Dr. Rajan Mahtani Wins Back Zambezi Portland Cement With Judgement From Court Of Appeal
As per the latest judgement by Court of Appeal, Dr. Rajan Mahtani wins back Zambezi Portland Cement. This decision from Court of Appeal came almost nine months after it was approached. The decision by Dr. Rajan Mahtani to approach the Court of Appeal was due to the unethical judgement by the Lusaka High Court. The Lusaka High Court was overseeing the case of Zambezi Portland for almost a decade and after more than ten years; it announced its final decision. However, this decision was truly shocking as the judge announced that the Ventriglias were only shareholders of the Zambezi Portland Cement. As a result, Dr. Rajan Mahtani was forced to approach Court of Appeal. The decision from Court of Appeal came on 31 st January 2019 and was given by justice Mwinde. According to this decision, Finsbury Investments holds 58 percent shares at the factory. On the other hand, Ventriglias hold 42 percent shares at the factory. From this shareholding pattern, it is clear that Dr. Ra