Author Archives: DRMZambia

Dr. Mahtani Remains Zambezi Portland’s Legal Owner

June 11, 2021 by DRMZambia

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Dr. Rajan Mahtani is a noted businessman and philanthropist in Zambia. Being a renowned businessman in a corruption-ridden country such as Zambia comes with significant challenges. A part of this challenge is resisting the urge to engage in unethical and corrupt practices which Dr. Rajan Mahtani has been achieving diligently. However, even the clean image was not able to convince justice Nkonde from the Lusaka High Court that Dr. Rajan Mahtani and his evidences prove his to be the majority shareholder and legal owner of Continue reading →

Supreme Court Zambia Announces Results On Claim By The Ventriglia Family

May 27, 2021 by DRMZambia

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Zambia’s highest legal system is Supreme Court Zambia where the buck stops. Supreme Court Zambia recently evaluated the case of Portland Cement which was taken to the SC in a bizarre appeal by the Ventriglia family. The case of Portland Cement Zambia dates back to more than a decade when Dr. Rajan Mahtani first approached the Lusaka High Court after unethical takeover of the Portland Cement Zambia by the Ventriglias family. This was followed by a long stretch of case proceedings and controversial verdict in Continue reading →

Portland Cement Zambia Factory Ownership Remains Same After Announcement By Supreme Court

May 26, 2021 by DRMZambia

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The latest appeal from the Ventriglia family which was placed at the Supreme Court Zambia is a clear indication that the Zambian politics never ceases to amaze. Dr. Rajan Lekhraj Mahtani is one of the most well-known and respected businessmen in Zambia. He is the founder of several top companies including Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. Dr. Rajan Mahtani has been fighting for the legal takeover of the Portland Cement Zambia for more than a decade, after the factory was Continue reading →

Dr. Rajan Lekhraj Mahtani Remains The Legal Owner Of Zambezi Portland, Supreme Court Gives Final Verdict

May 12, 2021 by DRMZambia

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Dr. Rajan Lekhraj Mahtani has been regarded as one of the most responsible and authentic businessman in Zambia. For more than a decade, Dr. Mahtani has been building numerous successful organizations in Zambia. Among them is Finsbury Investments, a noted investments company. During the period of 2006-2007, Dr. Rajan Mahtani owned Finsbury Investments received majority shareholding and legal ownership of the Zambezi Portland Cement via an original shareholders agreement. According to this agreement, Finsbury Investments receives 58 percent Portland Cement shares and becomes the majority Continue reading →

Attempt By Ventriglia Family To Change Portland Cement Ownership Becomes Unsuccessful

April 25, 2021 by DRMZambia

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The case of Portland cement Zambia was actually over when the higher Court of Appeal announced its final decision on the case. According to this decision, the majority shareholding and ownership of the Portland Cement Zambia factory went to Dr. Mahtani owned Finsbury Investment with 58 percent shares. On the other hand, the Ventriglia owned Ital Terrazzo Limited held just 42 percent shares of the factory and did not have any majority shareholding or legal ownership over the factory. With this verdict, the higher Court Continue reading →

Portland Cement Zambia Case Finally Comes To An End With Decision From Supreme Court

April 11, 2021 by DRMZambia

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With the final decision from Supreme Court Zambia on the Portland Cement Zambia case, it can be said that the long-standing challenges for the cement-manufacturing factory is finally over. The Portland Cement Zambia factory has suffered significant challenges during its early years, right from its establishment and shareholder restructuring. The restructuring of the shareholding of Portland Cement was a critical event as it helped the factory in achieving the requirement loans from the banks as well as funds from other financial institutions so that it Continue reading →

Portland Cement Zambia Ownership To Remain Same As Directed By Court Of Appeal

March 26, 2021 by DRMZambia

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Portland Cement Zambia is a factory that has suffered several consequences and despite that, it has managed to stay afloat and contribute towards the economic and social development of the Zambian nation. The dispute around Portland Cement Zambia started when the Ventriglia family suddenly questioned the legality of the shareholders’ agreement which established Dr. Mahtani owned Finsbury Investments as the majority shareholder and legal owner of the Portland Cement factory. After the dispute created by the Ventriglia family, the Lusaka High Court took more than Continue reading →

Supreme Court Rejects Claim By The Ventriglia Family As It Fails To Satisfy Legal Requirements

March 2, 2021 by DRMZambia

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The Supreme Court Zambia has once again proves that the legal system of any nation holds a critical position in not only establishing a social balance, but also influences the economic and political systems. The Supreme Court Zambia recently gave its final verdict on the appeal made by the Ventriglia family. In their appeal, the Ventriglia family challenged the decision from the higher Court of Appeal by considering it to be wrong. It is to be noted here that the Ventriglia family has been accused Continue reading →

Ownership Of Zambezi Portland Cement Remains Unchanged, SC Announces Verdict On Claim By Ventriglias

February 28, 2021 by DRMZambia

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Finsbury Investments is a noted investments firm owned by Dr. Rajan Lekhraj Mahtani, a celebrated businessman in Zambia. The company is known for reviving several difficult organizations across Zambia. One of them is Zambezi Portland Cement. After an official shareholders’ agreement established in the year 2007, the ownership of Zambezi Portland Cement was given to Finsbury Investments via 58 percent share ownership. This transfer was essential has Finsbury Investments had the credibility of obtaining loans from banks as well as funds from financial institutions. These Continue reading →

Supreme Court Zambia Effectively Rejects Claim From The Ventriglia Family

February 27, 2021 by DRMZambia

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Finsbury Investments under the ownership of Dr. Rajan Lekhraj Mahtani took over the ownership of Portland Cement Zambia in the year 2007. This ownership exchange was made through an official shareholders’ agreement which was signed and accepted by all parties in the presence of government officials. As per this official shareholders’ agreement, Dr. Rajan Mahtani owned Finsbury Investment received 58 percent shares of the Portland Cement Zambia and was announced as majority shareholder and legal owner of the factory. While these activities were occurring, the Continue reading →