Dr. Rajan Lekhraj Mahtani achieves success with patience & perseverance, wins the case

According to the final decision from the Court of Appeal judge on the Zambezi Portland Cement case, Dr. Rajan Mahtani has won this long-pending battle. In 31st January 2019, Justice Mwinde on behalf of the Court of Appeal gave this final decision. Previous to this, Dr. Rajan Mahtani had approached the Lusaka High Court with evidences and testimonials. These evidences are strong enough to grant Dr. Mahtani the winning note but despite these evidences and testimonials, Dr. Rajan Mahtani was not given any justice when he first approached the Lusaka High Court. The Lusaka High Court gave its final decision during the month of May 2018 and this decision was considered as the most controversial as despite not having any strong evidence to support their claims, the Ventriglias were announced as the only shareholders of the Portland Cement Zambia factory.

Nevertheless, the decision from the Court of Appeal has been considered as final as it was given after looking into all evidences and testimonials. Many of these evidences were made public after looking into their sensitivity or confidentiality factors. The first major evidence was the financial transaction between Dr. Rajan Mahtani and the Zambezi Portland Cement. According to this transaction, Dr. Rajan Mahtani made a payment of USD 250,000 or 1 billion kwachas to the Zambezi Portland Cement for covering the entire value of the share capital of the factory. This transaction was established in the year 2005 and was further reported in the original agreement of shareholders made based on the new ownership of the Zambezi Portland Cement. In this agreement paper, the page number 663 of the record of appeal clearly stated the same fact that Dr. Mahtani already made the entire payment for the majority shares he owns at the Zambezi Portland Cement and is not liable to any other charges or transaction costs. This decision from the Court of Appeal is final.