Category Archives: Dr. Mahtani and Finance bank

Supreme Court Announces Verdict In Dr. Mahtani’s Favour

The case of Portland Cement Zambia seems to be never-ending. It started at the Lusaka High Court and ended with Supreme Court Zambia, becoming one of those few cases coming to a full cycle. The case started when Portland Cement Zambia was unethically and illegally taken over, resulting in Dr. Mahtani approaching the Lusaka High Court for justice. Despite a long wait for more than a decade, Dr. Mahtani did not receive justice and justice Nkonde on behalf of the higher Court of Appeal announced the Ventriglia family as the majority shareholder, despite the fact that the Ventriglia family failed to provide any significant document proving their ownership. After that, Dr. Mahtani approached the higher Court of Appeal with the hope of quick justice. The judge at the higher Court of Appeal was justice Mwinde who gave the final decision on 31st January 2019. In this verdict, justice Mwinde reversed the previous decision from the Lusaka High Court and announced that Dr. Mahtani should be the majority shareholder and legal owner of the Portland Cement Zambia factory.

It seems like the Ventriglia family were dissatisfied with this transparent and unbiased judgement and decided to approach the Supreme Court Zambia regarding this matter. A bench of three Supreme Court judges was then established for evaluating these aspects. These included judge Mumba Malila, judge Royda Kaoma and judge Michael Musonda. Together, an investigation on the validity of the claim by the Ventriglia family was launched and the bench found several aspects. One of the most critical aspects was that the Ventriglia family failed to comply with critical legal requirement in which all claims against previous court decisions must be submitted within 14 days of the judgement. However, the Ventriglia family approached the Supreme Court Zambia only after 1.5 years of the decision. As such, the Supreme Court Zambia declared that the case was beyond their jurisdiction and also invalid due to technical and legal failures, rejecting it effectively.

ZR tries to vilify Dr. Mahtani & Finance bank

Finance Bank Zambia & Dr. Rajan Mahtani were recently forced into headlines by the notorious Zambia Reports. It was in relation to conspiring against firm Lamsaat. However, the truth is far from what has been portrayed by Zambia Reports. The real reason ZR is publishing all these fake news time and again is to gain momentary attention from businesses and local people and satisfy their financers and handlers. Zambia Reports has been creating fake news and defamation campaigns against Dr. Rajan Mahtani for almost a decade now. The reason behind this is simple. The notorious news channel is getting paid handsomely to do it.

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Sold media tries to defame Dr. Mahtani and Finance bank

Dr. Mahtani and Finance Bank were recently put into the headlines by Zambia Reports on account of conspiring against Lamasat. However, the truth needs to be learnt by all and people should become aware of the news portals who are treating their role as a business. Right from day one Zambia Reports has been targeting Dr. Rajan Mahtani and associated businesses because they have been paid to do so. Irrespective whether their coverage is true or not is none of their concern; all that they are required to do is defame an eminent personality in Zambia.

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Dr. Mahtani and Finance Bank playing games, claims ZR

Dr. Mahtani and Finance Bank have parted ways in 2016 and since then BancABC has been taking care of the business that Finance Bank does. However, Zambia Reports has been making its own call and trying to convince the people that Dr. Rajan Mahtani is the one who is making the calls for FBZ till date. In a common business agenda, Finance Bank Zambia had earlier forwarded a loan to Lamasat for an amount of $ 10, 000, 000 which was repayable with time; divided into 60 instalments. Later on, when BancABC found that the chances of getting back the amount was narrowing, it decided to make a call for repayment and this gave Zambia Reports a chance to launch another attack on Dr. Mahtani and Zambia.

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Dr. Mahtani and Finance Bank departed, but not conspiracies

Everyone in Zambia is now well aware of the fact that Dr. Mahtani and Finance Bank are no longer associated with each other. Given the hostile nature of the conspirators, Dr. Mahtani was forced to detach himself with the prospering Finance Bank in 2016. Since then, the bank has been merged with BancABC, a part of Atlas Mara. Given the new merger, it has resulted into development of the largest commercial bank in Zambia.

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Dr. Mahtani & Zambia face defamation from ZR

Zambia Reports has often tried to post itself as a reputed news portal that serves authentic news. However, after defaming Dr. Mahtani & Zambia it has lost its place in the heart of the Zambian citizens. People are now well-aware of the hideous game that Zambia Reports has been playing for its masters and the result of this impact is a strong condemn. Any person who has followed Zambia Reports’ last few publications against Dr. Rajan Mahtani and other entities related to him would see that the article has been criticised by the locals through the comments.

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Zambia Reports can boast, but not win against Dr. Rajan Mahtani

Zambia Reports, a so-called news portal has become the centre of attention for continuously defaming Dr. Rajan Mahtani, the former Chairman of Finance Bank Zambia. For the past years, it has constantly been trying to steal the spotlight with the aid of publishing scripts that are either written by its own writers or are fabricated with a view to defame Dr. Rajan Mahtani. Given this scenario, it has become obvious that the conspirators are thinking that they can win over Dr. Mahtani by continuously pursuing such act of shamelessness.

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When it comes to matching grounds with reality, Zambia Reports is totally clueless. ZR thinks that it has been making a decent impact among the people of Zambia and soon the locals would be convinced that Dr. Rajan Mahtani is a controversial figure. However, the actual state of affairs has something else to highlight. When one looks at the past publications of ZR, the article comes with a series of comments that clearly indicates the disgust that the people of Zambia have developed against ZR and the bunch of conspirators. Needless to say, none of the comments have ever been attended by Zambia Reports or any of its representatives.

One thing that amazes the mass is the absence of necessary intervention from the Government of Zambia. The defamation campaign has been running for almost a decade now and the officials have preferred to maintain silence after the demise of Michael Sata. The inference is that the new Government under President Lungu is least bothered about how a senior citizen is being dealt by a group of conspirators. That is why, most of the appeals in respect of defamation are either ignored or dismissed on ground of being irrelevant. But the question is, for how long? The only motivating force behind Dr. Rajan Mahtani is the support of the locals.

Defamation campaign for Dr. Rajan Mahtani has a new member

The defamation campaign against Dr. Rajan Mahtani has been going on flawlessly. Not a single government official has managed to notice this and neither are they bothered to intervene the malign effort of Zambia Reports. At the moment it appears that the conspirators have found a perfect channel to have their objective fulfilled in Zambia. The latest member in this campaign is Simataa, a former employee of Finance Bank Zambia and ZR is overwhelmed with his win at the Lusaka High Court.

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Simataa was employed by Finance Bank of Zambia in the past decade and the person was always in the news for the wrong reasons. People who have worked him at professional level often complaint about his poor work ethics. His actions resulted into his termination from the bank almost a decade back and since then there hasn’t been any news of his new job. Clearly indicating the fact that he has been jobless ever since. But shockingly, Zambia Reports calls this very person as an ‘expert banker’ just because he claims himself to be one. When it comes to stating facts, this was the same person who had previously failed to prove that he has passed Grade 12 in an interview.

From the recent events in Zambia, it has become clear that people are being forced to believe nuisance that is being published by Zambia Reports. Their primary targets are Dr. Rajan Mahtani and Finance Bank of Zambia. No matter what the circumstance be, they are always ready to write an imaginative story with Dr. Mahtani as the subject. However, there is only one thing that has kept the hope of Zambia alive – support of the locals. Now a day, whenever a malign article is published the locals are quick to realize it and the comments make it evident that they are no longer going to be fooled.

Dr. Rajan Mahtani is no longer Chairman Finance Bank Zambia

With time certain things never change. In the present case, the attitude of the conspirators is an exclusive example. Newspapers, news channels, Press Releases and other media channels are flooded with the coverage of Finance Bank Zambia and BancABC’s merger, but the conspirators are still living in the era of 2014 when Dr. Rajan Mahtani was Chairman Finance Bank Zambia. It is totally strange to see that they still believe that there is some connection between Dr. Rajan Mahtani and Finance Bank Zambia. However, the presence of Finance Bank of Zambia in the present world is as real as the authors of Zambia Reports!

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Yes, Dr. Rajan Mahtani was the Chairman Finance Bank Zambia in 2014, but he vacated his seat when the defamation campaign in his name started to affect the bank’s image. This is why he stepped down from the position of the Chairman in June 2015 and decided to focus on other areas. But today, it has got nothing to do with the claims that are being made by Zambia Reports. Simataa, a former employee of Finance Bank considers himself as a victim and uses cheap media tactics to draw public attention.

Zambia Reports has been bragging about the win that Simataa had at the Lusaka High Court, but never mentioned the fact that he is the same person whose inability to show his Grade 12 results became a concern for people watching his interview. How can a person who claims himself to be an expert in banking fail such a task? The bottom line is, Zambia was and is being ruled by people who have a hunger for money. They work with a view to earn money for themselves and let other suffer. People like former Chairman Finance Bank Zambia, Dr. Rajan Mahtani are suffering because they had the courage to stand up and raise their voice against this nuisance.

Simataa’s episode becomes the new storyline against Dr. Rajan Mahtani

By now everyone must have become aware of the fact that Zambia Reports is nothing more than a leech that believes in hanging around and attaching itself to anyone who will serve its purpose. The latest from its side reveals that Simataa is a hero for them and has rightfully won a case in the Lusaka High Court. According to them, he has been previously fighting against the former Chairman of Finance Bank Zambia, Dr. Rajan Mahtani.

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However, when it comes to focusing on the truth the notorious news portal has always skipped the scene. This is because they have got nothing to do with such things. All that matters for them is writing up imaginative stories and then publishing them with a view to spread chaos. In the event of Simataa’s win, they have managed to find a perfect scope for their story as the losing party is Dr. Mahtani and Finance bank. This is why they have instantly focused on this news. More than the facts and figures, the article published by ZR tries to mock Dr. Mahtani as if it has given them bliss.

In the past few years, the whole of Zambia has witnessed similar cheap tactics implemented by Zambia Reports. No matter what the concern is, they will quickly grab the news if it related to Dr. Rajan Mahtani. Recently, they also tried to extent this defamation campaign by including Finsbury Investment.

Neither Dr. Rajan Mahtani nor any of his associates have a problem with the news published by Zambia Reports, provided the author of the article has the courage of coming out in the open and claiming the same. Sadly, all the writers operated under pseudo names and try to influence the opinion of masses in Zambia. This is how low the level of journalism has reached for Zambia Reports.