Last year in 2013 in the month of September, the magistrate court in Ndola restrained ex-MD’s of Zambezi Portland Cement, Antonio Ventriglia and Manuela his wife, from accessing their properties and joint bank account. The restraining order came after the application by the state for restraining the Ventriglias from accessing their properties and their joint bank account because they were suspected to have stolen K4 million from Zambezi Portland Cement.
Paul Chisha, the chief resident magistrate ruled in August that the Ventriglias be restrained from getting an access to their joint account in Access Bank. Mr Chisha said, “It is hereby ordered and directed that money held in the joint account at Access Bank and the named properties be restrained from any dealing by the accused, their agents until investigations are concluded,”.
After getting the restraining order the state had to take this stern measure of restraining the couple from accessing all the monies that they had in account number number 0040241102851 of Access Bank in Ndola branch of Zambia.
The court even restrained Ventriglias from accessing their properties eight plot number Kabinga Road in Northrise and F748/Y20/117, F/748/Y20/16, Northrise, located in Ndola.
An affidavit, which was filed with the support of application by the officer in criminal investigations department, Chileshe Mukuka, in Lusaka, pointed out that on June 2013 he got a report of theft that was filed by Andrew Kamanga, the director of Zambezi Portland Cement.
In the report it was written that when Ventriglias were the directors of ZPC, they jointly and fraudulently stole money from the company. Kamanga was not sure of the dates, but he said that the activity was done between January 2010-December 2012. The Ventriglias stole more than K4 million from the company and used it for their personal purpose.
The affidavit read in part, “Upon instituting investigations, I searched various accounts held by the accused persons and the complainant’s company, where I came across various transfers of monies from the company account.” It even read that Mr Mukuka had gone through a letter where it dealt with transfer of K2 million from Zambezi Portland Cement account to the joint account of Ventriglias in Access Bank. He even traced the stolen funds in their joint account.
According to Mr. Milimo, part of the stolen money was used for buying the named properties mentioned-above and the remaining part was unused in the joint bank account. The state has therefore, applied for a restraining order pending the investigations.
Paul Chisha, the chief resident magistrate ruled in August that the Ventriglias be restrained from getting an access to their joint account in Access Bank. Mr Chisha said, “It is hereby ordered and directed that money held in the joint account at Access Bank and the named properties be restrained from any dealing by the accused, their agents until investigations are concluded,”.
After getting the restraining order the state had to take this stern measure of restraining the couple from accessing all the monies that they had in account number number 0040241102851 of Access Bank in Ndola branch of Zambia.
The court even restrained Ventriglias from accessing their properties eight plot number Kabinga Road in Northrise and F748/Y20/117, F/748/Y20/16, Northrise, located in Ndola.
An affidavit, which was filed with the support of application by the officer in criminal investigations department, Chileshe Mukuka, in Lusaka, pointed out that on June 2013 he got a report of theft that was filed by Andrew Kamanga, the director of Zambezi Portland Cement.
In the report it was written that when Ventriglias were the directors of ZPC, they jointly and fraudulently stole money from the company. Kamanga was not sure of the dates, but he said that the activity was done between January 2010-December 2012. The Ventriglias stole more than K4 million from the company and used it for their personal purpose.
The affidavit read in part, “Upon instituting investigations, I searched various accounts held by the accused persons and the complainant’s company, where I came across various transfers of monies from the company account.” It even read that Mr Mukuka had gone through a letter where it dealt with transfer of K2 million from Zambezi Portland Cement account to the joint account of Ventriglias in Access Bank. He even traced the stolen funds in their joint account.
According to Mr. Milimo, part of the stolen money was used for buying the named properties mentioned-above and the remaining part was unused in the joint bank account. The state has therefore, applied for a restraining order pending the investigations.