Dr. Rajan Lekhraj Mahtani To Approach London HC Via Omnia Strategy


Dr. Rajan Lekhraj Mahtani, a noted businessman and philanthropist in Zambia, recently hired international law firm Omnia Strategy for pursuing a claim case. This case is against Atlas Mara, a banking and financial group that was established in Africa by Bob Diamond. Atlas Mara was floated across Africa in the year 2013 with the objective of becoming a banking and financial giant. To achieve this objective, the banking group underwent several acquisitions and takeovers with the objective of expanding its businesses and operations. One of these takeovers was Finance Bank Zambia, a company owned by Dr. Rajan Lekhraj Mahtani. However, Finance Bank Zambia has now come under flak for unethical practices with Dr. Rajan Mahtani charging multi-million pound damage claim against Atlas Mara and Bob Diamond over disputed sales & purchase of the Zambian bank. 

Atlas Mara is a company listed at the London Stock Exchange (LSE). According to the claims made by Zambian tycoon Dr. Rajan Lekhraj Mahtani, Atlas Mara breached the terms of the share sales & purchase agreement which was established in the year 2015 when Atlas Mara took majority share control of the Finance Bank Zambia. Dr. Rajan Mahtani has further stated that Atlas Mara owes him money from sale of the Finance Bank Zambia. At one side, representatives from Atlas Mara have stated that the claims by Dr. Rajan Mahtani was without merit and they are prepared to demonstrate the weakness associated with the claim. On the other hand, several other investors are pursuing similar claims against Bob Diamond and these claims have reached to the tune of 100 million pounds. 

Dr. Rajan Mahtani is confident that his case will be successful taken to the London High Court. 


Location: Zambia

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