Paul Lismore

[Paul Lismore] The Britam "Commission d'enquête"; "Another shameful example of the judiciary being used to target a politician

Rédigé par Paul Lismore le Jeudi 8 Juillet 2021

You would have to be pretty stupid to believe that Domah's Commission d'enquete on Britam was designed to find the truth, the whole truth, and nothing but the truth; that its intentions were to clarify all the issues surrounding the bargain basement sale by a nasty, vindictive government of the only bank in Africa at that time owned by a Mauritian who happened to have an Asian sounding name; that it would do everything to find out the exact value of Britam, and not the ludicrous figures carelessly tossed around by thieving politicians to a Lepep Kouyon too keen to believe the lies told by professional fraudsters....and to a press that simply does not have the shame nor the honesty to refuse to call itself "free and independent".

I have written more than anyone else about BAI/Bramer/Britam and all the terrible crimes committed by a government apparently experiencing multiple orgasms when destroying the lifelong work of a citizen they all used to suck up to. Let me remind you of some of the facts I mentioned re Britam and this pseudo Commission of Inquiry:

 On 3rd August 2017, Judge Domah told us that  «La vente de Britam s’est faite à la vitesse d’un métro »...and 4 years later, one can only hope that the Mauritian Metro travels a bit faster than the snail pace of this Commission D'enquete! I asked in 2017, "Should the Domah Commission look at the real value of Britam, it would come to the conclusion that this was a braderie du siecle by the government, whether by design or by sheer incompetence." Here are the facts about the real value of Britam, and not the Rs 2.4 or Rs 4.2 billion nonsense that Domah and his 2 clowns "investigated":

1/ Britam, at the time of the botched sale, owned 46% of the Housing Finance Bank (HFB) of Kenya. Britam's shares in HFB  were conservatively valued at Rs 10 BILLIONS, at the very least. Both Munga and Wairegi, the chaps 'negotiating' with the politicians and accuntants in Mauritius, were directors of HFB and therefore knew the real value of Britam's shares.

2/ Britam owned 10% of the shares of Equity Bank, which is the largest bank in Kenya, with subsidiaries in various African countries.The CEO of Britam, Benson Wairegi, was also the Vice Chairman of Equity Bank, and therefore it is inconceivable that he did not know the true value of the shares of Britam. At the time of the botched sale of Britam, the shares of Equity were worth $ 2 BILLION, i.e. around Rs 70 BILLIONS. !0% of that belonged to Britam and were therefore worth around Rs 7 BILLIONS.

3/ There were 2 specific, irrevocable conditions in the articles of Britam : that the posts of Chief Executive Officer and Chief Finance officer, 2 crucial positions in any company, were subject to the sole veto of....BAI!

Now, you don't need to be a financial wizard to know that this, in itself, would significantly boost the sale price of any company that exercised such a sole veto condition.

What did our local geniuses do? Our accuntants and serviteurs du pays gave that veto away for free, when Munga, with the selfish, greedy opportunism of a true predator, told Tekwa Manraj and others that Britam could only be sold to the Kenyans and to no other country. By the way, nothing has stopped South Africa and other countries from investing in other companies in Kenya, or to take them over...And Munga has since sold a huge chunk of the shares in Britam sold so cheaply by Ramtoolah and other serviteurs du pays at a huge profit to.....foreigners!  

3/ Britam owned a massive, top of the range building in central Nairobi, called Britam Tower. Imagine this:  Britam Tower, just the building AND NOT THE LUCRATIVE BUSINESS, was worth more than the poxy Rs2.4 billions that accuntant Ramtoolah together with that bunch of marauders known as Tekwa face Dev Manraj, Bhadain, etc obtained from the theft of the century known as the sale of Britam...

Remember, the companies the hoodlums in government contacted to sell Britam were already negotiating with Dawood Rawat, shortly before they pulled the plug on BAI/Bramer. MMI was very keen and even asked Dawood Rawat to stay on the board of Britam for two years to hold their hand and to lead them into black Africa. Before negotiations could be finalised, we heard Vishnu Lutchmeenaraidoo proclaiming with psychopathic glee, " Je l'ai eu", as they plunged the dagger into BAI/Bramer and its thousands of investors. 

I am afraid this Commission d'enquete, after 4 long years of doing mostly fuck all, will now end up doing only one thing: pillory Roshi Bhadain for the reckless enthusiasm he showed of the novice politician trying to make a name for himself and finding a nice position in la cuisine. But the fact is quite simply this: THEY ARE ALL TO BE BLAMED! Including Zaza, now opportunistically trying to grab the potato peeler's role in la cuisine...They all destroyed BAI/Bramer for all sorts of stupid and false reasons, and in the process gave away very cheaply the biggest banking asset of a Mauritian outside these shores.

As I said in 2017, " Whether you are pro or anti Dawood Rawat, if you have even a vestige of a moral fibre in your body, you should ask yourselves this question:


This is precisely what Domah and his 2 clowns, including the fake Hajee, did: they stopped the owner of Britam, Dawood Rawat, from giving evidence about the bank that he himself built! Now, you and the zourlanus may wish to continue to call this saloperie a "Commission D'Enquete". 
I am afraid I can't.

Jeudi 8 Juillet 2021

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