Monday, 1 September 2014

Parti Lepep Donor Goes Bankrupt

CHENNAI: NRI businessman C Sivasankaran who rode the telecom wave for two decades is officially bankrupt.

The serial entrepreneur has applied for bankruptcy protection in a Seychelles court to ward off a claim by his Bahrain-based telecom partner Batelco, which won a court decree for its $212million claim on its investment in S Tel, for which Sivasankaran stood personal guarantee. S Tel's telecom licences in India were cancelled along with 121 other licences by the Supreme Court in the 2G case.

The 58-year-old Sivasankaran, or Siva as he is referred to in business circles, filed for insolvency in a court in Seychelles early August. He is a citizen of Seychelles. The Supreme Court of Seychelles ordered Siva insolvent on August 26 (last Wednesday) and has since appointed a receiver. 

"It is hereby declared that the debtor Chinnakannan Sivasankaran is bankrupt and a bankruptcy order is made accordingly in terms of Section 14 (1) of the Insolvency Act 2013. The declaration and commencement of bankruptcy shall take effect immediately," acting chief justice of Seychelles Supreme Court D Karunakaran wrote in an order.

Siva, who sold Aircel to Maxis, bought and sold Barista coffee chain and stakes in Tamilnad Mercantile Bank, besides a host of other deals, could not be reached for a comment.

The court has appointed Bernard Pool as official receiver and manager of Siva's estate "with immediate effect". The official receiver has been directed to investigate Siva's financial affairs and file a preliminary report in three months time.

"Sivasankaran's bankruptcy will not thwart our determination to recover the substantial monies that he owes us," Batelco chief executive Alan Whelan said in a company statement.

Batelco and Millenium PE fund entered into an agreement to invest $225 million ($175 million by Batelco and the rest by the fund) in 2009. Millenium PE backed out of the deal. Batelco ended up with a 42.7% stake in S Tel.

Siva, sources said, is not a shareholder or a director in any of the businesses that his group manages. "He did not get a single rupee from Batelco from the stake sale, he is facing this tumult because of a personal guarantee, that too for an equity investment," sources said. Other telecom firms like Etisalat which invested in Swan Telecom, whose license was also cancelled, had to write off its investment while Batelco has been successful in getting court orders to recoup its investment.

"The bankruptcy will not affect any of Siva group's Indian operations as he is only a founder and not a shareholder or director in any of the companies," sources said.

Batelco had announced it was selling its stake in S Tel back to Siva, in exercise of its `put` option. In October 2011, both Batelco and Siva agreed on the buy-back, on the condition that Siva would transfer nearly 79 million Tata Tele shares that he owned to Batelco, valuing them at $174.50 million.

"Batelco accepted a settlement when Siva promised share. A 28-day delay in getting regulatory clearances for this transaction was used by Batelco to walk away from the deal as the valuation of Tata Tele had fallen by then," sources said.

Almost all of Siva's Indian businesses have run out of steam, his wind turbine business WinWind, a mountain spring water business and his shipping line Norway.






Friday, 29 August 2014

L’ETAT DES SEYCHELLES DOIT RENDRE DES COMPTES: « Un mensonge répété plusieurs fois peut devenir une vérité... »

Si l'on comptait sur la conférence de presse de la police des Seychelles pour répondre aux questions fondamentales posées par la mort suspecte de Harmon Chellen il n’en a rien été, et l’on n’a pu qu’être consterné devant les contradictions dont il a été fait état. Mais peut-on alors compter sur le gouvernement mauricien pour s'engager résolument aux côtés d'un de ses citoyens ? Jusqu'ici nous n'avons entendu que les sempiternelles banalités diplomatiques du type « nous en évoquerons le cas avec ...' »
L'Etat Seychellois devra une fois pour toutes comprendre que le monde de 2014 n'est plus celui des années 70/80 quand un Etat totalitaire pouvait encore sévir en toute impunité.  Aujourd’hui un seul clic de souris peut ruiner la réputation d’un pays qui se retrouverait alors au rang d’Etat-voyou, même s’il s’agit d’une île à vocation touristique...
Notre premier article dans la page Forum du Mauricien nous a valu de nombreuses réponses de Seychellois aussi bien dans leur pays qu’en exil en Australie, à Paris, à Londres ou ailleurs. Ils n'ont pas hésité à avancer des noms et des dates quant aux méthodes très particulières de la police seychelloise. Voici un témoignage parmi tant d'autres :
''Sir, my family has suffered terribly under this regime. My uncle, Hassan Ali Umarji, a well known businessman in Seychelles, disappeared in August 1977 leaving behind his wife and children. We all had to leave the Seychelles to seek political asylum in the UK back in the 1980's.''
DIS-MOI compile actuellement une liste de tous ces citoyens persécutés au cours des dernières décennies ;
Notre enquête se poursuit et la vérité devra se faire tôt ou tard. Si le médecin légiste mauricien confirme que Harmon Chellen est bien mort noyé/asphyxié, il ne peut  dire si Chellen est sorti du poste de police conscient ou inconscient puisque même les policiers qui en avaient la charge semblent l'ignorer ! En tout cas nous attendons avec impatience que la prochaine conférence de presse de la police seychelloise nous révèle comment  M..Chellen a pu « s'evader » pour « se suicider » dans deux pieds d'eau !
Quand on ne peut expliquer l'inexplicable se taire est toujours la meilleure option...

http://www.lemauricien.com/article/l-etat-des-seychelles-doit-rendre-des-comptes-mensonge-repete-plusieurs-fois-peut-devenir-ve

Wednesday, 27 August 2014

ENQUÊTE—DÉCÈS SUSPECT: Les Seychelles confirment deux zones d’ombre

Huit jours après le décès suspect de Harmon Chellen, directeur de l’École Hôtelière Sir Gaëtan Duval, alors qu’il était sous le contrôle de la police des Seychelles, cette dernière a confirmé deux zones d’ombre accablantes. C’est ce qui découle du point de presse, animé à Mahé par le Chief Investigating Officer, le surintendant de police Bruce Bursik. Il a soutenu que malgré des recherches approfondies dans la région, des objets personnels de Harmon Chellen, qui avait été repêché torse nu dans le lagon, demeurent encore introuvables. L’autre fait notoire est que l’ancien directeur de la Mauritius Tourism Academy était en état d’arrestation au moment de sa disparition du poste de police de Port Glaud le jour du drame. Réagissant à ce nouveau développement ; Me Veda Baloomoody, représentant la famille, fait état de contradictions dans les versions des autorités seychelloises.
Le directeur de la division de la criminalité de la police des Seychelles, le surintendant Bursik, rejette la thèse du Foul Play dans le décès de Harmon Chellen. Il maintient la thèse de la noyade en repoussant d’un revers de la main les conclusions de la contre-expertise médico-légale pratiquée par le Chief Police Medical Officer, le Dr Sudesh Kumar Gungadin en présence du Dr Satish Boolell, ancien médecin légiste en chef.
Néanmoins, le surintendant Bursik a concédé un premier point majeur dans cette affaire. Les limiers de la police des Seychelles n’ont pas été en mesure de proposer de scénario plausible pour justifier le fait que Harmon Chellen avait été retrouvé dans le lagon sans chemise et sans ses chaussures. Qui plus est, toutes les démarches entreprises pour récupérer ces Exhibits à des fins d’enquête ont été vaines jusqu’ici.
« Commenting on the fact that Chellen had walked into the police station fully clothed, while his body was found shirtless and without shoes, Bursik said three searches carried out in the area to date have failed to find the missing items », ajoute le communiqué sur le Web Site de la police des Seychelles faisant état de ce point de presse. Cet aspect est retenu par les proches de l’ancien directeur de l’École Hôtelière.
Le chef enquêteur de la criminelle aux Seychelles a ajouté que dès son interpellation, Harmon Chellen avait été placé en état d’arrestation et devait être incarcéré à la Central Police Station. Il était également sous le coup d’une interdiction de quitter l’archipel même si son départ avait été prévu pour ce même jour. « C’était pendant l’attente que Chellen a disparu du poste de Port Glaud où se trouvait un seul agent, car les autres étaient en mission. Lorsque l’absence de Chellen a été constatée, la police a immédiatement commencé ses recherches avant que son corps ne soit retrouvé flottant au large de l’IIlette », note encore le communiqué sans révéler la teneur des explications de cet agent de police à ce sujet.
Le surintendant Bursik a fait état des circonstances dans lesquelles la police est intervenue dans ce cas. « On the day of his scheduled departure, Seychelles Police responded to a call from the security of the Constance Ephelia Resort in the Port Glaud district, after a Malagasy female employee, had reported being sexually assaulted. It had allegedly taken place in Chellen’s hotel room at 7.00 pm local time the night before. She had named Chellen as the suspect », a-t-il fait comprendre en déclarant que l’enquête sur le cas d’allégations d’agression sexuelle et de noyade se poursuit.
Du côté de la famille de Harmon Chellen, l’on fait comprendre qu’à chaque nouvelle déclaration des autorités seychelloises, des contradictions se font voir et on s’appesantit sur l’urgence d’une enquête approfondie et indépendante pour faire la lumière sur ce drame. « La famille ne peut que constater des contradictions flagrantes dans les différentes versions communiquées par la police depuis lundi dernier », soutient Me Baloomoody suite aux instructions des proches.
Les Seychelles affirment qu’à ce jour, il n’y a eu aucun échange venant des autorités policières sur ce dossier.
Article paru dans Le Mauricien |

Tuesday, 26 August 2014

MEURTRE AUX SEYCHELLES?: Tout est suspect dans la mort d’Harmon Chellen

  • « Aux mains de l’individu, la force s’appelle crime.
  • Aux mains de l’Etat, la force s’appelle droit… » - Stirner

Je ne connais pas Harmon Chellen. Mais, suite à sa mort très suspecte aux Seychelles j’ai mené pendant une semaine une investigation intensive auprès de ses élèves, de ses employés et de ses connaissances. En effet j’ai été profondément choqué par cette mort aussi brutale qu’inattendue. Car tout est suspect dans ce qu’on peut maintenant appeler l’Affaire Chellen.
On notera d’abord la précipitation avec laquelle le ministre du Tourisme, Saint-Ange, évoque explicitement « l’asphyxie » et implicitement la noyade et même le «  suicide ». Mais Saint Ange n’est pas médecin légiste, ni même chef de la police. Or, dans un Etat de droit qui se respecte, un Ministre laisse l’enquête se dérouler avec impartialité avant de se prononcer, surtout de façon aussi  catégorique. Alors pourquoi prend-il position avec un tel empressement ? La réputation touristique de son pays a-t-elle plus de valeur que la vie d’un homme, même quand cet homme est un invité de marque de son pays ?
On remarquera ensuite la manière fort singulière d’enquêter de la police des Seychelles qui mérite qu’on s’y attarde un moment. Car nous le verrons, il y a chez la police des dallons, soit un amateurisme déconcertant, soit un cynisme à glacer le sang…Reprenons les faits : la police arrête à 9h40 du matin Harmon Chellen suite aux allégations d’une femme qui travaille à son hôtel. Selon ces policiers M. Chellen se montre « uncooperative », ce qui dans le jargon de toutes les polices du monde veut dire qu’il ne veut pas chanter la même chanson que les enquêteurs.
A 14h28, ô surprise, il est « reported ‘missing » dans l’enceinte même du poste de police ! A 14h29, selon le livre de la police, les policiers quittent le poste pour partir à la recherche de l’individu qu’ils avaient arrêté ! Enfin, à 14h50 un citoyen des Seychelles retrouve son cadavre à 500 mètres du poste de police d’où il s’était « évadé »... dans un endroit où même le plus inconscient des suicidaires aurait du mal à se noyer…
Sauf à être amateur de fables, difficile de ne pas se poser moult questions : qui a vu Harmon Chellen vivant entre son «  évasion » et la découverte de son corps ?(Si possible quelqu’un de fiable et qui n’est pas un témoin de la police). Peut-on et doit-on croire la version de la police ? M. Chellen qui était un homme moralement fort (« grande gueule ne se laissant pas facilement impressionner », disent certains) aurait-il été pris d’une soudaine envie de suicide entre la station de police et son hôtel où il s’apprêtait à retourner avant de prendre l’avion pour rejoindre une famille unie et aimante ? Enfin et surtout Harmon Chellen a-t-il vraiment quitté la station de police vivant ?- question que se poseront inévitablement tous ceux qui connaissent les méthodes de la police en Afrique et dans le sud-ouest de l’océan Indien?
Quiconque ne pose pas ces questions vit encore dans le monde d’Alice au pays des merveilles. Surtout si l’on connaît la police des Seychelles. Car pour les citoyens du monde qui ne connaîtraient des Seychelles que l’image carte postale-cocofesse, les policiers de ce pays peuvent, quand ils le veulent (ou quand ils en reçoivent l’ordre) se comporter comme de véritables tontons macoutes des tropiques. Instrumentalisés par le parti au pouvoir depuis bientôt 40 ans ils sont connus pour avoir, par exemple, frappé jusqu’au sang et en plein jour Wavel Ramkhelawon , le leader de l’opposition, pour avoir brutalisé et torturé des prisonniers dans le but de les faire avouer, ou encore d’avoir fait disparaître quiconque risquait de mettre en danger l’oligarchie politique en place. D’aucuns diront que les Seychelles ont changé et que l’Etat policier a disparu. Mais il y a un an à peine j’ai personnellement mené une enquête aux Seychelles au cours de laquelle j’ai interrogé des opposants, des journalistes, des citoyens ordinaires et je connais suffisamment la situation politique pour pouvoir affirmer que « rien n’est pareil, mais tout est comme avant ».
Dans l’Affaire Chellen il est essentiel de demander des comptes à l’Etat des Seychelles car il y va de la sécurité des citoyens de l’océan Indien et, partant, du monde. Arvin Boolell, notre ministre des Affaires Etrangères, a promis d’évoquer le cas avec son homologue seychellois mais Boolell n’est pas du genre à créer des vagues et la « realpolitik » de l’Etat mauricien peut laisser craindre que l’on décide de « sacrifier » Chellen. C’est pourquoi notre Ong DIS-MOI  n’hésitera pas à alerter l’opinion publique internationale si toute la lumière n’était pas faite sur cette affaire et la justice rendue. Il appartient aux médias mauriciens (ainsi qu’à tous les médias de l’océan Indien) de mener leur propre enquête afin que l’Affaire Chellen ne soit pas « noyée » au milieu de  palabres politiques puérils et inutiles.
Article paru dans Le Mauricien | | Par LINDLEY COURONNE

Monday, 25 August 2014

Murder At Ephelia Hotel Seychelles

Yesterday repatriation of Mr Chellen  remains, nor shoes, nor the shirt or the jacket worn by Harmon Chellen last Monday at the relevant time, have been found
     The probable track of "odious blackmail" exercised against the former director of the Mauritius Tourism Academy mentioned at this stage of the investigation
    "The family is calling  Seychelles to initiate an investigation of rigor in order to clarify the grey areas in the drama"

Five days after hitting the Chellen family and the Mauritius Tourism Academy, the mystery of the drowning of the former director of the Sir Gaetan Duval Hotel School, Harmon Chellen, also known as the Desiga, aged 53 remains. The repatriation of the remains of the victim, yesterday afternoon, for the cremation scheduled for today has had the effect of multiplying the grey areas in this sinister affair. The against-forensic, claimed by relatives of Chellen Harmon, and was practiced in the early evening yesterday by the Chief Police Medical Officer, Dr Sudesh Kumaar Gungadin in the presence of Dr Satish Boolell, former medical examiner Chief of Police, shall specify the future direction of the investigation into the events at the Hotel Constance Ephelia leading to the discovery floating off Islette Island corpse of the accused of sexually assaulting an employee of Malagasy nationality.
So far, very few details have leaked out about the circumstances in which Harmon Chellen could escape the control of the police authorities in the Seychelles when he was there because of allegations of rape lodged against him. Thus, the cousin of Harmon  Dana Chellen, who accompanied  Veda Baloomoody to Seychelles, has launched an urgent appeal to the police to conduct an internal investigation. That's what he told the Seychelles Press before embarking to go to Mauritius yesterday afternoon.
"There are some gray areas to be clarified. We understand how difficult Chellen Harmon was able to leave the police station without any further ado as we want to believe. The survey claims that the family of the former director of the Sir Gaetan Duval Hotel School must also draw up a chronology of what happened during the four-hour detention at the police station. Therefore, we can confirm there are no formal statement has been signed by Harmon Chellen. We believe that it is almost unbelievable, "said  Mr Baloomoody, which provides Watching Brief for the family.
But the most controversial elements in this case remain sinister than personal effects, not least, the former director of the Mauritius Tourism Academy, have not been recovered by the police. There are questions about what might have been become of the shirt, jacket and  shoes when he was escorted by police since 9 am on Monday morning of his hotel room in Constance Ephelia.
Cross-checking information from several sources confirm that when the Seychellois fisherman had discovered the body of Harmon Chellen Bay off Port Glaud, he was shirtless with socks on his feet. However, returning to Mauritius yesterday afternoon, the relatives of the victim realized that these objects, which are proving to be crucial nature of Exhibits in such an inquiry cannot be found. Forensic tests and DNA of these items could have been used to generate leads for investigators.
"The police say that despite all the research undertaken they have been unable to find traces of the shirt, the jacket and pair of shoes," confirmed Baloomoody on his return to Mauritius last night. He added that he had a meeting with the Superintendent of Police, in charge of this area of the Seychelles, to review the situation.
"The Superintendent of Police has given me the assurance that a thorough investigation has been ordered into the whole affair, especially about what happened during those four hours Chellen Harmon was with the responsibility of Seychelles investigators " said  Mr. Baloomoody.
For its part, the Seychelles Police has issued an official statement yesterday to report the findings of the autopsy Thursday, in which "Seychelles Police reported  the postmortem result-have shown That Mauritian national, Harmon Chellen, died of asphyxia Conducive to drowning. "
Further, the Seychelles Police said that the investigation will take place over two components of sexual assault reported by the Malagasy national. "The incident Happened when the Police started to Investigate a sexual assault case reported Earlier in the day of All which He Was named as a suspect. The Seychelles Police on Tuesday Confirmed That The female worker Who made ​​the postponement is a national Malagasy. The incident the previous night Reportedly Happened (Sunday) at the Constance Ephelia Resort at Port Launay Where Chellen WAS staying. The Police-have Said That It Is Continuing with the investigation of Alleged sexual assault as well as the drowning incident, "reads the statement posted yet on the Website of the Seychelles Police.
In the evening yesterday, relatives of Harmon Chellen, including his wife and two children, were clinging to a last chance to raise a bit of light on the mystery of the drowning last Monday in Seychelles. With a statement formally recorded by the widow, who suspects a case of Suspected Foul Play, the findings of the autopsy, by Dr. Gungadin attended by Dr Boolell, will be decisive for the result of this case, since this weekend, it is alleged that the former director of the Hotel School was the victim of an odious blackmail.


CONCLUSIONS OF THE EXCHANGE EXPERTISE
Injuries recorded in the left temple Harmon Chellen
The crucial detail is not included in the autopsy report submitted by the Seychelles authorities. The preliminary findings of the forensic practiced in the early evening yesterday by the Chief Police Medical Officer, Dr Sudesh Kumar Gungadin in the presence of Dr Satish Boolell, former chief medical examiner of the police, revive the controversy the circumstances of the death of Harlon Chellen, former director of the Sir Gaetan Duval Hotel School. Indeed, injuries were found on the left temple of Harmon Chellen, confirming the thesis of a "Suspected Foul Play."
However, this specific and important finding of the autopsy did not appeared anywhere in the document prepared by the Seychelles authorities certifying the cause of death after the post-mortem examination on Thursday in the Seychelles. 
"The fact is that the autopsy report of the Seychelles authorities is complete. That damage to a place of the most delicate and sensitive not included. Secondly, the lack of clothing worn Chellen Harmon at the time, adds to the list of items implying a "Foul Play." The conclusion is that the circumstances of the death of the former director of the Mauritius Tourism Academy are "highly suspicious" "suggests the lawyer who will take instructions from the family Chellen to engage the next steps after the cremation.


Source: Le Mauricien 

Friday, 22 August 2014

Seychelles Goes Overtime To Head Off Second Financial Tsunami Crisis



Over the last month, Seychelles has gone overtime to head off a Tsunami of financial crisis that if not dealt with will leave us all overboard.

Too Many Years of Silence Turns To Cancer
The cause of the illness is too many years of silence, lack of communication, and lack of democratic roots being set firmly in society and respected.
Much of the promises of 1993 Constitution are yet to be put in place aside for settling James Mancham’s property claims and a few others.
 Since 1993, the era of cronism has had a prolific impact on the business climate, to the detriment of the Nation.
In the National Assembly there is no opposition, no ideas being exchanged, no ideas shared, debated, to bring to surface the way forward for everyone. David Pierre speaks to himself all by himself and lavishes the meetings with Mr President every month to check his weight on SBC and see if hair is growing on his head again. It is not growing.
MNA’s have resigned themselves to the comfort zone of “silence” in Public, and prepared slips of paper for the moment of half truth, when SBC records a snippet of their speeches and passes a shorter version on national television.
They do their attendance slip on Tuesday, then go home for the week, collect SCR 17,000.00 and a guaranteed pension for life of SCR. 15,000.00.

Ministers Going Soft
The Ministers, collectively, have a culture of do not touch or discuss my ministry, and I will not discuss and touch your ministry.
In the National Assembly, a prop fake Assembly, the culture is not to ask questions that are too hard for a Minister to answer. Instead MNA’s ask an open question to allow the Minister to do what he wants. The end result is the Ministers, each divisibly run their ministries for the benefit of themselves, and not for the NATION.
In the finality of that end result, the NATION, the people suffer greatly, and the economy falters, and as it is now, is being brought to the brink of total failure.
The irony of this is “this is exactly what PL wanted, a no stress National Assembly”. Now it is destroying them.

Michel Creates New Consul of (Advisors) Ministers
Mr. James Michel has created a new Consul of Advisors to chart a different view from those of his Ministers. It is a revolution of sorts. Under Rene , this would never have been done. But the question is this: Is it too late to save Seychelles from the abyss? It meets every month. It should be meeting every day three times a week. So I suspect it is too late for many and more each month.


Faure in a Crisis Economic Meeting With SHTA and SCCI 
Mr. Danny Faure , Vice President is officiating a meeting with  Six Ministers, and the SHTA and SCCI. These meetings were tense to start, and have lighten up slightly now. However, the pressure is on everyone to get things moving, and get Seychelles back on track is on.
Cleverly, Faure has sent this Committee into Sub committee works to speed things up. But will it be fast enough? Maybe not. Much will depend on the seriousness of his ministers.
The Elephants In The Room
Seychelles has a few big elephants in the living at the moment that Ministers have failed to grappled successfully with under their Modus Operandi of :” do not ask me about my garden, I will not ask you about your garden”-
1       1. 50% inbound load factor on commercial flights;
2   2. 43% annual average of hotel room occupancy;
    3. No Sufficient Labor and export of GOP revenues;
    4. Debt Service at hand and the national business engine is  non productive according to NISB 10 months out of the year.

Planning Authority
“Beyond Use”- this is the label of the Planning Authority by 2014 after years of Ivory Tower policies. The Authority spoke to Seychelles, it did not listen to Seychelles. Now under the New Chairman they vow to listen to Seychelles.

We will see.
Under a directive from State House, the Planning Authority has been recommended to meet with private sector and see where they can improve their service delivery.

Political Reform Dead
While the SUP bathes in the mud over internal issues, the political reforms promised by Michel have gone silent. The SNP is preoccupied and stuck in court over its own creation on participating in the Electoral Reforms from PL failed to meet key preconditions promised.
 Kalawans popularity is at its lowest ever as he has taken Ton Jim’s hat and placed it square on his head, and Viral Dhanjee has filed a case in court on the POA more on point then Kalawans’ case.
Ralph Volcere will soon file a new INDEPENDENT paper. We wish him well.
Meantime, more Seychellois are collecting PET Bottles, more Seychellois are unemployed , or unemployable in their own country. More Seychellois go to sleep every night hungry, more Seychelloise need private financial assistance, for medical treatment overseas. More Seychellois are on hard drugs then ever before, and our prison is full of young men and women 760/77. The UN has said it is the highest per capita in the World.

Sesel Sa….does not have to be this way!
Seselwa Unite!

Second Financial Tsunami Gathering To Hit Seychelles




The bad decisions of PL led by James Michel,  brought on the dubious title of “Most Indebted Country in The World”, and further bankrupted Seychelles in 2007.
 We have been paying the price for PL James Michel failures ever since and will be paying into the future, long after James Michel and Albert Rene are gone.
 Now, a second wave financial tsunami is gathering to break on the Seychelles shores. The Seychellois who survived the 2007 Michel Tsunami must be prepared for the second wave. Here is the evidence of the Financial -Tsunami build up.

The Dismal 2% GDP Year on Year
Year on year, the PL cannot seem to do better than 2% GDP. This is in spite of increases on Tourism visitor arrivals. More Tourist arrive officially, but they spend less nights, and less money in Seychelles. Without growth at 6%-8%, according to IMF, we cannot repay our debts and maintain a reserve of Three (3) months imports, $400 Million. 


Middle East Hub System Has Spoke Us Out of Top Payers
James Michel listened too much to the CEO’s of the Middle East carriers, as they explained to him the hub and spoke system Emirates Qatar and Etihad use to herd travelers around the world. Most of the travelers to these hubs are workers, on  working trips, Well heeled potential visitors will opt for  a direct flight, rather than get caught up in the madness of hub and spoke and 20 hour layover in a dessert destination. They have been spooked!
Without direct flights, revenues will continue to contract nationally.

World Trade Organization Membership
Seychelles under Michel is seeking membership to WTO. This will destroy farmers of chickens indefinitely. It will destroy the pork producers and fishermen. All markets will be open for all other member states and citizens, companies, to participate in the Seychelles economy, without the ability of the government to implement protectionist measures to protect Seychellois business. A micro state country with a mere 88,000 population base, has no business joining WTO. It will destroy the identity of your people and destroy economic opportunities in their own country.

Too Many Airlines Pull Out in 12 Months
Too many airlines have pulled out in the past 12 months for the financial situation of Seychelles to remain healthy. Blue Panorama, gone with Two(2) flights a week, 500 seats off the ticker per week.
Transaero with Two (2) flights a week servicing Moscow –Seychelles, gone. 500 seats off the ticker per week.
Qatar Airways gone. Daily flights or 700 seats plus per week.
Ethiopian Airlines and Sri Lankan Airlines (MihnLanka Airways) are operating, but their seat occupancy is dubious and Ethiopian Airlines can pull out any time. No marketing has been done to effectively position Ethiopian Airlines into the Seychelles seat arrival grid.
This week alone, Emirates has announced in May, 2014, it will cut Seven (7) flights a week to Seychelles or 550 odd seats a week will be lost. This is hit to the jugular of the Seychelles Tourism Industry.
All along, we have no direct flights from our main markets, except one flight per week with Condor, which is full. They do not want to add a second flight, because landing fees are unfair. Providing evasive access from our main markets through UAE has proven to be suicidal.
Air access is the bottle neck to the smooth flowing of the Tourism industry, it always has been. It is a “no brainer”. Without sufficient daily flights into Seychelles, hotel rooms will remain empty. Staff will be placed on 20 hour weeks and pay will be cut. At night, lights will go out and resorts will look like dead towns. In spite of this looming risk, Michel administration separates portfolio for Transportation and Tourism as separate moons.


OECD Slams Seychelles Offshore, Sanctions May Follow
OECD has slammed the Seychelles non compliant offshore sector exposed by the SFP for the last Twelve (12) months. Seychelles has been seen as a soft offshore jurisdiction, where money laundering practice can be shielded from authorities and OECD member states. Until today, not a one offshore administrator has been brought to trial for mis use of offshore companies. We have even posted their photos on the internet, provided their work address in Victoria, Seychelles.
SFP has exposed $17 Billion in money laundering that originated with Seychelles base companies. Hardly anything has been done. Collapse of the Seychelles offshore sector, is imminent, and it will take 20 years to rebuild. Blame PL, there is no one else to blame. OECD should keep pressure on PL, until it starts to act responsibly.

No Human Rights Report For Over 20 Years
Seychelles remains under SANCTION for not filing any Human Rights Country Report with the UN Human Rights Organization. Minister Jean Paul Adam, says there is no funding for the Report. Where did the money go Mr. Adam? We have money for pensions for the ex ministers, ex opposition, ex everything, but we have no money for a Human Rights Country Report (UNHRCR)? Do you expect people to take you seriously when most of your ministers are redecorating their offices, adding new drapes, new panels, new chairs, new cars, when what they had was just fine? You have the money. You are just spending it on frivolous things, as usual, since it is not your money.

Slavery and Human Trafficking Will Hurt Seychelles
The United States Human Rights Report, has placed Seychelles on Tier Two (2) warning to come compliant on human sex trafficking. Minister Morgan has denied all allegations in the Report, sadly. Now Seychelles can expect in 2014 to go under SANCTION, and consequently, lose financial assistance from USA and OECD and bank loans from companies that are registered in those jurisdictions. I bet Minister Morgan did not know that this is the consequence on non compliance.
It is not a debate session Minister Morgan.
Only this week, a South African high end escort explained to a court how she earned Rand 15 Million doing tricks in Seychelles for well heeled Arab clients. This vivid exposure of Seychelles and sex trafficking will not earn Michel’s economy many points. Four Seasons Seychelles and Kempenski Hotels should be shut down in our jurisdiction.


WTO Plus Permanent Residency
The lethal combination of WTO membership and issuing of permanent residency status to foreigners, in Seychelles will leave Seychellois sweeping the streets of Mahe  for a living. The flood gates will open, yet, PL still cannot supply citizens with adequate water supply.
As the Tsunami gathers, remember, the lower the tide, the bigger the wave.

Seselwa Unite!
Sesel Pou Seselwa!
May God Bless All Freedom Loving Seychellois!