The reports of Zambia Reports have made a habit to publish defamatory articles against Dr. Rajan Mahtani on a weekly basis. Every now and then, one can easily find that Zambia Reports has published a new article where they claim about incidents which nobody has ever heard of. A major share for these articles goes to the operator, Sakwiba Sikota and its financiers, the Ventriglia family.
The most recent article from Zambia Reports talks about a deal which never took place between NCZ (Nitrogen Chemicals of Zambia Ltd.) and FBZ. According to them, NCZ borrowed a loan from FBZ with a view to meet its needs, whereas FBZ offered the loan with a view to capture the factory. This is simply a case where Zambia Reports has presented its own version of this incident and has claimed that Dr. Rajan Mahtani is looking forward to takeover the NCZ and the purpose of facilitating the loan was just a medium.
It should be reminded to all in general and the conspirators in particular, that Dr. Rajan Mahtani is not the type of person who has possessed greed throughout his life. He has never done anything as low as hiring goons to takeover a factory illegally and then loot cash from the factory cash box. Nor, has he ever tried to force a Government Official to make changes in the Register of PACRA. This kind of cheap tactics can only be implemented by people who have no morals and live with a greed to ‘loot’ as much as they can.
Now, to put the Zambia Reports claim to the garbage technically, most of us are well aware of the banking rules and the conditions under which a loan is forwarded. A bank can only enforce foreclosure on the collateral security, if the amount is not repaid. In the present case, NCZ has not been used as a collateral security and hence, no chance of takeover arises.
Get your facts right Zambia Reports!