Partners in ‘super bank’ plan were left £80m out of pocket by company of shamed Barclays boss

Shamed former Barclays chief Bob Diamond left his partners nearly £80 million out of pocket in a failed bid to create an African ‘super bank’, the High Court heard. Dr Rajan Mahtani, 75, had founded the Federal Zambian Bank (FBZ) in 1986, and grew it over the next three decades into one of the most successful banks in Zambia. He agreed to a takeover by Diamond’s Atlas Mara company because his daughters had no interest in running the firm and…