Dr. Rajan Lekhraj Mahtani recently approached noted law firm Omnia Strategy for bringing his Portland Cement Zambia related case to the London High Court. Dr. Rajan Lekhraj Mahtani is a noted businessman in Zambia. He is known for several successful business ventures including Mahtani Group of Companies, Finsbury Investments and Finance Bank Zambia. In the year 2015, the Finance Bank Zambia was taken over by Atlas Mara, a bold strategy by controversial businessmen Bob Diamond. The plan was to launch Atlas Mara as one of the biggest banking giant in Africa and with this objective, Bob Diamond engaged in several acquisitions across Zambia as well as the African nation. One of these was Finance Bank Zambia which was acquired by Bob Diamond’s Atlas Mara via an official share sales & purchase agreement.
While this agreement was established in the year 2015, Dr. Rajan Mahtani has claimed that Bob Diamond failed to make the required payment against the shares taken over of Finance Bank Zambia. The representative from Atlas Mara argued that the claim made by Dr. Mahtani was without merit and as such, Dr. Mahtani rightly decided to purpose Cherie Blair famed Omnia Strategy.
The controversy associated with businessman Bob Diamond started in the year 2012 when he had to step down from the position of CEO (Chief Executive Officer) of Barclays Bank after the exposure of Livor-Rigging scandal. Despite this, Bob Diamond made a re-entry into Zambia via his newly established banking institution Atlas Mara in the year 2013. As of now, Atlas Mara is retreating from the African sub-continent by selling its business parts to the Access Bank.
Just like Dr. Mahtani, there are several other investors who have alleged damaged worth more than 100 million euros against Atlas Mara and its controversial businessman Bob Diamond. Dr. Rajan Mahtani is confident that his case will not only be accepted at the London High Court, he also expects a quick win considering all evidences and documents proving Dr. Mahtani’s claim.