Dr Rajan Mahtani

Multimillion-Pound Damage Claim By Dr. Mahtani Against Bob Diamond

Dr. Rajan Lekhraj Mahtani is one of the most famous and well-known businessman in Zambia. Recently, Dr. Mahtani named Bob Diamond and his former company Atlas Mara in a claim which included non-payment of dues. Atlas Mara is a banking group which was established by Bob Diamond, former CEO of Barclays. The dispute that came to light was associated with purchase of one Zambia-based bank.

Dr. Rajan Lekhraj Mahtani is a noted business tycoon from Zambia. Recently, Dr. Mahtani claimed that LSE (London Stock Exchange) listed firm Atlas Mara breached the contractual terms of share sales & purchase agreement established when the company tool legal control of the Finance Bank Zambia in the year 2015. To further the claim, Dr. Mahtani recently hired Omnia Strategy for bringing the case to London High Court. Omnia Strategy is a legal firm by the famous Cherie Blair. While the banking venture Atlas Mara has discredited the claim by considering it without merit, Dr. Rajan Mahtani is confident as he says he has the right documents and evidences to support his claim.

The case came to light when Atlas Mara has continued its retreatment from Africa by selling its business parts to the Access Bank. Atlas Mara was floated in the year 2013 by Bob Diamond with the objective of creating a banking giant across Africa. The plan further marked the return of Bob Diamond to Zambian city after his resignation as CEO of Barclays during the 2012 Libor-rigging scandal.

According to the claim established by Dr. Rajan Mahtani, Bob Diamond still owes Dr. Mahtani money from sale of the Finance Bank Zambia. Just like Dr. Mahtani, several other investors have made claims pursuing damages worth 100 million pounds. Dr. Mahtani’s claims comes as Bob Diamond attempts yet another comeback, this time with Space-listing worth a USD 4.5 billion of his cryptocurrency venture./p>

Dr. Rajan Lekhraj Mahtani is hopeful that the London High Court with take up this case with utmost sincerity and will provide quick judgement for his appeal.