07/13/2020

EACC recovers stolen assets worth Ksh 10.9B

Twalib commended the office of the director of public prosecutions-ODPP, saying the average concurrence rate on the outcome of investigations with the ODPP is 90%.

07/13/2020

Government drags its feet on retirement benefits reform

Last week, National Treasury and Cosatu officials met for the third time since April to consider giving retirement fund members access to their savings to mitigate the loss of income due to the Covid-19 lockdown and subsequent economic downturn. However,

07/10/2020

Moi allies get Sh1.4bn in Transnational Bank sale

The price is a discount given that shareholders’ fund-- the amount of money Transnational could return to shareholders if all assets were converted to cash and all debts paid off -- stood at Sh1.82 billion at the end of March.

07/09/2020

Financial Crime In Mauritius: Overview

Further to their search powers, police officers can seize any incriminating articles which they believe has been obtained by means of an offence or used in the commission of an offence. Such articles must be produced in court at trial.

07/08/2020

When are companies obligated to pay salaries during lockdown?

While the court found that the requirements to be put under business rescue were met, the court considered whether it was impossible for the restaurants to have complied with their obligations to pay their employees’ salaries during lockdown.