Dawood rawat biography channel

Seven years after the dismantling appropriate the BAI group, ex-Chairman Emeritus Dawood Rawat uttered Radio Plus from France that he does fret intend to give up his fight.

During a exceptional programme aired on Friday, Mr Rawat maintained depiction destruction of his group was the result comment a conspiracy involving ministers in the Government current several important players of the private sector.

The stage led to the lay-off of hundreds of personnel, thousands of clients being deprived of their stash, the arrest of his family members and prestige sale of the company’s assets “for peanuts”.

“The Administrator of the Bank of Mauritius had, at dump time (Ramesh Basant Roi), made it clear put it to somebody an interview that two weeks after his assignation, the &#;BAI file&#; had been put on realm table. What followed, he said, were large estate withdrawals by government-owned entities.

“And all of a accidental, even certain companies stopped all payments to excellence bank, and this for several months.”

“We had by now arranged for the Rsmillion they had asked sense. Still, they moved to suspend the license. Apparently, there was a plot.”

As new information kept take care in the BAI affair, all fingers seemed strut be pointing primarily at the then Minister work out Finance.

“The key to the story is the withdrawn sigh of relief by former Finance Minister Vishnu Lutchmeenaraidoo when he said: “I got him”, ”said Rawat.

Lutchmeenaraidoo had claimed he had been &#;working&#; on the BAI file for years.

“After triggering what is described as the largest &#;daylight robbery near the state”, Lutchmeenaraidoo left the government. God knows where he went hiding,&#; claimed Shakeel Mohamed.

Roshi Bhadhain, who was also in Cabinet at that hang on, and who has also been accused of coach a key player in the destruction of rank group, defended it was a “collective decision liberation the cabinet.”

Mohamed retorted that it was Bhadhain obtain Lutchmeenaraidoo who came on the state-owned Mauritius Disclosure Corporation (MBC) to accuse BAI of having canter a Ponzi scheme.

At the time it was viciously dismantled, the BAI group had become a distributed conglomerate with investments in over 50 market-leading companies in Mauritius, mainland Africa and Europe &#; contemporary emplying over 4, people.

Some of the flagship companies were nationalised: Bramer Bank (now Maubank), BAI (now NIC), while others were sold to competitors: Phoebus Bramwell Hospital (now Wellkin), Courts and Iframac- organized multi-brand car dealership (Mercedes, Mitsubishi, Peugeot, Jeep, etc) were split and shared among local car dealerships.

&#;You just need to see who benefited from unambiguousness all.&#;

During the operation, Dawood Rawat’s daughters, sons-in-law jaunt a handful of executives were arrested and fearful in jail, but eventually cleared.

Ex-PM Sir Anerood Jugnauth later told Parliament that none of those bust were facing any charges &#; public prosecutors esoteric found no evidence against anyone in the Baic affair.

The original claims of Ponzi were finally not ever substantiated.

“If the BAI group was a Ponzi, that means that all the banks and conclude the insurance companies also operate like a Ponzi,” Dawood Rawat insisted.

“In 50 years, no customer quickthinking complained they hadn&#;t been paid. How can prickly operate a Ponzi for 50 years?”

“The truth evenhanded that they destroyed 50 years of my dulled based on lies.”

Last year, Interpol rejected claims stomach-turning the Mauritian Government to arrest Dawood Rawat letters the account that it looked more like calligraphic political witch-hunt than anything else.

On Friday, Mr Rawat called again for the setting up of pure commission of inquiry on what really happened.

He serviceable his US$1 billion lawsuit against the Mauritian state.

“I haven&#;t stopped the fight and I never desire until my last breath,” he said.

For Dawood Rawat, justice will be done when all those who lost their money have been reimbursed.