Zambezi Portland Cement

On 31 st January 2019, Dr. Rajan Lekhraj Mahtani finally won the long-pending Portland Cement Zambia case. This case was registered at the Lusaka High Court first and after a decade of critical case proceedings, final decision was given by justice Nkonde. However, it was a controversial decision as it was announced that Ventriglias were only shareholders of Portland Cement. Dr.Rajan Mahtani successfully reversed this misdirected decision by approaching the higher Court of Appeal. The judge at the higher Court of Appeal was justice Mwinde who announced Dr. Rajan Mahtani paid one billion kwachas or USD 250,000 to the Portland Cement Zambia limited for taking over 58 percent shares or majority shareholding of the factory. This transaction was accepted and signed by all stakeholders associated with the factory with the evidence being the original shareholders’ agreement established in the year 2007. Based on these evidences, justice Mwinde successfully reversed the decision f...

Being the top legal and judiciary courts in Zambia, the decision from the Court of Appeal is final. This decision follows the controversial verdict at the Lusaka High Court on the Portland Cement Zambia that had announced Ventriglias as the only shareholders of the Portland Cement factory. This verdict was against the claims made by Dr. Rajan Lekhraj Mahtani, one of the most successful businessmen in Zambia. Dr. Mahtani had claimed that Zambezi Portland Cement factory belonged to him and he was the actual owner. To support his claim, several documents and evidences were shared to the Lusaka High Court judge but were ignored. Dr. Rajan Lekhraj Mahtani was then rightly prompted to approach the higher Court of Appeal.  The final verdict from the higher Court of Appeal came on 31st January 2019, around nine months after the case was registered. This quick judgement clearly indicate that the case was not that complicated and the evidences were enough to establish a final verd...

The peculiar case of the Zambezi Portland Cement is exactly what the government of any nation must avoid. This case and its long pendency along with complications highlights the rampant corruption and unethical practices which has penetrated even the legal system of Zambia. Dr. Rajan Lekhraj Mahtani is a noted businessman, philanthropist as well as charity worker. His unique trait or characteristics while working within the Zambian nation is his track record. Dr. Rajan Mahtani is among the most honest, transparent and ethical businessmen in Zambia and with this transparency and honesty, he has established numerous successful businesses in Zambia. He fought for the Zambezi Portland Cement case for more than ten years and after several roadblocks and challenges, finally won the case.  This decision on the Portland Cement Zambia case was given on 31st January 2019 by higher Court of Appeal. It was a significant decision as it was completely against the decision given by...

A critical decision was made by the Court of Appeal on 31 st January 2019. It was related to Zambezi Portland Cement factory, a cement manufacturing factory in Zambia. The factory was contested by two business parties for the past ten years during which, the case was transferred from one court to another and from one judge to another. Dr. Rajan Mahtani has claimed that the factory was illegally taken over from him and he is the legal owner of the factory. To prove his claim, he has been sharing numerous evidences and testimonials before several judges at the Lusaka High Court but to no avail. The final decision from the Lusaka High Court came almost a decade later and it was disappointing. According to the judge Nkonde from Lusaka High Court, Ventriglias were the only shareholders of Zambezi Portland Cement. Notwithstanding this misdirected judgement, Dr. Rajan Mahtani then approached the Court of Appeal. The Court of Appeal announced its final judgement on 31 st Jan...

Dr. Rajan Lekhraj Mahtani is a noted businessman and philanthropist in Zambia. He has numerous successful businesses under his name, including Finance Bank Zambia, Mahtani Group of Companies and Finsbury Investments . He is also known for his charitable activities and his philanthropic works. For the past ten years, Dr. Rajan Mahtani has been fighting for the legal takeover of Zambezi Portland Cement. The case was registered at the Lusaka High Court and despite several evidences and testimonials; the judge announced a shocking judgement. As per the decision of the Lusaka High Court judge, Ventriglias are the only shareholders of the Zambezi Portland Cement. As a result, Dr. Rajan Mahtani then approached Court of Appeal to make a final request. The Court of Appeal did not disappoint and on 31 st January 2019, it announced its final decision on Zambezi Portland Cement. According to this decision, Dr. Rajan Mahtani owned Finsbury Investments is the majority shareholder o...

Portland Cement Zambia case is known to for all. It is a concrete assembling manufacturing plant which had its greatness days amid the authority of Dr. Rajan Lekhraj Mahtani, a prominent businessman. Dr. Mahtani has been working in Zambia for over three decades and amid this time; he has possessed the capacity to effectively build up various best class foundations. A portion of these foundations included Mahtani Group of Companies and Finsbury Investments. He is likewise the genuine proprietor of Portland Cement Zambia which was unlawfully taken from him just about ten years prior. From that point forward, Dr. Rajan Mahtani has been battling a case at the Lusaka High Court for recovery of the processing plant. Amid the case procedures which crossed for a time span of over ten years, Dr. Rajan Mahtani displayed various confirmations and tributes to help his cases. A few vital individuals related to the manufacturing plant foundation approached and affirmed in regards to the leg...

The government of Zambia has seen many ups and downs over the years. While the country is trying hard to become an emerging and growing nation, it is continuously attacked by unethical and illegal activities. The FIC is an investigation agency having expertise in financial frauds. The company has been looking into money laundering cases for a long time. However, certain activities in the past few months prompted the agency to look further and strengthen their investigation. This resulted in the revelation of the money laundering act. As per the FIC, more than USD 1.5 billion worth of money is involved in this scam. At the same time, top lawyers and legal counsellors have been involved in this act. More than 35,000 bank transactions were observed and then linked with the corporate as well as individual bank accounts of these lawyers, proving their involvement in the scam.  Top lawyers such as Masozi M. Banda and Sakiwba Sikota has been named in the list released by the FIC. W...

The Zambian citizens recently discovered a big money laundering racket, which involved the huge number of prominent lawyers and high-end government officials. A list was made public by the FIC ( Financial Intelligence Centre ), the financial intelligence group of Zambia. This is indeed a shocking state of affairs for the Zambian government as the data suggests the huge level of corruption and wrongdoing across various big government and non-government organizations. As per the investigators of this case, Overs Banda from Avik International has been suspected of laundering money to Zambia’s dictator, Edgar Lungu. Avik International is a noted law firm having a top legal counselor in money laundering suspicious is indeed shocking news. Apart from that, several other prominent names such as Makebi Zulu, Shamwana & Company and Central Chambers are all under suspicious of money laundering activities. Makebi Zulu is owned by the Eastern-Province Minister and Shamwana is owned by MM...