Dr. Rajan Lekhraj Mahtani as of late employed international law office Omnia Strategy to seek after disputed bank deal. Dr. Mahtani is a prominent businessman and philanthropist in Zambia with various fruitful organizations under his name. Some of these are Mahtani Group of Companies and Finsbury Investments. Dr. Rajan Mahtani claimed Finance Bank Zambia recently went into an agreement with Bob Diamond owned Atlas Mara. This was an offer deals and buy arrangement in which larger part shares of the Finance Bank Zambia was taken over by Atlas Mara for specific amount. As indicated by the case set up by business Dr. Mahtani, Bob Diamond has neglected to make the instalment against the shares and along these lines, have breached the understanding terms associated with the contract.
Atlas Mara was an financial endeavour flouted by previous CEO of Barclays bank, Bob Diamond. The target of floating this organization was to achieve market leadership. To accomplish this destinations, a few acquisitions and joint endeavours were made and Finance Bank Zambia was one of them. In spite of these acquisitions, the shares of Atlas Mara stayed on the lower side for quite a while.
The case from Dr. Rajan Mahtani comes when Atlas Mara is withdrawing its business from Africa and Zambia, significantly by selling its business parts to the Access Bank. Bob Diamond himself came into negative spotlight in the year 2012 when he needed to resign as CEO (Chief Executive Officer) of the Barclays Bank after the scandalous Libor-rigging scandal.
According to Atlas Mara people, all claims against the organization are invalid. Then again, reports have demonstrated that alongside Dr. Mahtani, many investors have now sought damage claims against Atlas Mara to the tune of 100 million pounds. Dr. Rajan Mahtani is certain that with its aptitude and experience, Omnia Strategy won’t just present the case to the London High Court, it will win the case.
Rajan Mahtani News 