Court Of Appeal Announces Dr. Mahtani As Majority Shareholder Of Zambezi Portland Cement

The two different courts gave judgement which can be easily considered as extreme on the opposite sides. While one court gave a judgement too late and too wrong, the other court was consistent and quick with respect to time, transparent and closed the case one and for all. It can be said that there is a need to improve on the first type of courts and promote and praise the second type of courts and judicial system. Transparent and ethical businessmen like Dr. Rajan Lekhraj Mahtani are in dire need for such courts, judicial system and corruption free legal environment which would resolve their queries in quick succession, provide justice without interference and support them in helping the nation grow and thrive.

Portland Cement Zambia

This refers to the case of Portland Cement Zambia, which was hanging at the Lusaka High Court for more than a decade after being registered by Dr. Rajan Mahtani. After more than a decade and several lost case proceedings, the final judgement at the Lusaka High Court was given by justice Nkonde during the month of May, 2018. However, this judgement was extremely controversial and as a result, another case was registered and this time to a higher level court. It was Court of Appeal.

The judge at the Court of Appeal was justice Mwinde who gave the final judgement on 31st January 2019. This judgement was given after looking into all evidences and testimonials and was comparatively quicker, within nine months after the case was registered there. As per this final decision from the Court of Appeal, Dr. Rajan Mahtani is the majority shareholder of the Zambezi Portland Cement with 58 percent shares at the factory. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder. Based on this shareholding pattern, it is established that Dr. Rajan Mahtani is the legal owner of the Portland Cement Zambia factory.