Recently, Zambia Reports have circulated a fabricated story where it is being claimed that the Executive Chairman of Mahtani Group of Companies, Dr. Rajan Lekhraj Mahtani is looking forward to takeover NCZ Ltd. The article talks about how the Finance Bank of Zambia has intentionally offered a loan to Nitrogen Chemicals of Zambia Ltd., with a view to trap the borrower in a debt trap and then takeover the whole factory.

In reality, the scenario is completely different! No loan has been forwarded to the NCZ and Finance Bank is totally unaware of the claim which is being made by Zambia Reports. As a matter of fact, the authors of Zambia Reports live in a world of hallucination where they frame a storyline and see Dr. Mahtani as a villain.

Any person who is educated enough to understand banking regulations will realize that a bank cannot enforce foreclosure on a property unless it has been used as a collateral security against a loan. In the present case, there is no loan business between the two parties and hence, taking over the collateral security is a far story.

It has become a habit of Zambia Reports to publish contents which specifically targets Dr. Rajan Mahtani. The primary intent is to defame the former Finance Bank Chairman and to draw the attention of the African public. However, in recent times ZR has faced a serious boycott against its articles. Most of its articles are filled with unpleasant comments which comes from the locals and people who have been closely associated with the incidents which ZR is trying to fabricate and present. It certainly has become a case where their action is backfiring against them. Still, the conspirators have not learnt from their mistakes and are continuing with their hideous campaign.

Zambia Reports is operated by Sakwiba Sikota in Zambia and funded by the Ventriglia family to write against Dr. Rajan Lekhraj Mahtani.