Choppies� bosses in P450m payout
Friday, August 28, 2015

Ottapathu
Choppies directors Ramachandran Ottapathu and Farouk Ismail are in line for a bumper P452 million pay cheque from the disposal of their shareholding in nine companies related to the listed retail giant.
In a transaction currently being examined by the Competition Authority, a consortium of investors led by the Standard Chartered Private Equity Mauritius is tying up a deal to buy Spark Capital, a company created to house the nine firms, most of which are suppliers to the Choppies Enterprises.
It seems some government accounting officers, sworn to tell "the truth, the whole truth, and nothing else but the truth" before Almighty God, may have deliberately lied during the committee’s vital work. If proven, this is not merely unprofessional; it is perjury, a serious criminal offence and it strikes at the very heart of responsible government.The PAC’s role is fundamental. After each financial year, it painstakingly examines how public...