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MALAWI Requests Finance Bank To Urgently Return To Malawi
By Correspondent.
The President of the Republic of Malawi, Mrs Joyce Banda, made a solemn plea to Finance Bank to urgently return and establish a fully-fledged bank in Malawi. She was impressed with Finance Bank Zambia and all its achievements. She admitted that she was fully aware of (and privy to) the circumstances that led to Finance Bank deciding to withdraw voluntarily in 2005 (after operating for ten years) since the then Malawi Government made unfair and untrue allegations, all of which were politically motivated. President Joyce Banda was cognisant of the litigation before the Supreme Court by Finance Bank for recompense.
When presented with a dossier under cover of a letter dated 26th March, 2012 written by the Reserve Bank of Malawi to Mr.SakwibaSikota S.C., confirming his meeting with the Governor of the Reserve Bank of Malawi in Blantyre on 9th March, 2012, President Joyce Banda expressed shock since the dossier was incomplete, unprofessional and unethically given to a private lawyer to advance his own clients’ cases. President Joyce Banda apologised on behalf of Malawi and promised to investigate the matter.
Present at the recent meeting with President Joyce Banda were Dr.Mahtani, Mr. Steven Malama S.C., and Mr. John Sangwa in addition to other professionals.
Dr.Mahtani handed-over a dossier of the case 2010/HP/260 between Hotelier Limited, and Ody’s Works Limited, lodged by Central Chambers on 17th April, 2012 which incorporated the Reserve Bank of Malawi documents and copies of Dr.Mahtani’s passport. He explained that it is alleged that a Mr.CipherePhiri of the DEC gave the passport (during investigations) to Mr.SakwibaSikota S.C., Mr. Steven Powell, and Mr. Daniel Ventriglia who summarised the travel movements. Dr.Mahtani explained the apparent ‘mischief’ and provided evidence to support his contentions.
On enquiries made to Mr.SakwibaSikota S.C., his response was that he has nothing against Dr.Mahtani but was following his clients’ instructions. Who are his clients? Mr. Rupiah Banda, Mr Henry Banda,Mr.OdyMandenakis, Mr. Mohamed Salama, Mr. Antonio Ventriglia, Mrs Manuela SebastianiVentriglia, Mr. Claudio Ventriglia, Mr. Daniele Ventriglia, Mr. Valerio Ventriglia, or the MMD?
On enquires made to Dr.Mahtani he responded that he had no comment and referred us to Psalms 9 of the Bible which reads: “I will give thanks to the Lord with my whole heart; I will tell of all Thy wonderful deeds; I will be glad and exult in Thee; I will sing praiseto Thy name, O most High. When my enemies turned back,they stumbled and perished before Thee, for Thouhas maintained my just cause; Thou has sat on the throne giving righteous judgement
Posted by
fyonse
April 29, 2012 at 11:44 am
Good luck finance bank but you should also improve in your services and technology.
Alex
April 29, 2012 at 1:04 pm
BIG, STRONG AND RELIABLE.
Not tumbasela twa Bank.
THUMBS UP MAHTANI…GOD IS INDEED GREAT..!
Prof; Zick
April 29, 2012 at 2:10 pm
Good luck FB,give Malawi better services than Zambia,the lord is on your side,be faithful/truthful and loving the only way the most high will entrust u with the gift to deliver/heal/bless financially under the word love,we are sons and daughters of love,let love lead
Finance Njouv
April 29, 2012 at 5:25 pm
Bravo to Mahtani Group of companies
Subira kuzipa
April 30, 2012 at 6:14 am
Ha ha ha ke ke ke oowooo ohoo gud its ok
patriot
April 30, 2012 at 7:50 am
and yet we failed 2 appreciate our own owned zambian bank.Instead we allowed political schemes against FBZ all in the name of sort out percieved enemies.Goodluck finance bank
mk
April 30, 2012 at 8:33 am
yes, we go uintwernational
Bantustan the third
April 30, 2012 at 10:03 am
Politics of hate…shame on RB
chambwinochilipo!
April 30, 2012 at 12:19 pm
MAHTANI, you vision is still sound and God is on you side! But remember its the same God that your under paid and over worked workers pray to!
Please improve on the conditions of service, a loan of 20million,eg, paid back in five years is an insult for the workers!
Zali
April 30, 2012 at 12:20 pm
GO! GO! MAHTANI!!
VAI-SHA
April 30, 2012 at 12:37 pm
God is great baba
Clement .MC.
May 1, 2012 at 4:26 pm
Good news,thus shows that Zambia”s economy attract confidence in the business world.Brova Zambians.Stay Blessed.
the laughing Philosopher
May 1, 2012 at 10:40 pm
I have been banking with Finance Bank for 8 Years now. No regrets.