The story of Zambezi Portland Cement Factory

May 15, 2015

The Zambezi Portland Cement Factory has been the center of discussion in Ndola for the past one and half month. There has been a constant rift between the Finsbury Investments and the Ventriglias regarding the ownership of the factory. On one hand the Finsbury Investments, headed by Dr. Rajan Mahtani, have evidences to show that they are the actual owners of the cement plant with a stake of 58%, the Ventriglias, on the other hand, claim that the signature on the share transfer certificates are forged.

According to the official records of PACRA, Finsbury Investments are the legal owners of the ZPC, but with the help of bandit goons the Ventriglia family did manage to take over the management of the cement plant in the early hours of April 7 2015, Since then, the Ventriglia family and Zambia Reports have managed to publish numerous articles where they have claimed that they are the legitimate owners of the factory and Dr. Mahtani has no right to interfere in the management of the company.

When it comes to daily operations, it was heard that the workers of ZPC were not paid a salary for the month of April by their new owners and are now ill-treated. The situation in the plant is getting worse every single day and a major credit for such pathetic condition goes to the new management group- The Ventriglias!

Dr. Rajan Mahtani- An idol, a friend and a son

May 13, 2015

The name of Dr. Rajan Mahtani has often been dragged in conspiracies. Some say that he is a dishonest person whereas, some say that has a habit of forging signatures. So why not make things clear today?

Dr. Rajan Mahtani, is a proud Zambian and the Chairman of the Finance Bank of Zambia. He has occupied the status of the Finance Bank Chairman ever since 1985 and continues to deliver excellence for the organization. Being a humble person and a philanthropist, he has always believed that the best way to achieve success is by helping the poor and making steady developments in the banking and heavy scale industry.

Who can forget his contribution of K 50, 000 which was available to the senior citizens who had previously fought for Zambia’s independence. Additionally, the Zambezi Portland Cement Factory under Dr. Rajan Mahtani also built 129 houses in Ndola for the people who were displaced earlier on account of industrial development.

At the present date, Zambia Reports is consistently after Dr. Mahtani as the Ventriglia family has paid the media portal a handsome amount to execute the task. Nevertheless, the love and popularity for Dr. Mahtani has not degraded and he continues to inspire thousands of Zambians.

The Ventriglia play another game at the Zambezi Portland Cement Factory

May 11, 2015

After the deportation was lifted, the Ventriglias have made a thrilling comeback in Ndola. They have not only managed to take over the Zambezi Portland Cement in the ‘Mafia style’, but have also managed to save a lot of money for themselves in May by not offering salaries to their existing employees.

The outcome was that the public lost their confidence on the Ventriglias and in spite of the influence of their funded portal, Zambia Reports, everyone was well aware of the truth. Therefore, with a view to enhance their reputation the Ventriglia family announced that it would increase the salary of the existing employees by 10%. Additionally, the increase in salary would be accompanied by better working conditions. However, it has become hard for the employees of the ZPC to believe this announcement as they are well aware of the sentiment of the present management group.

On one hand, they have failed to pay the basic salary to their plant employees for the month of April and on the other hand, they are promising a hiked salary for May. From the past activities of the Ventriglia family, it can be inferred that there is a smart plan being executed, which looks forward to gain the support of the employees and the locals. Sadly, we all know that this is just a sham intended to offer publicity.

Dr. Rajan Mahtani’s shareholding rights for Zambezi Portland Cement Factory questioned

May 5, 2015

Zambia Reports have once again questioned the shareholding rights of Finsbury Investments for Zambezi Portland Cement Factory. In an article titled as ‘Mahtani Unable to Prove Shareholding in Zambezi Portland Cement’ they have claimed that Dr. Rajan Mahtani had forged the signatures of Antonio Ventriglias and Manuela Sebastiani to obtain the share transfer certificates.

However, one thing which was left undiscussed is the mind-set of the author of the article. The document has been with PACRA for the past 7 years and not once during that period has the respective authority questioned the authenticity of the document. All of a sudden when the Ventriglias started their onslaught on the Zambezi Portland Cement Factory, rumours and conspiracies started to hatch and the pioneer of these controversies is Zambia Reports.

In 2012 when the Ventriglias were deported from Ndola on account of being a threat to peace and unpleasant to the local employees. Regardless of this fact, Zambia Reports continue to support the Ventriglias just because they have paid the news portal well.

Dr. Rajan Mahtani is respected business man in Zambia and rest of the world. He has always preferred to stay aloof from the clutches of dirty politics and misuse of powers. Recently, when the ZPC was attacked by the Ventriglias, he kept his composure and trusted in the legal system to offer him adequate support.

Joyce Banda on Dr. Rajan Mahtani- 2015

April 21, 2015

In a recent interview with the ex-President of Malawi, Joyce Banda the media took the opportunity of asking her about the decision to allow the Finance Bank Chairman, Dr. Rajan Mahtani with a re-operation license. This where the prevailing doubts got cleared and the conspiracy was finally put to an end.

Joyce Banda explained that the authority who reserved the permission of granting re-operating license to the Finance Bank was the Reserve Bank of Malawi. She had no influence over the decision and was not offered any bribe as rumored by some of the funded news portals. On the part of evidence, here is the interview which confirms our claim and unfolds the truth for the people of Zambia and the rest of Africa- http://mg.co.za/article/2015-04-23-i-am-a-free-malawian-citizen-now

Dr. Rajan Mahtani is a respected businessman and has often guided his actions as per the requirement of Zambia. He has offered numerous employment opportunities to the locals through his Finance Bank and has lead by an example. However, his name is often dragged into controversies as conspirators are often jealous with his growing popularity. Recently, he was attacked by Zambia Reports on account of delisting his Finance Bank from the Lusaka Stock Exchange- a well fabricated news made up with imaginative storyline.

Top 3 Reasons why Dr. Rajan Mahtani didn’t lose Zambezi Portland Cement Factory- 2015

April 16, 2015

It is being rumored that Dr. Rajan Mahtani has lost the Zambezi Portland Cement Factory to the Ventriglias. However, the truth is totally different than what is being portrayed by paid news agencies in Zambia.

Here are top 3 reasons why Dr. Rajan Mahtani didn’t lose Zambezi Portland Cement Factory:

1) ZPC is owned by Finsbury Investments: The prime fact is that the ZPC is owned by the Finsbury Investments and not Dr. Rajan Mahtani. It was very easy for the conspirators to relate Dr. Mahtani to this incident. Sadly, they forgot the fact that Dr. Mahtani and Finsbury Investments are two different identities.

2) Finsbury Investments are still the legal owners: Taking over a factory through ‘Mafia Style’ is not considered legal. The Ventriglias may have snatched the ownership for a moment, but legally there is no evidence that the Ventriglias are the true owners of the ZPC. Finsbury Investments hold 58% of the shares of the ZPC and hence, are the true owners.

3) Failure of the conspirators– Last, but not the least, the conspirators failed to defame Dr. Rajan Mahtani. They tried their level best and came up with imaginative stories whereby they can create some negative content. However, none of the stories had a concrete evidence that satisfied their objectives.

It is time that the conspirators try and do something useful for Zambia, rather than implementing cheap tactics to defame Dr. Mahtani.

Ventriglias loot Zambezi Portland Cement Factory, consequences follow- 2015

April 10, 2015

The Zambezi Portland Cement Factory in Ndola was attacked by the Ventriglias during the early hours of April 7, 2015. The news came as a shock to Finsbury Investment, who owned 58% of the shares of ZPC legally. Though, Finsbury Investment already possessed an injunction for ZPC, the Ventriglias ignored all warnings and pursued their quest with the aid of Sakwiba Sikota.

Sakwiba Sikota, in a statement claimed that Finsbury Investment had withdrawn their status as owners of ZPC. To put it in his words, ‘Finsbury gave up the battle.’ The lawyer is well-known for his cheap tactics and has played an important role towards the return of the Ventriglias.

A question that remains unanswered by the conspirators is why will Finsbury Investment need an injunction if it had already surrendered its ownership over ZPC? The state of affairs in Ndola clearly suggests that the loot for ZPC was a well-planned action formulated by the Ventriglias and other funded parties in Zambia which includes Zambia Reports. Dr. Rajan Mahtani, an integral part of Finsbury Investment has been the prime target in this campaign.

However, this victory of the Ventriglias will be short lived as the High Court of Zambia has issued ‘an order for committal to prison’. Attached below is the copy.

Dr. Rajan Mahtani celebrates Easter with family- 2015

April 2, 2015

After a long string of business events, Dr. Rajan Mahtani has finally taken some time off and went to visit his family during Easter. The event witnessed a relaxed Dr. Mahtani who was aloof from tensions and was enjoying the company of his dear ones.

Sadly, Zambia Reports portrayed this event as an attempt by Dr. Mahtani to escape legal charges. According to them, Dr. Rajan Mahtani fled Zambia as soon as the trail for Nchito started. Imaginative stories and irrelevant references continue to contribute towards the malicious attempt which was presented by a group of writers, who consider money to be above moral and principles in life.

Dr. Rajan Mahtani is the chairman of Finance Bank Zambia and has been contributing towards the development of Zambia for the past 20 years. Over this period there have been numerous defamation attacks on him from the side of the conspirators. Sometimes, they are in the opinion that Finance Bank Zambia will steal the money of common men, whereas sometimes they think that Dr. Mahtani will use this money in illegal activities. However, it has never stopped Dr. Mahtani from creating employment opportunities, funding development projects and assisting senior citizens with monetary benefits. He has been one of the most influential people in Africa for the past decade.

While dragging Dr. Rajan Mahtani into a controversy Zambia Reports mocks itself- 2015

March 30, 2015

The recent actions of Zambia Reports has become a matter of humor in Zambia. In the quest to defame Dr. Rajan Mahtani, Zambia Reports has contradicted its own article and has presented a weak argument that connects Dr. Mahtani and Chellah. According to a recent article published by Zambia Reports, they have claimed that Chellah had availed the services of Radisson Blu and was unable to meet the bill. The result was that Dr. Rajan Mahtani had to come to the rescue.

The story was gradually developed with a view to highlight the developing relationship between Dr. Rajan Mahtani and Chellah. Sadly, Zambia Reports forgot the fact that they had earlier published an article where they mentioned Chellah owning properties in South Africa and the United Kingdom. Now if one can relate these two matters, one will realize that these incidents are contradicting. A person who can own international properties will have no problem in clearing a bill of K120, 000.

The article by Zambia Reports has become an evident proof that this news portal is totally based on false claims and imaginative stories. This is not the first time that the people of Zambia have seen the true picture of Zambia Reports. There have been numerous incidents where the ‘two-faced’ side of Zambia Reports has been revealed.

Share trading for Finance Bank Zambia to Start Soon- 2015

March 20, 2015

As we are approaching towards the end of March, the time has come for Finance Bank to start its very first share trading operation under the Lusaka Stock Exchange (LuSE). The decision for trading shares on the stock exchange was taken last year when the Chairman, Dr. Rajan Mahtani thought of converting the bank from a private institute to a public institute. Hence, Finance Bank Zambia is now known as Finance Bank Zambia Plc.

The vision was laid with a view to raise USD 250 million from the stock market and enlarge the pool of resources for the Finance Bank Zambia. Over the past few months, various compliances continue to be fulfilled from the side of FBZ and now it is only matter of days before which the locals and other investors will have the opportunity to acquire shares of the institute.

The pace at which the proceedings are taking place is worth appreciating and the people of Zambia are excited with this news. According to Dr. Rajan Mahtani, all formalities will be completed by the first quarter of 2015. However, one can expect delays, if there arises any miscommunications along with notorious attempt of the conspirators to create a havoc in Zambia. The Finance Bank has served Zambia for more than two decades and now with time it is transformed into an organization which is stronger and more resourceful than before.