Category Archives: Chairman Finance Bank Zambia

Zambezi Portland Cement Factory Will Not Be Won With Conspiracies

It is a misconception for the Ventriglia family that the Zambezi Portland Cement Factory will be won by creating conspiracies against Dr. Rajan Mahtani. Zambia Reports has once again crossed its limit and has directly tried to defame the former Finance Bank Chairman by claiming that he has run out of options and is looking forward to rebuild his image in public.

As a matter of fact, Zambia Reports has always been claiming that its sources make exclusive coverage of stories against Dr. Mahtani. Sadly, the same sources failed to cover one of the biggest scandals in Africa when the Ventriglia family was caught in an attempt to tamper records with PACRA. Not a single sentence has been mentioned in Zambia Reports in this regard and the operator claims that Zambia Reports is one of the best news portals in Africa. What an irony!

Zambezi Portland Cement

Winning the Zambezi Portland Cement Factory through illegal means is not an option for Dr. Rajan Lekhraj Mahtani. His actions have always allowed this factory to grow and prosper. During the inception period, it was Dr. Rajan Mahtani who had allowed Finsbury Investments to invest in Zambezi Portland Cement. To put in simple words, ZPC owes its existence to Dr. Rajan Lekhraj Mahtani.

In 2014, the Zambezi Portland Cement Factory made a remarkable achievement by producing 4, 70, 000 tonnes of cement in a single year. This output was more by 1, 00, 000 tonnes as given to the forecasted target. With such contributions, Dr. Mahtani doesn’t need to hatch conspiracies or bribe officials. As a believer of Christ, his work is to continue with this responsibility of developing Zambia and leave everything else in the hands of the legal system of Africa. Zambezi Portland Cement has seen the difference within the past 5 months- losses, misery and mismanagement under the Ventriglias.

Zambezi Portland Cement Factory entitled to receive $ 40 million

The High Court had ordered that the Zambezi Portland Cement Factory is entitled to receive USD $ 40 million from its minority shareholders on account of cash embezzlement which took place in between 2009 to 2012. It is certain that the Italian Mafias have left no tables unturned and have cast their spell of corruption and bribery to loot the ZPC.

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The judgement was taken with a view to restore the losses which the Zambezi Portland Cement Factory has faced due to excessive cash drainage from the factory cash box to offshore accounts. The result of this cash outflow has resulted in the first ever loss in the cement plant in 2015. People who are closely related to this case believe that a major portion of this embezzled cash was used to fund RB’s election campaign along with hiring a handwriting expert from South Africa, who would examine the signatures on the transfer deeds of ZPC.

The series of massacre which has been done by the Ventriglia family is simply shocking! Ranging from employee exploitation to tampering the records of PACRA, they have always tried to bend the African Law as per their requirement.

Termination of employees in Zambezi Portland Cement Factory

The month of July-August witnessed termination of 47 workers from the factory because the management found them as redundant. However, it should be brought to light that these workers were already employed with the factory over a long time and with time as the management was unable to bring more business to the factory, they have started to remove the workers whom they consider as extra.

Dr. Rajan Mahtani has kept the hope alive for the workers of Zambezi Portland Cement Factory by standing as a pillar between the Ventriglias and the ownership of the factory. The workers are hoping that life will soon resume to normal after the Ventriglia are thrown out.

Conspirators try to remove Dr. Rajan Mahtani from ZPC

The name of Dr. Rajan Mahtani is enough to strike fear in the hearts of the people who wish to exploit Africa through corruption. In a recent incident, it was observed that the minority shareholders of ZPC tried to manipulate the records of PACRA and remove the name of Dr. Mahtani from the list.

The intent behind amendment of registry was to ensure that the ownership of the Zambezi Portland Cement Factory was placed in the hands of the Ventriglia family. Through this step, it would have become easier for the Italian Mafias to cast a web of corruption in Ndola and enhance their private offshore bank accounts. Dr. Rajan Mahtani instantly took the initiative of pointing out the changes to PACRA through the letter attached below:

Dr. Rajan Mahtani Portland Cement Zambia Zambezi Portland Cement

When PACRA learnt about this nuisance, the changes were immediately removed and the register was restored as earlier. The event has become one of the most shameful actions ever committed in Africa.

The Game Against Dr. Rajan Mahtani

Usually, when changes are required to be made in PACRA’s record the request has to be honoured by the High Court. But in the present case, the lawyer of the Ventriglia family wrote a letter and then took the same to the Kitwe Office of PACRA and forced a junior officer to make the desired changes without maintaining any provisions for the Court’s order. Sadly, the name of Dr. Rajan Mahtani was removed from the list.

This is not the first time that the former Finance Bank Chairman has been indirectly attacked by the conspirators. There have been numerous incidences where the Ventriglia family has defamed Dr. Rajan Mahtani and has tried to convince the people of Zambia and Africa that he is a dishonest person. Nevertheless, those tricks never worked for them, even once.

Zambezi Portland Cement Factory witnesses a Dirty Game

The Ventriglia family has crossed all the limits of shamefulness in their quest to grab the Zambezi Portland Cement Factory. Last week, a horrific incident took place at the Kitwe Office of PACRA when a lawyer named as Zacharia Muya forced a junior officer to make changes in the register of PACRA without any permission from the court.

Being a regulatory body, PACRA serves as a register for organization’s shareholding patterns and other information. Sakwiba Sikota, the loyal lawyer of the Ventriglias, did make an application in June 2015 to PACRA in respect of making changes within the shareholding pattern of the Zambezi Portland Cement Factory by replacing the name of Finsbury Investments with the Ventriglias. However, the same request was dismissed as PACRA required an order from the Court to make the same adjustments.

This where another lawyer for the Italian Mafias did the trick. Days later, Zacharia Muya wrote a similar letter which was once again addressed to PACRA and took the same to the Kitwe Office of PACRA without having it passed from the head office. A junior officer was approached and pressurized to make the necessary changes. Immediately after the changes were made, the Ventriglia family went around bragging the fact that they are now the actual owners of the Zambezi Portland Cement Factory.

The celebration was short-lived when PACRA learnt about this hideous act of crime and immediately the whole changes were reversed. Now, once again the actual owners of the Zambezi Portland Cement Factory is Finsbury Investments with a stake of 58%. Nevertheless, this act has left a lot to be considered as this is not the first time that the Ventriglia family has mocked the legal system of Zambia. It is time that a serious action is taken against the Italian Mafias and their associates.

Dr. Rajan Mahtani Portland Cement Zambia Rajan Mahtani Zambezi Portland Cement

Dr. Rajan Mahtani Fortified by Malawi High Court

On 28 July 2015, an historic judgement was made when the Malawi High Court declared that Nyasa Times should remove all defamatory content against Dr. Rajan Mahtani from its website and shall also make a monetary compensation for the injury caused. The case was being fought between the Mahtani Group of Companies Chairperson and Nyasa Times as the latter was being harassed by the former through incorrect publications.

Dr. Rajan Mahtani

People who are closely associated with this case reveal that Nyasa Times was being continuously helped by Zambia Reports in this campaign. This is why the Malawian news portal had the courage to defame one of the finest businessman of Africa. However, everything in this regard now stands as settled under the purview of the Malawi High Court.

As for Zambia Reports, Clare Locke LLP has already informed GoDaddy, the hosting service provider, about the nuisance which it is causing in Zambia. It has not only violated numerous laws, but has also committed criminal offenses by running a character assassination campaign for Dr. Rajan Mahtani. A response is being expected very soon and the result of this approach may result in permanent shut down of Zambia Reports.

Dr. Rajan Mahtani and Conspiracies

When it comes to making conspiracies, the name of Sakwiba Sikota and the Ventriglia family fall in the first place. They together have created numerous stories which looked forward to injure the reputation of the former Finance Bank Chairman. The only intent they look to fulfill is remove Dr. Mahtani from participating on behalf of Finsbury Investments. This will give the conspirators an easy access to Portland Cement Zambia.  Previously, the Ventriglia family were deported on ground of employee abuse and misappropriate behavior. But, they made a comeback in February 2015 with the aid of bribery and corruption. Since then, it has been a story of disappointment and grief for the Portland Cement Zambia.

Zambia Reports lied about Dr. Rajan Mahtani and Mr. Justin Chinyanta

Zambia Reports is in a habit of lying. It has always tried to create a rift between Dr. Rajan Mahtani and people who are close to him. Fake claims, wrong conclusions and imaginative stories constitutes to a majority of their articles. One of its recent articles claimed that Mr. Chinyanta, CEO for Loita Group has expressed disinterest towards investing in Zambia because of the rigid obligations from the Mahtani group of Companies. However, when media approached Mr. Chinyanta with regard to his comment posted on Zambia Reports, he claimed the following:

Dr. Rajan Mahtani

The shameful act of Zambia Reports has made it evident that the Ventriglia family is using every single tactics to defame the former Finance Bank Chairman and with every passing days the attacks are becoming more violent.

Another fail for Zambia Reports, Justin Chinyanta respect Dr. Rajan Mahtani

As days go by, the attempts by the conspirators are getting desperate. In a recent publication, Zambia Reports claimed that the CEO of Loita Group, Justin Chinyanta has made ‘disparaging remarks’ against the former Finance Bank Chairman, Dr. Rajan Mahtani. The coverage was presented in such a manner whereby innocent Zambian citizens would have thought that Rajan Mahtani is truly a dishonest person and deserves to be punished.

To be on the side of a realist, it is being informed to all that the published article is nothing more than a piece of imaginative story produced by the authors of Zambia Reports. Sakwiba Sikota, who runs Zambia Reports in Zambia, has tried his level best to ensure that confusion takes place between the mentioned parties. However, Justin Chinyanta has disclosed his true intent to Zambian Watchdog and one of the lines which touched the heart of millions read as:

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The brotherly love which Mr. Chinyanta has for Dr. Mahtani is purely out of the contribution which the latter has made to development of Zambia and its people. It is sad to learn that the Ventriglia family along with Sakwiba Sikota and Rupiah Banda are trying to defame Dr Rajan Mahtani because he has stood up for the injustice which is taking place in Portland Cement Zambia and is fighting on behalf of Finsbury Investments.

There are confirmed reports which states that Zambia Reports is facing a closure very soon as it has violated various European Laws as well as law from the US and UK. Clare Locke LLP, on behalf of Dr. Rajan Mahtani, has requested GoDaddy to discontinue hosting the infamous news portal because of its shameful action and series of conspiracies. It is sad, that in spite of numerous warnings, the news portal has not learned from its mistakes.

Can we stop the nuisance, Portland Cement Zambia needs a leader, not a stealer

How many times have the conspirators tried to take down Dr. Rajan Mahtani? The answer is- hundreds and thousands of time! This is because the conspirators feel that they are actually inducing people to believe that Dr. Rajan Mahtani is a dishonest person. However, the truth is that they are living in a world of imagination. Recently, Zambia Reports claimed that they have captured an incident where Dr. Mahtani was trying to bribe Government Officials for his passport. The mentioned amount was specific as well- $ 1 million.

Sadly, they forgot to realize the fact that Dr. Rajan Mahtani holds degree himself and is educated enough to realize the fact that he can get his passport through Court instead of spending so much.

Rajan Mahtani 3

The whole conspiracy is being run with a view to win Portland Cement Zambia and the Ventriglia family is playing the role of the mastermind. Nevertheless, it is expected that the conspiracy will soon been eliminated and Portland Cement Zambia will once again fall in the hands of the its true owner, Finsbury Investments.

The risk of investing at the Zambezi Portland Cement Factory

The history of the Zambezi Portland Cement factory has changed within the past few months. What once used to be a flourishing factory has now become a degraded entity which is struggling to meet its basic requirements. A prominent reason behind its poor performance is its management. At present, the minority shareholders of the ZPC, Ventriglia family are managing the affairs of the company and are busy making offshore transfers.

There have been reports where the workers have addressed their grievances and have specifically mentioned that they were not paid their salary for the month of April. Additionally, the working conditions are also very hazardous which results in a serious threat to the life of the employees at the ZPC.

Zambezi Portland Cement

Given the present situation, the ZPC is being operated with a view to generate maximum revenues based on its past reputation and one shall definitely think twice before entering into a contract with the Ventriglia family. They have a long history of money laundering and employee mistreatment. Earlier they had paid a price for their actions as they were deported from Africa in 2012. However, with the death of Michael Sata in November 2014, they were once again brought back to Africa through corrupt Government officials and their malpractice has resumed ever since day 1.

Dr. Rajan Lekhraj Mahtani has been the prime target of the conspirators as he was the one who stood in between them and ZPC. This has resulted in a serious defamation campaign against his name along with an infamous arrest, which took place on July 2 2015. A closed case was re-opened without showing any respect for the law and a senior-citizen like Dr. Rajan Mahtani was put behind the bars. Shortly after, Dr. Mahtani was released from jail and obtained a judicial review from the Lusaka High Court on June 25 2015.

Rupiah Banda wanted to settle scores with Dr. Rajan Mahtani- 2015

The Executive Director of Zambian Voice, Chilufya Tayali insists that the former President Rupiah Banda had a long list of corruption charges. Most of her activities relate to abuse of power in the Nigerian oil deal.

When it comes to determining the relationship between Rupiah Banda and corruption, the list can go very long as there has been numerous instances where Zambia and rest of the Africa has witnessed that she had abused her powers to ensure that her personal benefits remains the primary focus.

Dr Rajan Mahtani

In a recent article, Chilufya Tayali did mention that the arrest of Dr. Rajan Mahtani was purely made with an intent to settle scores. Previously in 2012, the case of signature forgery was closed permanently, but the power of money ensured that Dr. Mahtani was put behind the bars.

However, the news suggests that on June 25 2015, Dr. Rajan Mahtani has received a judicial review from the Lusaka High Court and has the right to question his arrest on June 2 2015. In the meantime, the arrest order which was placed by the DPP now stands as ‘stay’ and no further interrogation can be made in this regard.