False Assertions Against Dr. Rajan Mahtani, the Chairman Finance Bank Zambia

On November 6, 2013, two articles under “BOZ in press query poser” and “Mahtani claims K120 million from BOZ” on the Daily Nation and Zambia Reports were published respectively. They must not be recognized and accepted rather they must be dealt in the Court of Law . These news outlets are not providing genuine information. They are up to some plan to tarnish the image of some reliable persons and organizations. These people do not recognize the harm they are causing internationally and locally to the repute of the nation. They only seem to be concerned in their pay-masters, the people who are busy making their own plan.

The fact as specified below justify the allegations: 

Once Gilbert Temba was Njovu’s partner in Investrust Bank? 

Never did Dr. Mahtani claim from BoZ for any recompense for Bank of Zambia wrong doings, which were manipulated at the time of previous government although he must and the demand rightly would be huge.

The alleged unlawful activities were all untrue and made up by the connivers who longed to avoid repaying their loan and share spoils with people involved in earlier government. It has almost been two years that Finance Bank Zambia was handed over legally.

Why the Zambian Reports and Daily Nation are publishing articles now?

The actual answer is: several culprits have already had their legal proceedings processed through Courts and presently are in a quandary as to the way to pay back these loan amounts without bearing any loss in their unlawfully gotten properties? 

They have joined hands with several earlier administration’ perpetrators for using this tabloid and using discrediting techniques. All this has been done in order to persuade the Courts and compel Dr. Mahtani and Finance Bank. They have been unsuccessful in the past and would be unsuccessful again if they  don’t expose themselves openly, admit their misconduct and confront the truth. 

FBZ or Finance Bank Zambia has always obeyed all the needs of Banking and Financial Services Act. Authentic enquirers may get copies of their yearly accounts,which have been audited by well-known International Auditors.

Problems relating to the First Rand Limited, a financial service provider in South Africa, as well as their plotters are a legal matter and as a result sub-judice. 

Zambian banker in press query’s para 11 may only be related to Chairman Finance Bank Zambia,  Rajan Mahtani, who refused to have been involved in such a case and has thus directed legal investigations through hiring lawyers. 

It’s very clear that the persons responsible for are using similar techniques of blackmail, cheap media and vendetta. Masterminds are identified and are expected to be dealt properly by authorities.