Judgement On Zambezi Portland Cement Is Expected Soon By Lusaka Hc

The Zambezi Portland Cement, whose fate is hanging in balance, may soon get a new life with an announcement of its rightful owner. The case was launched when the Ventriglias allegedly took over the Zambezi Portland Cement. The factory was under the leadership of Dr. Rajan Mahtani when it blossomed and the factory produced in surplus. The workers were also paid well and the factory quickly became a favorite employer in the province. However, the situation has not been the same since its illegal takeover by the Ventriglias. The Ventriglias are known for their unethical practices, manhandling and forcing individuals and entities to bend in their ways. While the Ventriglias opted for goons to enter the factory and capture it illegally, Dr. Mahtani is an honest person and took the help of law to get what he rightfully his.

Dr. Mahtani & Zambia Portland Cement

The case proceedings have been going on for years and during that time, both parties have submitted evidence and statements proving their claim. The case was launched under the name of Finsbury Investments, owned by Dr. Mahtani. As per the signed shareholder agreement submitted by FI, Dr. Mahtani holds 58 percent shares at the Zambezi Portland while the rest in unevenly distributed among Ventriglias and other shareholders. Furthermore, Finsbury has investments more than USD 8 million to oversee the factory’s development and also paid for the entire share capital. One of the most powerful documents submitted by Dr. Rajan Mahtani has been an audit report conducted and prepared entirely by an unbiased independent auditor. The audit report clearly suggests that Dr. Rajan Mahtani is the joint venture partner and not the shareholder of the factory. This alone proves that he is the rightful owner of the factory.

As per the judge handling the case, hearing is closed for now. Both contestants will be submitting reports and evidence to the judge for evaluation. After this evaluation, final judgment will be announced.