With a lot being said about the ownership of the Zambezi Portland Cement factory, it is time to unfold some of the darkest secrets of this Ndola based organization. The Zambezi Portland Cement Factory became the second biggest cement manufacturing entity with the assistance of Dr. Rajan Mahtani, who agreed to invest in this factory through Finsbury Investments. A huge fortune was spent on its developments and it was agreed through a shareholding certificate dated February 26 2007 that Finsbury Investments would hold 58% shares of this factory and the Ventriglia family would hold the remaining 42%.
However, with greed for power, the Italian Mafias tried to overthrow the management of Finsbury Investments by making false claims with respect to the share transfer certificates. They hired a lawyer who would possibly perform any act to ensure that his clients are put to benefit and the name of the lawyer is Sakwiba Sikota. So, with a combination of dishonesty and malpractices, the Ventriglia family was able to overthrow Finsbury Investment’s management group after the death of Levy Mwanawasa in 2008.
During this time, a total of USD $40 million was looted from the factory through the aid of off-shore transfers, bribing senior government officials and hiring handwriting experts who would charge as much as USD $80, 000 for their service. Irrespective of their efforts, the cement factory was once again put in the hands of the legal owners in 2012.
Things got upset in 2015, again, as the Ventriglia family’s deportation orders were lifted and they made an infamous comeback and took over the Zambezi Portland Cement Factory by force. A question which continues to bother all is why the Ventriglia family is allowed to access a plant which has only been misused under their management? What have the Ventriglias done for the employees? How long will this carnage continue?
***UPDATE***
The Ventriglia family are making it difficult for the workers of the Zambezi Portland Cement Factory through their behavior and attitude towards their development.