Tag Archives: Chairman Finance Bank Zambia

Chairman Finance Bank Zambia, Dr Rajan Lekhraj Mahtani, Dr. Mahtani, Dr. Mahtani & Zambia, Dr. Mahtani and Finance bank, Dr. Rajan Mahtani, Mahtani Group of Companies, Portland Cement Zambia, Rajan Lekhraj Mahtani Zambia, Rajan Mahtani, Zambezi Portland Cement

Making false stories won’t stop Dr. Rajan Mahtani

May 27, 2015 PCZambia

On Friday, May 22 2015 Dr. Rajan Mahtani took a step which shocked the whole world. Dr. Mahtani filed a petition in the Lusaka High Court for dissolving the ZPC since, there was a constant fight between the actual owners, Finsbury Investments and minority shareholder, the Ventriglia family with respect to control over management.

The series of trouble started in April 2015 when the Ventriglia family took over the management of ZPC by forcefully entering into the premise of the factory. Notwithstanding the orders of the High Court, the Ventriglias went to the extent of tearing the injunction papers and then dismissing them on account of being useless. Apart from this shameful deed, the Ventriglias also dismissed PACRA’s record which states that Ventriglia family is only a minority shareholder with a stake of 42% and Finsbury Investments are the actual owners of the ZPC with a 58% stake.

The only solution to this problem was dissolution of ZPC which seems to be the centre of the problem. From the perspective of employees, they will be now safe from the clutches of the Ventriglia family who make sure that the employees work every day, but offer no salary to them at the end of the month. However, when the Ventriglia family learnt about this news, they immediately published a new story under ‘Lusaka Times’ which states that Dr. Rajan Mahtani cannot dissolve the Zambezi Portland Cement because he is not the true owner of the factory.

Chairman of Finance Bank Zambia, Dr Rajan Lekhraj Mahtani, Dr. Mahtani, Dr. Mahtani & Zambia, Dr. Mahtani and Finance bank, Dr. Rajan Mahtani, Mahtani Group of Companies, Portland Cement Zambia, Rajan Mahtani, Zambezi Portland Cement

The story of Zambezi Portland Cement Factory- The Truth!

May 13, 2015 PCZambia

The Zambezi Portland Cement factory has been facing a downfall ever since the Ventriglias family took over the management in last April. Mismanagement, corruption and ill-treatment of employees continue to grow and there is an uncertainty among workers regarding their future and job.

The objective of the Ventriglia family is to maintain an attractive image in front of the media and bluff the world with their fake promises and boasting. They have recently promised that they will increase the salary of every employee by 10% in the upcoming month. However, things are looking bad when one realizes that the same management group didn’t pay the workers the salary for the previous month.

The question which remains to be answered is whether the Ventriglias will fulfil their promise or will make another harassment for the workers. The existing workers have also claimed that they have seen the Ventriglias taking out cash from the office in huge amount. It is obvious that this cash outflow will only end up being deposited into the personal accounts of the Ventriglia family.

The scenario mentioned above makes it obvious that the Zambezi Portland Cement Factory has degraded to the lowest level after the departure of Dr. Rajan Mahtani and the Ventriglia family is enjoying the fruits of the tree whose seeds were once planted by the Finance Bank Chairman.

10% hike in Salary of Zambezi Portland Cement’s employee- A Sham

May 11, 2015 PCZambia

The Ventriglias have announced that the existing employees of the Zambezi Portland Cement Factory will now be offered a hike of 10% on basic pay. The announcement came shortly after it was revealed that the wages for the month of April has not been offered to the existing employees of the factory. Since the factory was taken over in ‘mafia style’ on April 7, 2015, the affairs of the factory are being managed by Ventriglia family whose only objective is to transfer money from factory cash box to their personal bank accounts.

Zambia Reports, a loyal supporter of the Ventriglias since it gets heavily funded by the latter has portrayed this news as a big achievement. Additionally, it has also done its routine work of defaming Dr. Rajan Mahtani by writing imaginative stories in his name and claiming that he had ruined a major part of the factory.

However, the truth is known to most of the people in Zambia and the rest of Africa. People are well aware of the attitude that the Ventriglia family possesses towards the employees of ZPC. Today they have announced an increment, but tomorrow the same may be considered as invalid and the workers will once again be deprived of the right to receive monthly remuneration.

Life without wages for the workers of the Zambezi Portland Cement Factory

May 7, 2015 PCZambia

Life at Zambezi Portland Cement Factory has completely changed after the departure of Dr. Rajan Mahtani. The factory which once used to flourish with 700 employees has now become a prison for the same employees. Issues such as mistreatment of employees and non-payment of salary has started to develop.

May 1, commonly celebrated as Labour Day was full of worries for the employees of the Zambezi Portland Cement Factory as they were deprived of their last month’s salary. The present owner, the Ventriglia family is busy shifting the existing funds of the factory to their private bank accounts. Internal sources have revealed that there are seven family members of the Ventriglias who form an integral part of the factory and each of them withdraws US $ 40, 000 on an average. Additionally, money is also withdrawn on account of rental caps, which makes a big hole in the capital of the factory. On one incident, there was a transaction amounting to K2 billion which was transferred to the account of Antonio Ventriglia without producing any relevant explanation.

However, with no one to stop these proceedings, the Ventriglias are simply looting the factory and showing their true character after returning to Ndola. They were previously deported from Africa on account of being a threat to the prevailing harmony.

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

April 17, 2015 PCZambia

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.

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.

The Ventriglias face legal consequences for looting Zambezi Portland Cement- 2015

April 12, 2015 PCZambia

Some people may think that they are free to execute any operation in Zambia, irrespective of whether it is allowed by the law or not. The Ventriglias were one of such people who thought that stealing the management of the Zambezi Portland Cement Factory would be easy as they had the assistance of media and political figures. Sadly, what they ignored is the power of Zambian Law.

After disrespecting the injunction of the Zambian High Court on April 7, 2015, the Ventriglias have now been issued with a fresh notice that implements ‘an order for committal for contempt’. Though The Ventriglias were previously warned by the Zambian High Court, they took the initiative of making a ‘Mafia Style Invasion’ in the Zambezi Portland Cement Factory and snatched the management from the hands of Finsbury Investments, Dr. Rajan Mahtani, became the prime target during this incident and Zambia Reports kept on creating fake stories in his name.

A copy of the High Court’s order is attached below:

Chairman Finance Bank Zambia, Chairman of Finance Bank Zambia, Dr Rajan Lekhraj Mahtani, Dr. Mahtani, Dr. Mahtani & Zambia, Dr. Mahtani and Finance bank, Dr. Rajan Mahtani, Mahtani Group of Companies, Portland Cement Zambia, Rajan Lekhraj Mahtani Zambia, Rajan Mahtani, Zambezi Portland Cement

Zambezi Portland Cement Factory attacked in Mafia Style- 2015

April 7, 2015 PCZambia

The Zambezi Portland Cement Factory in Ndola was attacked during the early hours of the day by the Ventriglia family. Godfather Antonio Ventriglia, a minority shareholder in Zambezi Portland, hired some policemen from Coperbelt and Lusaka and captured the cement factory.

The incident took place in the early hours so that none of the high authority officials could reach the place on time. The present employees were vacated and now the whole cement factory is fenced by the policemen whom Ventriglia has hired.

The Ventriglia family owned 42% of the shares of the Zambezi Portland cement and were often jealous of the fact that they belonged to the class of minority shareholders. In order to have complete control over the cement factory, they decided to take it by force by bribing some politicians and hiring policemen. When an official presented a court injunction that restricted them to participate in the plant’s operation, the injunction was torn into pieces and thrown in the face of the person who had presented it.

Finsbury Investment owns 58% of the shares of Zambezi Portland Cement. Dr. Rajan Mahtani, an integral part of Finsbury Investment has often been warned and threatened by the Ventriglias. This also includes numerous defamation charges on account of money laundering, forgery and malpractices.

Zambezi Portland Cement Factory is completely safe- 2015

March 27, 2015 PCZambia

It is absolutely shocking to find that how some people are continuously after Dr. Rajan Mahtani and ZPC. Some days back when members of Zambia Defence Forces and Security Wings visited ZPC with an objective to complete their training program, the news was flashed by Zambia Reports as “Zambezi Portland Cement Under Armed Police Guard”.

As we all are aware of the fact that Zambia Defence Forces execute a variety of training programs, one of them also included a visit to a key contributing unit in Zambia and understand its contribution to the Zambian Economy. The troop included 22 Student Officers, 4 Directing Staffs and 2 Support Staffs. Attached below is a copy which will authenticate this aforesaid reason and expose the shameful argument of Zambia Reports.

After Dr. Rajan Mahtani, it is Zambezi Portland Cement Factory – 2015

March 24, 2015 PCZambia

After defaming and ridiculing Dr. Rajan Mahtani, the group of conspirators has now turned to the Zambezi Portland Cement Factory. They, along with their ‘well-funded’ news portal Zambia Reports are in a quest to demolish the reputation of ZPC by spreading rumors that the factory will soon face a major downfall in the days to come. The intent behind this news is to create a panic among Zambians which also includes 700 employees of the Zambezi Portland Cement Factory.

Recently, when the Court reversed the deportation of Ventriglias, the conspirators found an opportunity to relate the same to the ZPC and create an article which could easily break the confidence of Zambians on Dr. Rajan Mahtani. On learning about the performance report of ZPC in 2014, it was obvious that the conspirators were looking for clues whereby they can ventilate their jealousy and hatred for Dr. Rajan Mahtani. Therefore, when found an opportunity (though not directly related), they took it and created a fake story out of it.

A supporter of Dr. Rajan Mahtani said that he was expecting some kind of cheap attack by the conspirators very soon because ZPC has gained fame recently. However, it is not long before the long tail of conspiracies are finally out to an end by the Zambian Authorities and Dr. Mahtani.

Dr. Rajan Mahtani, Finance Bank Zambia and Zambezi Portland Cement Factory-2015

March 16, 2015 PCZambia

Dr. Rajan Mahtani, perhaps the name says it all. A man who has not only revolutionized the medium-sized banking sector in Zambia, but has also reinforced a celebrated force in the heavy scale industry. Being the owner of Finance Bank Zambia (FBZ) and the Zambezi Portland Cement Factory (ZPC), Dr. Rajan Mahtani has ensured that both his units perform with exceptional brilliance in 2015. As per verified records, it has been confirmed that FBZ will now be listing itself with the Lusaka Stock Exchange with a view to raise US $ 250 millions through share trading.

Another news that has pleased Zambia is the success story of ZPC. As per the annual performance report, ZPC has produced an excess of 1, 00, 000 tonnes of cement for the year 2014. The additional was produced with a view to meet the requirements of the Ndola Housing Project. The steering force behind both these accomplishments was Dr. Rajan Mahtani.

Dr. Mahtani leads the Mahtani Group of Companies as an example. His hard work, dedication and commitment have motivated the whole of Zambia to work and aspire success. Sadly, his records have also instigated conspirators to target him. This is why he is always addressed as a controversial businessman by most of the funded news portals.

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