Ever since the Zambezi Portland Cement has been running under the management of Ital Terrazzo Limited, it has been obvious that neither the workers not the economy of Zambia have been benefitted from the same. There have been incidents where the workers have been dismissed on account of lack of work in the factory. Now to ascertain the truth, how can a factory have less work for its workers when in the past year it surpassed its existing forecasted output by almost 1,00,000 tonnes.

Going back to 2014, one can clearly see that Zambezi Portland Cement was one of the best performing industry in Zambia and had registered remarkable profits and surplus production. But within a matter of months, the factory was taken up by the Ventriglia family in their typical mafia style and since then, they have been controlling all the operations of the factory. During their management period, the factory ran into losses for the first time, the workers lost their jobs and now it is on the verge of being of shut down as the production has stopped from December 2015.

From the actions of the Ventriglia family, it is evident that they have not come in Zambia to develop their business or to run a profitable organization. They have simply come over here to loot the riches and go back to Italy where they run their own set of businesses. For long, they have been planning to exploit the resources of Zambia with a view to get personal gains, but it was only possible when entities like Zambia Reports started supporting them in return for some good cash. The end result is that the factory has hardly anything left in it and is on the verge of collapsing. The only questions that every resident of Ndola wants to know is when will Zambezi Portland Cement shut down permanently?

The scene at the Portland Cement Zambia is getting worse with every passing day. Not only have the conspirators found a convenient way of exploiting the resources of the cement factory, but they have also been able to take advantage of the confusion that prevails with respect to the ownership of the plant. In a proposal which was made by Finsbury Investments in May 2015, it was suggested to appoint a liquidator and dissolve the factory as its ownership was constantly a subject of conflict. Sadly, the whole proposal was ignored by the minorities, Ital Terrazzo Limited and the result of this impact was that on 19 May, 2016 the Court refused to appoint a liquidator.

Failing to appoint a liquidator implies that the Portland Cement Zambia would continue to be exploited by the minority shareholders, who at the moment are having full control over the management of the plant. They have also managed to leak out the assets of the factory through development of bogus companies such as Astrea Investment and Miloto Transport. The former currently holds the fabricated title deeds of the Portland Cement Zambia and the later holds about 43 trucks of the factory.

In respect of such conditions, it has become obvious that Dr. Mahtani & Zambia have been reduced to mere witness. All that they can do now is to hope for justice to prevail. Portland Cement Zambia had been a performer in 2014-15, but as soon as the factory was taken over by the Ventriglia family, the downfall began. As of today, the unit has no production facility and everything has been ruined including the workers and the infrastructure of the facility. The carnage at the Portland Cement Zambia is nothing, but the failure of the Government to respond to an emergency situation for the locals of Ndola.

In a claim which has been turned down by the Court on May 19, 2016 it has been learnt that the Honourable Judge Flavia Chishimba found the present condition of Portland Cement Zambia under dispute of ownership. As per her verdict, it was suggested that liquidation of PCZ is only possible where the ownership of the factory is decided and the decade long questions is finally answered.

Since 2008, Ital Terrazzo Limited has been busy claiming that Finsbury Investment stole 58% of the shares through forgery and the remaining 42% already belongs to them. The claim has already been settled in 2012 judgement where Lusaka High Court decided that the shareholding pattern was legitimate. Even PACRA has the same information stored in its register. Still, the concussion at the present date ensured that the liquidator is not appointed.

On the other hand, it is the Ventriglia family who has played games after games with the judicial system of Zambia. Recently they created nuermous bogus companies out of which Miloto Transport and Astrea Investments were two of the most prominent ones. Around 43 trucks from Portland Cement Zambia have been shifted to Miloto transport and the title deeds of the factory have been leased to Astrea Investments. The confidence of the Ventriglia family was such that they have confessed about the same in open as well.

The bottom line of this discussion is to give a thought to the range of events which goes around Zambia. On one hand, a company fails to secure the permission to appoint a liquidator, given all documents are authentic and on the other hand, there are people who are fearless about their actions and are claiming their illegal activities with pride. Dr. Rajan Mahtani has often believed that there is no alternative to truth and hopefully the people of Zambia would soon come to known about the truth. Read the complete story here: http://goo.gl/fFZ810

The Ventriglia family, or more commonly known as the Ndolan Mafias have once again made a comeback in the defamation campaign with the aid of Zambia Reports. According to the latest publication of ZR, they are celebrating a win as Court has refused to honor the appeal of Dr. Rajan Mahtani in respect of illegal takeover by the Ventriglia family in April. The article is as usual misleading and makes a desperate attempt to draw the attention of the audience.

There are certain things worth noticing in the publication. In the first place, it has been said that the Ventriglias shall continue to have control over the factory. Secondly, the writer once again cries about the forgery issue and thirdly, the article claims that Dr. Rajan Mahtani will not have control over Zambezi Portland Cement.

Now let’s take a look at those points independently. The first claim hardly matter as the factory has stopped its operations since December 2015. So what are the Ventriglias operating at the moment? In the second place, the writer has continued with his habit of making claims that have already been settled and decided by the Court in the past. And the last claim is the worst of all. Dr. Rajan Mahtani has never controlled Zambezi Portland Cement factory. It is Finsbury Investments who has been controlling the affairs in the factory and Dr. Mahtani is just a part of it.

The authors of Zambia Reports have lost their sanity and morals infront of the cash which is being offered by the Ventriglias. They have clearly missed the line and have simply created a PR article which looks forward to defame Dr. Rajan Mahtani. On one hand, the Italian Mafias are looting the resource of the nation and on the other hand, there are some people who are helping these Mafias to drown their own brothers.

Dr. Rajan Mahtani has often been portrayed as a controversial figure in Zambia. With most of the credit for defamation going to Zambia Reports and the Ventriglia family, the conspirators have constantly tried to ensure that Zambia remains misled. The truth about Dr. Rajan Mahtani is known to all- he is a respected businessman in Zambia and the Executive Chairman of MCG (Mahtani Group of Companies). However, there are numerous other information as well which has remained hidden from the world. Here are few in sight.

Dr. Rajan Mahtani took over an expanding business from his father and continued to work for the development of Zambia. It was during this time that the family friends, Ventriglias, decided to take help from Dr. Mahtani in respect of raising funds for establishing a new cement plant in the region of Ndola. Without the consent of Dr. Mahtani, it would have been impossible for ITL (Ital Terrazzo Limited.) to raise a fund which was almost USD 25 Million.

Another lesser known fact about Dr. Rajan Mahtani is that he possesses exceptional skills of patience. Today, when the conspirators are constantly making a nuisance in his name, he is patiently waiting for the legal system of Zambia to make its judgement. He has neither resorted to hiring paid media to counter attack the claims, nor is he threatening anybody to withdraw the claim. All that he has done is kept faith in the legal system and worked towards the development of the nation. Over the years, the conspirators have kept lying about Dr. Mahtani and tried to ruin his reputation. Nevertheless, the man has sustained the hardships and continues to make a difference for Zambia. May it be Portland Cement Zambia or Finance Bank of Zambia, his contribution will always be remembered as one of the biggest.

The former Finance Bank Chairman, Rajan Mahtani, has been falsely dragged into conspiracy by Zambia Reports, Sakwiba Sikota and most importantly the Ventriglia family. After the official documents were revealed for public display, it was learnt that it is not Rajan Mahtani who is at fault, but it is the Ventriglia family who have backstabbed the Chairman of Mahtani Group of Companies for their greed of money. The document clearly indicates that the ownership pattern of the cement plant would remain as 58% and 42% for FI and ITZ. But later on, it was the fabrication and false claim by the Italian Mafias that portrayed Rajan Mahtani as a controversial figure.

Once upon a time, Rajan Mahtani and Antonio Ventriglia were good family friends and it was the consent of Dr. Mahtani which made it possible for the world to have a unit like Portland Cement Zambia. A sum of US $ 24 million was raised only because investors believed in Rajan Mahtani. Had he refused to take part in development, the factory would have not existed today.

In the past, Portland Cement Zambia able to outplay even the cement giant, LaFarge, with its impressive production rate and pricing policy. Sadly, in April 2015 the Ventriglia family returned and took over the premise of PCZ. Till date, the premise remains in the hands of the Ventriglia family and internal sources suggest that they have converted the facility into a non-operating unit. There is nothing much left in the factory except for misery.

Zambia is currently surrounded by numerous conspiracy and the case of Rajan Mahtani is one of them. To have a clear insight into the matter, have a look at this document. It is clear that Dr. Rajan Lekhraj Mahtani has always been a true person, but the false news is playing its part in defaming him.

In the past few years, there has been several scenarios where different news portals have presented different viewpoints on Dr. Rajan Mahtani. Some regard him as an innocent man, whereas some consider him as a corrupt businessman. However, with the aid of paid media it has become extensively difficult to figure out the truth. This is why we have finally come up with something which is authentic as well as trustworthy. For the first time in this case, an official document has been published for public display so that all can get a clear view of on the Portland Cement Zambia.

The document contains complete information regarding the terms and conditions which was set in between Finsbury Investment and Ital Terrazzo Limited. As per the records, it was agreed that Finsbury Investments would get 58% share of the cement factory and the remaining would be in the hands of the minority shareholders, the Ventriglias. Another interesting fact that surfaced with the release of the document was that the Mahtani family and the Ventriglia family was once upon a time good friends. It was upon the request of the Ventriglia family that Dr. Rajan Mahtani had agreed to invest in the cement plan.

However, later on it was being claimed that the Ventriglias are the actual owners and Dr. Rajan Mahtani forged to put Finsbury Investments in control of the factory. The news has not only created a confusion among people of Zambia, but has also developed chaos in Zambia as the judicial system is constantly under the pressure to declare the true owners. The case has been in litigation from almost 7 years and till date the conspirators have managed to produce fake claims and hinder the process of neutral decision making. For an insight into the legal document, click here.