Zambezi Portland Cement has denied media reports that it owes the Zambia Revenue Authority ZMK 355 billion in tax obligations.
In a news statement, Zambezi Portland Cement Operations Manager Mwamba Kayula explained that the cement firm owes ZRA ZMK 25 billion and not ZMK 355 billion as reported in the media.
Mr. Kayula said ZPC has managed to meet all its tax obligations in line with the Tax incentives obtained from ZRA and the Ministry of Finance.
He said in August 2012, ZPC was audited by ZRA-Large Tax Payers and that anomalies were found and ZRA sent a final assessment inclusive of interest and fine amounting to ZMK 25 billion.
He appealed to interim ZPC Managing Director Andrew Kamanga to refuse to be used by Businessman Rajan Mahtani to illegally take over ZPC.
“It has become apparent that Mr. Mahtani along with his agents Mrs. Joan Craven and Mr. Peter David Kanaganayangan has no respect for Zambians Courts of law and are prepared to disregard any form of authority. It would appear that their lawyer John Sangwa rather than advice them to respect the law is the one actively encouraging them to believe that they are above the law,” Mr. Kayula stated.
“The current state of affairs is that there is a High Court Order confirmed by the Supreme Court of Zambia that the affairs of Zambezi Portland Cement Limited must be run or overseen by Mr. Antonio Ventriglia and Mrs Manuella Ventriglia. These orders are still subsisting and therefore should be obeyed. It is most unfortunate that a lawyer can be in the forefront of encouraging people to lower the esteem of our courts.”
He said the actions of Mr. Sangwa, Andrew Kamanga and Rajan Mahtani amounts to introduction of a culture of “Might is right.”
Mr. Kayula added, “This contempt of the authority of our courts will lead to people engaging in “self-help” which in turn lead to the breakdown of law and order. The lack of respect for the rule of law that Mr. Sangwa and his clients are promoting will also lead to investor confidence reducing.”
He revealed that He stated that what Mr. Sangwa, Mr. Mahtani and Mr. Kamanga are doing is very unpatriotic and will lead to loss of confidence in Zambia.
Mr. Kayula observed that a further anomaly in the so called Board meeting that appointed Mr. Kamanga as CEO is that legitimate directors were neither present nor notified of the meeting.
He stated that Mr. Mahtani seems to be using state institutions to fight personal battles adding that he has used the Immigrations Department on the Ventriglia family.
This is 2013 are those monies re-based or not
interesting!
This boy Kamanga failed to win a battle against Kalu the Great, now how can he win a business battle of such high investment???????? Awe naimwe mwebabuteko pliz just be fair coz thats what the Lord God commands you to be. Allow the courts to do their work not ama short cuts. We have eyes and we think so dont think u can blind fold everyone. Mathani will be deported one day just like the Ventrigias, his heart problem has even healed since PF came into Power… Tenfintu mweee
lets go my boy kayula
EXZIT – Mathani has to much money to be deported. Every time he farts zambians and the government wipe his bums.
Time and Chance happens to them all my bro, just wait his time will definitely come one day. It almost came during RB’s time remember?
Where are the innocent, upright-standing Zambians, to counter this evil of fake deportations, ZAWA plundering, mealie meal disaster, flooding in Kanyama, blocking opposition from holding any rally anywhere in the country, bullying business men and women not aligned to the ruling party?? where are the eminent Zambians??
I would drink in same bar with Andrew
Andrew. Why are you invoving yourself id such nonsense? Why are you sinking so low? Are you that desperate for a job? Andrew you are disappointing us. One day you want to be a businessman, Next day you want to be FAZ president by force, the next day you want to be UPND Vice President, next day you are in bed with Mathani and want to be CEO by force. What kund of a charector are you?
The solution is to WIPE OUT THIS MAHTAN GUY OUT OF THE SURFACE OF MOTHER ZAMBIA.
MAHTANI AND CNP PADDLE IN THE SAME CANOE SO WHO ARE THE COURTS TO STOP THE DRAMA THAT IS HAPPENING AT ZPC? THE COURT FEAR FOR KA JOB KANGASILE ONLY GOD KNOWS WHAT WILL HAPPEN TO THE POOR ZAMBIANS. WHY DID I PUT CNP IN PLOT 1?
Who does Kayula work for as Operations Manager?
Insansa Kuchinjanya mune , kayula you are not the right person to comment on the battle between Mahtan and the Ventriglia family, there is more than meets the eyes my dear, dont be used as pown
WHO IS THE OWNER
Can some one help me. I dont understand this battle between Mahtan and these Italians.
1 Who are the first shareholders of this company
2 Was there a time when Mahtan and these Italians were both shareholders
3 At which point did ownership of this company become contraversial
The Italians own the shareholding of the company from incption, in 2008 Mahtani changed shareholding at PACRA using photocopies and telling the Registrar that he would submit the originals within 7 days this has never materialized as Mahtani doesn’t have any orinals.
Just for your information the Ventriglia management from June 2010 to December 2012 has paid over Usd 41Million in loans of this Usd 15,8Million was paid to Finance Bank and Leasing Finance Company
The PTA Bank loan has been totally repaid and the only outstanding loan with PTA Bank is the one obtained by Robert Simeza of which Usd 3.4 Million remain to be paid.
For your information note that Andrew Kamanga is selling cement without invoice therefore ZRA this coming month will not receive the usual ZMK 3 Bilion KR…
Fools?????