The Zambezi Portland Cement Factory is one of the biggest revenue generators for Ndola. Over the years, the ownership of this factory has remained in conflict because of its attractive revenue inflow. The two contestants for the ownership title are- the Finsbury Investment and the Ventriglia Family.

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The Reason for conflict

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As per the prevailing situation, the Ventriglia family is contesting that they are the actual owners of the Zambezi Portland Cement Factory and the Dr. Rajan Mahtani, had forged signature to steal the ownership from them.

However, as per the records of PACRA and other official sources, the Ventriglia family had themselves given the ownership of the ZPC to Finsbury Investments in a meeting held on November 25 2007.  Attached below is the copy of the document where the matter has been specifically mentioned and signed by both the parties.

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Irrespective of the presence of this document, the Ventriglia family has refused to believe its authenticity and continue to claim the title of the owner as their thirst for money and power cannot be satisfied at the moment. The amount of conspiracy which they have hatched in recent time is highly alarming. They also went to the extent of getting Dr. Rajan Mahtani arrested on account of a criminal offense which was previously declared as ‘permanently closed’.