Recently, Simataa Simataa, the Mutendere Footbal Club proprietor, has been sued by Dr. Mahtani and Finance Bank for violating a contract.
Dr. Rajan Mahtani is presently the chairman of the Finance Bank Zambia Ltd. He is demanding K1 billion from Simataa Simataa for violating a contract. According to Dr. Mahtani, Simataa has dishonored the contract, which he made seven years before with Dr. Mahtani in 2007 while leaving the Finance Bank Zambia.
As per the contract, the Simataa was not supposed to issue any statements, which may be injurious to the bank, its owners and its employees. Agreeing to do this, he took K1 billion from Dr. Mahtani and Finance Bank. But it was recently found out by a letter of demand by the Watchdog that Simataa had ignored the agreement. He had in fact voluntarily offered himself as a witness in the Lusaka court against the bank. So, now when it has been found out that he broke the agreement don’t you think that Dr. Mahtani has done the right thing by demanding that K1 billion plus the interest money?
Simataa even dared Dr. Rajan Mahtani to go ahead and take legal steps against him. He even said that he was not on his payroll ever and that he had never signed any agreement of this sort. Simataa reminded him that the payment that Dr. Mahtani made was in lieu of him withdrawing the case, which he raised against the bank for constructive dismissal.
Hearing all these from Simataa, Dr. Rajan Mahtani just said that since the matter is now subjudice he won’t comment any more regarding this but he accepts Simataa’s challenge.
And what is your opinion on this matter? Don’t you think the chairman Finance Bank Zambia, has done just the right thing by suing this man? He has even been slapped a life ban by the Football Association of Zambia (FAZ) recently.
Dr. Rajan Mahtani is presently the chairman of the Finance Bank Zambia Ltd. He is demanding K1 billion from Simataa Simataa for violating a contract. According to Dr. Mahtani, Simataa has dishonored the contract, which he made seven years before with Dr. Mahtani in 2007 while leaving the Finance Bank Zambia.
As per the contract, the Simataa was not supposed to issue any statements, which may be injurious to the bank, its owners and its employees. Agreeing to do this, he took K1 billion from Dr. Mahtani and Finance Bank. But it was recently found out by a letter of demand by the Watchdog that Simataa had ignored the agreement. He had in fact voluntarily offered himself as a witness in the Lusaka court against the bank. So, now when it has been found out that he broke the agreement don’t you think that Dr. Mahtani has done the right thing by demanding that K1 billion plus the interest money?
Simataa even dared Dr. Rajan Mahtani to go ahead and take legal steps against him. He even said that he was not on his payroll ever and that he had never signed any agreement of this sort. Simataa reminded him that the payment that Dr. Mahtani made was in lieu of him withdrawing the case, which he raised against the bank for constructive dismissal.
Hearing all these from Simataa, Dr. Rajan Mahtani just said that since the matter is now subjudice he won’t comment any more regarding this but he accepts Simataa’s challenge.
And what is your opinion on this matter? Don’t you think the chairman Finance Bank Zambia, has done just the right thing by suing this man? He has even been slapped a life ban by the Football Association of Zambia (FAZ) recently.