Adding insult to injury for Zambezi Portland Cement

The Zambezi Portland Cement has been going through all the hardships in the past one and half years. Ever since the Ventriglia took over the factory in April 2015, they have ensured that the factory remains as a constant source of income of them, but with the wrong arrangement. The production has been halted since December 2015 and at the present the resource of the factories are constantly being shifted to new entities which itself are linked to the notorious Italian Mafias.

Zambezi Portland Cement

To add insult to the injury, the Court on 19 May 2016 refused to appoint a liquidator for Zambezi Portland Cement because the ownership of the factory is still an issue of conflict. The appeal to liquidate the factory was proposed by Finsbury Investments in May 2015 to which the other party, that is, the Ventriglias haven’t responded till date. In return, they have prepared their own fabricated documents of the factory and are busy channelizing the resources. Two incidents where these actions were caught red-handed are Miloto Transport and Astrea Investment. Both these entities are wholly owned by the Ventriglia family and have no business to play. Yet, they are currently the owner of 43 trucks from ZPC and the premise of the factory.

The event itself shows that how the Ventriglia family have played a cunning game against the innocent people of Zambia. On one hand, they have kept the ownership of the factory in dispute so that no legal step can be taken against the factory and on the other hand, they are silently continuing to loot the premise and ensure that Finsbury Investments have nothing to operate in the factory. The key players supporting this carnage in Ndola are Sakwiba Sikota and Zambia Reports. It is one of those days in Zambia where dark clouds of corruption has covered the blue sky of development.