Friday, April 19, 2024

PACRA has NOT removed Mahtani from Zambezi Portland Cement Records

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Dr Scott with Dr Mahtani
Dr Scott with Dr Mahtani

Patents and Companies Registration Agency (PACRA) Public Relations Officer Vaida Njovu has expressed concern over online media reports regarding the changes in the shareholding structure and directorship of Zambezi Portland Cement Limited at PACRA.

Ms Njovu said records at PACRA show that there is a dispute over the shareholding and directorship in Zambezi Portland Cement Limited which is before the courts of law.

She explained that PACRA in such circumstances does not process any applications to alter records relating to shareholding or directorship until the final determination of the matter in the courts of law.

Ms Njovu stated that management is investigating circumstances that could have led to the reported alteration of records relating to Zambezi Portland Cement Limited in the absence of an explicit court order.

She said in a statement availed to ZANIS that the alteration has since been reversed.

MS. Njovu has since advised parties to the matter which is before the courts of law to desist from dragging the institution into dispute by making attempts at altering the records while the matter is still subject to court proceedings.

9 COMMENTS

  1. Ms Njovu, so you are confirming that until the matter is determined by the courts of law, Mahtani’s forged shares have been revoked. So what are you clarifying really?

    • Actually Dr Guy Scott is the best man to have lead this country unlike the one who is trying MBWA (Management By Wandering About) and nothing is happening to challenge the economy

  2. Guy Scot is the source of all this bitterness and confusion currently prevailing in Zambia. If he had backed Edgar, as Sata (MHSRIP) wanted, we would not have all this hatred in Zambia. I hope this Guy Scot stays away from politics to give chance to young politicians.

    • I agree with you. Scot is not an angel as some people want to portray him. he is a bitter man who was bent on destroying the party he claims he co-founded with his useless friend Sata (MHSRIP). his actions showed clearly that he wanted the cartel to carry the day but luckly, he failed! Useless old man, a.k.a Muzungu Opusa!!!!

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