Jean-Claude Bastos de Morais.
Jean-Claude Bastos de Morais. © Sangeetha Umakanthan and Anita Baumann/Licence Art libre
Five years after he was accused of defrauding the Angolan sovereign fund he was managing, Swiss-Angolan financier Jean-Claude Bastos de Morais has finally been banned from managing companies in Mauritius. The sanction was slow in coming and has fallen at a bad time for Mauritius as it faces criticism from the European Union for having failed to take more drastic action against money laundering. [...] (760 words)
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