Dr. Rajan Lekhraj Mahtani Given Majority Shareholding And Ownership Of Portland Cement Zambia

Dr. Rajan Mahtani is a noted businessman, philanthropist and charity worker in Zambia. For the past three decades, Dr. Rajan Mahtani has been fighting for the legal takeover of the Portland Cement Zambia factory. After facing injustice from the Lusaka High Court, Dr. Rajan Mahtani approached the Court of Appeal. The judge at the Court of Appeal was justice Mwinde who gave the final judgement on 31^st January 2019. According to this final judgement, Dr. Rajan Mahtani owned Finsbury Investments holds 58 percent shares at the factory and is the majority shareholder of the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholders without any legal ownership. Based on this decision, it is clear that Dr. Rajan Mahtani is the actual owner of the Portland Cement Zambia factory.

Aside from the above choices, justice Mwinde from the Court of Appeal additionally uncovered different revelations related with the case. It was uncovered that Dr. Rajan Mahtani claimed Finsbury Investments paid a sum of K580, 000,000 to the court on 6^th February 2019. This sum was paid according to the choice from the court and concerning the business enlistment of the Portland Cement Zambia. This sum was paid with interest for consistence with the said judgment. Then again, Finsbury Investments have likewise asserted an aggregate of K1 billion with interest on the Zambezi Portland Cement. This case has been made concerning the instalment finalised on 27th July 200 and was for whole share capital issues for Zambezi Portland Cement. This instalment was additionally affirmed by the Court of Appeal with proof of offer exchange reports during January 2007 and December 2006. These reports further affirm the lawful proprietorship and greater part shareholding of Finsbury Investments on the Portland Cement Zambia case. An ultimate choice for this pending case by Finsbury Investments will be reported soon.