Dr. Rajan Lekhraj Mahtani is a noted businessman in Zambia. In a surprising revelation, Dr. Rajan Mahtani claimed that controversial banking group Atlas Mara has breached the terms of the contract established between Dr. Rajan Mahtani owned Finance Bank Zambia and Bob Diamond owned Atlas Mara. This agreement was established in the year 2015 which was a share sales & purchase agreement. According to the claim established by Dr. Rajan Mahtani, Atlas Mara breached the agreement terms when it failed to make payment against the majority shares of Finance Bank Zambia taken over. It has been more than five years and Dr. Rajan Mahtani still owes from the Atlas Mara group and its owner Bob Diamond.
The controversial businessman Bob Diamond came into negative limelight in the year 2012 when he had to step down from the position of CEO (Chief Executive Officer) of Barclays after the Libor-Rigging scandal. The company Atlas Mara was floated in the year 2013 with the objective of establishing banking giant in Africa as well as a platform for Bob Diamond to enter the Zambian state again. Despite being listed at the LSE (London Stock Exchange) and despite taking over several acquisitions during its initial launch, the shares of Atlas Mara have continued a declining trend along with its reputation and brand image. The image has been further marred over the years with several controversies and allegations of corruption as well as unethical practices by Atlas Mara on behalf of Bob Diamond.
Dr. Rajan Mahtani has now approached international law firm Omnia Strategy, owned by Cherie Blair, to take his case at the London High Court as earliest as possible.
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