According to the latest claim established by Dr. Rajan Mahtani, controversial businessman Bob Diamond faces a multi-million pound damage claim against disputed purchase associated with a Zambian bank.
Dr. Rajan Lekhraj Mahtani is a noted Zambian tycoon with several successful companies under his name including Mahtani Group of Companies and Finsbury Investments. Dr. Rajan Mahtani recently made the claim that noted banking and financial company Atlas Mara, listed at the LSE (London Stock Exchange), breached the share sales & purchase agreement established between Dr. Rajan Mahtani owned Finance Bank Zambia and Bob Diamond owned Atlas Mara. This agreement was established in the year 2015 after which the majority shares of the Finance Bank Zambia were given to Atlas Mara. The company Atlas Mara was a bold plan by Bob Diamond of becoming a banking giant in Africa. However, this goal did not go as planned and shares of Atlas Mara fell sharply after the launch of the company. Despite several acquisitions and ventures along the way, Atlas Mara was unable to propel its plan into real action. After few years, the banking and financial company with the bold plan started to retreat its operations, majorly by selling its business parts to different banks such as Access Bank.
Even Bob Diamond’s name is associated with several controversies, one of the biggest being stepping down from the position of CEO (Chief Executive Officer) of Barclays’ bank after the 2012 Libor-Rigging scandal. Dr. Rajan Mahtani as of now has approached international law firm Omnia Strategy for taking the case to the London High Court and is expected to be heard soon.
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