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.

Stop defaming Rajan Mahtani, consider your position ZR!

Zambia Reports has once again found itself in trouble after trying to mock Dr. Rajan Mahtani with its own version of story. However, this time the trouble has been caused by the locals who certainly had enough of this conspiracy and are looking forward to avoid the same. Here is the story which was published by Zambia Reports:

Rajan Mahtani

It is evident that people are getting tired of listening to the same old story and the same old claim. A judgement passed by the Lusaka High Court clearly regards Finsbury Investments as the actual owners, but the same has never been highlighted by Zambia Reports in the right manner. They have always followed what their masters have to say.

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Zambia Reports is well-known for hiding actual affairs and promoting whatever is asked by its masters. The outcome of this impact is that they are able to make good money. But, in the meantime they forgot their ethics and journalism. It has been ages since Zambia Reports has published any authentic content in the name of Dr. Rajan Mahtani. Most of their publication wither convict of being indulged in conspiracy or evading legal charges. Not for once their writers have the audacity to come out in public and claim what they have written on the website.

This has made the people furious about Zambia Reports and the resultant is that the people are no longer willing to accept the malicious articles presented by Zambia Report. In quest of making money, Zambia Reports has lost its place as a credible source of news. In the past Zambia Reports was also involved in running scandals against Finance Bank Zambia, Mahtani Group of Companies, Radisson Blu and Zambezi Portland Cement. All these entities are connected with Dr. Rajan Mahtani. Here are few more comments found in their news:

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Another shot on Dr. Mahtani & Zambia by conspirators

Zambia Reports has once again made its presence felt with the aid of its latest publication. The infamous news portal has recently published a new article which states that Chairman of Mahtani Group of Companies, Dr. Rajan Mahtani has lost an appeal in the case with respect to gaining the ownership of Zambezi Portland Cement factory. The articles goes into discussing the same old story which has been scripted by the conspirators and has been in use since time immemorial. Evans Mulenga, the author of the article, continues to present the same old argument of how Dr. Rajan Mahtani had forged signatures and how the factory’s ownership has been in dispute.

Dr. Mahtani & Zambia

Time and over again, it has been witnessed that the conspirators are constantly trying to play the blame game with Dr. Rajan Mahtani. Any person who is capable of thinking rationally can figure out that Finsbury Investment holds 58% of the share at ZPC and the remaining 42% shares remains with ITL. Now this makes it obvious that the Finsbury Investments are the actual owners of the factory. Now, what the conspirators are trying to do here is present a series of imaginative stories which would probably confuse and mislead the public and as a result, the reputation of Dr. Rajan Mahtani would be affected.

It is known to all that the name, Dr. Rajan Mahtani has been associated with numerous development activities in Zambia and Africa. On the other hand, the name of the Ventriglias can only be related to the issue of deportation in 2012. An owner will always care of the business and look after it like his own child, but since the factory has been in the hands of the Ventriglias, it has only seen downfalls and the result was that in December 2015 the factory stopped its operations.

Ventriglias played a dirty game with Dr. Rajan Mahtani

Dr. Rajan Mahtani, the ex-Chairman of Finance Bank, was cheated by the Ventriglias. No, this is not something which we are saying out of personal opinion or saying it as per the articles which were published about the achievements of Dr. Mahtani. We are saying this because we have a legitimate proof in the form of a legal documents. As per a recent release, the official document has been presented for public display whereby people can easily access the information contained and figure out the truth all by themselves.

Dr. Rajan Mahtani

The official document clearly indicates that Finsbury Investment has the right to hold 58% share of the Portland Cement Zambia and the remaining 42% share of the factory is to be vested in the hands of the Ital Terrazzo Limited. Apart from this clause, there were no other section which indicated that ITL would be having complete access to the management or will be owning 100% ownership of the factory. But sadly, the Italian Mafias have shown Zambia the dark side of their character by hatching a conspiracy against the Finance Bank, Dr. Rajan Mahtani and entities associated with Dr. Mahtani.

Previously, we all have seen that the conspirators wasted no time in making absurd claims such as Dr. Rajan Mahtani is financing political parties of Zambia and Dr. Mahtani bribing judge to have the decision in his favour. It is absolutely meaningless for these bunch of conspirators to make such allegations on a well-respected businessman. They have not only indulged themselves in shameful activities, but have also misled the locals. Thousands of Zambians have lost their jobs due to this conspiracy and it is upon the mismanagement of the Ventriglias that a well-established cement factory has turned into a non-performing unit from December 2015 onward. A dirty game was played in the land of Zambia and Government allowed it to prevail under its nose.

Dr. Mahtani & Zambia have been cheated and dumped

From the events that have surfaced now, it has become evident that Dr. Mahtani & Zambia have been cheated by a group of people, who were once their close allies. After a copy of Court’s order was made available for public display, it was seen that the real share of Portland Cement Zambia remained at 42% and 52% for Ital Terrazzo Limited and Finsbury Investments, respectively.

Dr Rajan Mahtani

In addition to the above mentioned fact, there were also other information which surfaced. One of the most shocking story was that the Mahtani family and the Ventriglia family were once upon a time family friends. The Ventriglias operated under the name of Ital Terrazzo Limited and Rajan Mahtani looked after Mahtani Group of Companies. Finsbury Investments also had Dr. Mahtani as one of its core members. When ITL insisted Dr. Mahtani helping them raise funds for setting up a new cement plant, Finsbury Investment came to the rescue and helped ITL to raise US $ 24 million.

Slowly, the factory began to operate and started generating huge profits. Witnessing the success, the Ventriglia family started to think about more money and eventually tried to push out Finsbury Investments from the clause by stating that the factory is 100% owned by ITL.

The incident clearly indicates that Dr. Mahtani & Zambia were cheated by the Italian Mafias and now they are fighting in their own country to preserve their own interest. How sad is that? Apart from the foreign invasion, there is also a group of jealous Zambians who are constantly helping the Ventriglia family to run this defamation campaign. Zambia Reports is actively involved in this campaign along with occasion appearance of other news portals as well. The only motivating factor which has been helping Dr. Mahtani & Zambia is the judicial system as it has refused to acknowledge any claim without any proper evidences supporting the same.

Official document- http://goo.gl/F4pVeh

Dr. Mahtani and Finance Bank developed Zambezi Portland Cement

New references continue to flow out as the official papers make an entry into public display. In a recently released official document it has been mentioned that the development of Zambezi Portland Cement would have been impossible without assistance from Dr. Mahtani and Finance Bank. To be precise, Dr. Mahtani agreed to help family friends, the Ventriglias to get the cement plant rolling in Ndola. The estimated requirement at that time was close to USD 24 million and it would certainly require the reputation of Dr. Rajan Lekhraj Mahtani to raise such funds.

Dr. Mahtani

As we dig deeper into this subject, we figure out that Zambezi Portland Cement was intended to serve Zambia and make profits out of sale of cement. But, all of a sudden greed started to creep in and the Ventriglias started to desire for more. The exiting ratio of 42% share in ZPC seemed too small for them and their new target was to get 100% ownership of the cement plant.

A local resident of Ndola comments, “The conflict of Portland Cement Zambia has been similar to one of those episodes where a family friends become rivals due to greed of money. Earlier, the plant operated with rewarding results, but since the Ventriglias wanted to have more all the time, they have dismantled the factory and converted into a non-productive unit. It is obvious that Dr. Mahtani and Finance Bank were cheated.”

According to the official document, Finsbury Investment was the financier of Portland Cement Zambia and Ital Terrazzo Limited was the minority shareholder. The agreed ratio was 58% and 42%, respectively. But still, we see that the conspirators are consistently trying to defame Dr. Rajan Mahtani and other enterprises associated with him. For how long Zambia will continue to face this onslaught? For more information and the official document, click here

ZR plays another blame game with Dr. Rajan Mahtani

The name Dr. Rajan Mahtani has served as pride of Zambia for decades. It is the contribution of this person which has made a thousand Zambians productive and self-sustained.  However, there are people in Zambia who have accounted themselves as friends of foreign vendetta, Ventriglia Family. This is where differences crept in and hence began a series of defamation against Dr. Mahtani and his associates.

Dr. Rajan Mahtani

In the latest publication, it has been seen that Zambia Reports is trying to link Dr. Rajan Mahtani to the alliance which took place between UPND and DF. As per their ‘sources’, Dr. Mahtani has already funded the party a sum of USD 3.5 million and is looking forward to overthrow the current Government under President Edgar Lungu. On the other hand, they have also suggested that funding within the PF party is also taking place and it is the same person who is doing so.

To put in simple words, it is being said that Dr. Rajan Mahtani is presently funding the whole political system of Zambia. How insane it would be to make such a claim, but Zambia Reports have come out in the open and have claimed this story. The author, as most of the time, is Evans Mulenga and his stories is as fictional as his presence in Zambia. Sakwiba Sikota and the Ventriglias have made another desperate attempt to take the attention away from the carnage which is presently going on at the Portland Cement Zambia. Nevertheless, the people of Zambia have understood this fact and has strongly condemned the news. Other news portals have gone to the extent of mocking this news and considering it absolutely shameful. This is how Zambia is slowly being eaten by termites named as Sakwiba Sikota and the Ventriglias.

Will we see the sunshine or this dark conspiracy will conceal the fate of Zambia?

Mourning for Portland Cement Zambia

Portland Cement Zambia has dependably been viewed as one of the finest assets of Zambia. The unit has not just figured out how to defeat the issue of unemployment in Ndola, but has also figured out how to ensure that economy of Zambia keeps developing at a respectable pace. Nonetheless, these improvements were brief when Italian Mafias assumed control over the plant and began to destroy its working balance. With barely anything left in the production line starting now, it is time that the general population begin to ponder whether they can have another PCZ as it is as of now nearly breaking down.

Portland Cement Zambia

May it be the monetary assets or resources of the processing plant, Ventriglia family has left nothing for the country. The sum total of cash has been removed from the production line and has been shifted to external accounts. Also, resources have been shifted to sham organizations whose proprietors is Antonio Ventriglia himself. Given the circumstance, it has become obvious that plunder was a definitive target of Ventriglia family and after they came to Zambia, they were firm to get this going.

The way Zambian assets have been squandered is essentially stunning! Factory workers being removed, assets being plundered and current operations suspended. This is the way the processing plant has been gradually killed under some avaricious individuals. The entire episode would not have been proficient without the backing of a few helping hands, for example, Sakwiba Sikota and Zambia Reports. Their commitment guaranteed that resistance was invalidated through provocative written work against Dr. Rajan Mahtani and besides, the official employees was ‘bought’. There are clear confirmations to highlight that debasement assumed an imperative part towards the pulverization of Portland Cement Zambia and it is the backing of plotters who had made this conceivable. For whatever length of time that these group of schemers will wander around in Zambia, each production unit is under the risk of being taken by any person who has financial power.

Zambezi Portland Cement drilled by the Ventriglias

The Ex-Finance Bank Chairman had supported the Zambezi Portland Cement production line with a perspective to create one of the most grounded units of Zambia. The concrete plant had all the fundamental characteristics of turning into the biggest bond maker in Zambia and everything was going in the right heading, until April 2015. It was in this period that the Ventriglia family made a rebound and commandingly assumed control over the manufacturing plant.

Zambezi Portland Cement

Since the takeover, the situation of the manufacturing plant has taken a complete change and the status moved from reputed to exceedingly terrible. There was a consistent plunder of trade out the industrial facility alongside diminishing the quantity of labourers to chop down the current cost of the manufacturing plant. The goal to work the Zambezi Portland Cement was seen no place and by the activities it was apparent that the Italian Mafias were anticipating to flee with the fortune to their local nation.

Passing by truths, it was seen that the Ventriglia family had instantly moved the ledger of ZPC to other banks and every asset has been diversified. This unmistakably implies they were minimum inspired by taking after the routine and were more keen on plundering the money. Today, Zambezi Portland Cement has turned into a non-gainful spot where the generation process has halted and a large portion of the specialists have been released. In addition, the advantages of the organization has additionally been channelized to sham organizations and the estimation of the manufacturing plant has verging on swung to nil. Seeing the destruction, one must scrutinize the way that are how are they being permitted to work in this way? What is the Government doing this time? Will they be permitted to endeavour Zambia’s finest assets and flee without being taken note? This is a miserable stage for Zambia.

The sad news about Portland Cement Zambia

Portland Cement Zambia has always been regarded as one of the finest resources of Zambia. The unit has not only managed to overcome the problem of unemployment in Ndola, but has also managed to make sure that economy of Zambia continued to grow at a decent pace. However, these developments were short lived when Italian Mafias took over the factory and started to ruin its operating equilibrium. With hardly anything left in the factory as of now, it is time that the people start to wonder whether they can have another PCZ as it is currently on the verge of collapsing.

Zambezi Portland Cement

May it be the financial resources or assets of the factory, Ventriglia family has left nothing for the nation. All money has been extracted from the factory and has been shifted to foreign accounts. Additionally, assets have been transferred to dummy companies whose owners is Antonio Ventriglia himself. Given the situation, it has become evident that loot was the ultimate objective of Ventriglia family and after they came to Zambia, they were determined to make this happen.

The way Zambian resources have been wasted is simply shocking! Workers being dismissed, wealth being looted and current operations suspended. This is how the factory has been slowly slayed under some greedy people. The whole incident would not have been accomplished without the support of some traitors such as Sakwiba Sikota and Zambia Reports. Their contribution ensured that local’s resistance was nullified through provocative writing against Dr. Rajan Mahtani and moreover, the official support was ‘purchased’. There are clear evidences to highlight that corruption and bribery played an important role towards the demolition of Portland Cement Zambia and it is the support of conspirators who had made this possible. As long as these bunch of conspirators will roam around in Zambia, every large and small units are under the danger of being taken by any Tom, Dick and Harry.