After the wrong decision by Lusaka HC on Portland Cement Zambia, Dr. Mahtani had made an appeal in the Court Of Appeal, Zambia. And the final judgement was announced on 31st January 2019 and it was clear that the real owner of the PCZ ia Dr. Rajan Mahtani. Follow Us On Facebook - https://www.facebook.com/drrajanmahtani/ https://www.facebook.com/zambiaportlandcement/ Twitter - https://twitter.com/People_Zambia

1. LEGAL OWNERSHIP OF ZAMBEZI
PORTLAND CEMENT GIVEN BACK TO
DR. RAJAN MAHTANI

2. The turn of events at the
Lusaka High Court was
shocking

3. Judge from the Lusaka
High Court announced
that the Ventriglias were
only shareholders of the
Zambezi Portland
Cement.

4. This was an extremely
controversial and disappointing
decision from the high court
judge.

5. The case of Portland
Cement is age old as the
case was first registered at
the Lusaka High Court

6. Despite sharing numerous
critical evidences, the final
judgement given was
shocking.

7. Dr. Rajan Mahtani then approached the
Higher Court of Appeal.

8. The judge from
the Higher Court
of Appeal made
straightforward
judgements based
on the given
evidences.
The final
judgement was
announced on
31st January 2019,
nine months after
the case was re-
registered at the
Court of Appeal.
According to this
judgement, Dr.
Rajan Mahtani
owned Finsbury
Investments is the
majority
shareholder with
58 percent shares
at the factory.

9. Ventri gli as owned
I tal Terrazzo
Li mi ted holds j ust
42 percent shares
and i s the mi nori ty
shareholder.

10. According to this
shareholding pattern,
Dr. Rajan Mahtani
owned Finsbury
Investments is the
legal owner of the
factory.

11. Thi s deci si on ali gns wi th the
ori gi nal shareholders agreement
whi ch was establi shed i n the year
2007.

12. Justice Mwinde from
the Court of Appeal
also made some
startling revelations
during the case
proceedings.
He said that the judge
below him was wrong
in declaring Ventriglias
as only shareholders
of the Zambezi
Portland Cement
All allegations of
forgery were
discarded by the
judge.

13. The process of mechanically
placing signatures was a common
practice at Zambezi Portland
Cement

14. As such, forgery
allegations were
discarded
Critical member of the
Ventriglia family,
Claudio Ventriglia,
engaged in similar
practice.

15. Timeline of three months from judgement
date was given for completion of the share
regularization process.
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