Tag Archives: Portland Cement Zambia

Sakwiba Sikota and Other Top Lawyers in Zambia Accused of Money Laundering

April 15, 2018 by DRMZambia
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Financial Intelligence Centre, a noted agency, recently reported mass money laundering scheme which has been undergoing in Zambia for many years. This is certainly one of the biggest laundering busts uncovered by any agency. As per the reports released by FIC, more than USD 1.5 billion worth of money has been involved in this bust. Another shocking fact related to the bust is the involvement of top lawyers and legal counsellors in Zambia. Most of the lawyers or legal counsellors named in this money laundering Continue reading →

FIC Reports Millions of Loot in Biggest Money Laundering Heist in Zambia

April 13, 2018 by DRMZambia
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Financial Intelligence Agency recently reported money laundering heist in Zambia involving top lawyers and legal counselors. More than USD 1.5 billion worth of money has been caught in this heist and the FIC expects the amount to go up with further investigation. Some of the top names involved in the list were of Masozi M. Banda and Sakwiba Sikota. Both have been accused of laundering money in millions. When confronted, Banda defended himself by saying that he was working for Zambian President Edgar Lungu. It Continue reading →

Lusaka High Court Looks To Close Zambezi Case Soon

December 7, 2017 by DRMZambia
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The Lusaka High Court which is currently handling the case of Zambezi Portland Cement is looking to close this case, which has been pending for the past nine years. The case is the high-profile corporate case between Dr. Rajan Lekhraj Mahtani, a noted philanthropist- businessman and the Ventriglias, the infamous Italian family in Zambia. The case took a form when the Ventriglias illegally took hold of the Zambezi Portland Cement. As per the claims of Dr. Mahtani, the legal ownership of the factory belongs to Continue reading → Continue reading →

Lusaka High Court Proceeds Further In The Zambezi Portland Cement Case

December 1, 2017 by DRMZambia
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As per the latest information provided by the Lusaka High Court, the case hearing between Dr. Mahtani and the Ventriglias duo Antonio Ventriglia & his wife Manuela Ventriglia. This case is for the shareholding ownership of Zambezi Portland Cement, a premier cement manufacturing company in Zambia. As per the claims made by Dr. Rajan Mahtani, the Ventriglias have illegally captured the factory when he is the sole owner and joint-venture partner of the factory. The Ventriglias, on the other hand, have claimed that the shares Continue reading → Continue reading →

Dr. Rajan Mahtani Positive Of The Court’s Judgement, This Time

November 25, 2017 by DRMZambia
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Over the years, Zambia has seen various improvements in its economy. Corruption and illegal activities have reduced and overall government as well as non-governmental organizations have started to work as per standard procedures. However, the legal system needs improvement, especially in terms of fast-track court and their judgment procedures. Take the example of Zambezi Portland Cement. The case has been lying at the Lusaka High Court for more than nine years. Even though many experts have already provided their views regarding the right judgment, the Continue reading → Continue reading →

With Lusaka Hc’s New Announcement, Conspirators Taking Step Back

November 12, 2017 by DRMZambia
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Dr. Rajan Mahtani is a noted businessman in Zambia. Over the years, he has successfully established various businesses and companies across the nation. Some of his most famous establishments are Mahtani Group of Industries and Finsbury Investments Limited. He is also the legal owner of the Zambezi Portland Cement but is fighting with the Ventriglias for its ownership. As per the claim, the Ventriglias have illegally taken over the cement factory. This event occurred nine years back and since then, a fight has been going Continue reading → Continue reading →

Dr. Rajan Mahtani Relieved As Lusaka Hc Looks To Close The Zpc Case

November 6, 2017 by DRMZambia
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The Lusaka High Court which has been handling the Zambezi Portland Cement dispute recently announced new update on the case. As per the judge, the hearing has been concluded and the case is nearing an end. This has given a huge relief to Dr. Rajan Mahtani, who has been fighting for the rightful ownership of the ZPC for more than nine years. The judge will be announcing final judgment after receiving oral and written submissions from both contestants. The final period of submitting the submissions Continue reading → Continue reading →

Case Between Dr. Rajan Mahtani & The Ventriglias Proceeds Further

October 31, 2017 by DRMZambia
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The case of ownership of Zambezi Portland Cement between Dr. Mahtani and the Ventriglias has proceeded further at the Lusaka High Court. As per Dr. Mahtani’s claim, he owns 58 percent shares in the Zambezi Portland Cement and the rest is distributed among the Ventriglias family. He has shared many evidences such as exhibits and shareholder agreement that proves his claim. Dr. Mahtani has also claimed that his total investments in Zambezi Portland including share capital payment is much more that what others have paid. Continue reading → Continue reading →

Fate Of Zambezi Portland Hangs On The Hands Of The Lusaka Court

October 25, 2017 by DRMZambia
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Even though there have been many improvements in the Zambian economy, conspiracies and unethical activities continue to hinder the development process by the government as well as those individuals trying to establish a positive economy. A similar situation can be seen in the case between Finsbury Investments Limited and the Ventriglias. The case was launched in terms of ownership of Zambezi Portland Cement, a noted cement factory in Zambia. It was launched at the Lusaka High Court almost 10 years back and it is still Continue reading → Continue reading →