Rajan mahtani biography
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Profile
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Zambian Tycoon Dr. Rajan Mahtani Claims Honest Intentions in Lawsuit Against Bob Diamond’s Atlas Mara
Dr. Rajan Mahtani, the Zambian tycoon, and founder of Finance Bank Zambia (FBZ), has been portrayed as an honest individual who acted in good faith at all times during the High Court proceedings against Atlas Mara, a company linked to disgraced banker Bob Diamond.
Dr. Mahtani, 75, initiated legal action against Atlas Mara, alleging breaches of the acquisition agreement that led to the takeover of FBZ. The tycoon, along with co-claimants including former business partner Joan Craven, seeks up to $ million (£80m) in damages.
George Spalton, KC, representing Dr. Mahtani, delivered the closing speech, emphasizing his client&#;s integrity. The court heard that Dr. Mahtani agreed to the acquisition by Atlas Mara to secure the future of FBZ, as his daughters showed no interest in running the bank, which had become one of Zambia&#;s most successful over three decades.
The crux of the legal dispute revolves around Atlas Mara&#;s alleged breach of the acquisition agreement. Mr. Spalton argued that Atlas Mara harbored ill-will towards Dr. Mahtani from the beginning, influencing their approach to negotiations and subsequent attempts by Dr. Mahtani to repurchase FBZ.
Referring to inte
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Rajan Mahtani
Zambian business magnate (born )
Rajan Mahtani (born 14 February ) is a Zambianbusiness magnate who is Chairman of Finance Bank Zambia Limited, a medium-sized banking unit in Zambia.[1] He pursued a career in Finance and Law. He is a Fellow of the Chartered Association of Certified Accountants and holds a PhD in Commercial Law from the London Institute of Business Studies.
On 13 April , Mahtani agreed to surrender his claim over the Zambezi Portland Cement Factory, which its minority shareholder 'the Ventriglias' had taken over by force on 7 April The surrender was made with a view to safeguard the interest of the existing employees working at the Zambezi Portland Cement Factory.[citation needed]
Win at the Malawi High Court in
[edit]On July 28, , the Malawi High Court passed a judgement in favor of Dr. Rajan Mahtani where it was witnessed that Nyasa Times, had published defamatory content in the name of Dr. Mahtani. With no particular evidence and weak arguments from the side of Nyasa Times, the High Court Honored Dr. Rajan Mahtani with a win and Nyasa Times has been asked to take down all the defamatory content from its website along with paying a sum as compensation for the injury caused.[2]