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.

The Portland Cement Zambia has witnessed one of the most horrific situation in recent times when Ventriglia family looted it and left the premise deserted. Today, there is no operations in the place and workers remain jobless. All that has taken place within the factory is mismanagement and corruption.

The logic which was used by Ventriglias to destroy Portland Cement Zambia is simple, when you cannot win it, simply, destroy it. When false attempts and forced changes didn’t work for the Italian Mafias, they chose to have the factory in some other way. Their blueprint included shifting the factory cash and bank balances to offshore accounts and diversifying other assets to dummy companies. In this way, the Portland Cement Zambia was left hollow. An astonishing fact that took place with this event was Government’s reaction.

Any Zambian can easily understand the fact that there was some sort of understanding between Ventriglia family and officials. This is why there hasn’t been any legal action against them. Moreover, figures like Sakwiba Sikota and Rupiah Banda offer a strong support to Italian Mafias. This has resulted in development of a fearless attitude in them. Today thousands of Zambians have suffered from the loss of Portland Cement Zambia. Workers were fired without any prior intimation, existing workers were not paid salary on time and mistreatment came as an implied condition. This is how low the Italian Mafias have gone down. There is not much left in the factory and it has become a serious question that how long can the factory survive like this. Dr. Rajan Mahtani has stood up as a hindrance for the Mafias and is representing Finsbury Investments, but at the moment the Government has kept its eye shut on this matter and made it obvious that no actions would be taken to preserve the interest of the innocent citizens.

A workplace is known by its workers. It is the workers who reflect prosperity of an organization, but what is more important than workers and factory’s development is the attitude of the management. If a management is not willing to take care of workers, factory will soon start to lose its balance and end up incurring losses. This is the story of Zambezi Portland Cement Factory!

Continue reading Workers of Zambezi Portland Cement depressed →

Days turn into a nightmare when something utterly bad happens. The story of Portland Cement Zambia is somewhat like an old tale where a thriving kingdom loses its King and is then ruled by a group of bandits. After the Finsbury Investments was forcefully removed from the management, the factory has been left at the mercy of the Ventriglia family. The result of this change has made PCZ into a furniture which is being eaten by termites. All the cash has been safely transferred to offshore banking units and a majority of the factory’s assets has been cunningly transferred to dummy companies, which is actually owned by the Ventriglias themselves.

It was reported that Portland Cement Zambia had stopped its operations in December 2015 and since then, the factory has not been involved in any productive activity. About 43 trucks of the factory now belong to Miloto Transport. Moreover, the properties of the factory have also been given to Astrea Investments Ltd., another bogus company owned by the two pillars of the Ventriglia family, Manuela Sebastiani Ventriglia and Antoni Ventriglia. Under such circumstance, the questions that arises is whether the Italian Mafias as trying to wind up the factory and make an exit from Zambia?

Stealing Portland Cement Zambia won’t be easy

However, one thing that the Ventriglia family has failed to consider is that they are the minority shareholders of the factory and they do not possess the power to take key decisions of the factory. Without taking a prior approval of Finsbury Investment and the High Court, Portland Cement Zambia cannot be shut down and no other power in the world can suppress the fact that the Italian Mafias have broken the Zambian law on various circumstances. But, this time around it is for sure that the conspirators will pay for their ignorance and defamation campaign.