Dr. Rajan Mahtani is still an integral part of the Zambezi Portland Cement Factory- 2015

Recently, the attack of the Ventriglias and the Zambia Reports on the Zambezi Portland Cement Factory created a series of rumors in and around Ndola and the rest of Africa. On one hand, where the Ventriglias took the opportunity to steal the management of the ZPC, Zambia Reports continued to show its loyalty towards its funding party by way of publishing defamatory news against Dr. Rajan Mahtani.

Zambezi Portland Cement

Irrespective of the impact created by Zambia Reports, the truth has not been concealed yet. As per the documents of PACRA (Patents and Companies Registration Agency), the real owner of the ZPC is still the Finsbury Investments, who holds 58% of the shares of the unit. The Ventriglias belong to the minority group as their total shareholding compromises of only 42%. Their jealousy of not being able to participate in the management of the ZPC eventually led to a ‘Mafia Style’ attack on the premise of ZPC in the early hours of April 7, 2015. The attack witnessed the arrival of bandits who played an important role in implementing terror during the takeover.

Even though a legal injunction was produced by the officials on the scene, the same was torn into pieces and thrown in the face of the representative.