Dr. Rajan Mahtani is a noted figure in Zambia. He is responsible for various businesses in Zambia as well as across foreign nations too. Some of his top companies are Finsbury Investment and Mahtani Group of Industries. He is also the ex-chairman of Finance Bank Zambia and legal owner of the Zambezi Portland Cement, for which he is fighting for the past 10 years. The fight starts when the Ventriglias tool over the factory illegally. Since then, a case was launched at the Lusaka High Court. At the same time, the Ventriglias claimed that the shared owned by Dr. Mahtani were not paid for. This and the continued transfer of judges or unavailability of the defendants (the Ventriglias) during court proceedings have resulted in one of the longest pending high-profile court cases in Zambia.
Going by the internal reports, it can be said that the actual facts are very much different from what is being portrayed by the media, especially those conspiring against Dr. Mahtani and his companies. As per the official statement presented by the court, Dr. Mahtani and his team have submitted various evidence to support their claim. One of them is signed shareholder’s agreement that clearly indicates Dr. Mahtani’s 58 percent shares in the factory. This statement has been accepted by the court. Major evidence was the audit report by independent auditor clearly stating the project as a joint venture and Dr. Mahtani as the sole joint venture partner.
The high court has announced closing this case soon. Documents and evidence from both sides will be evaluated and final judgement will be given soon.
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