Seems the Mauritius government is keen on taking over Rawat's share in Britam.

Link

Mauritius doesn't waste time! They have nabbed the assets of the Rawats before they can sell off their assets & hide the money!

Really!! the Mauritian govt reaction is impressive. I expect no impact on Britam. Infact I do believe the Britam insiders will raise sufficient capital to buy out the Bai investments in Britam, then take time to find a suitable strategic partner if they so wish. They cannot however allow some no name to take up the shares and the 2 board seats that go with it.

Shhh! Don't tell @RealTreaty that. He believes in letting Ponzi Schemes ride as long as one supports the politicians...

Bhadain, whose relatively new Ministry champions good governance, says the crisis and Mauritius’ response are an opportunity for change.

“Fraud happens,” he said, citing Enron and Lehman Brothers in the United States, and BCCI, the Maxwell Affair and Polly Peck in the United Kingdom. “It has been dealt with swiftly.

“The Finance Minister decided the National Commercial Bank was going to take everything on board and safeguard the interests of (Bramer Bank’s) depositors and employees. We reassured (BAI’s 135,000) regular policyholders that the government is going to secure their policies. Then we started a massive exercise to understand what had happened, who was responsible and why it happened.”

The result was a decision to fire the chief executive of the Financial Services Commission, the head of the Financial Reporting Council, and a ten-person national committee on corporate governance.

“The name of the game is to learn from these (crises) and bring appropriate legislation to make sure the loopholes people are using to abuse the system are closed down,” Bhadain says.

Signs of very low levels of corruption in Mauritius.

In Kenya, Rawat would have distributed a ka loose billion like this and that story would have kwishad like that. And mind you, a billion is too much. 300 million could have done the job - from buying MPs to institutions (their leadership) and any relevant person in between.

In a couple of weeks, the Scheme would have been declared a figment of peoples imagination and Rawat cleared by parliamentary committees, oversight organisations etc. A judge somewhere would order the striking off his name in any reports that mention him negatively with reference to Ponzi schemes - past, present and future - real or imagined!

And then it would be business as usual!

How many Pyramid scheme thugs are in Kenyan prisons? And most of them are known! Others are now MPs turned rapists. More like rapists turned MPigs!!! Welcome to Kenya.

We need actions. We need to see results.

Until some huge, fat fish with major political connections or a politician himself/herself is prosecuted, thrown in prison and their property taken over and auctioned to recover lost money, I am not holding my breath!!!

Firing people doesn't help. I steal a billion and the best you can do is fire me? And I get to keep the billion!!?? Let's get serious!!!

Is this arrogance, confusion or exactly what disease is he suffering from (now that he is receiving treatment)???