Monday, 24 November 2014

James Michel In Abu Dhabi For The F1 Grand Prix While IMF Has Firmly Established Itself In Seychelles

His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice-President and Prime Minister of the UAE and Ruler of Dubai, and General Sheikh Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces, a number of world leaders, Crown Princes, dignitaries and senior officials attended the final race of 2014 Formula 1 Etihad Airways Abu Dhabi Grand Prix at the Yas Marina Circuit, Abu Dhabi.

The final race was attended by His Majesty King Abdullah II of Jordan, President Ali Bongo of Gabon, President of Kenya Uhuru Kenyatta, President of Chechnya Ramzan Kadyrov, President of Tatarstan, Rustam Minnikhanov, President of Cyprus Nicos Anastasiades, President of the Republic of Kosovo, Madam Atifete Jahjaga, President of Serbia, Tomislav Nikolic, President of Seychelles James Michel, and Prince Salman bin Hamad Al Khalifa, Crown Prince and Deputy Supreme Commander of the Kingdom of Bahrain.

The Vice-President arrived at the race's starting point accompanied by Sheikh Hamdan bin Mohammed bin Rashid, Sheikh Hazza and Bernie Ecclestone, chief executive of the Formula 1 Group, which manages Formula 1 Grand Prix. The national anthem was played before the start amid presence of huge fans.

Sheikh Mohammed bin Rashid met, saluted and exchanged views with a number of competitors, wishing them good luck. Sheikh Nahyan bin Zayed crowned Lewis Hamilton, a British and driver of Mercedes Team on winning F1 championship, while Brazilian driver Felipe Massa crossed the line to second place ahead of Valtteri Bottas, a Finnish who won the third place. 

http://www.emirates247.com/news/government/mohammed-gen-mohamed-at-abu-dhabi-f1-grand-prix-2014-11-24-1.571093

Sunday, 23 November 2014

Views of "Seselwa Racine" (SFP) By Dr Sang Wong

SEYCHELLES IS MADE UP OF PEOPLE FROM MANY DIFFERENT PARTS OF THE WORLD .. IT'S IDIOTIC FOR ANYBODY TO COME UP WITH THE IDEA THAT ANYBODY CAN BE MORE OF A "SEYCHELLOIS" THAN ANOTHER SEYCHELLOIS .. THAT KIND OF THINKING IS XENOPHOBIC .. IT'S ANACHRONISTIC .. IT'S OUTDATED .. IT'S JUST BLOODY RACIST .. IT'S PLAIN STUPID ..

 HOWEVER .. AT SOME POINT IN THE ECONOMIC, POLITICAL AND CULTURAL EVOLUTION OF THE SEYCHELLES .. SOME GREEDY PEOPLE BEGAN TO DIFFERENTIATE THEMSELVES .. TO FIND SOME KIND OF A LEVERAGE .. HOWEVER TINY .. TO EXCLUDE OTHERS FROM CONTRIBUTING TO THE GROWTH AND DEVELOPMENT OF THE ISLANDS .. TO KEEP OTHERS OUT .. IT'S THE MOST OBVIOUS MANIFESTATION OF MYOPIC GREED .. HOW CAN U BE MORE "SEYCHELLOIS" THAN ANYBODY ELSE IN SEYCHELLES? HOW?


  A POLITICAL PARTY FOUNDED ON A PLATFORM OF "EXCLUSION" LAYS A SOLID FOUNDATION FOR IT'S OWN EXTINCTION .. AS IT MEETS A BRAVE NEW WORLD .. ONE OF EXTREME MOBILITY AND RAPID SOCIAL CHANGE .. THAT SENDS PEOPLE OF ALL RACES TO THE FARTHEST CORNERS OF THE PLANET IN SEARCH OF ECONOMIC OPPORTUNITIES .. WHEN U PICK "RACINE" AS UR MODUS OPERANDI .. UR PLAYING RUSSIAN ROULETTE WITH A FULLY LOADED REVOLVER .. U WILL SOON BLOW OUT UR STUPID BRAINS ..



  THE "RACINE" NOTION IS HOPELESSLY CONTRADICTORY .. IN THE SENSE THAT SEYCHELLOIS PEOPLE HAVE BEEN AMONG SOME OF THE MOST MOBILE PEOPLE ON THE AFRICAN CONTINENT .. MY OWN GRANDMOTHER MARGUERITE MONCHOUGY .. LEFT SEYCHELLES DURING THE 1930S .. SHE TOOK MY MOTHER DAISY AND LEFT FOR NANYUKI KENYA .. WHERE SHE WORKED AS A HOUSEMAID FOR A WEALTHY "GRAND BLANC" FROM SEYCHELLES ..

NO MATTER WHERE THEY WENT .. THE HARD DRINKING AND HARD LIVING SEYCHELLOIS BROUGHT WITH THEM A HOST OF VALUABLE SKILLS IN A WIDE RANGE OF TRADES .. UNFORTUNATELY MANY HAD TO LEAVE AFRICA AS THE TIDES OF INDEPENDENCE SWEPT OVER THE CONTINENT .. THEY FOUND THEMSELVES MOVING FROM AFRICAN COUNTRY TO AFRICAN COUNTRY STRUGGLING TO FIND WORK .. PUSHED OUT BY THE "RACINES" IN THE COUNTRIES WHERE THEY USED TO WORK ..

IT'S THEREFORE IRONIC THAT THE VERY PEOPLE WHO SUFFERED SO MUCH FROM THE "RACINE" MOVEMENT THAT SWEPT THE AFRICAN CONTINENT .. WOULD ONE DAY TURN AROUND AND TRY TO APPLY IT ON THEIR LITTLE ISLAND .. USING THE SAME TACTICS TO DRIVE OUT OTHERS .. THAT WERE USED TO DRIVE THEM OUT OF THE AFRICAN CONTINENT .. THE SEYCHELLOIS PEOPLE BORN OVERSEAS .. EVEN THOSE THAT HAD SPENT A LONG TIME OVERSEAS .. WERE AUTOMATICALLY BRANDED AS "FOREIGNERS" UPON THEIR RETURN TO SEYCHELLES .. WHAT A BLOODY IRONY HUH?


THE EVENTS OF JUNE 5 1977 LED TO A MASS EXODUS THE LIKES OF WHICH HAD NEVER BEEN VISITED ON THE TINY ISLAND ARCHIPELAGO .. DRAINING THE SEYCHELLES OF IT'S MOST VALUE RESOURCE .. IT'S SKILLED MANPOWER .. THE MOST CAPABLE SEYCHELLOIS NOW LIVE OVERSEAS .. SO HOW R U GOING TO MANAGE IT WITH UR MEAGER SUPPLY OF "RACINE" .. MANY OF WHOM R ALREADY LOOKING FOR A WAY TO GET TO MONTREAL?  ..

 

Seychelles poachers go nutty for erotic shaped seed


Under cover of darkness in the steamy jungles of the Seychelles thieves creep out to harvest the sizeable and valuable nuts of the famous coco de mer palm, and their activities are threatening its long-term survival.
Nicknamed "coco bottom" on the Indian Ocean archipelago for its curves like a woman's buttocks, some 40 of the giant nuts have been stolen since the beginning of the year on the island of Praslin.
The trees survive, but slashing with knives means the rare palms produce fewer fruit each year, while the seeds themselves are taken off for sale rather than producing new plants.

It is a worrying problem for the Seychelles, which features the coco de mer on its coat of arms. Conservationists fear the illegal trade threatens the future of nut, the biggest in the world and endemic to just two of the country's islands.
"Shock and horror," the headline of a Seychelles news agency story read after a raid last month in which 10 nuts were stolen.
With some 17,000 trees counted on Praslin and 10,000 on neighbouring Curieuse island, the tree is now on the warning "red list" of the International Union for Conservation of Nature, IUCN.
It says numbers have dropped by almost a third within three generations of trees, warning the harvesting and illegal sale of the nuts poses a significant threat.
"Before we'd see about 75 coconuts on a tree, now there are just 25," said Victorin Laboudallon of the Seychelles Islands Foundation (SIF), which helps conserve the palm-filled Vallee de Mai national park, a UNESCO-listed World Heritage Site.
"Trees do not give as much fruit as before when a coconut is cut."
- Alleged aphrodisiac -
The nut is a fertility symbol for some and in Asia, particularly in China, it has a reputation as an alleged aphrodisiac.

Thousands of tourists who visit the white sand beaches of the Seychelles eye them as ornaments.
Britain's Prince William and the Duchess of Cambridge were given a nut by the government at the end of their honeymoon on the Seychelles in 2011.
Protected by law, nuts can only be taken out of the country in accordance with strict regulations.
A nut, which can weigh as much as 35 kilogrammes (77 pounds), can reportedly sell for as much as $450 per kilogramme ($202 a pound) on the black market, meaning a single nut can sell for thousands of dollars.
In an attempt to curb the thefts and protect the 19 hectares (47 acres) of forest where the palms are found SIF has boosted the number of guards, but the rugged terrain and lack of fences complicate that task.
The bizarre "double" nut has an ancient history: traded far from the archipelago to the Middle East, Asia and Europe, earning legends of its healing powers.
For centuries, its origin was a mystery: nuts were found only adrift at sea or washed up on the white sand beaches of the Indian Ocean. Never having been seen growing on land, sailors thought that they came from the sea bed itself - giving the name, the "coconut of the sea".
Demand grew after the country's independence from Britain in 1976 and the boom in its tourism industry, said Laboudallon.

The government was forced to step in to control the trade, with the legal export of nuts highly regulated and only four companies having a licence to sell.
But the illegal smuggling continues.
Laboudallon fears the tree could suffer the same fate as the Dodo, the extinct bird that disappeared nearly 400 years ago on the Indian Ocean island of Mauritius.
The environment ministry insists they are in control of the situation, installing x-ray machines at the airport to scan for the nut, said top official Ronley Fanchet.
But environmental activists were shocked when a recent culinary festival, organised by the culture ministry, featured the famous nut.
For the first time, coco de mer dishes -- including ice cream, pies and bread -- were available for tasting at the one-off festival.
Defenders of the fruit warned that could create a new demand that would put the nuts under even greater pressure.
"If tomorrow there are menus with coco de mer in all restaurants, what do we do?" said SIF chief Frauke Dogley.
"It is not the one-off use of the kernel which is the issue here, but creating a demand, where the side-effects have the full potential to lead to an unsustainable exploitation."

https://uk.news.yahoo.com/seychelles-poachers-nutty-erotic-shaped-seed-051713045.html#f4I2Sgq

Tuesday, 18 November 2014

Fraudster set to lose Austrian millions


Benefit fraudster Wayne Patterson will lose the $3.3 million he has invested in Austria, after the Crown won a case to retrieve it.
Wayne Thomas Patterson was sentenced to eight years and nine months in prison in 2007 after pleading guilty to stealing $3.4m in multiple charges of benefit fraud.
He faked 123 identities to claim up to $28,000 a week for three years before his arrest in 2006.
The Crown has recovered the $3.4m that was taken, but it has also spent the past eight years in a legal battle in Austria to recover Apple shares and cash that had increased in value to about $3.3m.
Patterson, who employed an Austrian lawyer, has argued that the Crown has recovered what it was owed and the outstanding funds were rightfully his.
Despite telling the Parole Board last year that he had instructed his lawyer to release the funds to the Ministry of Social Development, he has continued his fight to retain the funds.
In September, the Vienna Court of First Instance heard the Crown's claim against Patterson and his Seychelles-based company Westgate Holdings Ltd, which he set up to hold the stolen proceeds.
On October 30, the court ruled that the Crown was entitled to the cash and Apple shares held in the Anglo-Irish Bank in Austria. Patterson was also ordered to pay the Crown €48,300 in legal costs.
Patterson and Westgate have until mid-January to appeal the decision.
A ministry spokesman said that if the ruling was not appealed the funds could be deposited in the consolidated account early next year.
Patterson, 55, is to appear in a judge-alone trial in January on seven charges in relation to writing forged letters in support of a failed bid for parole.
He was denied parole in March, with the Parole Board finding he could not be trusted not to offend again if released early.
The board took into consideration advice from the ministry that said Patterson was trying to thwart the ministry's attempts to recover profits made from the investment of his stolen funds.
Patterson's current sentence ends in July next year.

http://www.stuff.co.nz/national/crime/63290796/Fraudster-set-to-lose-Austrian-millions

Friday, 14 November 2014

JP Morgan Cut ties With Bank Of Muscat Offshore, Seychelles


JPMorgan said it cut off the service to about 500 foreign lenders last year as regulators press the world’s biggest banks to verify that transactions are used for legitimate business. The crackdown seeks to halt funds tied to money laundering, terrorism and countries covered by economic sanctions. Correspondent accounts allow lenders to take deposits or make payments on behalf of foreign institutions.
“JPMorgan has to be extra careful to make sure they’re adhering to standards and not even approaching anything questionable,” said David Kass, a professor at the University of Maryland’s Robert H. Smith School of Business.
The U.S. Office of the Comptroller of the Currency ordered JPMorgan to improve anti-money-laundering efforts last year, finding that its controls tied to the Bank Secrecy Act were inadequate. The firm failed to find out enough about banking customers and identify suspicious activity, according to the January 2013 consent order. The Bank Secrecy Act requires firms to report all large cash deposits to help prevent crimes such as drug-trafficking and terrorist financing.
JPMorgan’s relations with its regulators have been marred by legal disputes that contributed to more than $23 billion in settlements last year, including deals to resolve probes into the sale of mortgage bonds.

“We’re trying to meet new standards we’ve set for ourselves and that our regulators want us to set to reduce risk to our company,” Dimon, 57, said on an Oct. 11 conference call.
Correspondent banking remains a core business even after cutting some clients, JPMorgan has said. The department is within the firm’s treasury services division, whose revenue fell 2.7 percent to $41.1 billion last year.
BNP Paribas SA, France’s largest bank, reported a surprise drop in profit last week after setting aside $1.1 billion for U.S. investigations into dollar payments tied to countries, people and entities subject to federal sanctions. The probe involves dealings with Iran, Sudan and Cuba, according to a person with knowledge of the matter.

Drug Cartels

HSBC Holdings Plc (HSBA), Europe’s biggest bank, paid $1.9 billion last year to end U.S. claims of shoddy anti-money-laundering controls. The firm was accused of enabling Latin American drug cartels to launder money by neglecting to monitor more than $670 billion in wire transfers and more than $9.4 billion of dollar purchases from a Mexican subsidiary.


Last year, the Federal Reserve said Citigroup Inc., the third-biggest U.S. bank, lacked effective controls at two subsidiaries, Citibank NA and Banamex USA. The firm failed to conduct proper due diligence on customers and was too slow to file so-called suspicious activity reports, the OCC said in 2012. Citigroup said at the time that it had taken significant steps to strengthen money-laundering controls and address regulators’ concerns.

http://www.bloomberg.com/ 


Interview
Victoria —Since the news broke on Tuesday that the Central Bank of Seychelles had taken control of the Bank of Muscat International Offshore (BMIO), uncertainty about the future of the bank, its customers and its employees has been mounting.
On October 24, CBS announced that the loss of BMIO's correspondent bank overseas left the bank unable to process outward foreign currency transfers for its clientele, leaving its clients abroad unable to perform transfers or deposits.
In the latest press statement issued this morning, the Central Bank re-iterated that it "felt that it was necessary" to take over the bank until such time as the correspondent banking issue is resolved or an "alternative solution" is found to allow the bank's clients to transfer funds.
"The Managing Director of BMIO has taken annual leave to allow CBS and the Financial Intelligence Unit to resolve the matter and the rest of BMIO staff are assisting CBS in the operations of the bank," read the statement.
SNA caught up with the Managing Director of BMIO, Frank Hoareau, to get his perspective on the bank's current situation.

Can you give us a brief explanation of what it means to lose your correspondent banking relationship and why this happened in BMIO's case?
A correspondent banking relationship allows a bank like BMIO for example, to clear transactions on behalf of its customers in various currencies and through the respective financial centres; US dollars via New York, Euros via Frankfurt and pounds Sterling via London.
When a bank does not have a correspondent relationship they cannot do transactions in international currencies for its customers, it's as simple as that.
For much of the last six years of the bank's existence we have used JP Morgan as BMIO's correspondent bank for the three main currencies that we were using (US dollar, Euro and British Pound).
This relationship came about by virtue of the arrangement which JP Morgan has with BMI Bahrain, one of our main shareholders.
Early this year when BMI Bahrain started negotiations to sell its stake in BMIO, JP Morgan informed us that they were unwilling to carry on with the relationship and that they don't have a presence in the Indian Ocean Region. They explained that they are also having compliance challenges from their regulator (the US Federal Reserve) to maintain these small accounts with risky profiles.

http://uncova.com/seychelles-md-of-bmio-bank-speaks-difficult-climate-for-international-banks-to-offer-correspondent-facilities

Wednesday, 12 November 2014

Why Are Chinese Tour Operators Cancelling Seychelles Travel?


Yes, Seychelles has historical ties with Africa, but it sits in the middle of the Indian Ocean, 1000 miles off the east coast of Africa.
So why are Chinese tour operators cancelling trips to Seychelles?
Over ebola fears, according to a report in eTurboNews.
Top Seychelles tourism officials have gone to China armed with maps of Africa and this message: Seychelles is Ebola free and safe for travelers.
Alain St. Ange, the Seychelles minister for tourism and culture is in China with Sherin Naiken, CEO of the Seychelles Tourism Board, for one-on-one meetings with travel agents and tour operators. They’re selling Seychelles as the new tourism destination for Chinese vacationers.
They started in Beijing with CAISSA Travel Management Co. Ltd., Windy Feeling International Travel Service, and Qunar.com, eTurboNews reports.
St. Ange argued that Africa is 54 countries, not villages, and spelled out where Seychelles was — safely situated in the middle of the Indian Ocean, eTurboNews reports.
It became apparent to a delegation of Seychelles’ private tourism players who want to work with Chinese tour operators, that Chinese travelers have not yet figured out this geographical detail, according to the report. They put Seychelles in the same bag as other African countries. This wrong perception gave the Seychelles’ tourism industry bad publicity.
The Ebola threat has affected Africa’s tourism industry. Seychelles has been registering cancellations in tourism bookings.

“Ebola is on the west coast of Africa; we sit off the east coast of Africa,” St. Ange said. “Yes, Seychelles remains part of Africa, but we live our lives as a small island nation well outside all the difficulties that are ravaging this continent.”
Tour operators and travel agents in China are convinced the Ebola threat in West African countries is a wake-up call for the continent, eTurboNews reports.
“China is still overcoming its SARS lesson, and with the Ebola outbreak,
travelers are conscious of their choice of holiday destinations,” according to CAISSA. Chinese tour operators and travel agents say there
needs to be continued management of the epidemic to ensure travelers’ behavior does not boycott the continent as a whole.
St.Ange and his delegation plan to go to Xiamen and Shanghai armed with a map of Africa showing clearly the position of Ebola-affected countries and where Seychelles is situated. The same message will be repeated, the report said.

http://uncova.com/why-are-chinese-tour-operators-cancelling-seychelles-travel

Tuesday, 11 November 2014

Sakher El Matri agresse une Tunisienne aux Seychelles


Psychopathe ? Maniaco-dépressif ? Mégalomane? Rusé ? Tous ces traits de caractère pourraient correspondre à un Sakher El Matri, éminent sympathisant des Islamistes, selon nombre de ses anciennes connaissances et autres collaborateurs. Mais nous le croyions calmé depuis qu’il a été éjecté de la Tunisie et accueilli aux Seychelles grâce à ses amis influents. Il n’en est rien. La beauté de cet archipel posé sur l’Océan indien n’a pas calmé les penchants violents de Sakher El Matri ni son agressivité.

Ainsi, il s’en est pris à une jeune mère de famille tunisienne séjournant dans un hôtel de la place alors qu’elle le photographiait. Pourtant tous les Tunisiens savent que le gendre de Ben Ali, qui demandait aux journalistes de le féliciter pour le poste de président de Conseil d’Administration de Tunisiana alors que l’on tirait leurs concitoyens comme des lièvres, séjournait en hôte de qualité à Victoria, capitale seychelloise.
Il faut reconnaître que de la haine à l’encontre de ses compatriotes, Sakher El Matri en a beaucoup à revendre. N’ont-ils pas mis fin à ses rêves de grandeur, lui qui se projetait déjà Président en 2019 ?
http://directinfo.webmanagercenter.com/2014/10/29/photos-sakhr-el-matri-agresse-une-tunisienne-aux-seychelles/