Nyasa Times, a famous news portal in Malawi has suddenly joined the defamation campaign against the Finance Bank Chairman, Dr. Rajan Mahtani. A recent publication under the Nyasa Times tried to create a rift between Finance Bank of Zambia and the locals in Malawi by stating that the bank was never safe. The article also asked the investors to withdraw their existing savings from the bank as it may be snatched from them later on.

In response to such actions, Dr. Rajan Mahtani has hired professional services from Mvalo and Company and has sued Nyasa Times for publishing such rumors. Nyasa Times had started targeting Dr. Mahtani from the moment he had placed a proposal to re-open Finance Bank in Malawi. Issues such as opening ghost bank accounts, malpractices, corruption charges and criminal activities were clearly mentioned under the name of Dr. Mahtani and one of the published articles went on to the extent of asking the Government of Malawi about its decision, the article was titled as “Is Govt serious to allow Finance Bank to re-open in Malawi?”.

Though Nyasa Times doesn’t have any verified evidence to support its claim, it has tried its level best to instigate the people of Malawi to go against the Finance Bank. They have also published an article where they have written that Dr. Rajan Mahtani has demanded US $ 1 million from them as compensation for defamation. However, the same has not been confirmed yet.