This paper sheds light on the collapse of the British American Investment conglomerate in Mauritius also known as the BAI Group. According to the Government of Mauritius, the BAI Group was operating a vast Ponzi Scheme via its banking subsidiary known as the Bramer Banking Corporation Ltd (BBCL). Furthermore, according to the report of nTan Corporate Advisory Pte Ltd which is a consultant of the Bank of Mauritius, the BAI Group’s subsidiaries such as the British American Insurance (BAI Co. (Mtius) Ltd) and Bramer Property Fund (BPF) were operating ‘Ponzi-like Schemes’. A good number of financial analysts, economists, and accountants contrarily stated that the BAI Group was operating a Pyramid Scheme. Whereas many investors of the BAI Group had the firm belief that it was a victim of political vendetta and conspiracy. Which is which? Dyed-in-the-wool prophets of doom such as the former Prime Minister of Mauritius, the current Prime Minister of Mauritius, the former Minister of Finance, Economic Planning and Development, and Foreign Affairs, Regional Integration and International Trade, the former Minister of Financial Services, Good Governance and Institutional Reforms, the leader of the MMM party and the former Governor of the Bank of Mauritius have all without exception subjectively and descriptively painted a black picture of the BAI Group hither and thither. On top of that, they have acted in ‘bad faith’ by misleading the Mauritian nation. This paper analyses the other end of the spectrum from a critical perspective based exclusively upon the Academic Literature and takes up the gauntlet with intrepidity to “Give The Devil His Due”.
This paper has been prepared to challenge the MNIS (Mauritius National Identity Scheme) in Mauritius. In the UK, the biometric national ID scheme was junked in 2010. Should Mauritius learn from the UK? A number of courts' decisions with respect to biometric data schemes have been analysed in depth. The dangers and risks of biometric technologies have been exposed. Even if the so called judgemental interferences of biometric technologies especially biometric IDs and databases with the human life (in the presence of adequate legal safeguards) could exceptionally be justified legally, there are ethical and social ramifications which illustrate that this is also an intrusion on human rights and should not be permissible at all.
This paper is about the proposal of a framework for SMEs in Mauritius. It brings solutions to the weakness concerning the development of the SME industry in Mauritius and also proposes a framework for it in the context of globalisation. Such an initiative would allow SMEs to expand into large enterprises (LEs) and would be considered as ‘Gateways to Larger Enterprises’.
This paper sheds light on the collapse of the British American Investment conglomerate in Mauritius also known as the BAI Group. According to the Government of Mauritius, the BAI Group was operating a vast Ponzi Scheme via its banking subsidiary known as the Bramer Banking Corporation Ltd (BBCL). Furthermore, according to the report of nTan Corporate Advisory Pte Ltd which is a consultant of the Bank of Mauritius, the BAI Group’s subsidiaries such as the British American Insurance (BAI Co. (Mtius) Ltd) and Bramer Property Fund (BPF) were operating ‘Ponzi-like Schemes’. Which is which? This paper analyses the other end of the spectrum from a critical perspective based exclusively upon the Academic Literature and takes up the gauntlet with intrepidity to “Give The Devil His Due”.
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