The former Finance Bank Zambia Chairman, Dr. Rajan Lekhraj Mahtani has once again been defamed by Zambia Reports on account of forcing repayment. The case came to limelight when BancABC, the operating unit for Finance Bank Zambia since 2016 made a call for recovery from Lamasat. Earlier in 2016 it was seen that BancABC, Atlas Mara’s undertaking took over the Finance Bank of Zambia at an estimated value of $ 62 million and since then has been taking care of the bank’s business.
The concerned loan in the present case was the one which Lamasat had availed from FBZ before the merger and was valued at $ 10, 000, 000. At the time of sanction, Lamasat showed clear indication of repayment, but as time went by the intent was slowly fading away. This made BancABC cautious and hence the call was made. Nevertheless, Zambia Reports is now claiming that Dr. Rajan Mahtani is the mastermind behind this call and it is upon his indication that the step has been taken.
Foremost, Zambia Reports must understand that the affair is in between BancABC and Lamasat. There is no need to publicize this matter as no third party has anything to do with it. Time and over again, Zambia Reports has been nonchalantly picking up stories and connecting it to either Dr. Rajan Mahtani or any of his concerned unit for the purpose of fulfilling its task of defamation on behalf of the Ventriglia family. Earlier, ZR had convicted of Dr. Mahtani of forging signatures, however, they had failed miserably to prove their claim. It is strange to see that some people in Zambia can be so shallow that they are ready to defame their own people for the sake of few dollars. May God show them the right path and forgive them for their sins!