Supreme Court Zambia Considers Appeal By The Ventriglias On Portland Cement As Invalid

The Supreme Court of Zambia recently threw out an appeal made by the Ventriglia family. Read More..
By: Dr. Rajan Mahtani
LUSUKA, Zambia - Dec. 9, 2020 - PRLog -- The Ventriglia family is one of the most notorious families in Zambia, known for their unethical practices and influencing businesses and government for their personal profits. At the same time, the personal and professional feud of the Ventriglias with Dr. Rajan Lekhraj Mahtani is also known by all. Dr. Rajan Mahtani is one of the most renowned businessman in Zambia and despite this, his fight for justice seems to be never over. Ventriglias family and Dr. Rajan Mahtani have been head-to-head for a long time now, mostly due to the ownership conflicts of Portland Cement Zambia. The first court to review the case was Lusaka High Court which gave a controversial judgement announcing Ventriglias as the only shareholders of Portland Cement. Then the Court of Appeal reversed the judgement from Lusaka High Court based on real evidences and testimonials. In this judgement, Dr. Rajan Mahtani owned Finsbury Investments was considered as the majority shareholder with 58 percent shares of the factory and actual owner of the Portland Cement.

The recent appeal by the Ventriglias at the Supreme Court can only be considered as their last attempt to take control over the factory. However, it seems like the Ventriglias did not thought the process through. A bench of three judges from the Supreme Court rejected this appeal based on the legal obligations alone. The judges also confirmed that the appeal would not have made any difference to the judgement, further confirming the decision from the Court of Appeal. Based on these decisions, it is now confirmed that Dr. Rajan Mahtani will remain the only owner of the Portland Cement Zambia factory.

About Dr. Rajan Mahtani

With more than three decades of experience, Dr. Rajan Lekhraj Mahtani is one of the most notable businessman in Zambia. He is the owner and leader of successful companies such as Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. He is also known for his charitable contributions and philanthropic activities in Zambia.
Tags:Dr. Rajan Mahtani
Location:Lusuka - Lusaka - Zambia
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