How long will the fight for Portland Cement Zambia continue?

The fight for Portland Cement Zambia has been continuing for almost a decade now. Finsbury Investments, the registered owners of the premise with a stake of 58% is finding it hard to sustain its activities as the Ventriglia family, the registered minority shareholder of the premise with a stake of 42% is looking forward to takeover the management and its powers.

With the passage of time, it has become evident that the Italian Mafias as only interested in the wealth of Portland Cement Zambia. A factory which generates about US $ 5 million on a monthly basis is an ideal playground for the Mafias as they would be able to facilitate their lavish lifestyle from the same. With least consideration for employees and betterment, the factory has become a place where corruption breeds.

Portland Cement Zambia

In 2014, the Portland Cement Zambia reached its peak under Finsbury Investments by reaching an output of about 4, 70, 000 tonnes in a single calendar year. The profits were touching new heights and the employees were working with a motivated heart. Sadly, in April 2015, the Ventriglia family made a comeback and took over the premise. Since then it has been an affair of mismanagement and oppression.

PACRA has declared that the actual owners of Portland Cement Zambia is Finsbury Investments and the same has also been honoured by the Lusaka High Court. Nevertheless, the Ventriglias refuse to believe the same and continues to claim that they are the actual owners of the factory. In such respect, the questions is- for how long will this nuisance continue? The conspirators have continued to commit crime and they have got away most of the times. Dr. Rajan Mahtani was become a victim of their conspiracy and the Government has done nothing to safeguard his interest. He fights the battle like a lone soldier.

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