Zambezi Portland Cement case won by Dr. Rajan Mahtani as Court of Appeal announces decision. This decision was announced nine months after the case was registered.  Follow Us On Facebook - https://www.facebook.com/drrajanmahtani/ https://www.facebook.com/zambiaportlandcement/ Twitter - https://twitter.com/People_Zambia

1. Zambezi Portland Cement
Ownership Goes To Dr. Rajan
Mahtani After Court Win
DR. RAJAN MAHTANI

2. Zambezi Portland Cement
case results announced

3. Dr. Rajan Mahtani wins case
after more than a decade

4. Court of Appeal judge gives
the final statement on
31st January 2019

5. Justice Mwinde also shared
some interesting details
about the case.

6. This payment was completed in the
year 2005 for taking of entire share
capital valued at that price

7. This payment was completed in the
year 2005 for taking of entire share
capital valued at that price

8. The price paid was equivalent to
1 million kwachas and covered
the entire share capital value

9. The details were established
on the shareholders agreement
originally established in 2007

10. The details was found in the
page 663 of ‘record of appeal’
volume of the agreement

11. The agreement also confirmed
that Dr. Rajan Mahtani was not
liable to any other costs attached to
the case.

12. The transferors or
vendors,
on the other hand,
were liable to the
PTT (Property
Transfer Tax) as
per the law

13. All allegations related to forgery were
discarded by the judge at Court of
Appeal

14. It was found that
electronically
placing signatures
for business
transactions was
common practice
at ZPC

15. As such, forgery and fraud
related allegations were duly
discarded.