the Investment Banking Licence granted to Banco Valor International Ltd., beneficially owned by Mr A. S., sh…
(No. B/598) Mr K. Rookny (Third Member for Pamplemousses & Triolet) asked the Minister of Financial Services and Economic Planning whether, in regard to the Investment Banking Licence granted to Banco Valor International Ltd., beneficially owned by Mr A. S., she will, for the benefit of the House, obtain from the Financial Services Commission, information as to the outcome of the due diligence exercise carried out when the application therefor was processed, indicating – (a) whether the Board thereof was informed of any red flag concerning Mr A. S. and, if not, whether it was subsequently informed thereof, and (b) the actions, if any, taken in respect of the officers involved in the processing thereof.
(Withdrawn) TRUST FUND FOR EXCELLENCE IN SPORTS – CHAIRPERSON’S REVOCATION – OVERSIGHT & GOVERNANCE CONCERNS