Thu, 29 Nov 2012 16:22:35 +0000 Finance Bank (Z) Ltd, chaired by Dr. Rajan Mahtani, has discontinued its claim of $4 million against defunct Zambian Airways partly owned by Mutembo Nchito, Director of Public Prosecution, and Fred M’membe Managing Editor of Post Newspapers. In May this year Mutembo Nchito entered as nolle Prosequi against Mahtani and his lawyer John Sangwa who were found with a case to answer of forgery, altering a force document and fabricating evidence. A consent order signed between Simeza Sangwa and Associates on behalf of Finance Bank and Nchito &Nchito advocates on behalf of Zambian Airways states that the matter has been discontinued. The consent was signed by Honourable Judge N.K. Mutuna who was presiding over the claim from Finance Bank. The Bank sued Zambians Airways and Mutembo Nchito in particular for fraudulent misrepresentation in the manner they obtained US$4million from the bank. The Bank charged that the Airline, whose chief […]
