It is very rare to find Dr. Rajan Mahtani talking about his own achievement. However, this time around things have become a little different as Dr. Mahtani has praised FBZ Plc. for its wonderful contribution to the economy of Zambia and other African nation. FBZ has gone ton to become an international bank which has branches in Malawi and is soon looking forward to explore the rest of Africa. To put in words of Dr. Rajan Mahtani:
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The year 2014 has been prolific for Finance Bank of Zambia. The bank has not only managed to expand its activities beyond Zambia, but has also encountered the allegations which were imposed on it by a group of conspirators. Dr. Rajan Mahtani, the Chairman of Finance Bank Zambia, is extremely pleased with the progress status of his bank and has bigger plans in the coming year, 2015. As per verified sources, it is being regarded that after the impressive performance of FBZ (Finance Bank Zambia) in Malawi, Dr. Mahtani has big expansion plans for his bank in other African countries. Malawi had the first international branch of FBZ opened in its capital city, Lilongwe on December 15, 2014. So far, the report has been impressive for the FBZ and experts do believe that this was one of Dr. Mahtani’s masterstrokes in 2014. The year 2015 will also witness FBZ’s first share trading operations in the Lusaka Stock Exchange. In a conference held in November 2014, Dr. Mahtani declared that his bank has changed its status from a private company to a public limited company. The stock trade of FBZ will commence from the first quarter of 2015. A hint on FBZ’s chance of dual listing was also given when Dr. Mahtani expressed his interest in listing his bank on the Alternative Investment Market of London Stock Exchange. FBZ is looking forward to float 25% of its shares in the stock market with a view to raise $ 250 million from the market. To sum up, one can regard that the year 2015 will take FBZ to greater heights and with the contribution of Dr. Rajan Mahtani, this bank will soon become the apex bank of Zambia. The Finance Bank of Zambia (FBZ) is now a public limited company. This news is coming directly from the Chairman of Finance Bank Zambia, Rajan Mahtani. According to verified sources, the Finance Bank Zambia has approached the Securities and Exchange Commission (SEC) of Zambia to enlist itself on the Lusaka Stock Exchange (LuSE). The listing is expected to be done by the first quarter of the upcoming year, 2015. The whole of structure of listing FBZ is based on floating 25% shares with intent to raise US $250 million. Mahtani Group of Companies welcomes Institutional Investors as well as Zambian public to participate in this share trade. Additionally, it has also been confirmed that the Finance Bank of Zambia is soon going to start its operation in Malawi by December 15, 2014 and in Zimbabwe by early 2015. Rajan Mahtani looks more determined than ever with these recent developments. At a recent conference, Mahtani did mentioned that he will actively participate in making Michael Sata’s dream come true and the visible developments have already been showcased with this news. However, he is still not free from infamous conspiracies that a group of culprits continue to commit along with Zambia Reports. It would be interesting to see how Rajan Mahtani will handle these obstacles and make Sata’s dream come true. The nation of Zambia was in grief when it heard that the President, Michael Sata is no more. Tears continued to flow from the eyes of close ones for whom Michael Sata was not only a relative but also a man for inspiration. In the midst of such heart breaking event, it is beyond shameful for the conspirators to find a scope to defame Rajan Mahtani. Zambia Reports in its publication talks about Rajan Mahtani panicking and transferring millions to another country. The report claims that some internal sources witnessed Rajan Mahtani acting cautiously and continuously talking to M’membe. However, there is much to be explained with this allegation as the group of conspirators have always insisted on adding the words ‘a source’ before their fake reports. It appears that they find it feasible to display their malicious nature through the words of a source and believe that the locals would consider the publication to be true. The actual fact about this incident is that the Chairman of Finance Bank, Rajan Mahtani, has been deeply hurt by Michael Sata’s death and is in no mood to answer any insignificant attempt to defame him. He has lost his friend, an advisor and moreover an inspiration who had proudly carried the progress of Zambia on his shoulders. The news, which claims that Mahtani is busy allocating his money to some other nation, is absolutely untrue. Rajan Mahtani has always remained loyal to the people of Zambia and he will continue to move ahead with a motivated heart. Rest in Peace Michael Sata, we will never forget your contributions for Zambia. Justice has finally been made for Dr. Rajan Mahtani who in previous months faced a series of allegation against his name. Some of the allegations went to the extent of stating that he was operating his own bank illegally and had active involvement in illegal businesses in Zambia. The whole conspiracy has been unveiled by an investigation committee that was set up to look into this matter. As of now, Dr. Rajan Mahtani has been awarded a clean sheet.html and all persisting news that convicts him of money laundering and being a part of the cartel are to be considered as fake.
Apart from being a big businessman in Zambia, Dr. Mahtani is also considered as the pioneer of Zambia. However, with the series of fake news in his name, his reputation has been severely damaged. The incident of fake audio clip created a crack in the healthy relationship between the Finance Minister of Zambia and Dr. Rajan Mahtani. According to the audio clip, Dr. Mahtani was a part of a group called ‘cartel’ that intended to run a parallel government in Zambia. One can simply expect the Finance Minister to restore the relationship after learning the truth. In the meanwhile, there has been a positive outcome for Mahtani as his bank did a good job for this year and generated a profit of US $42 million. Moreover, it also created employment opportunities for various people in Zambia by increasing the total number of bank branches by 20%. The most remarkable achievement in such regard is the extensive establishment of ATMs which by 90% during this year. In light of such statement, it can be regarded that Dr. Rajan Mahtani has been a man for whom the development of Zambia has been a serious concern and given his current contribution, he is working hard to overcome the existing obstacles. . |
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