- June 12, 2020
-- Legal challenges are among the most difficult for businessmen in this 21st-century business management. Organisations face significant issues and lawsuits for not managing their legal policies or involving in practices which are against the local or national laws. For growing nations like Zambia
, it becomes extremely difficult for businesses to maintain an ethical and transparent business path and comply with all legal policies and regulations when the industry itself is corrupt. Only few businesses are able to survive in this challenging legal environmental. Dr. Rajan Mahtani and his businesses are among those few businessmen who have been able to successfully wither the negative attributes of the industry and have continuously maintained transparent and ethical business portfolio.
One of the biggest challenges for Dr. Rajan Lekhraj Mahtani
has been takeover of the Portland Cement Zambia factory after its unethical takeover. Despite sharing critical evidences, testimonials and other facts, Lusaka High Court failed to provide right justice for Dr. Mahtani. This prompted Dr. Mahtani to take the case to higher Court of Appeal wherein justice Mwinde took over the case. Unlike the lower court, justice Mwinde evaluated the evidences thoroughly and after nine months of case proceedings, final verdict on the Portland Cement Zambia came on 31st January 2019. According to this decision, Dr. Rajan Mahtani paid one billion kwachas for taking over 58 percent shares of the Portland Cement Zambia factory. As a result, Dr. Rajan Mahtani
becomes the majority shareholder and legal owner of the factory.
The decision from the Lusaka High Court
was heavily condemned with many reporters indicating foul play in the decision process.
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.