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Portland Cement Zambia Ownership Remains Unchanged, Supreme Court Rejects Claim By Ventriglias


Dr. Rajan Lekhraj Mahtani was awarded majority shareholding and legal ownership of Portland Cement in the year 2006 after a confirmed shareholders agreement. However, the Ventriglias successfully occupied with corporate wrongdoing by assuming control over the manufacturing plant dishonestly. This takeover was obviously an endeavour towards denying the genuine proprietors of Portland Cement of majority share stake, and it was unmistakably a mafia-way of life of takeover qualities of how the Ventriglia family has been doing numerous many years. Thus, Dr. Rajan Mahtani was left with no decision except for to move toward the Lusaka High Court. The Ventriglia family, particularly Manuela and Antonio Ventriglia utilized their political intruding to convince the Lusaka High Court judge in pronouncing them as the solitary investors of the Portland Cement Zambia plant. This was because of critical political interfering wherein the Ventriglia family even proceeded to prepare a few degenerate government officials against the authentic investor of the Portland Cement Zambia production line. This occasion additionally matched with scandalous administration of Rupiah Banda and one can just comprehend the impact Ventriglia family had in turning the judgment as per their own necessities. It was likewise discovered that numerous attorneys speaking to Ventriglias like Zacharia Muya and Sakwiba Sakota occupied with political intruding and force legislative issues to impact the Lusaka High Court choices. These maneuverers resulted in Lusaka High Court announcing decision in favour of the Ventriglias.

However, the final decision from the Supreme Court Zambia is a step in the right direction. After the Ventriglias claimed that the decision from the higher Court of Appeal announcing Dr. Mahtani as the legal owner of the Portland Cement factory, the Supreme Court evaluated this claim rejected it due to lack of evidences.

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