The judge handling the Portland Cement Zambia case recently made an important announcement. As per the judge, the final hearing is closed and both parties have been asked to submit their testimonials and evidences in written and oral formats. The judge will be evaluating these documents and post evaluation, final judgement will be made. This step has been considered as a milestone for a corporate case which has been going on for the past 10 years without any results.
Portland Cement Zambia is a cement manufacturing plant. It is legally owned by Dr. Rajan Mahtani, a noted businessman and philanthropist in Zambia. Dr. Mahtani has made a name for himself with his honest and transparent business activities, and is also famous for his charitable activities. During his leadership, Portland Cement was among the top manufacturers of cement in Zambia. The factory was also among the top industrial employers, with above-industry salary and wages for its workers and employees. However, things have changed since the factory’s illegal takeover by the Ventriglias. The factory was forcefully taken over by goons and the Ventriglias have defended themselves by saying that the shares of the factory owned by Dr. Mahtani are not paid for. However, they have not been able to share any strong evidence that supports their claim.
Dr. Rajan Mahtani, on the other hand, has shared numerous evidences such as signed shareholder’s agreement, independent audit report and financial exhibits that sufficiently prove his rightful ownership over the factory. Though it has taken almost 10 years for the court to find a resolution, it is expected that this time, Dr. Mahtani will finally get true justice.
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