Zambezi Portland Cement’s legal owner is Dr. Rajan Mahtani, confirms Court of Appeal

February 25, 2019

The Court of Appeal finally reveals the criminal and unethical intentions and gives proper justice to the long awaited Zambezi Portland Cement case. The case pertains to a cement-manufacturing factory which was being contested by two major business parties in Zambia. One of them is Dr. Rajan Lekhraj Mahtani, a noted businessman, philanthropist and charity worker from Zambia. He is known for several successful business ventures both within the nation as well as outside the nation such as in United Kingdom. On the other hand, the second contesting party was the Ventriglias, an infamous Italian family residing in Zambia. Dr. Rajan Mahtani claimed that the factory, Zambezi Portland Cement, belonged to him and was forcefully taken away from him. After this, a case was registered as the Lusaka High Court where it went for more than ten years. During this time, Dr. Rajan Mahtani shared numerous evidences such as signed shareholders agreement, financial reports as well as independent audit report conducted by an independent auditor which clearly stated that the factory was established as a joint venture partnership and Dr. Rajan Mahtani was the sole joint venture owner of the factory. Despite these strong evidences, the final judgement by the Lusaka High Court judge was given against Dr. Mahtani’s claimed. As per Justice Nkonde, judge from the Lusaka High Court, Ventriglias were only shareholders of the Zambezi Portland. However, this judgement was condemned publicly and Dr. Mahtani was forced to make another appeal to the Court of Appeal.

The judgement at Court of Appeal also revealed that the judge below him was wrong in declaring Ventriglias as majority shareholders without evidence. As per the latest judgement, Dr. Rajan Mahtani owned Finsbury Investments owns 58 percent shares and is majority shareholder of Zambezi Portland. On the other hand, Ventriglias owned Ital Terrazzo Limited owns 42 percent shares and is minority shareholder of the Zambezi Portland. This gives legal ownership over the factory to Dr. Rajan Mahtani.

African Summit 2017 Considered Grand Success, Dr. Rajan Mahtani Significant Financial Contributor

August 16, 2018

Developed nations are always conducting events and conferences for improving the decision making power of their industries and businesses as well as build innovation and bring creativity across their industrial and corporate environment. Developing and emerging nations have also started to follow suit and we can see numerous developing and emerging nations holding economic conferences and national summits on their own. These national summits provide significant platform for organisations, companies and industries to join together not only for improving their business portfolio and establish cross-industry contacts, but also for solving the critical questions and challenges gripping the nation.

The African Summit is a similar event which is held in Zambia annually. It is also among the biggest economic summits in Zambia wherein industrialists and corporations participate for sharing ideas, discussing about critical issues and challenges gripping the nation as well as build business and social contacts. The 2017 African Summit was a huge success, with participation from numerous industrialists including Dr. Rajan Mahtani. After its completion, the press secretary of the event released a press release, thanking Dr. Mahtani of his significant financial contribution that resulted in the success of the event. His contribution was free of any expectations and profit motive and he was also praised for his participation and grounded nature during the entire event. He also helped numerous young businessmen and entrepreneurs during the summit by sharing his wisdom and business expertise with them.

Dr. Rajan Mahtani has always been a true patriot and the actions and activities of his companies and himself are a proof that he is always thinking of the Zambian people and community before his personal profits or gain. Unlike other businessmen and charity workers who are mostly seasonal; Dr. Mahtani is a regular contributor to the society and will continue his contribution irrespective of his image and reputation.