Last year in the month of the December the tabloid Zambia Reports published a false news on Rajan Mahtani. The news was all about Rajan Mahtani and that he had lost Arbitration claim against the Ventriglia family. The ZIN recently discovered that the news published was false by scrutinizing the 107 page document. It was just an effort from Evans Mulenga the publisher of the news, the owner of the tabloid Dickson Jere and the paymasters Mohammed Salama, Odys Mandenakis, Ventrglias and other people to tarnish the reputation of Dr. Mahtani and Zambia.
It has been found out by ZIN that nothing in the Award is damaging the reputation of the great businessman. The absurd allegations by the paymasters on Dr. Rajan Mahtani was dismissed by the Tribunal. Nothing is there in the Award, which detriments the businessman’s position in the Zambian proceedings involving Portland Cement Zambia, the cement manufacturing company. Finsbury Investments has a shareholding in Zambia Portland Cement. The facility is Barclay is payable by the cement manufacturing company and not by any member of the Ventriglia family. Antonio Ventriglia is a borrower under an Agreement but the form’s invalidity means the claim falling under guarantee. The Award is crafted very carefully and it addresses only the issues it considered pertinent. Therefore, in several respects, it doesn’t give any ground to any member of the Ventriglia family to exploit it in other litigations in relation to the issue of forgery. As far as the legal status of Zambezi Portland Cement is concerned, the Supreme Court of Zambia on November 2013 gave a landmark ruling in favor of Dr. Rajan Mahtani.