Decision From Higher Court Of Appeal Final, Dr. Rajan Mahtani Gets Back Portland Cement
The judge at the Court of Appeal was justice Mwinde who announced the final verdict on 31st January 2019.
By: Dr. Rajan Lekhraj Mahtani
To counter this misdirected judgement, Dr. Rajan Lekhraj Mahtani then approached the Court of Appeal. The judge at the Court of Appeal was justice Mwinde who announced the final verdict on 31st January 2019. This announcement was given after around nine months of case proceedings at the higher Court of Appeal, much lesser than the timeline of one decade for the previous judge. Justice Mwinde announced that Dr. Mahtani paid a sum of one billion kwachas in the year 2005 to the Zambezi Portland Cement limited which covered the entire value of the share capital for the company. Furthermore, the court also opened up to the fact that in the year 2007 the original agreement between the shareholders are established and it was clearly written that Dr. Rajan Lekhraj Mahtani had made all payments associated with this agreement.
While all these evidences clearly confirmed that Dr. Rajan Mahtani is in fact the actual owner and majority shareholder of the factory, the judge from the higher Court of Appeal also said that the judgement given by the Lusaka High Court judge was unethical.
About Dr. Rajan Mahtani
Dr. Rajan Lekhraj Mahtani is one of the most successful businessmen in Zambia. He is a serial entrepreneur and is known to contribute towards the growth and development of the Zambian society.