Tag: Bramer Bank

A Conversation with Uncle Claus As he does every Christmas, Santa Claus was again on his annual visit to our beautiful island. Once again TP Saran caught up

The first move to deal with the BAI group was made by the Bank of Mauritius in early April this year, notably with the revocation of the licence

Interview: Eric Ng Ping Cheun, économiste et directeur de PluriConseil — ‘Qui décide vraiment de la politique économique du gouvernement ? On ne le sait pas trop’

Indeed, the dismantling of a family business which took fifty years to build is a sad day for the CEO and his relatives who are witnessing all the

Is this liquidity injection of Rs 4 billion by the BoM in a group under administration, backed by the shares of perhaps an over-valued foreign company, a better

Dr Maurice Cure must be turning over in his grave at the latest twist in the saga of the Labour Party. He would never have imagined that the

The array of scams and scandals uncovered over the past months brings to light the systemic flaws inherent to a system plagued by incompetent political appointees subservient to

The owners of BAI either made wrong investments or were guilty of embezzlement. On both counts, it would be outrageous that the government should reimburse the policyholders with

There is a pressing need therefore to establish the country’s good credentials as a predictable and soundly regulated centre. Given the situation in which we got ourselves embroiled

The BAI Saga

Interview: Cader Sayed-Hossen

Ministerial announcements preceding or replacing appropriate communication by relevant regulatory authorities have left disturbing impressions of a situation which has gone out of hand.  However valid the reasons,

For the second week going, our financial sector has tumultuously been at the centre stage of national preoccupations. It began with the revocation of the banking licence of

The financial turmoil in which the country and large numbers of savers, investors, insurance policy holders and employees have suddenly been plunged into since last week could have

It is barely a fortnight ago the new government’s budget was delivered. It contained two main axes for driving economic growth – creating a number of ‘smart cities’