Former Chairman Finance Bank, Zambia becomes a victim of power abuse

The Former Chairman Finance Bank, Zambia has become a victim of a planned conspiracy. A judgement which was passed in 2012 against the false charges was re-considered by current DPP and Attorney General- Lillian Siyunyi and Likando Kalaluka, respectively. It is a shame that Zambia is currently having people who are ready to bend the law as per their requirement and are looking forward to reopen a case which as previously been closed.

The Lusaka High Court finally made an intervention in this case which was re-continued from June 2015 and concluded that the arrest and charges placed on Dr. Mahtani was simply an abuse of the court’s judgement. Since, the case relating to share transfer certificates was already closed in 2012, it was not supposed to be reopened because it would mean disrespect of the Court’s decision made earlier.

Chairman Finance Bank, Zambia

The whole case relates to a claim where the minority shareholders of the Zambezi Portland Cement Factory had claimed that Dr. Rajan Mahtani had forged signatures to gain a majority of shares of the Portland Cement Zambia. An exhaustive discussion as made in this regard at the High Court in 2012 and a judgement was passed where the prosecution of share forgery was stopped permanently. However, with a change of power, President Edgar Lungu ordered for setting up a tribunal that would reconsider the actions in the case.

Mwiinde Siavwapa, the Lusaka High Court Judge concluded that the decision which was made in 2012 was given under the confidence of the seat with the Judge was occupying at that moment and not under his name. Therefore, reopening this case and making further investigation would simply mean that the confidence in the Judge’s seat has been lost. Former Finance Bank Chairman, Dr. Mahtani is extremely disappointed with the abuse of power that the conspirators are forcing in Zambia.

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