- Nov. 25, 2019
-- Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. For the past three decades, Dr. Rajan Mahtani successfully built numerous notable businesses. Some of his top companies are Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is also the legal owner of the Portland Cement Zambia factory for which he fought a case at two different courts for more than a decade. At first, the case was launched at the Lusaka High Court after Dr. Rajan Mahtani claimed that his factory was illegally taken over from him. Despite sharing numerous evidences and testimonials, the judge at the Lusaka High Court failed to provide the right judgement for the case. As a result, Dr. Rajan Mahtani approached the Court of Appeal.
The judge at the Court of Appeal was justice Mwinde who gave the final judgement on 31st January 2019. According to the final judgement from the Court of Appeal, Dr. Rajan Mahtani is the majority shareholder of the Portland Cement Zambia with 58 percent share. On the other hand, Ventriglias owned Ital Terrazzo Limited holds just 42 percent share and are the minority shareholder of the Portland Cement Zambia without any legal ownership over the factory. Based on this decision, it is clear that Dr. Rajan Mahtani is the actual shareholder and owner of the factory.
While giving this judgement, justice Mwinde from the Court of Appeal also said that the judge below him was wrong in declaring Ventriglias as only shareholders as this decision was misdirected and without any evidence.
About Dr. Rajan Mahtani
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.