Claim From The Ventriglia Family Was Rejected By The Supreme Court Zambia

On 31st January 2019, judge Mwinde had announced that Finsbury Investments held 58 percent shares of Portland Cement and was the majority shareholder as well as legal owner of the Portland Cement Zambia factory.
By: Dr. Rajan Mahtani
 
LUSUKA, Zambia - March 4, 2021 - PRLog -- The Supreme Court Zambia recently announced its final decision on the challenge by the Ventriglia family on the Higher Court of Appeal decision on Portland Cement. In their challenge, the Ventriglia family had claimed that the decision by justice Mwinde to give majority shareholding of Portland Cement Zambia to Dr. Rajan Mahtani owned Finsbury Investments was wrong. They also appealed that the initial decision from the Lusaka High Court wherein Judge Nkonde had announced Ventriglias as the only shareholders of the Portland Cement Zambia was the current judgement. It should be noted here that higher Court of Appeal judge Mwinde had rejected this decision from the Lusaka High Court due to lack of evidences and controversial judgement. On 31st January 2019, judge Mwinde had announced that Finsbury Investments held 58 percent shares of Portland Cement and was the majority shareholder as well as legal owner of the Portland Cement Zambia factory.

In response to the claim by the Ventriglia family, the Supreme Court Zambia established a bench of three judges. These judges were judge Mumba Malila, Judge Royda Kaoma and Judge Michael Musonda. After evaluation, the judges declared that the Ventriglia family skipped a critical legal requirement which is registering complaints against previous court verdicts within 14 days of the decision itself. In this case, the Ventriglia family waited for more than 1.5 years to make their appeal. In light of these evidences, the bench of Supreme Court judges declared the appeal from the Ventriglia family as questionable. As a result, the claim from the Ventriglia family was rejected by the Supreme Court Zambia.

About Dr. Rajan Mahtani
Website: http://www.drmahtani.com/

For more than three decades, Dr. Rajan Lekhraj Mahtani has established numerous successful businesses including Mahtani Group of Companies and Finsbury Investments. Dr. Rajan Mahtani is also known for his numerous philanthropic and charitable contributions towards the Zambian society and economy.
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