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British American Investment Company (Mauritius)
Financial company in Mauritius
Not to be confused with British-American Investments Company.
British American Investment (BAIC) was an investment conglomerates based in Mauritius.
Overview
British American Investment Company (Mauritius) Limited's investments range from financial services, trade and commerce, transport, real estate, leisure and hospitality and health care.[1][2] The group has over 50 companies under these divisions with presence in Mauritius, South Africa, Madagascar, Kenya, Dubai, France and Malta.[3]
The group was ranked the second largest group in Mauritius in [3]
Seizure by Republic of Mauritius
On April 3, , BAIC's banking subsidiary, Bramer Banking Corporation, banking license was revoked by the Bank of Mauritius following an alleged US$ million Ponzi scheme being run at the bank.[4]
This alleged ponzi scandal also affected BAIC's insurance subs Biography of william shakespeare!