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

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.

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.