Zambezi Portland Cement

Dr Rajan Mahtani

Multimillion-Pound Damage Claim By Dr. Mahtani Against Bob Diamond

Dr. Rajan Lekhraj Mahtani is one of the most famous and well-known businessman in Zambia. Recently, Dr. Mahtani named Bob Diamond and his former company Atlas Mara in a claim which included non-payment of dues. Atlas Mara is a banking group which was established by Bob Diamond, former CEO of Barclays. The dispute that came to light was associated with purchase of one Zambia-based bank.

Dr. Rajan Lekhraj Mahtani is a noted business tycoon from Zambia. Recently, Dr. Mahtani claimed that LSE (London Stock Exchange) listed firm Atlas Mara breached the contractual terms of share sales & purchase agreement established when the company tool legal control of the Finance Bank Zambia in the year 2015. To further the claim, Dr. Mahtani recently hired Omnia Strategy for bringing the case to London High Court. Omnia Strategy is a legal firm by the famous Cherie Blair. While the banking venture Atlas Mara has discredited the claim by considering it without merit, Dr. Rajan Mahtani is confident as he says he has the right documents and evidences to support his claim.

The case came to light when Atlas Mara has continued its retreatment from Africa by selling its business parts to the Access Bank. Atlas Mara was floated in the year 2013 by Bob Diamond with the objective of creating a banking giant across Africa. The plan further marked the return of Bob Diamond to Zambian city after his resignation as CEO of Barclays during the 2012 Libor-rigging scandal.

According to the claim established by Dr. Rajan Mahtani, Bob Diamond still owes Dr. Mahtani money from sale of the Finance Bank Zambia. Just like Dr. Mahtani, several other investors have made claims pursuing damages worth 100 million pounds. Dr. Mahtani’s claims comes as Bob Diamond attempts yet another comeback, this time with Space-listing worth a USD 4.5 billion of his cryptocurrency venture./p>

Dr. Rajan Lekhraj Mahtani is hopeful that the London High Court with take up this case with utmost sincerity and will provide quick judgement for his appeal.

Dr Rajan Mahtani

SC Ends All Speculations Related To Portland Cement Ownership

Finsbury Investments identifies itself as a wholly-owned Investment company in Zambia. It is owned and managed by prominent businessman Dr. Rajan Mahtani, holding the position of Executive Chairman. Finsbury Investments took over majority shareholding and legal ownership of the Portland Cement Zambia limited through several restructuring processes. Based on an original shareholding agreement, the final shareholding pattern included 58 percent shares to Dr. Mahtani owned Finsbury Investments and 42 percent shares to Ventriglia-owned Ital Terrazzo Limited. Even though this share restructuring was accepted at first, the Ventriglia family decided to play another game. After Finsbury Investments secured the required loan from PTA as well as funds from several financial organizations, the authenticity of the shareholding agreement was questioned. This resulted in a case at the Lusaka High Court. Despite having all evidences and testimonials, the case not only dragged for more than a decade but also resulted in a controversial verdict.

Dr. Mahtani then approached the higher Court of Appeal with the objective of receiving justice. This time, his plea was heard and justice Mwinde announced Dr. Mahtani owned Finsbury Investments as the majority shareholder and legal owner of the Portland Cement Zambia factory. It seems like the Ventriglia family was extremely unhappy with this decision and proceeded towards launching another appeal, this time at the Supreme Court Zambia. It can be said that the attempt by the Ventriglia family to reach Supreme Court was their last resort. Nevertheless, the Supreme Court established a bench of three SC judges for evaluating the claim and found it to be misleading. It was found that the Ventriglia family was required to submit its claim within 14 days of the Court of Appeal’s judgement. However, the appeal was made after more than 1.5 years of the Court of Appeal. After proper evaluation, the Supreme Court Zambia came to the conclusion that the claim holds no ground and should be rejected.

The Claim Against Higher Court Of Appeal’s Decision On Portland Cement Rejected By SC

Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. He is the owner of several top companies in Zambia, including Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. During the period of 2006-2007, Finsbury Investments took over majority shareholding and legal ownership of the Portland Cement Zambia, a cement-manufacturing factory. Despite the establishment of an original shareholders agreement, the factory was unethically taken over by the Ventriglia family. Against this, Dr. Rajan Mahtani registered a case at the Lusaka High Court with the hopes of getting quick judgement. However, the Lusaka High Court failed to provide justice and announced the Ventriglias as the only shareholders of the Portland Cement Zambia.

After this decision, The Ventriglia family decided to challenge it by approaching the Supreme Court Zambia. A bench of threeSupreme Court Judges was established and several inconsistencies in the appeal by the Ventriglia family were found. First, the Ventriglia family failed to submit their claim within 14 days of the Court of Appeal’s decision and registered their claim at the Supreme Court Zambia only after 1.5 years. This clearly violates the legal and technical requirement for registering a case against a previous court decision. This issue only makes the appeal by the Ventriglia family liable for rejection. Furthermore, the Supreme Court bench also found that the circumstances surrounding the case by the Ventriglia family were controversial. As such, the Supreme Court bench declared that this appeal made by the Ventriglia family was beyond their jurisdiction and cannot be treated as an acceptable case. After much review and discussion, the Supreme Court bench gave the verdict on the claim by the Ventriglia family. It was effectively rejected by the Supreme Court Zambia due to lack of evidences as well as legal and technical qualifications. This means the legal ownership of the Zambezi Portland Cement factory remains with Dr. Rajan Mahtani.

Dr. Rajan Mahtani

Supreme Court Rejects Appeal To Change Decision Of Court Of Appeal On Zambezi Portland

The latest announcement from the Supreme Court Zambia can be considered as a fair end to the long-sustained episodes of blatant criminality within the Zambezi Portland Cement’s business. Dr. Rajan Lekhraj Mahtani, for a long-time, fought for the legal ownership of the Portland Cement Zambia. It was not the Lusaka High Court but the higher Court of Appeal that gave true justice to him and his long-standing patience.

Finsbury Investments is an investment organization owned by Dr. Rajan Mahtani. Zambezi Portland Cement is a Portland cement-manufacturing factory which was established in the year 2004 and since then, underwent several re-organizations. The most-important re-organization was the joint changes made to its shareholding pattern. Dr. Rajan Mahtani owned Finsbury Investments was given 58 percent shares of the factory, making him the majority shareholder and legal owner of the factory. On the other hand, the Ventriglias owned Ital Terrazzo Limited was given 48 percent shares. The changes were critical for obtaining loans from PTA bank as well as assigned financial institutions so that the plant’s construction can be completed. After the legality of the shareholding changes were established with the stakeholders’ register, the PTA released money. Based on these, PACRA made the effective changes.

However, things took a disruptive turn when the Ventriglias started using their political and legal lobbying for taking control of the Zambezi Portland Cement. They were able to successfully persuade the Lusaka High Court judge to give control of the Zambezi Portland Cement to them only. However, the second appeal made to the higher Court of Appeal successfully reversed this unethical decision from the higher Court of Appeal.

After more than a year, the Ventriglias again tried their luck by approaching the Supreme Court Zambia, challenging the decision of the higher Court of Appeal. However, the Supreme Court Zambia has effectively rejected this claim from the Ventriglias and Dr. Mahtani remains the truthful owner of the Portland Cement Zambia.

After Several Years Of Court Battle And False Judgement, Dr. Rajan Lekhraj Mahtani Owns Pcz Factory

Portland Cement Zambia is a factory that has remained a favourite for Dr. Rajan Mahtani for a long time. This can be easily seen from the fact that Dr. Rajan Mahtani invested significant time, resources and finances for getting back ownership of the cement factory. According to Dr. Rajan Mahtani’s claims, the factory was unethically taken over from him by force and for the past one decade, he fought a brutal battle at several courts. First it was Lusaka High Court where the case was initially registered. Despite having all evidences and testimonials, the judge at the Lusaka High Court failed to provide the right decision for the Portland Cement Case even after dragging the case for more than ten years. The final decision, which was given during the month of May in 2018, was controversial as it announced Ventriglias as only shareholders of the Portland Cement.

Despite this announcement, there was no improvement in the condition of the Portland Cement factory which was under seize for more than a decade and saw a sharp decline in its overall productivity and performance. Dr. Rajan Mahtani’s attachment with the factory led him to re-appeal the case to the higher Court of Appeal. The judge at the higher Court of Appeal was justice Mwinde who gave the final decision on 31st January 2019. According to this decision, Dr. Rajan Lekhraj Mahtani was rightly announced as the majority shareholder and legal owner of the factory with 58 percent shares. These findings were supported by evidences. A major evidence supporting the verdict was the payment made by Dr. Mahtani of one billion kwachas to the Zambezi Portland which covered the entire value of share capital owned by Dr. Mahtani. Other evidences like original shareholders agreement also supported the judge in making the final evidence which concluded that Dr. Rajan Mahtani is indeed the actual owner of the factory.

Dr. Rajan Lekhraj Mahtani Is The True Owner Of ZPC In Legal Terms, Announces Court of Appeal Judge

The salient points associated with the final judgement in higher Court of Appeal associated with the Zambezi Portland Cement case reveals several interesting facts about the case which were largely hidden from the public. These details shared with the public and media and revealed the questionable judgement by the Lusaka High Court judge. The judge at the Lusaka High Court in the month of May, 2018 announced that Ventriglias were only shareholders of the Portland Cement Zambia. It is clear that this judgement was wrong and as a result, higher Court of Appeal was approached by Dr. Rajan Lekhraj Mahtani.

On 31st January 2019, justice Mwinde on behalf of the Portland Cement Zambia gave his final decision on the case. Various salient points were made while giving this final decision on the case. One of the major evidences was the financial exchange between Dr. Rajan Lekhraj Mahtani and Zambezi Portland Cement limited. According to this document, in the year 2005, Dr. Rajan Mahtani owned Finsbury Investments made a payment of one billion Kwachas which is equivalent to USD 250,000. This payment covered the value of the entire share capital associated with Zambezi Portland Cement. Furthermore, the details of this transaction were further confirmed in the original Shareholders’ agreement dated 26th February 2007. According to the page number 663 of this document, it was clearly identified that Dr. Rajan Lekhraj Mahtani made the entire payment for the 58 percent shares at the factory and does not owe any further costs associated with the takeover. Based on this critical evidence, it is clarified that Dr. Rajan Mahtani is the actual owner and majority shareholder of the Portland Cement Zambia factory.

Now that Dr. Rajan Mahtani is announced as owner of the factory, his next big challenge will be to successfully revive this factory.

Dr. Rajan Mahtani’s win at Court of Appeal

Dr. Rajan Mahtani’s win at Court of Appeal comes after significant challenges & roadblocks

Dr. Rajan Lekhraj Mahtani has finally won the curious and dragged case of Zambezi Portland Cement. However, this win comes after a lot of patience, sacrifice and loss for Dr. Rajan Mahtani. The Zambezi Portland Cement case was originally registered at the Lusaka High Court by Dr. Rajan Mahtani after claiming the illegal takeover of the factory. During the initial case proceedings only, the lawyers from Dr. Rajan Mahtani’s end shared all evidences and documents that were more than enough to prove his legal ownership over the factory. However, almost all of these evidences were ignored and the case ultimately dragged for more than a decade. There goes the patience. After that Dr. Rajan Mahtani rightly approached the higher Court of Appeal for justice.

Justice Mwinde on behalf of the higher court of Appeal announced final decision on 31st January 2019. This judgement was quick and was given within a time period of around nine months from re-appealing to the Court of Appeal. Therefore, it can be said that patience and perseverance of Dr. Mahtani paid off ultimately. On behalf of the Court of Appeal, justice Mwinde declared that Dr. Rajan Mahtani paid one billion kwachas or USD 250000 to the ZPC limited which covered the total value of share capital which Dr. Mahtani took over. The documents presented by the lawyers including the shareholders’ agreement of 2007 further confirmed this financial transaction and also clarified that Dr. Mahtani was not liable to any further costs which may occur.

However, all these came a little too late for Dr. Rajan Mahtani as the condition of the Zambezi Portland Cement after it was rightly handed over to Dr. Mahtani is miserable. The factory production has diminished significantly and the factory suffered significant loss. This is a loss for Dr. Rajan Mahtani too but he is positive that with hard work and patience he will be able to bring the factory back to its former glory.

Dr. Mahtani and Zambia

With heaps of evidences, Dr. Rajan Lekhraj Mahtani declared winner of the Zambezi Portland Case

There are individuals who engage in philanthropic activities only with the objective of gaining followings or establishing a positive perception among media and public. However, only few individuals are present who engage in these activities only in private for the welfare of the public. Dr. Rajan Lekhraj Mahtani is among those few businessmen in Zambia who is not only considered as among the most ethical and transparent business person in Zambia but is also noted for his charitable and philanthropic activities which often go unnoticed due to lack of publicity or any highlights. During his long business career in Zambia as well as other major nations such as United Kingdom, Dr. Mahtani has provided social, financial and economic relief to the local communities in various ways. Be it his charity activities for improvement of correctional centres in Zambia, donations to NGOs and environmental agencies as well as establishing businesses and ventures for providing employment opportunities to the local communities. Dr. Mahtani has always focussed on the people and their benefits before thinking of his own and his organisations. Despite this, majority of the organisations under the ownership of Dr. Rajan Mahtani have remained profitable since their inceptions. This has been possible by good management of people, increased motivation and therefore increased productivities.

The case of Portland Cement Zambia is same as it was established and run by Dr. Rajan Lekhraj Mahtani and achieved significant milestones under his leadership. After its unlawful takeover, Lusaka High Court was approached but the court failed to provide judgement despite dragging the case for more than a decade. However, Court of Appeal gave quick and accurate judgement on 31st January 2019 after looking into evidences like original shareholders agreement, financial transaction of 1 billion kwachas between Dr. Mahtani and Zambia Portland Cement and many more. Now the ownership of Zambezi Portland is final, the next step for Dr. Mahtani will be revamping the factory.

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.

After A Decade Of Patient Wait, Dr. Mahtani Is Announced As Majority Shareholder Of Portland Cement

Patience and determination are two major aspects which businessmen must possess, in order to go through various business challenges and staying relevant within the industry. At the same time, there are only a few businessmen who are able to carry out their businesses in an ethical, honest and transparent manner. Dr. Rajan Lekhraj Mahtani is one such businessman who has been defying all odds and has been able to establish successful businesses while staying within ethical boundaries of businesses. As a result, he is one of the few businessmen in Zambia who has gained a positive reputation due to his honest business practices.

For the past one decade, Dr. Rajan Lekhraj Mahtani patiently fought for the legal takeover of his factory, Portland Cement Zambia. The case was registered at Lusaka HC and was dragged for over ten years due to the various shortfalls and issues within the justice system. During this time, several evidences and testimonials were shared, and final decision was given by justice Nkonde. However, this decision which came during the month of May, 2018 shocked nearly everyone as it confirmed Ventriglias and not Dr. Mahtani as the legal owner of Portland Cement.

This misdirected decision was quickly countered by Dr. Mahtani at the Court of Appeal. Further, evidences were shared, and testimonials were given, and the Court of Appeal announced final judgement on 31st January 2019. Based on this decision, it was confirmed that majority shareholding of the factory goes to Dr. Mahtani as his company Finsbury Investments owns 58 percent shares of the factory. Similarly, the Ventriglias are liable for only 42 percent shares at the factory and therefore, own minority shareholding and do not possess any legal ownership on Portland Cement.

This decision from Court of Appeal clearly established the fact that Lusaka High Court was wrong in declaring Ventriglias as only shareholders.