Atlas Mara is a banking & financial group that started to make rounds after its launch in the year 2013. It was floated by Bob Diamond, a popular businessman and former boss of the Barclays. The banking group is listed at the LSE (London Stock Exchange) and was floated in Africa with the objective of becoming a banking and financial giant. To fulfil this objective, Bob Diamond’s company Atlas Mara underwent several acquisitions, takeovers and mergers to expand the operations and gain higher market shares. One of these acquisitions was of Finance Bank Zambia. Dr. Rajan Lekhraj Mahtani is a noted business tycoon and serial entrepreneur in Zambia with several successful business ventures under his name. He is known for top Zambian companies such as Mahtani Group of Companies, Finsbury Investments as well as Finance Bank Zambia. The takeover of Finance Bank Zambia by Bob Diamond’s Atlas Mara took place in the year 2015 under an agreed upon share sales & purchase agreement. Based on this agreement, Dr. Rajan Mahtani owned Finance Bank Zambia was taken over by Bob Diamond’s Atlas Mara for an undisclosed amount.

However, Dr. Mahtani has now claimed that Bob Diamond’s company Atlas Mara has breached the terms of the agreement by failing to make the payment associated with the sale. As such, Dr. Rajan Mahtani has claimed multi-million pound damages against Atlas Mara over disputed purchase. Representatives from Bob Diamond’s Atlas Mara have said that claim by Dr. Rajan Mahtani is fundamentally weak and without merit. As such, Dr. Rajan Mahtani has now approached international law firm Omnia Strategy for taking up the case to the London High Court. Omnia Strategy is a renowned international firm known for its owner Cherie Blair. Apart from Dr. Rajan Mahtani, there are several other investors who have made similar claims against Bob Diamond’s Atlas Mara and these claims have reached to the tune of 100 million pounds.