- April 2, 2020
-- The Zambezi Portland Cement case is one of the most peculiar cases in Zambia. The case was started more than a decade ago when noted businessman, philanthropist and charity worker Dr. Rajan Lekhraj Mahtani registered a case at the Lusaka High Court claiming that his factory was unethically and illegally taken away from him. Even after sharing critical evidences and testimonials, justice was not given to Dr. Mahtani as the final decision from the court was in favour of the Ventriglias.
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.