During the trial processes, Dr. Rajan Mahtani and his teams submitted numerous evidences and reports which clearly indicate that actual owner ship of the factory. One of them was signed shareholder’s agreement. As per the agreement, Dr. Rajan Mahtani owned Finsbury Investments is the majority shareholder of the factory, with 51 percent shares. The rest of the shares are owned by the members of the Ventriglias family, including the husband-wife duo as well as other shareholders. Similarly, financial exhibits were shared by the lawyers of Dr. Rajan Mahtani indicating his investments of more than USD 9 million for the factory, while in comparison; the investments made by the Ventriglias were very less. Another important evidence shared by Dr. Rajan Mahtani was the independent audit report conducted by an independent auditor on the factory. As per the report, the factory was established as a joint venture with Dr. Rajan Mahtani as the sole joint venture partner, and the rest were shareholders. From these evidences, it is clear that Dr. Rajan Mahtani is the legal and actual owner of the factory.
The latest announcement by the Lusaka High Court regarding the Portland Cement Zambia case has certainly given good news to Dr. Rajan Mahtani and his lawyers. The case is more than 10 years old and has been running at the Lusaka High Court since. It was started when Dr. Mahtani registered a case at the court, claiming that the Ventriglias have illegally taken over the factory which belongs to him. However, the Ventriglias counterattacked by saying that Dr. Mahtani has not yet paid for the shares he owns at the factory.
During the trial processes, Dr. Rajan Mahtani and his teams submitted numerous evidences and reports which clearly indicate that actual owner ship of the factory. One of them was signed shareholder’s agreement. As per the agreement, Dr. Rajan Mahtani owned Finsbury Investments is the majority shareholder of the factory, with 51 percent shares. The rest of the shares are owned by the members of the Ventriglias family, including the husband-wife duo as well as other shareholders. Similarly, financial exhibits were shared by the lawyers of Dr. Rajan Mahtani indicating his investments of more than USD 9 million for the factory, while in comparison; the investments made by the Ventriglias were very less. Another important evidence shared by Dr. Rajan Mahtani was the independent audit report conducted by an independent auditor on the factory. As per the report, the factory was established as a joint venture with Dr. Rajan Mahtani as the sole joint venture partner, and the rest were shareholders. From these evidences, it is clear that Dr. Rajan Mahtani is the legal and actual owner of the factory.
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