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Bramer Banking Corporation, commonly known as Bramer Bank, is a financial institution based in Mauritius [1] with its head office is situated at Port Louis and currently under statutory management. It was one of the commercial banks licensed by the Bank of Mauritius, the country's central bank and the nation's banking regulator.
MauBank Holding Ltd. Website. www.maubank.mu. MauBank is a bank headquartered in Ebene CyberCity, Mauritius. It is licensed as a commercial bank by the Bank of Mauritius, the country's central bank and the nation's banking regulator. MauBank is the third largest bank in Mauritius. [1][2] It offers a full range of financial services to private ...
British American Investment ( BAIC) was an investment conglomerate based in Mauritius. Seized by the Government of Mauritius in 2015 for operating an alleged ponzi scheme that has never been prosecuted or proven in any court of law. However BAIC could not provide sufficient information and details about its irregularities in its operations.
The transfer of bank accounts and operations of the former Bramer Banking Corporation to NCB was held on Saturday April 11, 2015. On Monday January 4, 2016, NCB was merged into state-owned Mauritius Post and Cooperative Bank to form Mauritius Bank (MauBank). The newly formed bank received a banking licence on the same day.
In April 2015, a US$693 million Ponzi scheme in Bramer Banking Corporation hit Britam's largest shareholder British American Investment Company Mauritius Limited (BAIC). [26] [27] The Group moved swiftly to inform the public that the ponzi scheme did not affect their operations. [28] However, the directors were put under investigation by the ...
Banks Headquarters location Website ABC Banking Corporation Ltd Port Louis: www.abcbanking.mu: Absa Bank (Mauritius) Limited: Ebène CyberCity: www.absabank.mu
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Corruption in Mauritius follows the familiar patterns of state-based corruption, namely government officials abusing their political powers for private gain in the country of Mauritius. Some Mauritians have taken advantage of the government's corruption. In the local dialect, those who adopt such means are called traceurs or magouilleurs.