Bob Diamond ‘fabricated a conflict of interest’ in bank sale

Former Barclays boss Bob Diamond fabricated a conflict of interest to stop a Zambian businessman benefiting from the sale of his bank, the High Court heard. Dr Rajan Mahtani, 75, founded the Finance Bank Zambia (FBZ) in 1986, and grew it over the next three decades into one of the most successful financial institutions in the country. The Zambian tycoon agreed to a takeover by Diamond’s Atlas Mara company to secure the future of the company, which had 73 branches…