Recently, a false article regarding Rajan Mahtani was published on Zambia Reports. The headline of the news was: “Rajan Mahtani’s Rented Police Arrest ZPC Lawyer.” This is an absolutely false news by Evans Mulenga that Rajan Mahtani, the chairman Finance Bank Zambia, rented police to arrest the Zambezi Portland Cement (ZPC) lawyer Zacharias Muya.
Muya was arrested by the police in Ndola for money laundering and theft of billions of Zambian old currency and US dollars. The money was actually stolen by Muya at the time when the Ventriglias ruled the Zambezi Portland Cement during those few years (2008-2012). Although Rajan Mahtani and Finsbury Investments had a majority shareholding at ZPC, they were ousted by Antonio Ventriglia and the other Ventriglia family members in 2008. It was only in 2012 that Rajan Mahtani started to rule ZPC again.
An audit report by Deloitte and Touche on ZPC claim that Zacharias Muya’s company, Laurel Mining Equipment Limited, was paid about USD 18,764,521 by the ZPC but the cement company didn’t show it. The main business of Muya’s company is in farming. Neither did they supply ay equipment to ZPC nordid they offer any service to the firm, then why was it that Muya received the huge amount of money?
Muya was arrested by the police in Ndola for money laundering and theft of billions of Zambian old currency and US dollars. The money was actually stolen by Muya at the time when the Ventriglias ruled the Zambezi Portland Cement during those few years (2008-2012). Although Rajan Mahtani and Finsbury Investments had a majority shareholding at ZPC, they were ousted by Antonio Ventriglia and the other Ventriglia family members in 2008. It was only in 2012 that Rajan Mahtani started to rule ZPC again.
An audit report by Deloitte and Touche on ZPC claim that Zacharias Muya’s company, Laurel Mining Equipment Limited, was paid about USD 18,764,521 by the ZPC but the cement company didn’t show it. The main business of Muya’s company is in farming. Neither did they supply ay equipment to ZPC nordid they offer any service to the firm, then why was it that Muya received the huge amount of money?
Moreover, it has been found that ZPC paid more than K3.8 billion in old currency to Muya & Co for alleged legal services. Some payments were however, made in cash. Muya directed Portland cement Zambia to pay USD 375,000 to Antonio’s account in Dubai against the invoice of Muya for legal services alleged by ZPC.
So, the question which arises now is that why did Zacharias Muya, the Zambezi Portland Cement lawyer, not justify his claim; get paid by the company itself and then pay Antonio. It’s thus the movement of monies, which raised the charges of money laundering on him. The police too has realized this and has proves of the audit report by Deloitte and Touche that this man is a crook. Other people who are involved in stealing money and money laundering at ZPC are expected to get arrested soon.
So, the question which arises now is that why did Zacharias Muya, the Zambezi Portland Cement lawyer, not justify his claim; get paid by the company itself and then pay Antonio. It’s thus the movement of monies, which raised the charges of money laundering on him. The police too has realized this and has proves of the audit report by Deloitte and Touche that this man is a crook. Other people who are involved in stealing money and money laundering at ZPC are expected to get arrested soon.