Friday, 27 May 2016

Is she the right person to represent the district of Anse Royale?

Here is the person who has been chosen by the opposition to be the candidate for LDS for the district of Anse Royale.

When she disagrees with your opinion, the barage of vulgarity that she spits out is very disturbing indeed.

Will she be using the same tactics with the people of Anse Royale who she might not agree with because of their political affiliations?

Below i have some of her responses to others prior to the presidential elections that was held on the 5th and the 18th of Dec 2015.

Flory Larue on Patrick Pillay and Ahmed Affif:

Monday, 9 May 2016

Seychelles President offshore account In The BVI

More than 200,000 Panama Papers offshore companies revealed‏

The International Consortium of Investigative Journalists has published a searchable database that strips away the secrecy of nearly 214,000 offshore entities created in 21 jurisdictions, from Nevada to Hong Kong and the British Virgin Islands.
The data, part of the Panama Papers investigation, is the largest ever release of information about offshore companies and the people behind them. This includes, when available, the names of the real owners of those opaque structures.
 ICIJ, part of the nonprofit organization the Center for Public Integrity, has spent more than 12 months investigating the 11.5 million files that make up the Panama Papers, working with and assisting more than 370 reporters from all around the world. Your support helps us continue our investigation, and helps journalists hold the powerful to account.


Projects launched by Mahinda in Seychelles collapse

Several projects launched in Seychelles by former President Mahinda Rajapaksa during his tenure, are on the brink of closure, media reports said today.
Bank of Ceylon (BOC), Sri Lanka Insurance, Mihin Lanka and Nawaloka Hospital opened up their respective offices coinciding with Rajapaksa’s visit to Seychelles in June 2014.
Sources told The Sunday Leader that operations of Sri Lanka Insurance curtailed reportedly within a period of two months. According to employees of the insurance company, the Seychelles office was intended to be ‘temporary’ as the decision to close the operation was taken at the very inception. Nawaloka Hospital Seychelles is scheduled to cease its operations by the end of this month after reportedly recording a loss of Rs 5.2 million, hospital employees said.

It is also speculated that Mihin Lanka is likely to cease its operations to Seychelles.
Meanwhile Bank of Ceylon (BOC), Seychelles Branch was reporting tremendous loses and its staff was limited to three employees. However the Bank was upbeat on turning around.
“I started working in this from on the 22 January 2015. Before that this branch was incurring a loss of SCR (Seychellois Rupees) 440,000 which is approximately 4,976,400 in Sri Lankan Rupees. When I took over the branch in 2015 I did some changes. Now the customer base has gone up to eight hundred and fifty out of which two hundred and fifty are Sri Lankans domiciled in Seychelles. Meantime, profits have increased. This went on record as the first overseas branch to report profits within one and half years,” BoC Seychelles Country Manager R.A. Kularathne told The Sunday Leader.
BoC had reported a profit of Rs 32 million in 2015, The Sunday Leader learns.
However, the High Commissioner for Sri Lanka in the Republic of Seychelles Tikiri Herath Gunathilaka said that despite some of Rajapaksa’s pet projects closing down, many other Sri Lankan companies were interested in commencing operations in  Seychelles.
“In fact discussions regarding setting up a branch of Lanka Hospitals is ongoing.”
He further stated that it is easy to start companies but the lack of proper strategy to continue those companies is the main reason for such failures.  Nevertheless, he stressed that the speculation on closing down of the BOC branch was false and there was great potential for Sri Lankan investments related to health, higher education, fisheries and other businesses in Seychelles.
He further pointed out that negotiations are currently underway between two countries in relation to the establishment of a Buddhist temple to forge stronger cultural ties. (Colombo Gazette)


Sunday, 1 May 2016

Rotten Onions LDS Inner Circle

Guys. This is not going to be an easy one. I am being asked to comment on a recording posted that I never heard. Like most people I never got to hear the recording posted, which apparently had to do with a dialogue of sorts I had with Martin Aglae.

I have 2 recording of Martin Aglae, the first from the 6th. April which was his Press Conference (and that was recorded by a number of people present) and the second on the 08th April, also at his office.
There were 3 people at the second meeting. Apart from Martin and myself there was also a certain Mr, Dave, Martin’s deputy. That second one was a dialogue mainly between Martin and myself.
Martin is an intelligent guy, which explains why he quickly made it up the ladders in quite a few different opposition parties and in such a short time. He must in a way or another have impressed the leaders of these various parties, or were they so desperate that they all had special passes to allow unvetted newcomers and unknowns into their inner circles.

If one goes by the line that Martin is not intelligent, then that too is ok but it would say volumes of our leaders to allow themselves to be so impressed by Martin (who some say is not intelligent). Not only that but the leaders would have to explain how and why they would allow an unvetted and unknown person within their inner circles so quickly. They have done that not only with Martin. They would have done before and again after the 2015 elections. Guys we have a serious elections round the corner and we need our best team out there.

My only previous meeting (in all senses) with Martin had been some 18-24 months ago, when I had, at my request, met him (at the Yatch Club) for I had wanted to know him better and to know why he seemed to be all over the place. Did he have any principles and if so what. Did he have any loyalty? And if so to whom? I do not have a recording of the Yatch Club meeting. Maybe Martin has.

A number of people would have heard the recordings of my meeting some 3 weeks ago now. The recording would have made many rounds since then. I have no idea who would have heard the recording I have, but I imagine quite a few would have had. Not that I am bothered in any way, neither would I think Martin would be. He is/was in need of publicity and especially that his message be heard. Publicity he obviously gets plenty, especially with this recording posted, but clearly he gets much more than that.

Martin’s Press Conference practically left no doubt as to who were behind the ‘stealing’ of the Linyon Sanzman name. They too get much attention these days. The dialogue I had with him two days later clearly reinforces this. It is up to the listener to make up their minds. What was also clear from both the Press Conference and the dialogue with him was that the names of previous persons suspected/believed to have been linked to the ‘stealing of the name Linyon Sanzman were all cleared up but that did not diminish the interest into who may be behind Martin. That suddenly became a lot more interesting because people in the inner circles of LDS were being implicated. Martin himself, I now understand, was part of that LDS inner circle and attended their key meetings.

The amount of interest the recording posted by Gary Tall is therefore so natural. Unknown to any of you, but after the recording released by Gary, I would have been really bad mouthed by people Martin mentioned to me in during my dialogue with him. Again if necessary and if I can get necessary help I can post the same. This only reinforces the names Martin named.

The proposition, plan, strategy and game plan put forward by Martin impressed no one as he seemed to be talking from both sides of his mouth at the same time. His game plan defeated his said objectives. He had committed a political suicide and would not listen to reason. . I emphasized the need to for a common force at this critical moment. He understood that but..... Obviously he had no mandate for that.

Martin was to have me again a couple of days later and also again the day after the recording come out a couple of days ago. On both occasions he never turned up which leaves me believing that he is being stage managed.

I understand that Martin was also interviewed by RDS the week before but the interview is yet to be aired, if at all. I hope they do if they are to be a voice. I understand that RDS have not aired that particular interview in fear that it would hurt the LDS, opposition party. My opinion is that not identifying and removing rotten onions amongst us is what will hurt us. For our own good we really should put an end to this back door path to the inner circles of the party.

I want to thank all the people who have contacted me to load my copy of the dialogue with Martin on FB. Should the original post not turn up again, then I will be able to do so. Hopefully the Press Conference will also be loaded as it is important to hear his message and how anti – Wavel he (they) is/are. I understand that the original recording is to be re-posted. If not then I am getting my recordings posted.

I take this opportunity to wish all workers everywhere a happy Worker’s Day.
English River
30th. April, 2016

Saturday, 9 April 2016

How the Seychelles saved Syria

Against the backdrop of recent territorial gains, the cessation of hostilities and a peace process in Geneva that is rumbling along, President Bashar al-Assad seems more secure than ever after five years of conflict in Syria.
When people ask how he managed to stay in power despite the country having its economy collapse in half, hundreds of thousands killed, one in two Syrians being forced from their homes and the conflict dragging in four of the five UN P5 members of the Security Council, you wouldn't necessarily think about the Seychelles.
Yet as the Panama Papers, the biggest leak in global history, has shown, the idyllic archipelago of 115 islands in the Indian Ocean off East Africa has played its part in keeping Assad in the Presidential Palace in Damascus.

What this demonstrates is that what appears from a distance to be an insular, authoritarian regime far more proficient in the tools of medieval warfare than modern capitalism, has actually used the levers of globalisation well to protect its interests.

Evasion of sanctions 

What the 11.5 million leaked documents reveal is that three Syrian companies close to the government - Maxima Middle East Trading, Morgan Additives Manufacturing and Pangates International - used the already infamous Panama-based law firm Mossack Fonseca to create shadow or shell companies in the Seychelles to avoid the increasing pressure of global sanctions.
Considering how near the regime was to collapse before the Russian intervention, this evasion of sanctions is fairly significant. The Panama Papers suggest it paid for fuel that kept Syria's Air Force helicopters and airplanes in the air.
Modern tactics of moving money through tax havens, loopholes and front companies allowed for pre-modern tactics of dropping barrels filled with explosives on urban areas.

Another way of looking at it is that tax-dodging has cost lives.
The state and nature of Syria's economy was among the triggers of the conflict back in 2011. David Butter's major Chatham House report into the Syrian economy outlined how "economic grievances were an important factor underlying the uprising against the Assad regime".
Aron Lund, from Carnegie, explained that "for decades, the Syrian regime has been mired in corruption, benefiting from the exploitation of state regulations, bribery, and organised crime at every level of the system".
Bashar al-Assad's presidency saw an opening up of the Syrian economy with the introduction of private banking and a stock exchange among a huge raft of changes.
Yet as the renowned Syria scholar Raymond Hinnebusch wrote back, in 2012 the pressures of privatisation led the Syrian leadership to appropriate public sector assets for themselves, to enrich presidential families and ministers and private investors allied with them in "networks of privilege".

Nowhere is this network of privilege more apparent than in Assad's maternal cousins Rami and Hafez Makhlouf. Some estimates put their worth at $5bn before the war, with control of up to 60 percent of the Syrian economy.
They have been the target of international sanctions, including US sanctions, since 2008 and 2007 respectively, and the EU since 2011, suspected of controlling key gateways to Syria's oil and telecoms business.
Yet via a firm in Panama, the Makhloufs were able to continue to operate.
Frederik Obermaier, co-author of the Panama Papers story and an investigative reporter at the German newspaper Suddeutsche Zeitung, told Democracy Now: "they [Mossack Fonseca] realised that he [Makhlouf] was the cousin, and they realised that he was sanctioned, and they realised that he's allegedly one of the financiers of the Syrian regime. And they said, 'Oh, there is this bank who still does business with him, so we should still keep with him, as well'."

A focus on the traditional attributes of the economy of the state (ie, its industries, export and imports, etc) needs to be complemented by an understanding of the economy of the regime and the networks of privilege and corruption that comprise its core.

What has happened in Syria is that a corrupt economy became a corrupt war economy that was able to take advantage of a system blown open by the Panama Papers.
It's worth remembering that this is not the first leak to embarrass the regime. Another set of leaks, emails from 2011, showed Minister of Presidential Affairs Mansour Azzam sending Assad potential options for Russian private jets among rumours of an exit strategy being put together.
It would appear that Assad is no longer in urgent need of an exit strategy. However, he could use the private jet to visit the Seychelles or Panama to thank those who have helped him to remain in power.
The Panama Papers have shone a light on the economic activities of the regime that have stayed for too long in the shadows and, with the amount of information leaked, we know that there is lots more to come.

Wednesday, 6 April 2016

The Beginning of the End of Evil in the World?

Just two weeks ago, following the terror attacks on Brussels, the Daily Observer published an editorial titled "Terrorism May Be Too Lucrative to End".

In that editorial, we argued that ending terrorism was as easy as following and drying up the money; but that because there is a whole value chain involved where too many power players would have too much to lose, the political will has been missing in action.

We quoted the late Harry Greaves, who in his Let's Lecture series explained that the U.S. Government is able to closely monitor the financial dealings of Politically Exposed Persons (PEPs) and their associates.
"Many officials in government are of the mistaken notion that if they steal public money and salt it away in a bank outside of the country, they are home free. Not quite...," Greaves wrote.
"...if you transfer money through the international financial system, you create a paper trail.
"Every US dollar transaction, no matter where it originates or terminates, passes through New York and the Federal Reserve system. And don't think you can conceal your deception by putting the money in an account of a relative or close friend... There is a legal principal called tracing. If ill-gotten gains can be traced to you, they can be confiscated..."

Two weeks later, we are pleasantly surprised to see the findings of what has become known as "the Panama Papers". The papers comprise 11.5 million documents leaked from Mosseck Fonseca, a Panamanian law firm that allegedly helped the world's wealthy hide their cash in order to avoid paying taxes for the last 40 years. The findings were published by International Consortium of Investigative Journalists (ICIJ).
According to the ICIJ, the firm’s clients include "dozens blacklisted by U.S. authorities because of evidence they’d been involved in wrongdoing, such as doing business with drug lords, terrorist organizations or rogue nations like Syria and North Korea...

"Based on a trove of more than 11 million leaked files, the investigation exposes a cast of characters who use offshore companies to facilitate bribery, arms deals, tax evasion, financial fraud and drug trafficking."
There is sure to be political fallout from this in nations whose leaders (present and former) and their associates have been named in the papers.

But two things are important here. One is that this sets an excellent precedent as the beginning of the end of organized evil in the world. This is not just about political leaders hiding oil money. This casts a much wider net to include the drug trade, terrorism and human trafficking, to name some of the major problems destabilizing our world today. It shows that following the money is entirely possible.
What is also important to note is that Panama is not the only tax haven in the world. Others include Ireland, the Cayman Islands and the Seychelles, to name a few. As such, we hope to see the Ireland, Seychelles, Cayman Island and other papers emerge.

We also hope to see the banning of tax havens all around the world so that criminals have no place to hide their loot.

We as members of the fourth estate congratulate the ICIJ, Süddeutsche Zeitung (the German publication to which the papers were leaked) and other participating media partners in the investigation, for a groundbreaking investigation that is not just another scandal, but one that could have a very tangible
impact on ending corruption of all kinds in the world.

As it turns out, the Bible was spot on when it said "The love of money is the root of all evil."
That means that if we follow the money, we can uproot all evil. Not just some -- ALL evil.

Wednesday, 17 February 2016

Batelco Draws First Blood

MUMBAI/CHENNAI: In a relief to Batelco Group, Bahrain based global telecoms company, the Madras High Court has directed serial investor Chinnakannan Sivasankaran, his relatives and his flagship company Siva Ltd not to sell or to create any third party rights on some of their Indian assets until February 22. The values of these movable and immovable assets are around Rs 500 crore (about $74 million).

The case was filed by the BMIC, a wholly owned subsidiary of Batelco as per the ruling - decree in legal parlance - of the UK court of June 2014, which had directed Sivasankaran popularly known as Siva and his affiliates to pay up around $212 million. According to Batelco, that UK Judgment made it mandatory for Siva to payback the entire outstanding sum by 26 June 2014 but till date he has have failed to comply.

"Batelco Group...has successfully obtained today Indian freezing orders from the Madras High Court against certain Indian assets of Sivasankaran and his relatives including former wife Jayalakshmi Sivasankaran, his parents RCK Vallal and Chinnakannan Chandrammal and his associates Baskaran, Nithyavathi Venkatesan and his related company, Siva Limited," said a released issued by Batelco.

The genesis of the disputes lies in the cancellation of telecom licenses by the Supreme Court in 2012. BMIC had originally acquired 42.7% stake in S Tel in 2009, a year after the company won a 2G licence. Siva was the other principal shareholder in the company. Following the cancellation of 2G licenses of the company along with other 121 operators by the Apex Court, BMIC sought to implement a put option under the agreement to get his investment back. As per the agreement between the two parties, it was decided that if there are circumstances like cancellation of S Tel's licenses or failure to secure debt finance, Siva will have to buy back the shares acquired by BMIC at the original paid price. However, Siva failed to do so, which led Batelco launching legal proceedings.

"We fully expect all of the respondents to honour the Indian Court Orders and pay to BMIC the monies owing to it under the UK judgement," said Ihab Hannawi, Group CEO of Batelco in a release. "We will pursue all legal avenues available to us against such parties to secure this outstanding payment."

However, sources close to Siva says Batelco has no locus standi to file a case against him in Madras High Court as he is not an Indian citizen. C Sivasankaran's relatives will contest the case in the Madras High Court when the case comes up for hearing next, according to those aware of the plan.

Batelco also claimed that the Indian businessman had conveniently timed his divorce property settlement with his former wife in Seychelles just before the UK court passed an order and he transferred properties of around $100 million for no consideration on his wife's name. The same properties are under dispute.

BMIC also argued in the court that Siva had petitioned the Supreme Court of Seychelles for an order that he be declared 'bankrupt', in July 2014; soon after the UK Judgment went against him. They argued that Siva had created an extensive network of companies in India and is currently operating through them, with the active aid and support of his related associates, so as to avoid making payment of significant monies owed to his outstanding creditors, in particular BMIC. On 26 August 2014, the Supreme Court of Seychelles declared Mr Siva as an Insolvent/Bankrupt and permitted him to be released from such bankruptcy, despite protests from BMIC to do otherwise.