Dr. Rajan Mahtani, the former Chairman of Finance Bank Zambia, has been once again dragged into headlines by Zambia Reports. The reason being making calls for FBZ even though it had been merged with BancABC last year. The article published in such context by Zambia Reports is nothing more than a cheap attempt to defame Dr. Rajan Mahtani and the mastermind continues to make his presence feel at regular intervals.

For people who are unaware of the prevailing circumstances, Lamasat had earlier availed a loan amounting to $ 10, 000, 000 from Finance Bank Zambia and promised to pay the same in 60 instalments. However, at the time of repayment it was seen that there was hardly any intention of the same and hence, BancABC was forced to make a call for repayment. The claim which is being made by Zambia Reports in respect of unlawful operation by Dr. Rajan Mahtani is nothing more than a well-scripted story which is being secretly financed by the conspirators.

For any person with legitimate sanity, it would not be difficult to understand that when a merger takes places, the holding company is bound to make all the decision in respect of the subsidiary company. A third-party has got nothing to do with the decision making. Moreover, the incident is an internal matter of the bank and does not need any publicity from the media. The transaction has taken place in between Finance Bank and Lamasat and hence, all the dealing and discussion should remain in between them. Zambia Reports has got no business over there and yet we find that the infamous news channel is continuously trying to poke its nose. Nevertheless, we sense another attempt by Zambia Reports to defame Dr. Rajan Mahtani and Finance Bank of Zambia as they have no other business to take care of.