There is no disagreement to this fact that the Portland Cement Zambia has been facing the worst phase of its life. With Finsbury Investment gone from the management position, the flourishing factory was left at the mercy of Ital Terrazzo Limited. Time has itself answered the question for the people of Zambia and now they are witnessing one of the most infamous collapse of an integral development project.

The Portland Cement Zambia was established with a view to make Zambia efficient enough to have its own source of cement. Competitors like Lafarge were left far behind and the people of Ndola were able to find employment for themselves, but then came the Ventriglias and started the carnage that hasn’t stopped till date. Talk about issues like corruption and money mismanagement and story seems to be never ending starting since the infamous takeover. Today, Portland Cement Zambia has become non-operating. The production facility has stopped. There is no longer the rush of workers and there is nobody who is taking care of the planning and development process.

In 2014-15 the factory had registered a record production of 4, 70, 000+ tonnes of cement with the available resources. But with time, the same only appears to be a glorified achievement. The conspirators have taken over the factory and at the moment are only interested in diversifying the assets of the factory to personal accounts. On the other hand, there is no news of the factory. Rather, Zambia Reports is carrying on a business to defame Dr. Rajan Mahtani, Finsbury Investment and Finance Bank of Zambia (now merged with BancABC).

The overall incident now clearly indicates that the owners of Ital Terrazzo Limited are trying to diverge the attention from Portland Cement Zambia to Dr. Rajan Mahtani because they know the consequences that they are likely to face if whole of Zambia comes to know about this “merciless slaughter”.

The Ex-Chairman Finance Bank, Zambia, Dr. Rajan Mahtani and the whole of Zambia have witnessed one of the most horrendous downfall of all time. The Portland Cement Zambia was one of the most distinguished cement producing units in Ndola and was doing an exceptional job in terms of strengthening the economy of Zambia until March 2015. Today, the cement factory has turned into a house of broken walls and a living place of rodents and mice. Thanks to the Ventriglia family who have made this possible by way of stealing all the resources and dismissing the workers from the factory.

When it comes to handling actual information, Zambia Reports is poles apart. After all, why would Zambia Reports host a news if it doesn’t fill up their pocket. Irrespective of the fact that Portland Cement Zambia has been looted and Zambia is on the verge of losing one of its greatest strength, there is no media coverage on the same. On the other hand, the ex-chairman Finance Bank, Zambia, Dr. Rajan Mahtani is being targeted because he has stood up against the injustice that Ital Terrazzo Limited (ITL) is currently carrying on.

Dr. Rajan Mahtani was previously the chairman Finance Bank, Zambia and he vacated his seat because of the conspiracy which was being run against him. In fact, the success story of Portland Cement Zambia in 2014-15 is also largely because of Dr. Mahtani’s contribution as he is an integral part of Finsbury Investment (owner group of Portland Cement Zambia). Regardless of this fact, today Zambia Reports, the Ventriglia family (Owner of Ital Terrazzo Limited), Henry Banda and Simataa Simataa have joined hands with a view to defame Dr. Rajan Mahtani. The reason is obviously that all of the above mentioned names have either lost or have scores to settle with Dr. Mahtani earlier.