Dr. Rajan Mahtani Wins The Zambezi Portland Cement Case At The Higher Court Of Appeal
The Zambezi Portland Cement case results was finally announced and Dr. Rajan Mahtani wins case after more than a decade. After Lusaka High Court failed to provide judgement despite Dr. Mahtani having all related documents and evidences, higher Court of Appeal was approached. The Court of Appeal judge then gave the final statement on 31st January 2019. While giving this judgement, Justice Mwinde also shared some interesting details about the case. Finsbury Investments is the appellant here and has paid USD 250,000 to the ZPC limited. This payment was completed in the year 2005 for taking of entire share capital valued at that price. The price paid was equivalent to 1 million kwachas and covered the entire share capital value. The details were established on the shareholders agreement originally established in 2007. Furthermore, the details were found in the page 663 of ‘record of appeal’ volume of the agreement. The agreement also confirmed that Dr. Rajan Mahtani was not