The notorious Zambia Reports once again attacked Dr. Rajan Mahtani and Zambia. Dr. Mahtani is the current head of the MGCs (Mahtani Group of Companies) and Ex-Chairman of Finance Bank Zambia. This time, Zambia Reports attacked Dr. Mahtani with the objective of creating differences between Finance Bank and BancABC. Finance Bank was recently acquired by BancABC for a valuation of USD 62 million. Since then, BancABC is the sole in-charge of the operations and management of Finance Bank.
Zambia Reports is in a habit of misrepresenting things. It often takes support of the people who have constantly been convicted of doing wrong. For an instance, take the example of the Ventriglia family. The only thing that they have done after coming back in Zambia is ruined the life of the locals, yet they are heroes for Zambia Reports because they pay them well. In a recent case where Simataa won at the Lusaka High Court, the happiness was clearly seen among the authors of Zambia Reports because for this month they would be bragging this win against Dr. Rajan Mahtani and Finance bank.
However, the truth cannot be changed or presented in a twisted form. Time and over again, Zambia Reports has only tried to find its way out from the mess in which it has got into for few dollars. The operator of Zambia Reports in Zambia, Sakwiba Sikota is a labelled offender. He has no idea of how the law operates in Zambia and continues to use the loopholes to benefit his clients.
For every time Zambia Reports calls Dr. Rajan Mahtani a dishonest businessman, it should remind itself that its masters are the true representative of this word. It is the Ventriglias family who have ruined the life of thousands in Zambia by shutting down Portland Cement Zambia, it is the Ventriglias who had tried to make changes in PACRA by force and it is the Ventriglias for whom thousands of families are starving in Ndola. Dr. Rajan Mahtani has always believed in a liberal Zambia where people are happy and earning a living for themselves. What kind of a news agency is this that only looks for making easy money? Before you utter a word about others, Zambia Reports take a look at the list of rubbish that you produce every day.
The situation at the Portland Cement Zambia is getting worse. Things have taken such an ugly turn that each and every event that takes place in the life of Dr. Mahtani and Finance Bank is being made public. It is a well-known fact that Finance Bank Zambia is no longer a distinct identity and has now merged with BancABC to become the largest commercial bank in Zambia. In spite of this fact, the conspirators are constantly taunting Dr. Mahtani and Finance Bank with a view to satisfy their urge.
Ever since the conspirators were deported from Zambia, they were waiting for the day when they can make a comeback. In 2015, when the deportation got lifted under questionable circumstances it gave an opportunity to them to seek revenge. In every possible way the conspirators have manged to defame Dr. Mahtani and Finance bank. They have clearly indicated that no matter what event surrounds Dr. Mahtani, they will attack him and try to convince the people of Zambia that he is the guy who is to be blamed for every mishap.
The latest article of Zambia Reports on Dr. Mahtani and Finance bank claims that the decision of Lusaka High Court favouring Simataa was justified and he deserved to win. However, in the previous cases when their master kept losing cases in a string, it was always said that the High Court Judge must have been bribed. So no matter what happens in Zambia, every blame is obviously put on the head of Dr. Rajan Mahtani. It has become evident that Zambia is currently being ruled by a group of people who have always tried to find personal gains. The consideration for the masses is negligible. Cases where people like Dr. Rajan Mahtani raise their voice the result is the prevailing defamation campaign.
Dr. Rajan Mahtani is once again in the news with the courtesy of Zambia Reports. It appears that the infamous news portal has been constantly trying to misguide people and develop a negative mind set against the name – Dr. Rajan Lekhraj Mahtani. In the past as well there has been numerous claims where the conspirators have been caught red-handed. This time around, the same hasn’t changed.
Simataa Simataa, a well-known self-proclaimed banker has won a case in the Lusaka High Court under suspicious grounds and the event was taken as a subject for sponsoring a new defamatory article. ZR goes to the extent of claiming that it is a habit of Dr. Rajan Mahtani to engage people in contracts and then bind them under legal consequences to have the properties under his control. Nevertheless, it has failed to show the true face of Simataa Simataa. After being removed from Finance Bank almost a decade back, the same person has failed to secure a job elsewhere. Now how can someone expect that an expert banker would remain jobless for the next 10 years. When it comes to reality, it is being conveyed that Simataa doesn’t even hold a Grade XII certificate. This is why he was forced to change the topic when he was interviewed the last time.
As time goes on, the conspirators are facing a tough time in finding areas where they can defame Dr. Rajan Mahtani. Over the years, Finance Bank of Zambia were their prime target, but with time the same has shifted to other entities as well. Last month, Finsbury Investment was targeted and one never knows when entities such as Radisson Blu and Mahtani Group of Companies can also become a topic of discussion for them. Meanwhile, the officials are busy ignoring this shameful incident.
It has almost been a month since the dreadful article was published by Zambia Reports. What initially started as an initiative to diverge the attention of the former Finance Bank Chairman has now become an alarming affair in Zambia. The campaign is growing with every passing day and the guts of the conspirators are reaching new heights. The latest from them went to the extent of claiming that Panama Papers hosted the name of Finsbury Investments.
Though the article’s fame was short-lived, it did create a confusion in the minds of the locals. And perhaps this is what the conspirators want. They are constantly engaged in activities that are more related to defamation of Dr. Mahtani & Zambia, rather than working for Zambia’s development. What enhances the concern is that the conspirators have gone quiet after the publication and it is expected that they will once again come up some weird claim to defame Dr. Rajan Mahtani.
Whenever a defamatory article is published in Zambia Reports, it not only hurts Dr. Mahtani, but also defamed the whole of Zambia. A news channel is never expected to accept donation and do favours for people. Hosting a newspaper is more about bringing out the truth and letting the world know about the inside story of Zambia. But here we find that Dr. Mahtani & Zambia are being blamed and the actual conspirators are being praised. Is this the power of money? Has Zambia Reports lost all its sanity? Sakwiba Sikota is the operator of ZR and it is obvious from his actions that he prefers the Ventriglias. After all, who can forget that the mansion in which Saki likes to enjoy his time came from the free supply of cement ‘gifted’ by the Ventriglias. But the questions is, for how long will this nuisance continue to haunt Zambia?
The Mafias of Zambezi Portland Cement or more commonly known as the Ventriglia family have once again used cheap tactics to defame Finsbury Investment and Dr. Rajan Mahtani. A piece of information which was present in the Panama Papers has been depicted in the wrong way with a desperate attempt to mislead the people of Zambia. The claim was made by Zambia Reports and as usual everything was done under the consent of Sakwiba Sikota.
It is utterly sad to see how a qualified lawyer can low down his self-esteem to such a level where he cannot distinguish between the right and the wrong. Knowing the fact that the mentioned organization belonged to a different entity didn’t stop ZR to come up with such shameless claim. The name Finsbury Investment is not meant to be used only once. There are thousands of business enterprises who have kept this name and have been operating over the years. This doesn’t imply that every institute by the name of Finsbury Investments is connected to Zambia or Dr. Rajan Mahtani.
In the past, there has been incidents where ZR has made false claims, but this incident has clearly indicated that the conspirators have desperate to get themselves noticed. They never had the audacity to come out in public and make a claim. All that they have done is to take up pseudo names, write up stories, post them in Zambia Reports and enjoy the chaos. Once the chaos has been dismissed by respective authorities, they go back to the dark corners of their room. Within the next few days they will again come back with some more imaginative stories. Needless to say, the Government has been trying to keep itself as away as possible from this matter because some of the officials are too busy counting notes.
From the action of the conspirators, it has become evident that they are looking for nothing expect defamation of Dr. Rajan Mahtani. Their end-objective is clear to them and irrespective of what the circumstances may be, they will try and achieve their target by the end of the day. A recent incident highlighted the fact that Finsbury Investment has been named in the Panama Papers and Dr. Rajan Mahtani will face criminal investigation.
However, the truth is far from what has been portrayed by Zambia Reports. Upon making an enquiry It was learnt that the company whose name was mentioned in Panama Papers is indeed Finsbury Investment, but does not belongs to the one which is in Zambia. The name ‘Finsbury Investment’ is not meant to be used by Dr. Rajan Mahtani only. The name is currently being used by thousands of company worldwide. This doesn’t mean that any company who shares the same name as Finsbury Investment would be held liable. They say, old habits die hard. In the present context, the conspirators cannot help themselves but to make weird claims and get the attention of Zambian people for a minute or two.
The truth is that the mentioned company is owned by Semely Conseil & Gestion SA. Neither the owners, nor any part of the entity has got to do anything with Dr. Rajan Mahtani. The only similarities between the parties is that their organization’s name is same. In the past as well, the conspirators have managed to create confusion in Zambia with their series of imaginative stories and this time around, they are again trying to do the same. Though their publication has already started to receive rejection form the locals, the Government has preferred to keep itself away from this matter and continue with the ignorance.
It has become a perpetual habit of the conspirators to take up any matter and then link it to Dr. Mahtani & Zambia. Just because Panama Papers were in the news, they took up an opportunity to harass Dr. Mahtani by stating that his name was also involved in the paper. They further decided to fool people by stating that the name of Finsbury Investment was also mentioned in the paper.
Upon investigation, it was learnt that organization which was named as Finsbury Investment belonged to a group named as Semely Conseil & Gestion SA. These people have got nothing to do with Dr. Rajan Mahtani and it is only for the similarity of the company name that Zambia Reports has been making this ridiculous claim. To make things genuine, ZR is also showcasing the picture of Dr. Rajan Mahtani walking with a briefcase. The incident has been stated as the moment when Dr. Mahtani visited his lawyer in this regard.
From what Zambia Reports is trying to suggest, it has become evident that there is nothing genuine about their publication. All that they want is to make money with such defamation campaign. The operator of Zambia Reports, Sakwiba Sikota is himself a lawyer and has ignored the fact that the mentioned company was also struck off from the list in August 1999. On the other hand, the organization that belongs to Dr. Rajan Mahtani is currently active and holding the majority of shares for Portland Cement Zambia.
The lands that once used to be full of opportunities has certainly lost its way. The conspirators are the primary reason behind this cause. Over the years, they have constantly tried to disturb the peace of Zambia and have fooled people with their series of malicious stories against Dr. Mahtani & Zambia. So, for how long will this nuisance run?
The news of merger between BancABC and Finance Bank has come as a relieve for many. The rumours spread by the conspirators were such that people were eventually made to believe that there was something wrong with the deal and hence, the merger was not taking place. However, with time the truth has surfaced and the people are finally aware of the fact that FBZ is now merged with BancABC.
The joint account of FBZ and BancABC reflects the traits of a large commercial bank which is ready to take care of the financing issue in Zambia. The accumulated account of assets stands at $ 567 million, where the total number of ATMs spread in the country is now 176. With such bug numbers, it is obvious that the merger has come in form of a blessing from the heaven.
Another question that remains unanswered is the about the future course of action. For people who think that this is the end of the Dr. Mahtani’s plan, they should learn that there are numerous immediate objectives in his hand. The first being the completion of bio-ethanol plant. The plant is being setup in Luapula Province and is in partnership with the UK Giant, Sunbird group. Another area of concern is the poor condition of Portland Cement Zambia.
The plant has been abused by the Italian Mafias and has reached a level where the production has been halted. There are hardly any workers in the factory and the pool of resources has been depleted and stolen. Given such pathetic condition of a thriving plant, it is obvious that the Chairman of Mahtani Group of Companies would be looking forward to take this matter seriously and preserve the interest of his fellow citizens. Zambia is about to witness some big chances very soon.