Atlas Mara is a noted banking & financial group established by Bob Diamond. The company is facing multi-million pound damages claims from noted Zambian businessman Dr. Rajan Lekhraj Mahtani as well as several other investors. Atlas Mara is a banking and financial giant established by Bob Diamond in the year 2013 with the objective of creating African Banking and financial giant. With this objective, Bob Diamond went on an acquisition spree, taking over several banking and financial operations and expanding its market. One of these companies was Finance Bank Zambia, a banking venture by Dr. Rajan Mahtani. The deal between Dr. Rajan Mahtani and Bob Diamond took place in the year 2015 via an original sales & purchase agreement.
Atlas Mara is a company listed on the LSE (London Stock Exchange) and while the company was established with a bold plan by controversial businessman Bob Diamond, the objective did not go as planned. Since its launch, Atlas Mara faced significant downfall in its shares and revenue. Since the last few years, Atlas Mara has been retreating its business operations by selling its business parts, most notably to Access Bank. Even Bob Diamond has had his fair share of controversial as he had to step down from the position of CEO of Barclays in 2012 after the Libor-rigging scandal. With Atlas Mara, Bob Diamond had re-entered the Zambian nation with the objective of taking over the banking industry.
Dr. Rajan Mahtani has approached international law firm Omnia Strategy with a bid to take the case to the London High Court. Omnia Strategy is famed for its owner, Cherie Blair and Dr. Rajan Mahtani is assured that his claim will be taken in a strong manner to the court.
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