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Showing posts from July, 2021

Bob Diamond Fame Atlas Mara Faces London HC Battle

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Controversial businessman Bob Diamond once again came into negative limelight after renowned businessman and philanthropist Dr. Rajan Mahtani alleged non-payment of dues and breaching the terms of the contract. Atlas Mara is a banking group that was established by Bob Diamond, former boss of Barclays and controversial businessman. As such, Atlas Mara is facing a multi-million pound damage claim over disputed purchase associated with noted Zambian bank, Finance Bank Zambia.  According to the claim established by Dr. Rajan Lekhraj Mahtani , Atlas Mara is a banking and financial chain established at the LSE (London Stock Exchange). Despite being a noted banking giant with bod plan of creating market leadership across Africa, the company faced significant controversies. One of the biggest controversies was associated with breaching the share sales & purchase agreement established with Dr. Rajan Mahtani owned Finance Bank Zambia. This agreement was established with the objective of tak

Dr. Rajan Lekhraj Mahtani Alleged Contract Breach From Atlas Mara, Moves Court

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  Dr. Rajan Lekhraj Mahtani is a noted businessman in Zambia with more than three decades of business experience. He has several successful businesses under his name including Mahtani Group of Companies and Finsbury Investments. He is also known for acquiring companies that are often at the dead-end stage and transforming them into premier businesses. His companies like Finance Bank Zambia and Portland Cement Zambia have remained top in their respective fields for a long time. However, working in a region like Zambia has its own pros and cons. While the pros are opportunity to grow with the province, the cons are dealing with corrupt government officials, bribery and unethical practices as well as dealing with companies and individuals who are focussed on their own profits at the expense of others.  Dr. Rajan Lekhraj Mahtani faced similar issue after giving over the ownership of Finance Bank Zambia. Dr. Rajan Mahtani owned Finance Bank Zambia is a premier banking and financial organiz