Finance Bank Zambia recently took its case against Simaata to Supreme Court Zambia. The highest court of Zambia was chosen so that Finance Bank can get true justice for the damages done to its reputation. This case by Finance Bank was supported by Dr. Rajan Mahtani, one of the premier businessmen operating in Zambia. Dr. Mahtani has been living in Zambia for many decades now and is one of its citizens now. He is also responsible for many businesses and operations in Zambia. These operations have not only helped the economy of Zambia, but have also provided employment and growth opportunities for people of Zambia as well.
In general, Dr. Mahtani or any of his associations hardly involve in any kind of campaigns to prove their innocence. Many conspirators have been trying to ruin his reputation by spreading false imageries or defamation campaigns against the businessman. However, almost all of these campaigns are met with failure within few days or weeks of their inception. This has been attributed to the increasing popularity of Dr. Mahtani and lack of any evidences from the conspirators to prove their point. A similar case happened with Simaata when he started spreading false rumors regarding Finance Bank Zambia. However, since he gave testimonials against the bank at several courts, these testimonials were taken seriously and cause a lot of damage to the bank’s reputation. This also resulted in loss of significant clients and business for the bank. The bank then charged Simaata for false allegations as well as violating the terms of agreement signed with the bank.
The case was then taken to the Supreme Court. The judges looked into all the evidences and announced Simaata as guilty of the charges. Even though Simaata has been acquitted and will be monitored, it is going to be a long time before Finance Bank gains back its lost reputation in its fullest form.