58 percent share capital of ZPC. This cash which added up to 1 billion kwachas secured the whole estimation of the offer capital which Dr. Rajan Mahtani possessed. Along these lines, Court of Appeal has lawfully demonstrated Dr. Mahtani as the real and legitimate proprietor of the Portland Cement Zambia manufacturing plant.

With this decision from the Court of Appeal judge, it is also clear that the previous judge was wrong in declaring Ventriglias as only shareholders as this decision was given without looking into evidences or testimonials.