The Finance Bank Chairman and an integral part of Finsbury Investments, Dr. Rajan Mahtani took the decision of winding up the Zambezi Portland Cement Factory on Friday, 22 May 2015. This decision was made under the pressure of preserving the workers’ interest and ending a conflict with the minority shareholders of the ZPC, the Ventriglia family.

A petition has been filed with the Lusaka High Court where Dr. Mahtani has requested the authority to wind up the ZPC as it was ‘just and equitable’ under the prevailing conditions. The Ventriglia family is constantly taunted Dr. Mahtani with fake reports and have also deprived workers with their monthly wage. However, irrespective of their criminal stories they continue to publish generous articles under their own name with the help of funded news portals such as Zambia Reports.

The decision of winding up the Zambezi Portland Cement factory was not easy for Dr. Mahtani. It was the same factory which flourished in 2014 and broke all records. Who can forget the milestone which it had achieved by producing 100000 tonnes of cement in excess of forecasted output. Sadly, all the dreams have now been shattered as the Ventriglia family has ruined the balance and work culture in the ZPC. An image of the filed petition has been attached below: