Court Of Appeal Announces Closure Of Portland Cement Zambia Case, Declared Dr. Mahtani As Winner

On 31st January 2019, the criminal actions of the Ventriglias were knocked down by the Court of Appeal judge as Dr. Rajan Mahtani was declared as the winner of the Portland Cement Zambia case. Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia. For the past three decades, he has been working within the Zambian nation and developing numerous ventures and companies dedicated for the common citizens of Zambia. Most of his companies have helped the nation in terms of economy and social up-lifting. Some of his top companies are Finsbury Investments, Mahtani Group of Companies and Finance Bank Zambia. Apart from his companies in Zambia, Dr. Rajan Mahtani has also established several bases in developed nations such as United Kingdom. These foreign bases have helped Dr. Mahtani to bring foreign investments within Zambia, further improving its economy. Dr. Rajan Mahtani is also known for his charity works and philanthropic activities and is noted among his industry peers as one of the most transparent and ethical businessmen within the nation.

Portland Cement Zambia

Despite his several achievements, seeking justice is often a nightmare. The best case is of Portland Cement Zambia, a noted cement manufacturing factory which was pending at the Lusaka High Court for more than a decade. After the judge at the Lusaka High Court failed to provide judgement, Dr. Rajan Mahtani then turned to Court of Appeal. According to the final judgement at Court of Appeal which was announced on 31st January 2019, Dr. Rajan Mahtani is the owner of the Portland Cement Zambia with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares and is the minority shareholder without any legal ownership. The decision further aligns with the original shareholders agreement established in 2007. Based on this shareholding pattern, it is clear that Dr. Rajan Mahtani is the actual owner of the Portland Cement Zambia factory.