BAI SAGA: PYRAMID SCHEME, PONZI SCHEME, PONZI-LIKE SCHEME OR POLITICAL VENDETTA AND CONSPIRACY?

This paper sheds light on the collapse of British American Investment conglomerate in Mauritius also known as BAI Group. According to Government Mauritius, Group was operating a vast Ponzi Scheme via its banking subsidiary Bramer Banking Corporation Ltd (BBCL). Furthermore, according report nTan Corporate Advisory Pte which is consultant Bank Group’s subsidiaries such Insurance (BAI Co. (Mtius) Ltd) and Property Fund (BPF) were ‘Ponzi-like Schemes’. A good number financial analysts, economists, accountants contrarily stated that Pyramid Scheme. Whereas many investors had firm belief it victim political vendetta conspiracy. Which which? Dyed-in-the-wool prophets doom former Prime Minister current Finance, Economic Planning Development, Foreign Affairs, Regional Integration International Trade, Financial Services, Good Governance Institutional Reforms, leader MMM party Governor have all without exception subjectively descriptively painted black picture hither thither. On top that, they acted ‘bad faith’ by misleading Mauritian nation. analyses other end spectrum from critical perspective based exclusively upon Academic Literature takes up gauntlet with intrepidity “Give The Devil His Due”.