Choppiesďż˝ bosses in P450m payout
Friday, August 28, 2015
![Ottapathu](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/uploads/imported_images/2015/august/28/php4D75.tmp.jpg&w=400&q=72&f=jpg&t=1)
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.
The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...