His latest findings that within two weeks he can solve the MIC problem by transferring the assets to Govt (Maubank for e.g) ,there will not be any issue as a result of the “consolidation” of Govt assets and liabilities)
Ki li pé kosé sa Boug là ! He is rambling this Guy.
Why should Maubank take a bad MIC loan or investment, and weaken its balance sheet?
What he should say is that an independent manager will be appointed to restructure and dispose of MiC assets, which can be sold to Maubank and other funds or financial institutions at market prices.
Transferring means at nominal value!
If Maubank agrees to take Airports Holdings(AHL) at nominal value of Rs25 bn, Maubank’s auditors will value AHL at market value, or Rs 10 bn, which means Maubank will take a loss of Rs15 bn.,which will require new capital injection of Rs15 bn by Govt in Maubank.
Govt debt will go up by Rs 15 bn!
zot pa trouvé sa Boug la pé continué radoter!
Sameer Sharma
The problem with us Mauritians is that we are all born experts. Appoint a proper forensic auditor and IB advisor and wind down the assets. Go international and lets be humble. That is my advice to Ali
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Paul Lismore
He is simply another ordinary man who has been metamorphosed into an economic genius by zourlanus who still think that macro economics is something to do with macros...But it would not surprise me at all if Ramgoolam decides that he is the best replacement for his friend Sithanen as supremo of the Bank of Mauritius...It would be in line with the majority of crass nominations that he has been imposing on us as part of his fake Sanzman programme.
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