Mauritius Mauritius

ICAC Investigation of Eight Semi Body

Hard times for parastatal body. In addition to the flood of "tsunami" politico-administrative some of these organizations, eight of which are currently within the scope of an investigation by the Independent Commission against Corruption (ICAC).

18 Apr 2013, business.mega.mu

Sunkai: Man Confidence Bhimla Ramloll Arrested

The investigation into the alleged financial scam allegedly committed certain companies operating in the Ponzi scheme continues. Robert Chuttoo the man confidence Bhimla Ramloll, director of the investment company Sunkai Ltd, was arrested on Wednesday April 17.

18 Apr 2013, business.mega.mu

Hospitality: Overcapacity "Unsustainable"

The price war, a hotel overcapacity crisis in the euro zone, a decrease of arrivals of European tourists ... These factors have contributed to affect the profits of operators. Result: companies are under administration, others are looking for buyers.

18 Apr 2013, business.mega.mu

Fire in Several Shops in Pamplemousses

Two fires broke out early Thursday morning Pamplemousses. One in a hardware store, not far from the police station in the area. The other near the MCB bank where several shops, two stores, a shop, a hairdresser and was engulfed in flames.

18 Apr 2013, business.mega.mu

FSC Suspends Two Offshore Investment Companies

The Financial Services Commission (FSC) has suspended the license of operation of two investment companies, "Nirvi Management Ltd" and "Lotus Fund Ltd", both located in Grand Baie. The FSC found them not to operate "in the regulatory framework in place."

18 Apr 2013, business.mega.mu

Alleged Financial Fraud, a Man Named Dominique Left the Country with Rs 62 Million

A suspected agent of two companies operating in the Ponzi scheme had left the country with Rs 62 million in his luggage. Central CID intends to seek the help of Interpol to issue an international arrest warrant against him.

18 Apr 2013, business.mega.mu

27 Sailors from a Taiwanese Trawler in Danger on the Reefs of St. Brandon

The Yichuan 232 is driven onto the reefs in St. Brandon this morning, following an engine failure occurred last night. The ship in danger of sinking. The Coast Guard is on site and attempt a rescue.

18 Apr 2013, business.mega.mu

The Face of Christ Appears on a Mango Tree in Mauritius

God's work or that of a sculptor? Opinions are divided in Mauritius after the discovery of the "figure of Christ" appeared on the trunk of a mango tree Grande-Rivière-Nord-Ouest.

18 Apr 2013, business.mega.mu

Escroquerie Alléguée: Yajna Ghurburrun en Etat d’Arrestation

Depuis la mi-journée, la fille de l’ancien vice-président de la République, sir Rabindranath Ghurburrun, est en état d’arrestation dans le cadre de l’enquête initiée par le Central CID sur l’escroquerie alléguée de Rs 11,4 millions au préjudice d’un Italien.

17 Apr 2013, business.mega.mu

Infraction au Code de la Route: Ses Trois Amendes Maintenues en Appel

La Cour suprême a maintenu les trois amendes infligées à Chetraj Purmanund pour violation au code de la route et de la Public Officers’ Protection Act. Le prévenu avait refusé d’arrêter son véhicule et de produire son permis de conduire lorsqu’un policier lui en a donné l’ordre.

17 Apr 2013, motors.mega.mu

Simon Freemantle: "Mauritius Certainly Can Be the 'Gateway' to the East Africa"

South Africa is positioned as a 'gateway' for Southern Africa, providing good access in terms of logistics. Mauritius, meanwhile, can certainly become a 'gateway' for East Africa, including financial services. This will be a pretty serious competition for South Africa.

17 Apr 2013, business.mega.mu

Council Meeting: The New Statutes of the UoM Ratified

The final step in the restructuring of the University of Mauritius as recommended by the report Manraj was sealed at Monday. After the meeting with the Senate on Wednesday, the Council of UoM met yesterday to ratify the new statutes of the institution.

17 Apr 2013, business.mega.mu

Offshore: The Mauritian Jurisdiction Abandoned in Favour of Singapore, Luxembourg and Bermuda

There was less than a half-dozen inscriptions 'Foreign Institutional Investors' (FIIs) for the year 2012-13, when Maurice was mentioned as country in the list of more than 80 new registrations IFSI in India for the last fiscal year.

17 Apr 2013, business.mega.mu

CEB Shortfall of Rs 800 Million

The Central Electricity Board (CEB) is left with a shortfall so lately. The main reason is the loss of electricity on their network. A situation in which the CEB intends to tackle as soon as possible.

17 Apr 2013, business.mega.mu

Toll Roads will Benefit, Says Anil Bachoo

The Minister of Public Infrastructure, Anil Bachoo, believes that toll roads will benefit Mauritians once all road projects will be completed. However, there is no public vehicle shall be submitted. This is what he said on Tuesday afternoon at the National Assembly to question of the MP MMM Raffick Sorefan on the toll road project, which will be in the form of PPP (public private partnership).

17 Apr 2013, motors.mega.mu

Michael Sik Yuen Announced the End of Mauritius Shopping Fiesta

The Mauritius Tourism Promotion Authority (MTPA) and the Ministry of Tourism wanted to make it an annual tourist event. But Tourism Minister explained that there will be no response to the first edition held in 2012.

17 Apr 2013, business.mega.mu

Bhimla Ramloll Released: “All Sunkai’s Customers Will Get Their Money”

Bail this Tuesday, April 16 after spending 19 days in police custody, Bhimla Ramloll undertakes to repay all its "customers."

17 Apr 2013, business.mega.mu

Automobile : La Nouvelle Hyundai Santa Fe Dévoilée

IMC a dévoilé cette semaine, à l’hôtel St-Régis au Morne, le dernier de ses SUV de la marque Hyundai : la Santa Fe à sept places. La soirée de lancement a aussi été l’occasion de présenter officiellement le nouveau directeur général des deux filiales automobiles du groupe CFAO à Maurice, en l’occurrence Roddy Sharp, originaire d’Écosse.

17 Apr 2013, motors.mega.mu

Sunkai Co Ltd: Track Offshore Investments

In the survey of financial scams, the prejudice can be easily mounted to a little over Rs 1 billion, the Central CID investigators say more and more convinced that the track should lead to offshore funds collected hundreds customers.

17 Apr 2013, business.mega.mu

Evasion Fiscale : le Fisc Enquête sur des Avocats et Avoués

La Mauritius Revenue Authority (MRA) vient d’ouvrir une enquête sur plusieurs avocats et avoués qu’elle soupçonne d’évasion fiscale depuis quelques années. Si bien que, selon nos informations, le fisc se retrouve avec un important manque à gagner alors que cet argent devrait se retrouver dans les caisses de l’État pour contribuer au développement du pays.

16 Apr 2013, business.mega.mu