Dr. Rajan Mahtani claimed his company, Zambezi Portland Cement, was illegally taken from him. The case stretched over a decade due to shortcomings in the Lusaka High Court. In May 2018, the Lusaka High Court ruled the Ventriglias were only shareholders, but Dr. Mahtani appealed. On January 31, 2019, the Court of Appeal ruled Dr. Mahtani's company Finsbury Investments owns 58% of Zambezi Portland Cement, making him the majority shareholder, while the Ventriglias' company owns 42% as minority shareholders with no ownership. This decision aligned with the original 2007 shareholders agreement and effectively reversed the Lus

1. DR. RAJAN MAHTANI
WINS MAJORITY
SHAREHOLDING AND LEGAL
OWNERSHIP OF
Portland Cement Zambia

2. CRIMINAL VENTRIGLIAS
AND THEIR SCHEMES
HAVE BEEN KNOCKED
DOWN BY COURT OF
APPEAL

3. IT IS FINALLY RULED THAT
DR. RAJAN MAHTANI IS THE
MAJORITY SHAREHOLDER
AND OWNER OF THE
ZAMBEZI PORTLAND
CEMENT FACTORY.

4. THE CASE GOES BACK WHEN DR. RAJAN
MAHTANI FIRST REGISTERED A CASE AT THE
LUSAKA HIGH COURT.

5. This appeal was made as Dr. Mahtani claimed his
company, Zambezi Portland Cement, was illegally taken
from him.

6. Dr. Mahtani suffered
due to shortcomings
of the Lusaka High
Court
The court was unable
to provide true
judgement resulted in
the case stretching to
more than one
decade.
Final decision from
the Lusaka High Court
judge was announced
during May 2018.

7. THE JUDGEMENT
WAS EXTREMELY
CONTROVERSIAL

8. THE JUDGE SAID THAT
VENTRIGLIAS WERE ONLY
SHAREHOLDERS OF THE
ZAMBEZI PORTLAND
CEMENT.
JUDGEMENT WAS
MISDIRECTED AND DR.
RAJAN MAHTANI
APPROACHED THE COURT
OF APPEAL.

9. The Court of Appeal announced its final
decision on 31st January 2019.

10. The decision was given by Justice
Mwinde during the morning hours of
the court session.
Dr. Rajan Mahtani owned Finsbury
Investments holds 58 percent shares at
the Zambezi Portland Cement factory
and is the majority shareholder of the
factory.
Ital Terrazzo Limited which is owned by
the Ventriglias holds 42 percent shares
at the factory and is the minority
shareholders without any ownership.

11. The judge further confirmed that this
decision aligns with the original
shareholders agreement which was
established in the year 2007.

12. Judge at the Court
of Appeal effectively
reversed the
judgement by
Lusaka High Court
judge
The judge also
confirmed that the
judgement from
Justice Nkonde of
Lusaka HC was
misdirected and
biased.
All forgery related
allegations were
discarded by the
Court of Appeal
judge as these
allegations were
baseless.