Antonio Ventriglia fights to win back Zambezi Portland Cement

Antonio Ventriglia fights to win back Zambezi Portland Cement
08 November 2013

The fight for ownership of Zambezi Portland Cement has taken another step as Antonio Ventriglia battles to regain legal ownership of the company. Mr Ventriglia was deported along with his son, Daniela Ventriglia, last autumn and is now alleging the illegal seizure of his company by a competitor be overturned.

Lawyers acting on behalf of Antonio Ventriglia have issued a writ of summons and statement of claim to the Attorney General of Zambia demanding that the government recognise the illegal deportation of him and his son, as well as repeated raids by police which led to the seizure of the company by a competitor.
The Zambian immigration authorities deported Mr Ventriglia and his son without explanation, ultimately allowing for the alleged illegal takeover of Zambezi Portland Cement by Finsbury Investments, a group owned by a well-connected businessman Rajan Mahtani.

The statement of claims that on 24 December 2012, the Zambian police illegally raided the offices of Zambezi Portland Cement in Ndola to forcibly remove the company’s managing directors and illegally install Andrew Ndanga Kamanga as CEO. The forced change of management by the police, along with the deportation of the company’s owners, eventually led to takeover of the company by a close associate of President Michael Sata.

The document claims that the “deportation and subsequent removal of the management of ZPC by the Zambia Police Service was a torturous and direct interference in the Plaintiff’s proprietary rights over ZPC and intended only to hand over control and ownership of ZPC to Dr. Rajan Mahtani and Finsbury. This was an unlawful use of state authority.”

Mr Ventriglia is seeking a declaration of the unlawful conduct by the Attorney General and the awarding of damages.

Published under Cement News

Tagged Under: Zambezi Portland Zambia