Paul Lismore

The DOMAH Commission d'enquête on the botched sale of Britam has so far proved only one thing: that half a truth is often a GREAT LIE.

Lundi 25 Juin 2018

Zinfo Moris accueille Paul Lismore, un de nos meilleurs lanceurs d'alerte à Maurice, au nom de la liberté d'expression. Zinfos Moris, l'info "nulle part ailleurs".


The DOMAH Commission d'enquête on the botched sale of  Britam has so far proved only one thing: that half a truth is often a GREAT LIE.

"  Dare to tell the truth, as I have pledged to tell it, in full, since the normal channels of justice have failed to do so. My duty is to speak out; I do not wish to be an accomplice in this travesty. My nights would otherwise be haunted by the spectre of the innocent man, far away, suffering the most horrible of tortures for a crime he did not commit."....Emile Zola "J'accuse!".

The wilful destruction of BAI/Bramer by a bunch of unreconstructed, vindictive, nasty individuals over 3 years ago has also served to show us that in our so called democracy with its crap education system, failed politicians, and and the independence and objectivity of a press which is at best questionable and at worst non existent, propaganda can be easily manufactured on a gigantic scale resulting, in what George Orwell once called, a country where " useful lies were preferred to harmful truths".

I don't intend to plough through the mountain of lies that have surrounded the wholesale theft of one man's assets by a government, which then shared the proceeds of that crime with its preferred gang of accuntants/notaries, highway robbers whether of the 'tenors du barreau' category or the bargain basement arse lickers whose only pleasure in life seems to be endlessly sniffing the dirty lamoresses of their political Gods.
Only the brain dead and the zombies could now possibly refer to BAI/Bramer as a 'Ponzi', when everything clearly pointed that the assets of the company significantly exceeded its liabilities...

as the BDO firm of accountants said in its audit of 2014 until it was persuaded by the head office in South Africa to change its findings following the destruction of BAI/Bramer some months later. And no one mentions the fact that the appointment of the Senior Accuntant/partner of BDO, Yacoob Ramtoolah, as administrator of the BAI/Bramer corpse was ILLEGAL, according to the laws that the same politicians who destroyed the company had previously passed.

But let us look at the "commission d'enquête" led by Judge Domah into the botched sale of Britam where a company that was worth at least Rs 4.2 billions was given away by the arseholes in government for Rs 2.4 billions.

Now, Judge Domah would no doubt be aware that any judge led inquiry that wishes to retain some credibility or respect (esp in the light of previous judges' led commissions of inquiry...) ought to, at the very least, seek the views and opinions of the man who created Britam. Never mind all these 'experts', esp of the accuntant variety, crawling out of the woodwork to give their tuppence worth of opinion about the real value of Britam! Ask Dawood Rawat as he should know its real value. After all, a long time before the current opportunists and scavengers have noticed that Africa exists, he had already diversified his interests into Botswana, Kenya and other African countries.

Now, the idiots who find Facebook as a Godsend to them to inflict their special brand of stupidity on us will say : " B kifer li pa retourne Maurice et defane so case si li pa in fer narien?". And my response to them is simply this: nothing.

You just cannot argue with stupidity or even bother to fight the urge of so many to parade their stupidity and ignorance in public whilst actually believing they sound very clever. In other words, I just can no longer be arsed to reply to the flights of fantasy/delusions/stupidity of so many people on our island.

But I digress...if Judge Domah is really keen to find the truth about the sale of Britam and its real value (which is a lot more than the Rs 4.2 billions often mentioned..), then perhaps someone ought to unravel the intricacies of using WhatsApp/Skype, etc to him so that he can get the truth straight from Dawood Rawat's mouth. After all, if the never ending Boskalis trial involving two great serviteurs du pays, Montrou and Sid Dick, has no problems (MT and Sherry darling permitting...) using Skype to cross examine the two main Dutch witnesses in that corruption scandal, why can't Judge Domah interview/cross examine Dawood Rawat about the botched sale of HIS company by corrupt, thieving arseholes? It sure would be a lot better and more enlightening than the quite farcical and burlesque exchange of " pa moi sa, li sa" by Bhadain, Tekwa face Manraj, Wilkinson, various accuntants competing with each other in the oleaginous and reptilian stakes, etc: all of them with a vested interest to show how such apparently massively intelligent and distinctly ethical individuals with integrity as their middle names, could have possibly made such a giant cock up.

Let me refresh your memory with what I previously wrote about the real value of Britam and how selling it at a mere Rs 2.4 billions is either legalised theft or corruption and incompetence on a massive scale. You will find the original post in the first comment.
 

  1. Britam, at the time of the botched sale, owned 46% of the Housing Finance Bank (HFB) of Kenya. Britam's shares 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. 10% of that belonged to Britam and were therefore worth around Rs 7 BILLIONS."

These are just 2 points that I raised in the original post to show how a deliberate and quite cynical attempt was made by the arseholes in government and the vultures hovering around them to grossly underestimate the real value of Britam. A real Commission d'enquête will ask the real question: where has the money gone? Instead of all that tedious 'pa moi sa, li sa' nonsense that insults all of us.

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Rédigé par Paul Lismore le Lundi 25 Juin 2018

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