After nearly 10 years of the case, the current judge handling this case gave some good news. As per the judge, the court has completed its case proceedings with respect to the case. This means the court will not be hearing any arguments or new hearings from any side. At the same time, both parties will be sharing submissions which are essentially evidences and statements to establish their claim. Inside reports suggest that Dr. Mahtani’s team has been eagerly waiting for this moment as they have all evidences and statements with them. The Ventriglias, on the other hand, have always tried to avoid the same as they have not been able to submit any strong evidences to support their claim. It is hoped that the judge will provide a sound judgement soon.
The case between Dr. Rajan Mahtani’s Finsbury Investment and The Ventriglias’ owned Ital Terrazzo Limited fighting for Zambezi Portland Cement’s ownership is almost a decade old. The case was first launched by Dr. Mahtani when the factory was illegally taken over by the Ventriglias. It is a known fact that the Ventriglias took over the factory by force, using goons. However, Dr. Mahtani, being an honest businessman, registered a case instead. While the expectation was that the case will quickly see the details in black-and-white and provide quick judgment, that scenario never came. Instead, the court deferred the dates again and again and various other issues such as transfer or unavailability of the judge or unavailability of the party prevented any solid decision making. The result was that while Dr. Mahtani was fighting hard to get back his company, the factory production started to decline drastically and the company’s future suffered.
After nearly 10 years of the case, the current judge handling this case gave some good news. As per the judge, the court has completed its case proceedings with respect to the case. This means the court will not be hearing any arguments or new hearings from any side. At the same time, both parties will be sharing submissions which are essentially evidences and statements to establish their claim. Inside reports suggest that Dr. Mahtani’s team has been eagerly waiting for this moment as they have all evidences and statements with them. The Ventriglias, on the other hand, have always tried to avoid the same as they have not been able to submit any strong evidences to support their claim. It is hoped that the judge will provide a sound judgement soon.
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Zambia Reports is in a propensity for distributing articles that are only an exercise in futility for the common men. Dr. Rajan Mahtani is one of the highly targeted victims whom ZR has defamed mercilessly. What's more, why do they do as such? Indeed, the answer is straightforward the Ventriglia family, proprietor of Ital Terrazzo Limited (ITL) and the minority shareholders of Zambezi Portland Cement manufacturing plant pay them to compose such articles. In the past too, the Ventriglias had offered the administrator of Zambia Reports, Sakwiba Sikota, free cement from the processing plant for constructing his lavish home. Subsequently, Zambia Reports and ITL share a decent connection.
Then again, on the off chance that one takes a gander at Dr. Rajan Mahtani, he will find that he is a man of standards. He has constantly wanted to stroll on the way of nobility and wishes to see a nation where individuals have work and everyone is adding to the economy's improvement. Unfortunately, over the span of accomplishing his fantasy the man has intercepted the Ventriglias or all the more regularly known as the Ndolan Mafia. The target of these Mafias is to extricate riches from Zambia and send it over to their foreign bank accounts. But the presence of Dr. Rajan Mahtani is stopping them to execute their mission. Hence, a criticism crusade has been setup against Dr. Mahtani and Zambia Reports is contributing in it through its non-sense articles. Recently, the maligning has ended up conspicuous and people can understand that the Zambia Reports is dependably against Dr. Rajan Mahtani. Regardless of what the situation is, they are constantly creating their own stories and distributing it with a view to criticize Dr. Mahtani. In any case, there is not a lot that the people can do in such regard in light of the fact that the schemers have constantly utilized money to settle cases which are prone to draw legal consequences. Zambia Reports has as of late distributed another defamatory article sentencing Dr. Rajan Mahtani as an unscrupulous individual. The report is simply taking into account the late judgment from Lusaka High Court where the official body has presumed that Simataa is guiltless and need not pay harms to Dr. Mahtani and Finance Bank. The news has overwhelmed the conspirators and has given them another plan to keep this slander crusade alive.
The situation clearly indicates a developing relationship between Simataa and Zambia Reports. On one hand, Zambia Reports has an obligation to distribute month to month articles against Dr. Rajan Mahtani or any of his related substances, and then again, the plotters are excitedly sitting tight for likeminded individuals who can help them to degree this crusade by releasing confidential data of the bank. Despite the fact that the Finance Bank of Zambia has now been merged with BancABC, it has stayed as a focal point of fascination for schemers as they would generally utilize this current bank's name to make their innovative stories. Without this bank, they are presently searching for interchange alternatives, for example, Finsbury Investment. The Portland Cement Zambia mafias have their eyes on Dr. Rajan Mahtani and with each passing day they imagine that they are creeping nearer towards their objective of totally decimating the plant and runaway with the riches. Be that as it may, Dr. Rajan Mahtani is serving as a noteworthy obstacle for them and from this time forward, their prompt goal is to dispose of him at the soonest. People with bad intention will dependably attempt to overwhelm the wickedness and search for spot to grow its commonness, however the light of goodness is unavoidable. It can be covered for a minute or two but not forever. The Portland Cement Zambia Mafias, or more commonly known as, the Ventriglia family are constantly looking for new sources whereby they can target Dr. Rajan Mahtani and have him defamed. This policy has attracted a lot of likeminded people in Zambia among whom Simataa is also present. A person with the poorest work ethics and professionalism has recently joined hands with Zambia Reports to state that Dr. Rajan Mahtani binds people in legal contracts, creates circumstances that fails the party and later on makes them pay heavily.
When the judgement was passed in the Lusaka High Court last month, it had become evident that Simataa won’t keep hold back from making lame comments and would continue to publicize his triumph. Nevertheless, the same was a rare event in the life of a loser as he is only used to corruption and losing his job. It has been 10 years since he was removed from Finance Bank Zambia and ever since, he has only managed to seek shelter under conspirators and manage to make a living on their thrown money. Needless to say, he had also taken K1 billion from Finance Bank at the time of vacating his office in return for a promise to keep the information of Finance Bank confidential. Zambia has often remained as a land of opportunity for people. However, with time it is becoming a land of extraordinary opportunities for the corrupt and a land of struggle for the innocents. The workers of Portland Cement Zambia have already witnessed the carnage that the Ventriglia family has caused and with passing time the same has been continued without any respect for the law or the Governing body of Zambia. With the events that have been developing recently, it has become difficult to predict whether people in Zambia will be safe in future or not. The current state of affairs in Zambia have gone down to such an extent where headlines are being intentionally fabricated with a view to defame personalities. Dr. Mahtani & Zambia has become a victim and the conspirators are constantly trying to present their own version of stories with the aid of news channels such as Zambia Reports. Recently, it was seen that Dr. Rajan Mahtani was accused of funding the alliance of political parties.
A person like Dr. Mahtani is always ready for business, but has no interest in joining the politics. The conspirators have deliberately tried to link his name of parties because they want him to panic and say something in return that will disgust the whole nation. However, in spite of endless attempts, they have failed to achieve their objective. Dr. Mahtani & Zambia have also been closely watched by the infamous Italian Family, the Ventriglias. Their objective is to loot the Portland Cement Zambia and run away with the wealth. This is why they are constantly involved in funding Zambia Reports and getting their job done. When official documents of Zambezi Portland Cement were released for public display, it was learnt that Ital Terrazzo Limited, the company of the Ventriglia family was required to approach Dr. Rajan Mahtani to arrange for funding. Without his help, it was almost impossible for them to construct a cement plant involving an investment of almost US $ 25 million. However, later on they got desperate to have their hands on 100% profit of the company and hence, they started to claim that Finsbury Investments had no role to play in the ownership of the factory. They went to the extent of claiming that Dr. Mahtani & Zambia were using forged documents to show their ownership of the company. Nevertheless, it will not help the conspirators to have their objective fulfilled in Zambia. Dr. Rajan Mahtani has frequently been depicted as a dubious figure in Zambia. With the greater part of the credit for maligning going to Zambia Reports and the Ventriglia family, the schemers have always attempted to guarantee that Zambia remains misdirected. Reality about Dr. Rajan Mahtani is known to very less, apart from the fact that he is an established businessman in Zambia and the current Chairman of MCG (Mahtani Group of Companies). Be that as it may, there are various other data which has been remained hidden from the world. Here are few in sight.
Dr. Rajan Mahtani assumed control over an extending business from his dad and kept on working for the improvement of Zambia. It was amid this time the family companions, Ventriglias, chose to take assistance from Dr. Mahtani in respect of raising assets for building up a cement plant in the locality of Ndola. Without the assent of Dr. Mahtani, it would have been next to impossible for ITL (Ital Terrazzo Limited.) to raise a funding of almost USD 25 Million. Another lesser known actuality about Dr. Rajan Mahtani is that he has extraordinary aptitudes of tolerance. Today, when the conspirators are making an annoyance in his name, he is calmly sitting tight for the legitimate arrangement of Zambia Law to make its judgment. He has neither turned to employing paid media to counter assault the cases, nor is he debilitating anyone to pull back the case. All that he has done is kept confidence in the lawful framework and worked towards the advancement of the country. Throughout the years, the backstabbers have continued lying about Dr. Mahtani and attempted to demolish his goodwill. All things considered, the man has maintained himself throughout the hardships and keeps on working for Zambia. May it be Portland Cement Zambia or Finance Bank of Zambia, his commitment will always be recognized as one of the greatest. The cunning conspirators have tired their level best to guarantee that they stay in the diversion and show themselves as the genuine proprietor of Portland Cement Zambia. For this reason, they have figured out how to make stories and distribute them in Zambia Reports with a perspective to confound the general population and profit the most extreme point of interest of deluding local people. In any case, the diversion has shockingly reached end for them as the authorities papers have advanced in for showcase.
The official record offers some selective knowledge into the arrangements and relationship which the family shares right now. As a matter of first importance, it was learnt that the beginning of Portland Cement Zambia was conceivable in light of the fact that Dr. Rajan Mahtani concurred towards offering his consideration in the venture. A total of US $ 24 million was required to build up the concrete plant and it was impractical for Ital Terrazzo Limited to raise the same without Dr. Mahtani and Zambia. Besides, it was learnt that Mahtanis and the Ventriglias were family companions. It was this fellowship that came about into a business relationship. Zambia has been reviled with messy legislative issues, it has regularly been seen that political gatherings in a roundabout way help organizations to breed defilement and amidst these undertakings, it is the natives who endure. Dr. Mahtani & Zambia can unmistakably see that poor people workers are the most exceedingly terrible endures as they have been tossed out of the manufacturing plant and stay jobless since December 2015. In a matter of seconds, the Zambezi Portland Cement has halted its generation and is completing no business. Every assets has been either sold or been exchanged to sham organizations whereby the organization is nearly on the verge of shutting down. The Government has viewed the entire occurrence silently and is anticipating that things should be back fit as a fiddle without making any move. For point by point report, click here. In the previous couple of years, there has been a few situations where distinctive news gateways have displayed diverse perspectives on Dr. Rajan Mahtani. Some see him as a blameless man, though some consider him as a dishonest businessman. Be that as it may, with the guide of paid media it has turned out to be widely hard to make sense of reality. This is the reason we have come up with something which is bona fide and dependable. Without precedent for this case, an official record has been distributed for open show so all can get an unmistakable perspective of on the Portland Cement Zambia.
The archive contains complete data with respect to the terms and conditions which was set in between of Finsbury Investment and Ital Terrazzo Limited. According to the records, it was concurred that Finsbury Investments would get 58% stake of the cement producing unit and the remaining would be in the hands of the minority shareholders, the Ventriglias. Another fascinating truth that surfaced with the arrival of the report was that the Mahtani family and the Ventriglia family were great companions in the past. It was upon the request of the Ventriglia family that Dr. Rajan Mahtani had consented to put resources into the cement facility. Notwithstanding, later on it was being asserted that the Ventriglias are the genuine proprietors and Dr. Rajan Mahtani intentionally put Finsbury Investments in control of the processing plant. The news has not just made a disarray among individuals of Zambia, yet has additionally created bedlam in Zambia as the legal framework is always under the pressure to declare the true owners. The case has been in suit from right around 7 years and till date the conspirators have only produced fake claims and created more confusion. For a knowledge into the authoritative record, click here. An integral part of Ndola will soon meet its end, if not given attention by the Government of Zambia. The Portland Cement Zambia, one of the most promising industry of Zambia in 2014-15 has been reduced to an old vacated premise under the Ventriglias. With hardly a penny left in the factory cash box and production being stopped in December 2015, the intent of the Italian Mafias are now clear- they are looking forward to wind up the factory!
Numerous accounts of cash embezzlements has been caught red-handed, the workers have been mistreated and dismissed at will, the salary of many still stands due and tons of cement was donated to some people for building their mansion. But nobody cared about these facts, as the Mafias were clever enough to bribe the officials and keep their path clear. The end result is that a thriving factory is close to its last breath. A factory which had the potential of generating USD 5 million on a monthly basis is finding it difficult to deposit even $5 in its bank account. All the money which was realized from the sales of cement goes to the personal bank account of the Italian Mafias. Dr. Rajan Mahtani, a key player of Finsbury Investments and the Chairman of Mahtani Group of Companies has been deeply hurt by this incident. He has shaped this organization with his efforts and had a vision to make this factory as the largest cement producing unit of Zambia. But sadly, the Ventriglias had a different idea and the same has resulted in widespread devastation. Not only profits, but Zambia will also be losing an integral part of its infrastructure development unit. There would no longer be a place in Ndola where people would dream to have a job in and be a part of Zambia’s key cement producing unit. The Zambezi Portland Cement Factory is the backbone of Ndola, Africa. Ever since its inception, the organization has been the second largest cement manufacturer in Africa and continues to serve employment to more than 700 workers. The quality of output at the ZPC abides by all the standards and had previously beaten the cement giant, Lafarge in terms of quality in Africa.
However, when it comes to the ownership of the ZPC, things start to become a little unsettled as there has been a constant conflict between the Finsbury Investments and the Ventriglia family. As per verified records, it is known to all that the existence of Zambezi Portland Cement Factory took place with the contribution of Dr. Rajan Mahtani, an integral part of Finsbury Investments. Huge amount of money was spent on the development of the cement factory and moreover, most of the success stories of the ZPC have been written under the management of Finsbury Investment. In February 2007, there was a written agreement between the Finsbury Investments and the Ventriglia family that the former would hold 58% stake at the ZPC and the latter would hold the remaining 42%. But, with the passage of time the Ventriglia family started to dishonour the agreement and started to claim that Dr. Mahtani had forged signatures to have the ownership of ZPC under his hand. With almost a decade later, the same trouble continues to take place at ZPC as the Ventriglia family is constantly after Dr. Rajan Mahtani. On June 25 2015, Dr. Rajan Mahtani has received a judicial review from the Lusaka High Court whereby he can now challenge the same claim and ensure that he can out this matter to a permanent closure. |
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