The term ‘reputation’ is synonymous with long-term growth and survival. Reputation is an important criterion for success, whether it is for an organization or an individual. It has been seen that big businesses have failed when their reputation go down. At the same time, good reputation can also bring back individuals and organizations who have suffered losses. The same benefit was received by Finance Bank Zambia. The bank, even after suffering losses due to negative reputation, was able to bounce back and continue its operations with profitability.
Finance Bank Zambia, which was once a sprawling and growing bank in Zambia, is suffering from a series of troubles now. The bank was established by Dr. Rajan Lekhraj Mahtani, one of the premium businessmen in Zambia. During his leadership, Finance Bank saw exponential leadership and was able to take Finance Bank to new heights. After the bank reached a well-established position, it was given to another entity for management so that Dr. Mahtani can focus on his other new ventures and take them to the same level of growth and development. However, the new leadership turned out to be not as effective as the previous one.
The conspirators of honest businessman like Dr. Rajan Mahtani have created perfect circumstances for them by using paid media channels and goons to bent things their way. However, the biggest victims in these situations are the common people of Zambia. These people, who are not aware of the insider factors happening within the industries, are constantly bombarded with controversial and contradictory news, creating confusion and disruption. At one hand, they are well aware of the positive contributions made by Dr. Rajan Mahtani and his associations have made towards the economy and social upliftment of Zambia. On the other hand, there are frequent news and defamation campaigns accusing him of fraud and other activities. These campaigns have certainly disrupted the normal day-to-day activities of the general people of Zambia.
Nowadays, it has become an extremely suitable strategy for people for shift attention towards others when they find themselves in compromising situations. Take the example of Simaata Simaata, one of the most notorious personalities across Zambia. Simaata was once employed with Finance Bank Zambia. However, his continued involved in various unethical practices even after various warnings from the bank lead to his ouster. Instead of focussing on changing his habits and focussing on becoming a better individual, he started spreading rumors regarding the bank at started damaging the reputation of the bank.