Dr. Rajan Mahtani, the former Chairman of Finance Bank of Zambia and the current Executive of Mahtani Group of Companies has faced another attack by Zambia Reports. This time the attack has been intentionally carried out with a view to create a difference between BancABC and Finance Bank. BancABC has recently acquired the Finance Bank at an estimated value of USD $ 62 million and is operating it as deemed fit by the management.

The new picture which Zambia Reports is trying to portray is that the transfer was nothing more than a sham. As per ZR reports, Dr. Mahtani is still operating the Finance Bank. To prove their claim, they are suggesting that the repayment call made by FBZ to Lamasat was a result of Dr. Mahtani’s involvement. However, the truth must unfold. People should acknowledge the fact that the management of BancABC is not a fool who would stop taking actions parties who have violated the terms of loan repayment. Lamasat had availed a loan of $ 10, 000, 000 from FBZ. The same was repayable with interest in 60 instalments, but with time the repayment didn’t take place as promised. The result of this ignorance led to the call.

The only interest of Zambia Reports in this case is the name of Dr. Rajan Mahtani. They found that the current situation was apt to link Dr. Mahtani and Finance Bank together and hence, a script was prepared that was trying to beg the attention of the Zambian locals. The incident only raises questions with respect to the character of Zambia Reports. It appears that they are less of a news channel and more of a paid media agency. The only interest being dollars. No matter how hard ZR tries, they can never supress the truth and gain public support.