- June 9, 2020
-- Dr. Rajan Lekhraj Mahtani is a noted businessman, philanthropist and charity worker in Zambia. For the past decade, Dr. Rajan Mahtani tirelessly fought for the legal takeover of the Portland Cement Zambia factory, a Portland-cement manufacturing factory which was illegally taken over from Dr. Mahtani. The first court which took up the case was Lusaka High Court. Surprisingly, the direction of the case was unusual considering the facts available. The final verdict came in the year 2017 and this was a controversial verdict as justice Nkonde on behalf of the Lusaka High Court announced Ventriglia family as the only shareholders of the Portland Cement Zambia.
Considering the decision to be misdirected and unethical, it was countered at the higher Court of Appeal. Majority of the evidences ignored by the Lusaka High Court were evaluated thoroughly by Court of Appeal judge Mwinde. On 31st
January 2019, the final judgement on the case was given. The first evidence was proof of transfer of one billion kwachas from Dr. Rajan Mahtani owned Finsbury Investments to Portland Cement Zambia limited. The second major evidence was details from the original shareholders' agreement which clearly established that Dr. Mahtani took over 58 percent shares of the Portland Cement Zambia factory with the monetary transfer.
Based on the above significant evidences, justice Mwinde finally gave the legal ownership of Portland Cement to Dr. Rajan Lekhraj Mahtani.
About Dr. Rajan Mahtani
Dr. Rajan Mahtani is a successful Zambian businessman with more than three decades of business experience. His companies have achieved major success in business and transparent business practices. Despite the challenges of the nation and economy, Dr. Mahtani continues to work for the welfare of the people.