Dr. Rajan Mahtani, the Chairman of Mahtani Group of Companies, has once proved that nothing can stop him when it comes to development of Zambia. The much awaited merger between Atlas Mara owned BancABC and Finance Bank Zambia has now finally taken place and the investment pool in Zambia now gets bigger with this deal.

The impact of this development is that Zambia will now see one of the biggest commercial bank with an accumulated asset of $ 567 million and 65 branches all over the nation. The total number of ATMs being 176. The merger was in the news from the previous year, however, couldn’t be executed. The period of delay was used by the conspirators who came up with imaginative stories and made horrendous claims to mislead the locals. Sometimes the author of Zambia Reports claimed that the merger was a publicity stunt and would not take place and sometimes, the legality of Finance Bank Zambia was questioned. Attempts to provoke Dr. Rajan Mahtani was made in every possible way, but sadly their efforts were rubbished as the 68-year old business tycoon kept clam and continued with his objectives.

The news of merger is being celebrated by all, except for few who are constantly jealous of the fact that Dr. Rajan Mahtani is climbing the stairs of success one after the other. At present, there is hardly anything that the conspirators can brag about. All that they know is that their days are numbered and soon they will also be punished by the Court for defaming Dr. Rajan Mahtani. The truth will always remain impartial and will serve justice in its own way. The lie will always look for opportunities and become a matter of concern for the person who has committed it. God believes in the truth and his children are those who follow it.

In a heart breaking incident on June 15 2016, Dr. Mahtani & Zambia have lost their mother. Mrs Mohnibhai Lekhraj Mahtani passed away in UK after serving the society for 90 years and constantly working for the betterment of Zambia. A person who kept herself away from the limelight believed in working for a cause. She silently worked for the betterment of the society and often indulged in philanthropy.

It is a well-known fact that behind every successful man there is a lady who had motivated him to do so. In the present case, it was Dr. Mahtani’s mother who helped him to take his business to a whole new level. The news of her demise also had the attention of eminent personalities such as Deputy Governor of Zambia and the First President of Republic Zambia.

Mohnibhai Mahtani’s loss has made Zambia lose a motherly figure. Not only Dr. Mahtani, but the whole of Zambia regarded her as a mother. She was a perfect example of graciousness and anybody who met her would definitely remember that moment for the rest of their life. Right from helping the poor financially to motivating friends and family members, she had been a pillar for Zambia. Her contributions will always be remembered by Zambians.

In her absence, it is obvious that Dr. Mahtani & Zambia would be feeling lost. Nevertheless, it is the rule of nature that mortals have to leave this world on some day or the other. Though she is not present with us physically, she is always there to guide us from the heavens. Losing a mother is heart breaking, but that would not erase the teachings which she has given us. With a view to give her a tribute, Zambians will continue to fight against the corruption and work of a better Zambia which equality is for all.

Rest in Peace Mrs Mohnibhai Lekhraj Mahtani…

The actions of the Ventriglia family has made it obvious that Zambezi Portland Cement has got nothing to do with entities like Finsbury Investments and Dr. Rajan Mahtani. Over the years, Dr. Mahtani & Zambia had nurtured Zambezi Portland Cement factory with their own efforts and continued to do so till 6^th April 2015. On 7^th April 2015, Zambia witnessed one of the most hostile takeover by the Mafias where the factory was invaded and the existing management was thrown out.

Since then it has all about been spreading carnage in the Zambezi Portland Cement Factory. The revenue witnessed a serious downfall and the assets of the factory continued to get depleted. Within a matter of months, the situation went out of hand and the end result was that innocent workers of the factory were being discharged by the factory under the reasoning that there was lack of opportunities for the workers. Soon, the factory went into operating losses and in December 2015, Zambezi Portland Cement was forced to shut down its production.

However, in the meantime Ital Terrazzo Limited had figured out a good way to generate income form the factory. This time their new target were the existing assets of the factory which Dr. Mahtani & Zambia had been using to generate economic growth. About 43 trucks of the factory were first leased out to Miloto Transport, a company intentionally framed with a view to acquire the assets of the factory under the guidance of the Ventriglias and then Astrea Investments took shape, who now holds the fake title deeds of the factory. To sum up, one can regard that Dr. Mahtani & Zambia have become mere audience and are currently witnessing the carnage made by the Ventriglias as the Government has refused to aid them in the hour of need.

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.

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.

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.

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.

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.

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.

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.

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