Dr. Rajan Mahtani has once against demonstrated that with genuineness and straightforwardness any detour can be survived. The case relates to Zambezi Portland Cement, a concrete assembling manufacturing plant which was being challenged at the Lusaka High Court for over 10 years. The judge from the Court of Appeal, Justice Nkonde, shared his last judgment looking into the issue which stunned everybody. He proclaimed Ventriglias as greater part investors of the Zambezi Portland Cement, regardless of having any evidentiary help. Subsequently, Dr. Rajan Mahtani was left with no decision yet to approach higher Court of Appeal.
The Court of Appeal declared its choice on 31st January 2019, adequately turning around the choice from Lusaka High Court. The judgment at the Court of Appeal was given by Justice Mwinde who said that the judge beneath him wasn’t right in proclaiming Ventriglias as dominant part investors as the decision was against the interests of the public policies. According to the new decision, Finsbury Investments holds 58 percent offers at the Zambezi Portland and is lion’s share investor. Then again, Ital Terrazzo Limited holds 42 percent offers at the manufacturing plant just like the minority investor with no lawful cases over the processing plant.
It was uncovered that Finsbury Investments paid a total of K580, 000,000 with interest to the court for finishing the procedure of business enlistment for Zambezi Portland and furthermore in consistence with the choice from the court. In the meantime, Finsbury Investments has additionally claimed an aggregate of K 1 billion against the instalment made for the offer capital of Zambezi Portland. The judge has additionally given a timetable of three months from the judgment date to settle on the offer deals and regularization process.
