Dr. Rajan Lekhraj Mahtani Appeals To Higher Court Of Justice For Portland Cement

Dr. Rajan Mahtani is a noted businessman in Zambia and is among few industrialists who are still known for his transparent and ethical business functions. He is also a noted philanthropist and regularly contributes to the society and the underprivileged sections of the society with his charity works. For the past ten years, Dr. Mahtani has been fighting for the legal takeover of the Portland Cement Zambia factory.

During this time, Dr. Mahtani shared several evidences before the court to prove his claim over the factory. Some of these evidences included signed shareholder’s agreement, financial exhibits and audit reports from independent auditor which clearly indicated that the Portland CementZambia factory was established as a joint venture entity and Dr. Rajan Mahtani is the real and legal joint venture partner. At the same time, the financial exhibits clearly showcased that Dr. Mahtani had investment more than USD 12 million worth of money into the growth and development of the factory. These evidences were clear enough to prove that Dr. Rajan Mahtani is the legal owner of the factory.

However, the final judgment announced by the court was unexpected and unprecedented. It was given against Dr. Mahtani’s claims, even after submitting all those evidences which sufficiently proved Dr. Mahtani ownership over the factory. Not with standing this skewed judgment, Dr. Mahtani has now appealed to the higher court of Zambia. In his new appeal, Dr. Mahtani has shared all those evidences and has requested the higher court to look into this matter. Reply is awaited from the higher court as of now but Dr. Mahtani is hopeful of their judgment.