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COVER STORY

ICAC: Dissecting the polemic

The Independent Commission Against Corruption (ICAC), one of the most crucial organisations in the country tasked with the critical mission to track down financial wrongdoings and fraud, finds itself these days entangled in a highly delicate situation as it backfires against those who had actually created it a little over a decade ago. What was ironically tagged as a ‘toothless bulldog’ as it had no powers to arrest, has in fact turned into a ‘Frankenstein’s monster’ for some…

INTERVIEW

Sinatambou: “I personally was very surprised by Kaushik Goburdhun’s nomination at the head of the ICAC”

We knew we were in the land of diplomacy when half a dozen people came one after the other to apologise for the minister’s delay. The confirmation came with the number of times we had to say, “No, thanks” to the offer of having something to drink. And, in the land of diplomacy, it is difficult to drag any meaningful information out of anyone. We still tried.

Minister of Foreign Affairs Etienne Sinatambou is a journalist’s nightmare: intelligent and diplomatic. And rather humble, in spite of the general perception. Very mindful not to say anything controversial, he, however, accepted the rules of the game.

BUSINESS

High end real estate: Controversy around the new scheme

Although the Integrated Resort Scheme (IRS) and the Real Estate Scheme (RES) sectors have fared reasonably better in 2015 compared to 2014 in terms of Foreign Direct Investment (FDI), promoters still find a huge challenge ahead as the two schemes have now been succeeded by the Property Development Scheme (PDS), which strictly imposes the condition to sell some 20% of the properties to Mauritian citizens living here or abroad. For them, this new scheme could usher in new problems for a sector that is already facing numerous challenges and stiff competition from abroad.

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