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Zambia Watchdog

Police detain Mahtani’s lawyer

Finance bank chairman Rajan Mahtani

The Drug Enforcement Commission (DEC) has arrested  Zaida Essa, the lawyer for Finance bank owner Rajan Mahtani.

The Watchdog has been reliably infomed that Miss Zaida Essa was arrested yesterday (Monday) evenning.

She was, according to sources, detained at Woodlands police station and it would seem spent the night there.

It was not yet clear by time of writing this article if she had been released on police bond.

Sources further hinted that the arrest of Mahtani’s lawyer is the first step toward the arresting of the main fish.’

DEC spokesperson John Nywali could not be reached for confirmation. But last week he confirmed that Essa was interviewed by DEC officer for over four hours.

Essa’s arrest is in connection  to alleged fraudulent altering of  shares in Zambezi Portland cement.

The faudulent changes in shares is said to be in favour of Rajan Mahtani.
The complaint to DEC was lodged by Odys Mandenakis and Antonio Ventriglias.

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Date
February 16th, 2010

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51 to “Police detain Mahtani’s lawyer”


  1. Londoner says:

    By the way,you do not see any affluent indegenous Zambians in the City markets?Or do you? They seem to be pitched up at Lusaka Club and the Golf course…making corrupt deals.This is not a race issue but a class one.As for South Africa…can our Indian friend tell me how do they mix with the local blacks? Are they marrying black men and women in numbers? As for Indians in Zambia sleeping with black women…let me tell you here in the UK over 2 million blacks have made their way from the Africa (500,000 from Zimbabwe alone) to the UK in the last 6 years.It hasn’t taken them long to screw white women.What is the difference? Indegenous Zambians need to learn that one has to work hard for a good living.No point spending all the money you earn.You need to save and invest.This Bamba Zonke attitude should be dispensed with. See what happened in Uganda after Amin.They (Ugandan locals) tried to run shops and within no time all went bankrupt!No sense of expenses.Take all the money from the till and spend all of it!!Learn to respect someone else’s property.Stop thieving from hospitals/offices etc.Do not abuse aid given by charities and donor companies.Be responsible.That is the way forward.Otherwise Africa will sink and the Whites will screw you.Yesit is the Mulktinationals who are screwing Africa big time.Not local Indians.

  2. Londoner says:

    No way Mahtani will get to court.Money talks and bullshit walks.Soon the ugly face of corruption will rise to allow him to get away scott free.Tell me how many Zambian Government officials (from top to bottom)are NOT corrupt?None my friends.Every tom,dick and harry is corrupt.That is why Africa will never rise.Indians in Zambia are small fish.The major players in this fraud/corruption scenario are a small number of local Zambians.Corruption is a disease…

  3. Alistoto says:

    Dog

    You are right when you say you have a problem of identity, just like any other Zambian youth. But let me also remind you that you suffer from inferiority complex.

    I have alot of indian SouthAfrican friends who are my former classmates in SouthAfrica. I have lived with them in Phoenics were you find a large population in the world second to India.

    Their behaviour is examplary. They are down to earth and very accomodating. Indian SouthAfricans are more civilised than Indian Zambians, hence the reason for their exploitative tendancies. Can I aslo mention to you that when I am in Dubai or Hongkong, I employ Indian friends as laggage carriers for as little as 10 Dhiram or 10 Honkong Dollar? I want you to start thinking that between you and me there is no difference, what you can do I can also do.

    For goodness sake, be like SouthAfrican Indians who don not see the barrier between themselves and black SouthAfricans.

    Mwaice you still have alot to learn. Zambians are very hardworking people.

  4. proud zambia says:

    Dog. A majority of us Zambians – 80% or more accept Indians as Zambian Indians for the others they only baiting you.
    Why not ignore them. Mahtani is a crook whether he is an Indian or Zambian, let him be punished.

  5. Dog says:

    proud Zambian,

    Honestly, I try to stick to topic, but I feel it gets hijacked by Indian-bashers unnecessarily whenever an Indian is mentioned.

    If you’ll notice, I have offered small olive branches to a number of people here, but to no avail. We NEED to start ending decades of mutual distrust between each other. I’ve even offered to meet some of them. No luck there.

    Also, I wish I could call myself your name. Unfortunately, it’s difficult. I am young and am still learning to deal with my identity. As much as few will accept us, most will not.

  6. proud zambian says:

    Dog – Why do you not stick to the subject of the blog MAHATANI and his crime, it cannot be a private matter – fogery is a crime under laws in India as much as Zambia. And if you are in Zambia why constanly harp about you being an Indian and the rest of us black Zambians!

  7. Dog says:

    Alistoto & Mwana ka Mwanta,

    It seems you have become personal. That’s OK. Because I also think that your understanding of your own country is way less than mine, a foreigner in your eyes! You think I am stupid. That feeling is mutual. So we’ll never agree.

    As for Zamtel, your reasoning is very, very shallow (Alistoto). Anyone interested, do read it, I won’t repeat it here. As for this Mahtani saga, it simply grinds you both because of his race! That’s a fact no matter how hard you try to be subtle in your comments. Because, frankly, it’s a private matter and has got nothing to do with me or you. It’s much like property grabbing :) , but on a grander scale! So all I see is jealousy, envy, hate because Indians are wealthy and the majority of Zambians are suffering. Otherwise why did you even mention Mazabuka when this is about Mahtani?! Then you say I am cheap because I see this as an ethnic race issue. Look who’s talking.

    You mention Kamwala and talk about paint. PAINT? Get real man. Not like the rest of the city or even the country is clean & green. Besides, who are the majority of shoppers there?! And as if Indians are inhabiting all the compounds! Do you see any Indians at City Market?!

    Then you talk about shouting the workers. Yeah right,like Zambians have the best working culture in the world. Little wonder then even black Africans complain. Oh, the salaries? I guess Zambians are the best employers then, right? If that’s the case, why don’t they leave and go work elsewhere?

    Then you say we don’t go ‘places.’ That means you don’t know where to go, and an even better reasoning; if that’s our choice, why does it bother you?! We drink less and work more, unlike some of you. And when our lives go forward, and yours backward, you cry “I hate Indians!” And my favourite, you talk about making Zambian women pregnant?! Takes two to tango. Complain only if it’s rape, otherwise teach them to keep their legs closed.

    Finally, you are not good at profiling. My father has never owned a shop, neither did my grandfather. Nor will I. I guess living my short life on 4 continents gives me a view of the world that you will never have. Sorry.

  8. Alistoto says:

    I commend what DEC are doing. But I want to urge them to extend this to Mazabuka, I hear there is another untouchable family who have been a niusance to Zambians because the government machinery has been manipulated. This has been going on for over 40 years. They were best friends with KK and other senior government officials.

    What is worrying is that they at the same time hold very senior positions in the police service, a strategy to have access to vital information on which to act should need arise.

    Last week Mazabuka Business Association hinted to say a Senior manager at Zambia Sugar has been threatened by powerful businessmen for promoting small scale Zambian business men. Theses are the same culprits, they own Mazabuka, they are the president of Mazabuka, they can do anything to anybody or institution if you are targeted. They hold entire Mazabuka at ransom. Their workers are treated like slaves. Workers are insulted and shouted at will in the presence of their clients. In short they have no respect for a Zambian because they have bought government machinery.

  9. Mwana Ka Mwanta says:

    Alistoto,
    I trust you are well.
    Never waste your time with Dog. If he is Indian as he claim, then he is one of those Indian boys, closed for ever in his father’s shop and never goes out. So the computer is the only way out to the world. Have you ever seen Indian boy (s) in “places”? if not,how do you think Dog can get any useful information to debate with you? Most of the things that you may write, he won’t understand a thing. You will be speaking on top of his head.I did it once, and I knew his mental capacity is still developing, so I left him alone.

  10. Alistoto says:

    A few days ago I had a heated debate with DOG who insisted that Zamtel should be privatised because Zambians were incapable of running their own affairs.

    In trying to prove my point I gave an example of successful Zambians of high caliber managing affairs of other nations. But this guy could not see sence from what I was saying.

    Now from the debate that has been going on on this topic, I now understand who DOG is. I dont think I will ever waste my energy debating with him. End of the story.

  11. LuluW says:

    Mahtani and his team of dogs should be thrown out of Zambia. Period. No ifs, No buts. Some people just never learn and we shouldnt waste our time teaching them.

    I know of SEVERAL horror stories where Mahtani has played a great role. Its time to get rid of him. Really.

  12. Mwana ka Mwanta says:

    Dog,
    Since from ur own writing, you have agreed that “I can teach you how to wash ur hands,” pants down! I can not go any further. What I first wrote was an agium or metaphorical if you like, but never got anything from it. How can I then go any further? I like talking to some stand up guys. But you are just pouring suger in your own gas tank. Your bitterness will take you nowhere. And your writing on this blog will not save any Indian. So take your own temperature, and be cool. The “Mahtan Thing,” you have friends here, who can keep you company. As I said, “we can not eat from the same table,” you are thinking “ethnic” which is cheap to me. I mentioned Kamwala, go there. That place looks like a shanty compound. Look at the condition of service the workers get from the traders. Look at the building, old, not painted etc. That is what you will get if you went to Kampala or Kenya where Indians are. Go to Chipata, how many Indians have messed up local girls and left them pregnat and forsaken? Indians are very few in Zambia, but their wrong doing matches that of many other zambians.

  13. Mwana ka Mwanta says:

    Dog,
    Wachepa sana. You continue with with Chifunda or any of ur friends. I am more mature enough for you. We can’t eat from the same table, because first; I have to reach you how to wash your hands. And that will take alot of time. Have a good day young man.

  14. Ayoub Ismail says:

    SMITH assuming you are White – let me educate you Mathani is a Zambian Indian not Indian per se – just as Whites in South Africa are South Africans not English or Dutch. And as you sound like those who who seek solace by blaming Indians for everything, even your constipation than choke on your jealousy and anger against Indians. Whatever you do – Zambian Indians are here to stay and you can do NOTHING SWEET NOTHING about that.

    Anti Mahtani Zambian Citizens. Congretulations for articulating such a brilliant input. I want to add to what you say:

    The Pakistani’s led by Barkat Ali working for Finance Bank, and are left overs from BCCI Bank of Credit and Commerce International, a bank which was closed down world wide by regulators for money laundering etc etc. Barkat Ali and other foreigners should all be taken in for questioning and immediately deported. BOZ should also immediately take over running of Finance Bank as permitted under the Laws of Zambia.

  15. SMITH says:

    this crooked indian shld be thrown in jail 4 the rest of his life,damn ,i hate these chill chewing dogs

  16. anti-manthani zambiancitizens says:

    Zambians,
    You have all articulated the issues pertaining to Rajan Manthani-Chairman for Finance bank very well. However, I wish to draw all of you to a number of issues that our mother zambia ought to be well informed of.
    1. Why has Manthani remained the wamuyaya Finance bank chairman for more than 21 years? Does the Bank of Zambia, observe and enforce the corporate governance strategy at this bank?
    2. Why has Finance bank maintained all the board members i.e. Chamunda, william Nyirenda, Tom Mtine, Steven Malama, Mrs. Clevan, Mrs Shurtlz (sister to Manthani), etc, etc for more than 21 years. Does the Bank of Zambia, observe and enforce the corporate governance strategy at this bank?
    3. Why has the government of the republic of Zambia allowed all the Indians and Pakistanis consecutively renewed their work permits without looking at the local qualified labour? Liato as labour minister, please comment? It is evident from the random research sampling done so far that personnel at immigration offices have benefited much from these transactions at Finance bank when granting work permits to these individuals at the instructions of Manthani and the use of the ‘sick NOEL NKHOMA’
    4. Finance bank is the only institution in this country which has more than 13 expatrites i.e. D. King (MD), Barkat Ali (DMD), A. Geerverheze (Exec Dir- Finance), I.Ali (Exec Dir – Credit), Asad (Dir -Audit), P. Lunn (Dir- Special Projects), S. Ghazi (Dir- IT), M.Khan (Ass Dir -Treasury), Mrs. Pathak (Dir Facilities) surely even facilities which could easily be handled by a junior local personnel has to be given to an Indian, why? and another Pakiatan who hides at 5 th floor (Manthani office) and drive FBZ 16. It is believed this is the gentleman who has actually hiden the papers of Zambezi portland cement ltd. The question is why has bank of Zambia allowed this situation to degenarate to these levels? liable Sources hinted that Morris Molomba and chisha (BOZ Directors) have benefited greatly from shielding shaddy deals of money laudering by finance bank employees in particularly Barkat Ali.
    5. Why has Manthani being loosely allowed to steal from more than 550 finance bank employees their hard earned pension funds which the bank had from 1988 – 1999 (non-contributely pension funds) before the contributable pension fund was introduced in 1999?
    6. Why has the Zambian government allowed Mathani to manipulate most of the companies that innocently borrow funds fron finance bank NOT manthani as an individual taken over the running of those companies if for some reasons they defunct.
    7. Why is it that Finance bank is the poorest paying (lowest salaries) and not comparable conditions of service to other banks in the country?

  17. Lorac says:

    Shame on you all saying Dr.Mahtani should be arrested!!! You are overcome by envy and jealousy over Dr.Mahtani’s success! Let me ask you this,which one of you can boast of such success having started from practically nothing?? Like I thought ,NONE!!! And now you have a lot to say! Talk because you have something to say not because you have to say something!! Its because of such atitude(PHD)Pull Him Down,that making it in Zed is so difficult,because 2/3 of the zambians around you will say and do nothing to encourage you but wait for you to fail and have a million things to say!shame on you!! A foolish zambian always takes pride in anything that takes away control from another zambian,that’s why this country hasn’t developed because if one zambian rises to do something for his country,hundred will be waiting to PULL HIM DOWN!! Shame on you.

  18. Carol says:

    Shame on you all saying Dr.Mahtani should be arrested!!! You are overcome by envy and jealousy over Dr.Mahtani’s success! Let me ask you this,which one of you can boast of such success having started from practically nothing?? Like I thought ,NONE!!! And now you have a lot to say! Talk because you have something to say not because you have to say something!! Its because of such atitude(PHD)Pull Him Down,that making it in Zed is so difficult,because 2/3 of the zambians around you will say and do nothing to encourage you but wait for you to fail and have a million things to say!shame on you!! A foolish zambian always takes pride in anything that takes away control from another zambian,that’s why this country hasn’t developed because if one zambian rises to do something for his country,hundred will be waiting to PULL HIM DOWN!! Shame on you.

  19. Ayoub Ismail says:

    Thank you Dog for clarifying. Online blogs always attract the immature who want to blame all their shortcomings on Indians. That is the tragedy of Africa but happens in UK, USA, now also in South Africa and many other countries. If it were not Indians it would be another minority. But if you read what many of the writers say you should appreciate they many defend the Indians. So better if you are passionate about yes the unwarranted attacks on Indians to ignore the immature contributors who blame Indians.

    Re: Many facts will emerge about this crook, as they say lets wait and watch. From the part his family’s supply of weapons in early 1960s to Moise Tshombe and his secesstionist in Katanga who killed and raped thousands, in Congo, to the maize scandals, to other crimes at Finance Bank. Mathani should not be judge to represent all Indians, NO, he is a business man running his businesses in Zambia, who happens to be a crook in the perception of many Black Zambians, Zambian Indians and many other.

    I understand your passionate defence of the Indians. But its misguided you are addressing ‘failures’ who would blame any foreigner if not Mahtani, they explain away their failures by blaming Indians or foreigners.

    But look at the inherent good of Zambians by how many contributors do not mention Mathani’s race etc.

    I give you DOG my words of wisdom, maybe you will disagree. We Indians are now ZAmbian Indians, or South African Indians, or Kenyan Indian not per se INDIANS.

  20. Mamba says:

    We are all greatfull to DEC!!!!!Let these crooks and criminals be arrested and jailed!!!!!!!!

  21. Ayoub Yousuf Ismail says:

    And DOD my full name Ayoub Yousuf Ismail – can give you my contact details maybe Mahtani can send his thugs to me!

  22. Ayoub Yousuf says:

    And DOG why is Mahtani on the run – leaving the girl lawyer and his staff to face the music. Jealousy? Why? No am an African nationalist intent on stopping the Mathani’s of this world, black, white, Asian from raping African countries pf its wealth. Mahtani is not the only crook in Zambia there are many, ZAmbian (blacks) whites and Indians and other nationalities but that does not exonorate Mathani or make him any less accountable? By the way are you a Hindu and related to Mahtani as you are so passionate!

  23. Ayoub Yousuf says:

    DOG case proven you suffer from a complex. Suffice to say Mahtani will be brought before the courts, yes the UK courts will send him back if he runs to the UK. Soon the DEC will issue a warrant. Proof of his being a Hindu not born again Christian – many Hindu’s. Stop inciting black Zambiana with your crazed views. Mahtani will be proved guilty in court.

  24. Dog says:

    Ayoub Ismail,

    Spare me your crap. You seem to have something against Mahtani. Most probably jealousy! You think I am living in Zambia. Prove it! So what privilege are you talking about? You think I got a complex, explain how.

    The only reason I brought race into this, is that if you notice, any articles involving Indians (not you, you are not one!) degenerate into racist drivel, caused by nothing more than a blind envy. In this case, it’s the same. Mahtani is super rich. And that hurts you and most posters here. Let the law take it’s course. If Mahtani said he runs a parallel government, prove it! I wanna hear him say it.

    So before telling me to stop posting ‘racist’ comments (honestly, what is racist in what I’ve said?!), perhaps you should stop posting personal opinionated trash, and at least back up your claims with factual sources. Do you have a pic of him in a Hindu Temple? If so, are you sure he was there to worship? I will tell you I saw you in a synagogue. Prove me wrong!

  25. Shinnnnn says:

    Zambians please be mindful of this crook Rajan Manthani and his cohorts-Ka Noel and the Indians thieves like Barkat Ali, Geevergese and Ishid Ali.

    It is truly time for Manthani to squarely answer for all the atrocities he has afflicted on Zambians. This man thought was very clever during Mwanawasa reign, because started insulting even our former president FTJ. Please, FTJ facilitate the Zambians call for this thief Manthani to be arrested.

    Manthani has also stolen pension funds for Finance bank employees for the period dated 1988-1999, which sadly he diverted from the bank to Finance leasing ltd without prior agreement with finance bank management at that time (the late Mr. M. Wadood- May his soul rest in eternal peace) using the secretary to sign on the transfer document and himself-shameful, simply a thief.

  26. Kibakiman says:

    Whats wrong with this Mathani guy, he must have set a record of being arrested on polical grounds if he gets arrested again by RB. He has been arrested by Kaunda, FJT, was protected by LPM and now is on the verge of being arrested for the third time by another president???

    And check how foolish he became under the protection of LPM where his Proffessional Insurance was pushing ZSIC out of business not meritoriously but politically, how Finance bank grabed all major Govt accounts, how Zesco was made to sign a cement supply contract with a yet to formed zambezi Portland Cememnt company, and how he abated money laundering by allowing one Chipoya to withdraw K5B cash from one of his banks, and indeed, how he coverted the shareholding in the ZPC, and that Ndola Oil campany.

    This guy, given the latitude can sell the country.

  27. Ayoub Ismail says:

    Let me clarify: In early 1960s Katanga wanted to breakaway from Congo which had just won independence from Belguim under the great Patrice Lumuba, Mahtani’s family business had a gun trading license, and Walenky use Mathani’s family to supply arms to the Katangese, and got paid in diamonds. This is the begining of the wealth of Mahtani. Everywhere Mwanawasa went out of Zambia Mahtani was part of the delegation why? The Swiss bank holds Mahtani’s shares for him as nominee why? DEC stop harrassing innocent Zambians, the girl lawyer and others go after the big fisf Mahtani and even Maureen, maybe KK should also tell us what he know about Mahtani. Mahtani is a practising Hindu (see him in London Hindu temples) but to impress ZAmbians ans win them over says he is a born again Christian. Bull Shit.

  28. Ayoub Ismail says:

    Please guys calm down. The Indian blogger has a complex – why bring up the issue of race? Mahtani is a Zambian citizen, whose family supplied arms to the Katangase (Congo) rebels, and this man Mahtani, has been corrupting Zambian politicians since 1970s, KK, Chiluba, Mwanawasa were all in his pocket. Look the the footage of Mwanawasa’s funeral – see Mathani, his wife and former First Lady. Mwanawasa was as corrupt as any of the former leaders. WE NEED TO ACKNOWLEDGE that where RB is concerned Mahtani could not corrupt him. Sata has been bought by Mahtani – DEC should raid Sata and PF offices for proof. Well done RB you are a true patriot you are fighting corruption. And by the way the guilty in corruption is the GIVER and the TAKER. And you Imndian stop making racial comments you are lucky and priviledged to live in Zambia.

  29. K K says:

    Sharkson believe me you am far from being an Indian.I am a full time black Zambian bt will not shy away from calling a spade a spade.What am really concerned is the amount of pettyness and jealousness that is growing at an alarming rate in zambia and nothing further.So you are my black fellow zambian bt i will say let the innocent be such until proven otherwise and let us be thankfull.period.

  30. Sharkson says:

    Ba KK,just from your racial comment i can tell that you are of Asian origin,now look here even if he is helping our bros,if he is found wanting by the the lawz of the land he needs to complie.nothing like helping our pipo & bra bra bra here

  31. Mwana ka Mwanta says:

    Chifunda,
    Naiwe, Dog akuyofya zoona. You don’t know what his pipo do at Kamwala? Don’t be like a smal hungry dog barking but bokosi kaika ku chiumba. Be strong man. If you have a point bring it on..

  32. Mamba says:

    So Finance Bank HQ has been ceased by DEC well done!!!!!!!!!

  33. Dog says:

    Chifunda,

    What do you mean when you say Mahtani and his FELLOW pipo (sic)? Do you mean DEC should arrest his fellow ‘crooks’ or do you mean his fellow Indians? If you mean the former, ignore the rest of this post, and I apologise for interpreting it as the latter. But the reason why I assume you meant Indians is because any story on ZWD with an Indian character in it has brought forth a flurry of radical, angry comments, mostly unwarranted.

    So if you are grouping all Indians as crooks, then it is time you stop being envious and presumptuous. It is time you stop assuming that Mahtani and his fellow pipo (sic) are all wealthy because they are corrupt criminals. Surely not all. Maybe it is time you get off your lazy ass and work, work, work, so that eventually you too can be classified as a crook and a criminal when you have flashy cars and houses. Now that would be fair, wouldn’t it? Oh, I’m sorry if I just boxed every Zambian as lazy. But you have labelled us corrupt. Are both these claims fair? Of course not!

    If you think being corrupt and a crook is the reason behind our wealth (which, honestly, is not as much as people like to believe), digest this; for every Indian willing to corrupt, there is a Zambian stretching out his hand willing to be corrupted. The wealth has not come overnight (no magic potions!), but rather over generations. Without meaning to sound patronising, if you start now, your grand-children will not have the disdain you and a considerably plenty now have for Indians. Just food for thought.

    Enough of this senseless Indian bashing. By all means, bash us, but then at least care to provide fathomable reasons, instead of just wishing us away to the slums of Bombay!

  34. Ayoub Ismail says:

    Release the poor girl lawyer Essa, she is a victim even being sexully abused by the sex pervert

  35. Ayoub Ismail says:

    Zambian Government must issue international warrant of arrest for Mahtani. Let the British Government show its commitment to the fight against corruption by arresting Mahtani who lives in London and sending him back to face the music in Zambia. Congrats RB you are now seen to be fighting corruption. Swiss bank is nominee shareholder for Mathani, in Finance Bank – close down the bank and all Mahtani busineses.

  36. Peace says:

    DEC the zambians re with u,dont spare any one this time.

  37. mwamba says:

    Chiluba has a borne to chew with Mathani.Carlington maize scandal. And now chiluba and RB are freinds. My be its time for FTJ to SETTLE SCORES

  38. Dark Knight says:

    Mbulawa; you must be naive, ZW is simply calling a spade a spade. Mahtani “owns” and controls FBZ just like Bill Gates “owns” Microsoft with his 15% stock in Microsoft. Apart from the 25% shares that belong to Credit suisse, the rest are either Mahthani’s relatives or friends in Canada, Virgin Islands and the Shultz’s in Zambia. This is simply to comply with the Bank laws that you have quoted, however ZW and everyone else knows who owns that Bank, it’s Mahtani because he controls the vast majority of the shareholders of the bank.

  39. Chifunda says:

    DEC it is time you started arresting the real crooks and criminals

  40. senzo says:

    DEC you have been bought.

  41. senzo says:

    uncle john,
    that’s sense. why cant we wait for the verdict from the courts instead of calling people names. The only reason why miss Essa got nabbed is becoz of the complaint filed in by the complainants, which is against her and not mahtani.

  42. wezi says:

    Why mention the name of Odys Mandenakis when he has no complaint whatsoever? Are you short of cases DEC or are you framing one? Is your Kelvin Sampa the mastermind? How much has he been paid and it is worth spoiling the image of an an innocent party. Let the wrought of God be upon him and his accomplices!

  43. uncle john says:

    These matters are all stale as they have been in courts for the last eighteen months. What had induced the DEC to interfere with the Courts where an injunction exists? Are these people above the law?

  44. Mwewa says:

    DEC go get Mahtani and put him in jail!!!!!

  45. The ace is here says:

    I love the pic – he looks so cute!! Like wiithout a worry in the world, so as to say any publicity is good publicity, this phase will end! :)

  46. K K says:

    Let’s not be presumptious.He is still innocent and besides its hes lawyer arrested and not him.Why are you pipo so jealous in this country!The man has employeed hundreds of your brothers and sisters and yet you are demanding for his blood just at the arrest of his lawyer.LEAVE HIM ALONE YOU FAILURES!

  47. Meleki says:

    Mbulawa,
    Mahtani found and controls Finance bank. So he is the owner. I think the real test of ownership is control.

  48. Mbulawa says:

    ZWD please Mahtani is not the OWNER of Finance bank. He is one of the shareholders. He holds 25% of the banks shares.! Zambian banking law does not allow any one single individual to have more than 25% of a bank’s shares. The only bank which was given this exemption is ZANACO when Rabobank was allowed to acquire 49% of the bank’s shares. Rabobank it must be noted however that is not even an individual but an institution with many shareholders! Of course it would be correct to refer to Mahtani as FOUNDER of Finance Bank. However he was forced by the new Zambian banking law to dilute his share holding. 25% each went to Credit Swiss, Lolita Capital partners and the Schulz family of Ndola. Mahtani retained the remainder.

  49. dalitso mambwe says:

    The gentle man at one time boasted that he runs a parrallel govt. maybe the CJ from the other side will clear these allegations.These are the kind of investors King cobra is happy of. His analysis is equally twisted for the sake of monetary support from RM, the LION. Let the truth come out on this one. send the burger to the Jail.

  50. Shimaini says:

    I Hope time is chatching up with Mahtan, the guy has messed up alot of pipo.the police are just wasting time to arrest that lady, let them just arrest the bugger.

  51. CHISENGA says:

    The time has come for Mahtani!!!!!!Job well done DEC!!!!!!!Such people must be removed from our country!!!!!!