Just a few months
back, the judge overseeing the Portland Cement Zambia case announced
that the case hearing is closed and the final verdict will be given
based on the written and oral evidences submitted by both parties.
This was extremely positive news for Dr. Mahtani and his lawyers as
over the long trial of 10 years of the case, Dr. Mahtani has
submitted numerous documents and evidences which are sufficient to
prove his rightful ownership over the factory. Some of these
documents were signed shareholder’s agreement, financial exhibits,
and reports clearly indicating investment of more than USD 12 million
over the factory’s development as well as audit report from an
independent auditor. As per this audit report, the Portland Cement
Zambia factory was established as a joint venture and Dr. Rajan
Mahtani was the sole joint venture partner of the factory. It is
clear from these evidences that the only reason the case stretched so
far was the limitations of the government and law making bodies as
well as difficult relationship between the two parties fighting for
the case.
The final verdict
which was announced few weeks earlier was nothing less than a
shocker. As per the final verdict, the judgement was given against
Dr. Mahtani’s claims. This clearly indicates that the judge did not
even consider the evidences and testimonials submitted by Dr. Rajan
Mahtani. It was essentially a shocker for all onlookers and experts.
As of now, Dr. Mahtani has considered this judgment to be a sham and
has appealed to the higher court of Zambia against this misdirected
judgment made at the Lusaka High Court. Reply is awaited from the
higher court of Zambia.
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