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The Mahtani Group of Companies has disclosed that Finance Bank Zambia will
be listed on the Stock Exchange for the benefit of Zambians.
Group Chairman Rajan Mahtani also says the reversal of the sale of Finance
Bank has restored confidence in foreign investors wishing to invest in Zambia.
Dr Mahtani says President Michael Sata’s directive to reverse the sale of
Finance Bank has proven that he will not allow any injustice to be done to
anyone.
He says in a statement that the regulators deliberately ignored the fact
that 40 percent of the Bank is owned by credit Suisse, one of the largest
players in the international financial industry.
Dr. Mahtani also says Finance bank was deliberately undervalued and that the
restoration process will prove that the bank’s value will be in excess of $200
million within a short time.
Dr. Mahtan sounded a warning to the those owing the bank to settle all their
dues in the shortest possible time as their ‘orchestrated schemes’ had failed.
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