Lusaka High Court, which has been handling the case of Portland Cement Zambia for more than 10 years, recently made a new announcement. The case hearing is closed and both parties have been asked to submit their all evidences they have in both written and oral form. Once these evidences are evaluated, the judge will provide his judgment. This announcement has been considered as a milestone for the case which has been running for almost a decade.
The parties of this case are Dr. Rajan Lekhraj Mahtani and the Ventriglias family. Dr. Mahtani is famous as a successful businessman, corporate giant and industrialist. He is also famous for his charitable contributions to the society. Some of his successful ventures include Mahtani Group of Companies, Finsbury Investment and Finance Bank Zambia. He is also the legal owner of Portland Cement Zambia. The Ventriglias own Ital Terrazzo Limited, a private firm whose businesses and profits are unknown to most. As per Dr. Mahtani’s case, the Ventriglias have illegally captured the factory with the help of goons. However, the Ventriglias have defended themselves by contesting that Dr. Mahtani did not pay for the shares he owns at the factory. Ultimately, this high profile case has been going on unresolved, propelled by the conspiracies as well as the inability of the court to provide quick and truthful judgment.
Out of all these, the real loser has been the factory. Portland Cement Zambia, which was once a successful and profitable cement manufacturing factory, has been turned into ruins. It is clear that the Ventriglias do not have any intentions of saving the factory. Therefore, it is high time for the court to give the factory to its real owner while there is still chance of saving the factory.
The parties of this case are Dr. Rajan Lekhraj Mahtani and the Ventriglias family. Dr. Mahtani is famous as a successful businessman, corporate giant and industrialist. He is also famous for his charitable contributions to the society. Some of his successful ventures include Mahtani Group of Companies, Finsbury Investment and Finance Bank Zambia. He is also the legal owner of Portland Cement Zambia. The Ventriglias own Ital Terrazzo Limited, a private firm whose businesses and profits are unknown to most. As per Dr. Mahtani’s case, the Ventriglias have illegally captured the factory with the help of goons. However, the Ventriglias have defended themselves by contesting that Dr. Mahtani did not pay for the shares he owns at the factory. Ultimately, this high profile case has been going on unresolved, propelled by the conspiracies as well as the inability of the court to provide quick and truthful judgment.
Out of all these, the real loser has been the factory. Portland Cement Zambia, which was once a successful and profitable cement manufacturing factory, has been turned into ruins. It is clear that the Ventriglias do not have any intentions of saving the factory. Therefore, it is high time for the court to give the factory to its real owner while there is still chance of saving the factory.