Italian Mafias continue with looting Portland Cement Zambia

The Ventriglia family has kept themselves stagnant at a point where they will pick up every single penny which is found in the Portland Cement Zambia. Ever since they have taken over the factory, the scenario has turned hostile and everybody in the factory has started suffering. Right from issues such as non-payment of salary to mistreatment, the Ventriglia family has left nothing for the locals and the country.

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Whatever sales is realized in the factory, the same is effortlessly transferred to off shore banking accounts. Neither the people of Zambia, nor the Government has been benefitted from the operation of Portland Cement Zambia in the past 10 months. It has been reported that the Ventriglia family has also created dummy companies in which they are transferring the properties of the Zambezi Portland Cement. About 43 trucks from the factory has been shifted to a company named as Miloto Transport and the real estate of the factory has been given to Astrea Investments. This clearly indicates the cunning nature of Italian Mafias and their shameful intent.

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From the day they have taken over the factory, they have simply looted Portland Cement Zambia. Right from the revenue to every single asset, they have intentionally tried to bankrupt the factory and run away with the profits. But, the truth is that they cannot escape the legal charges which are running on their name. The Zambian Law offers no authority to a minority shareholder to wind up a factory without the consent of the actual owners. The actual owners, Finsbury Investments, have not taken any action which is beyond the permit given by the law. It is simply waiting for the law to do the needful and teach these Italian Mafias a lesson that they would remember for a long time. Portland Cement Zambezi was one of the most prosperous units of Zambia in 2014 and the same has now has come on the verge of extinction.

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