to get its real owner soon

Zambezi Portland

Lusaka High Court confirms the fact that Zambezi

Portland will get its real owner soon.

Hearing for the case has been closed.

The case was registered by Dr. Rajan Lekhraj Mahtani against the Ventriglias

The major crust of this case is the shareholding and ownership of the factory.

Both parties are claiming their ownership over this factory.

After Dr. Mahtani launched the initial claim of

Ventriglias taking over the factory forcefully, the latter

launched a counter-claim.

As per the Ventriglias, the shares of Dr. Mahtani in the

factory are not paid for.

However, the evidence and statements submitted by Dr. Mahtani and his team

tell a different story.

As per the shareholder’s agreement, Dr. Mahtani owned Finsbury Investments holds

58 percent shares in the factory.

Rest of the shares are distributed among Ventriglias family and other shareholders.

Furthermore, Dr. Mahtani had

previously asked an independent auditor to conduct an audit

on the factory.

As per this independent audit report, the factory was established as a joint- venture project with Dr. Mahtani as sole joint venture partner.

Both parties will soon submit their evidences to the court post evaluation of which, final

judgment will be announced