The conspirators have once again tried to defame the former Finance Bank Chairman, Dr. Rajan Mahtani. This time around they have preferred to use the success of Portland Cement Zambia as a means to hide their true intent. Recently, Zambia Reports was seen publishing an article where it claimed that PCZ had won the award for being the Best Employer in Zambia for the year 2016. Much to the amazement of all, the article was specially intended to malign Dr. Rajan Mahtani as it kept on discussing imaginative circumstances and its connection with the defamed party.
The publication talked about how the plant was previously being mismanaged by Finsbury Investments and the negligence of Dr. Mahtani. But in reality, there was no such incident as the plant was doing well under its previous management. It was during that phase that Portland Cement Zambia had managed make an additional production of 100000 tonnes of cement during 2014-15. The existing employees were allowed to operate with freedom and everyone was assured of safety in their job.
Things came to a sudden change in 201 when the management was ‘forcefully’ taken over by the minority shareholders, the Ventriglias. Since then the factory has ran into losses and existing employees were terminated. Given such horrific failures, how can one expect the factory to be one of the best in Zambia. Any person who understands business well will certainly consider business goals and try to maintain a good market reputation. The Ventriglias have been claiming that they have 100% ownership of the factory and Dr. Rajan Mahtani had forged signatures to claim a stake of 58%. But when the High Court asked both the parties to present the case, the Ventriglias were seen fleeing the scene. In 2015, the Antonio Ventriglia was seen absenting himself from the Court on more than 3 occasions.