{"id":57686,"date":"2024-02-08T22:07:16","date_gmt":"2024-02-08T22:07:16","guid":{"rendered":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal"},"modified":"2024-02-08T22:24:21","modified_gmt":"2024-02-08T22:24:21","slug":"bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal","title":{"rendered":"Bob Diamond\u2019s Atlas Mara Wins UK Suit Over Zambian Bank Deal"},"content":{"rendered":"

Africa-Press – Zambia. <\/strong><\/span>A firm run by former Barclays Plc chief Bob Diamond won a UK court ruling over the acquisition of a Zambian bank in 2016, avoiding a multi million dollar payout.<\/p>\n

The court rejected a claim brought by Finance Bank Zambia\u2019s founder Rajan Mahtani, who had alleged Diamond\u2019s Atlas Mara Ltd. failed to pay in full for the lender\u2019s acquisition. \u201cThe claimants had failed to prove that they had suffered any loss\u201d and the case is \u201cunsustainable,\u201d the judge said in the ruling.<\/p>\n

Mahtani will appeal the ruling, his spokesperson said in statement. He \u201cwill now look to how this unjust enrichment of at least $49.2 million plus interest\u201d may be compensated, according to the statement.<\/p>\n

After stepping down from Barclays in 2012, Diamond founded the Africa-focused banking firm that has since scaled back its ambitions. Diamond was sued last year by Mahtani who accused the banker of shortchanging him, leaving him with less than a quarter of the agreed $215 million for the bank. Spokespeople for Atlas Mara didn\u2019t immediately return emails seeking comment.<\/p>\n

Atlas Mara had opposed the claim, and its lawyers argued that Mahtani\u2019s claims form \u201cpart of an observable pattern of behavior\u201d by which he \u201crepeatedly seeks to benefit himself by unreasonable demands, threats, and continual attempts to re-open and re-negotiate the terms of deals which he has done.<\/p>\n

For More News And Analysis About Zambia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Zambia. A firm run by former Barclays Plc chief Bob Diamond won a UK court ruling over the acquisition of a Zambian bank in 2016, avoiding a multi million dollar payout. The court rejected a claim brought by Finance Bank Zambia\u2019s founder Rajan Mahtani, who had alleged Diamond\u2019s Atlas Mara Ltd. failed to […]<\/p>\n","protected":false},"author":84,"featured_media":57685,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,235,233],"class_list":["post-57686","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-zambia","tag-zambia"],"yoast_head":"\nBob Diamond\u2019s Atlas Mara Wins UK Suit Over Zambian Bank Deal - Zambia<\/title>\n<meta name=\"description\" content=\"A firm run by former Barclays Plc chief Bob Diamond won a UK court ruling over the acquisition of a Zambian bank in 2016 ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bob Diamond\u2019s Atlas Mara Wins UK Suit Over Zambian Bank Deal\" \/>\n<meta property=\"og:description\" content=\"A firm run by former Barclays Plc chief Bob Diamond won a UK court ruling over the acquisition of a Zambian bank in 2016 ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal\" \/>\n<meta property=\"og:site_name\" content=\"Zambia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-08T22:07:16+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-02-08T22:24:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707418286.136812.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"344\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bob Diamond\u2019s Atlas Mara Wins UK Suit Over Zambian Bank Deal\",\"datePublished\":\"2024-02-08T22:07:16+00:00\",\"dateModified\":\"2024-02-08T22:24:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal\"},\"wordCount\":247,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707418286.136812.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Zambia\",\"Zambia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal\",\"name\":\"Bob Diamond\u2019s Atlas Mara Wins UK Suit Over Zambian Bank Deal - Zambia\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707418286.136812.jpg\",\"datePublished\":\"2024-02-08T22:07:16+00:00\",\"dateModified\":\"2024-02-08T22:24:21+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"A firm run by former Barclays Plc chief Bob Diamond won a UK court ruling over the acquisition of a Zambian bank in 2016 ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707418286.136812.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707418286.136812.jpg\",\"width\":720,\"height\":344,\"caption\":\"Bob Diamond\u2019s Atlas Mara Wins UK Suit Over Zambian Bank Deal\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/zambia\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Bob Diamond\u2019s Atlas Mara Wins UK Suit Over Zambian Bank Deal\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#website\",\"url\":\"https:\/\/www.africa-press.net\/zambia\/\",\"name\":\"Zambia\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/zambia\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Bob Diamond\u2019s Atlas Mara Wins UK Suit Over Zambian Bank Deal - Zambia","description":"A firm run by former Barclays Plc chief Bob Diamond won a UK court ruling over the acquisition of a Zambian bank in 2016 ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal","og_locale":"en_US","og_type":"article","og_title":"Bob Diamond\u2019s Atlas Mara Wins UK Suit Over Zambian Bank Deal","og_description":"A firm run by former Barclays Plc chief Bob Diamond won a UK court ruling over the acquisition of a Zambian bank in 2016 ...","og_url":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal","og_site_name":"Zambia","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2024-02-08T22:07:16+00:00","article_modified_time":"2024-02-08T22:24:21+00:00","og_image":[{"width":720,"height":344,"url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707418286.136812.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Bob Diamond\u2019s Atlas Mara Wins UK Suit Over Zambian Bank Deal","datePublished":"2024-02-08T22:07:16+00:00","dateModified":"2024-02-08T22:24:21+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal"},"wordCount":247,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707418286.136812.jpg","keywords":["Africa Press","Africa Press-Zambia","Zambia"],"articleSection":["all news","economy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal","url":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal","name":"Bob Diamond\u2019s Atlas Mara Wins UK Suit Over Zambian Bank Deal - Zambia","isPartOf":{"@id":"https:\/\/www.africa-press.net\/zambia\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707418286.136812.jpg","datePublished":"2024-02-08T22:07:16+00:00","dateModified":"2024-02-08T22:24:21+00:00","author":{"@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"A firm run by former Barclays Plc chief Bob Diamond won a UK court ruling over the acquisition of a Zambian bank in 2016 ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#primaryimage","url":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707418286.136812.jpg","contentUrl":"https:\/\/static.africa-press.net\/zambia\/sites\/35\/2024\/02\/sm_1707418286.136812.jpg","width":720,"height":344,"caption":"Bob Diamond\u2019s Atlas Mara Wins UK Suit Over Zambian Bank Deal"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/zambia\/all-news\/bob-diamonds-atlas-mara-wins-uk-suit-over-zambian-bank-deal#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/zambia\/"},{"@type":"ListItem","position":2,"name":"Bob Diamond\u2019s Atlas Mara Wins UK Suit Over Zambian Bank Deal"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/zambia\/#website","url":"https:\/\/www.africa-press.net\/zambia\/","name":"Zambia","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/zambia\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/zambia\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/57686","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/comments?post=57686"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/posts\/57686\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media\/57685"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/media?parent=57686"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/categories?post=57686"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/zambia\/wp-json\/wp\/v2\/tags?post=57686"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}