Finsbury Investments is a prominent ventures firm lead by Dr. Rajan Lekhraj Mahtani, a commended businessman in Zambia. The organization is known for restoring many troublesome associations across Zambia. One of them is Zambezi Portland Cement. After an official investors' understanding set up in the year 2007, the responsibility for Portland Cement was given to Finsbury Investments through 58% share value offers. This exchange was fundamental has Finsbury Investments had the believability of getting advances from banks just as assets from monetary establishments.
Be that as it may, the Zambezi Portland activities stopped when the Ventriglia family upset the tasks by scrutinizing the legitimateness of the investors instrument. The family additionally went similarly as employing hooligans for assuming control over the production line in an exploitative way. While Dr. Rajan Mahtani did the right thing by moving toward the Lusaka High Court, the case was hauled for over 10 years. Notwithstanding this, no equity was given to Dr. Rajan Mahtani as the Lusaka High Court judge reported that Ventriglias are the solitary investors of the Portland Cement Zambia. Nonetheless, Dr. Rajan Mahtani had the option to battle this unscrupulous choice at the higher Court of Appeal. On 31st January 2019, equity Mwinde for the higher Court of Appeal reported that Dr. Rajan Lekhraj Mahtani is the greater part investor and legitimate proprietor of the Portland Cement Zambia manufacturing plant.
After more than 18 months from the Court of Appeal’s verdict, the Ventriglia family once again approached the Supreme Court Zambia challenging the verdict. However, the Supreme Court judges found this claim to be technically invalid and rejected the claim.
Comments