By revoking the licence of Bramer Banking Corporation Ltd and by forcing it, as well as its sister company BAI (British American Insurance) into administration, allegedly in the « public interest », the government (in conjunction with the BoM and the FSC) created panic amongst the bank's customers and the insurance company's investors and then plays the good guy by promising them that their money is safe and that they will not lose a penny. Even though Dawood Rawat, the owner of Bramer and BAI, has for many years been one of former PM Ramgoolam's “protégés”, the government decision should be contested in a court of law all the way to the Privy Council, if necessary.
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