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

Rajan Mahtani and Ventriglias were friends, turned foes

May 12, 2016 PCZambia

The fight for Portland Cement Zambia seemed never-ending until the official documents were brought for public display. The release has given a clear insight into how things took place one after the other along with the necessity to know certain facts which was earlier concealed. The first major shocker was that the inception of Portland Cement Zambia was possible only because Rajan Mahtani had agreed to offer his goodwill to the project. For a company like Ital Terrazzo Limited, owned by the Ventriglia family, it was almost impossible to accumulate a funding of USD 24 million from the market as investors would not have trusted a company whose prior presence in the market was close to nil.

The decision to lend his name to the Ndola based cement plant was made out of a compassion of being family friends. The Mahtani family and the Ventriglia family were good friends and it was the result of this relationship that made it possible for ITL to get a cement factory in Ndola. However, scenario took a turn when the Ventriglia family started to eye the profits made by the factory. They slowly started to consider that the whole profit of the factory belonged to them and Finsbury Investments were serving as a hindrance between them and the fortune. This is why they preferred to forget the friendship and started to target Rajan Mahtani and his associated ventures.

At the present day, the Rajan Mahtani is the biggest hurdle that ITL has to pass in order to have complete access to the PCZ. The only thing which is stopping them from having the complete ownership of the factory is the judgement of the Lusaka High Court. Time and over again, they have appealed with senseless arguments and lost. This is why the friendship has turned into enmity for the Italian Mafias.

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

The Dr. Rajan Mahtani that you didn’t knew about

May 9, 2016 PCZambia

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.

Rajan Mahtani was defamed with false allegations

May 3, 2016 PCZambia

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.

Truth vs Lies- Exclusive report on Dr. Rajan Mahtani

May 2, 2016 PCZambia

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 Trust of Dr. Mahtani and Finance Bank was broken

April 26, 2016 PCZambia

How heartbroken one feels when someone close breaks the trust for personal gains. A similar incident happened with Dr. Mahtani and Finance Bank when the Ventriglias started their defamation campaign against Dr. Rajan Lekhraj Mahtani with a view to take over the Portland Cement Zambia. According to a recent Official Document presented on 1 April 2016, it has been proved that the Ventriglia family lacked finance to establish a cement plant in Ndola and as a result took financial assistance from Finsbury Investment with a view to shape their business idea. The result was that Dr. Rajan Mahtani agreed to help them raise USD 24 million to build Portland Cement Zambia. Apart from this arrangement, the agreement of share was also made where Finsbury Investment would hold 58% of the shares and Ital Terrazzo Limited was entitled to receive 42% of the total shares.

Within the first few years, everything took place in routine. However, some years later it started to float that Dr. Mahtani and Finance Bank had forged signatures to take over the Portland Cement Zambia’s ownership. To make things more complicated, the Ventriglia family started to take assistance from the infamous news channel Zambia Reports and started the defamation campaign. This is where things started to get ugly and finally the Government under Michael Sata had to deport the minority shareholders of the Zambezi Portland Cement Factory.

Over the past few years, the Ventriglias have once again come back to Zambia after the new President, Edgar Lungu, was appointed. At the moment, every day or the other, there is a defamatory article in the name of Dr. Mahtani and Finance Bank. This has made the situation worse and the locals tend to misled with every single publication of ZR. Nevertheless, the legal system in Zambia has upheld its sovereignty and continues to be unbiased.

Holiday over, back to defaming Dr. Rajan Lekhraj Mahtani

April 15, 2016 PCZambia

After a well-deserved break from routine activity of defaming Dr. Rajan Mahtani, the writers are back in business with some more entertaining news. As per the latest news in Zambia Reports, they have reached new levels of insanity by claiming that Dr. Rajan Mahtani is busy funding political parties in opposition as well as in power. To put in clear terms, they are claiming that Dr. Mahtani is funding UPND, DF and Cabinet Ministers of PF, all at the same time.

Isn’t it absolutely hilarious to hear such claims? A businessman has been first dragged into controversies by Zambia Reports and now they are trying to link him to political parties. In quest of serving the needs of its financiers, ZR has failed to realize the direction in which they are moving ahead. A businessman understands business and expansion. The Luapula Province has recently confirmed that Mahtani Group of Companies is going to setup bio-ethanol plant through a venture in that region. This news can be trusted because a businessman will invest in areas where it can generate profits through operation.

The evidences produced by Zambia Reports are also as useless as their arguments. They have often fabricated materials and tried to put up a brave show by talking on behalf of their financier and operators. Nevertheless, they have failed to learn that there is nothing supreme than the truth. Each and every time ZR has claimed something wrong, it has been thrashed by the locals as well as other journalists. But the same has not changed its course of action. All that matters to them is money and a lot of money. Their intent to serve few has resulted in devastation of thousands of Zambians in Ndola and still they haven’t leartn from their experience. This is certainly NOT the way a news portal operates.

Zambezi Portland Cement- helpless & broken

April 12, 2016 PCZambia

The Zambezi Portland Cement is nearing its end as the Ventriglia family has chosen to wrap up everything and escape to Italy with all the riches. Local people and Finsbury Investment have no power over the exercises of the processing plant. All that the occupants can do is to sit tight for Government to take some action, however right now it looks that the Government is not intrigued to intrude on this plunder. The production line has been manhandled through botch and mismanagement, yet there is no activity from the people who are running this nation and the reason is self-evident ‘cash power!’

In 2014, the industrial facility was running under Finsbury Investments and was flourishing. Benefits were rising, arrangements were growing and above all, local people were able to live a life full of dignity. Be that as it may, with the entry of the Ventriglia family the benefits went down, arrangements were hindered and local people were removed from their job. This is how the devastation of Zambezi Portland Cement started. Endless number of assaults were made on Finsbury Investments and Dr. Rajan Mahtani so that the Italian Mafias could proceed with the loot at ZPC and today when nothing is left in the factory, the Italian Mafias want to leave Zambia and flee to their country.

In a nation like Zambia it is difficult for outsiders to enter the country and begin with their endeavors to take the wealth of the country. It is just conceivable when some key individuals begin supporting the foreigners. This is precisely what has happened on account of Zambezi Portland Cement. With zero Government obstruction in the plunder, it has ended up apparent that there was something fishy and there may have been a concealed enthusiasm of the supporters. It is peculiar to perceive how a few individuals can sell out their own country with the end goal of topping off their own financial balance.

When you cannot steal it, destroy it- Portland Cement Zambia

April 5, 2016 PCZambia

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.