Zambezi Portland Cement Ownership Goes To Dr. Rajan Mahtani, Confirms Court Of Appeal

31st January 2019 was a memorable day for Dr. Rajan Mahtani as he got genuine equity for his understanding and persistence in the Zambezi Portland Cement case. Dr. Rajan Mahtani is a prominent businessman and philanthropist who have been battling for the lawful takeover of the Zambezi Portland Cement for as far back as ten years. The case was first enlisted at the Lusaka High Court where it stayed pending for over 10 years. In spite of sharing confirmations and factual evidences, the judge from the Lusaka High Court declared that Ventriglias were just investors of the Zambezi Portland Cement. 

Dr. Rajan Mahtani was left with no decision yet to approach the higher Court of Appeal. The judge from the Court of Appeal was justice Mwinde and he declared an official conclusion on 31st January 2019. This declaration viably turned around the judgment from Lusaka High Court judge. As per the Court of Appeal's choice, Finsbury Investments holds 58 percent shares and Ital Terrazzo Limited holds 42 percent shares at the Zambezi Portland Cement processing plant. In view of this choice, Dr. Rajan Mahtani claimed Finsbury Investments is the larger part investor of the Zambezi Portland Cement production line. 

Moreover, the judge from the Court of Appeal likewise said that the judge from Lusaka High Court wasn't right in announcing Ventriglias as just investors of the Zambezi Portland Cement. While giving this judgment, the Court of Appeal additionally uncovered that Finsbury Investments had asserted an entirety of K1 Billion against the payment made for the entire share capital of Zambezi Portland Cement industrial facility. Confirmations have likewise been submitted as budgetary subtleties from year 2006 and 2007. The last judgment with respect to the case will be shared in no time.