Final Decision Announced By Court Of Appeal, Dr. Rajan Mahtani Given Legal Ownership Of PCZ

Final announcement on PCZ was announced by the Court Of Appeal Judge after a long wait and the according to the decision the majority of the shares belongs to Dr. Rajan Mahtani and he is the real owner of PCZ.
By: Dr. Rajan Mahtani
 
LUSAKA, Zambia - Sept. 9, 2019 - PRLog -- Dr. Rajan Mahtani is a noted businessman in Zambia who has been fighting for the legal ownership of the Zambezi Portland Cement factory for a long time. The case was initially launched at Lusaka High Court by Dr. Rajan Mahtani himself. However, the judge at the Lusaka High Court made a controversial judgement by announcing that Ventriglias are the only shareholders of the Zambezi Portland Cement. As a result, Dr. Rajan Mahtani was left with no option but to approach the higher Court of Appeal.

The judge at the Court of Appeal was justice Mwinde who gave the final announcement on the case on 31st January 2019. As per this judgement, Dr. Rajan Mahtani owned Finsbury Investments is majority shareholder of the Zambezi Portland Cement with 58 percent shares. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent shares at the factory and is the minority shareholder without any legal ownership. Based on this shareholding pattern, it is clearly established that Dr. Rajan Mahtani is the legal owner of the Zambezi Portland Cement factory.

While giving this judgement, justice Mwinde from the Court of Appeal also confirmed that the decision aligned with the original shareholders agreement which was established in the year 2007. Furthermore, Court of Appeal also condemned the judgement by the Lusaka High Court judge by considering it misdirected and against the interest of the public policies. At the same time, Finsbury Investments by Dr. Rajan Mahtani has also made an appeal at the Court of Appeal in which it has claimed a sum of K1 billion with interest against payment made for entire share capital issues for Zambezi Portland Cement. The results for this will be announced soon.

About Dr. Rajan Mahtani

Website: http://www.drrajanmahtani.com/

Dr. Rajan Lekhraj Mahtani is a noted business with many successful businesses under his name, including Mahtani Group of Companies and Finsbury Investments. He is also a noted philanthropist and charity worker in Zambia. He has dedicated most of his life towards starting many development projects across, resulting in the growth and development of Zambia's economy.
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Source:Dr. Rajan Mahtani
Email:***@gmail.com
Tags:Rajan Mahtani
Industry:Business
Location:Lusaka - Lusaka - Zambia
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